Asset Managers – Page 308
-
News
BOE says DB closures adding to property boom
UK – The Bank of England says the closure of defined benefit occupational pension schemes has added to the recent “upward pressure” on house prices in the UK.
-
News
Icelandic bid for Singer likely soon – analyst
UK – Iceland’s Kaupthing bank, which has made a series of European acquisitions since 1998, is likely to make a bid for UK asset management company Singer & Friedlander soon, an Icelandic analyst has said.
-
News
Germany enters “new era” for private pensions
GERMANY – Germany’s old-age law that was passed by parliament in June has marked the ‘dawn of a new era’ for the pension market - according to HVB insurance analyst HVB Lucio di Geronimo.
-
News
CSAM German institutional assets up 16%
GERMANY – Credit Suisse Asset Management’s German institutional assets under management have risen 15.9% to 4.21 billion euros in the first half, compared to the previous year.
-
News
European fund-of-funds growth levels off – report
EUROPE – Growth in the fund-of-funds market in continental Europe has “levelled off”, according to a report from Cerulli Associates.
-
News
Hedge firm Tremont names London investment head
EUROPE - Tremont Capital Management, which produces a hedge fund index with Credit Suisse First Boston and owns TASS Research, has named Jim Mitchell to the new role of head of investment management, Europe.
-
News
BlackRock to buy State Street Research
US – US investment management firm BlackRock is to buy State Street Research, which is not related to its Boston neighbour State Street Corp., from MetLife for 375 million dollars (310 million euros) in cash and stock.
-
News
AP1 may appoint more external managers
SWEDEN – Första AP-fonden, the 148.1 billion-crown (16 billion-euro) first Swedish buffer fund, says it can’t rule out the possibility of hiring more external asset managers – and that it has set up a new external management unit.
-
News
Fortis institutional assets flat in second quarter
EUROPE - Fortis Investments, the asset management arm of the Fortis group, gained no new institutional assets in the second quarter of 2004, according to its latest earnings report.
-
News
Kaupthing says it hires SSGA’s Wardi
NORDIC – Iceland’s Kaupthing, which recently set up a UK asset management business, says it has hired State Street Global Advisors’ Peik Wardi to boost its Northern European institutional business.
-
News
Gartmore creates head of pooled products role
UK – Gartmore Investment Management says it has hired Kevin Scollan from J P Morgan Fleming Asset Management to the new role of head of pooled products.
-
News
Consultant recognition key for Schroders – Fitch
UK – Recognition from investment consultants and improved investment performance are key for Schroder Investment Management, says Fitch Rating Services.
-
News
FEFSI says investment fund assets rise 7.1%
GLOBAL – European investment fund association FEFSI says worldwide investment fund assets worldwide rose 7.1% in the first quarter of 2004 to 11.8 trillion euros.
-
News
HSBC AM hires two European equity managers
UK - HSBC Asset Management has appointed Legal & General’s Simon Sharp and Lazard Asset Management’s Angus Parker as senior European equity portfolio managers in London.
-
News
Singer & Friedlander CEO Hodson stands down
UK – John Hodson is to stand down as chief executive of Singer & Friedlander after 12 years in the job and be replaced by finance director Tony Shearer.
-
News
Ross Goobey out at Hermes Europe arm
UK - Alastair Ross Goobey, chairman of BT Pension Scheme-owned Hermes Focus Asset Management Europe, has stepped down over a perceived conflict of interest.
-
News
DeAM names European distribution head
UK - Deutsche Asset Management has appointed Insight Investments’ Mark Connolly to the new position of European head of institutional distribution, a new role.
-
News
London exchange issues governance guide
UK – The London Stock Exchange has published a guide to corporate governance in association with consulting firm RSM Robson Rhodes.
-
News
Mellon names UK pooled fund manager
UK - Mellon Global Investments has appointed David Holding to the new role of pooled fund account manager to its institutional pooled fund team.
-
News
Commerzbank reorganises consultant relations
GERMANY - Commerzbank has reallocated responsibilities for consultant relations to give a larger share to its London-based subsidiary, Jupiter Asset Management.
