Asset Managers – Page 309
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HSBC AM names global fixed income head
GLOBAL – HSBC Asset Management has named a former Citigroup and Credit Suisse Asset Management executive, Gregg Diliberto, as its new global head of fixed income.
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TKP Pensioen boosts Aegon earnings
NETHERLANDS – Aegon’s first-half earnings have been boosted by its TKP Pensioen pension administration arm.
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Northern Trust hires Leech for planning role
GLOBAL - Northern Trust says it has hired Wilson Leech from State Street to be head of international strategic planning, a new role.
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Dutch funds’ Harcourt in German hedge move
GERMANY - Commerzbank’s Cominvest Asset Management and Dutch pension-fund-owned Harcourt Investment Consulting are planning to launch a fund of hedge funds in the second half of the year.
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Gartmore names institutional chief
UK - Gartmore Investment Management has named Invesco UK’s Angus Woolhouse as head of business development for its global institutional and alternative investments business, spanning the US, Europe and Japan.
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Medical society taps State Street for custody
UK - The Medical Protection Society Ltd. has awarded State Street a custody and transition management services brief and has retained its asset management arm for its 460 million-pound (688.7 million-euro) portfolio.
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Germany’s Spezialfonds market up 5% - BVI
GERMANY - The German investment fund industry association says said the volume of funds reserved to institutional investors, Spezialfonds, has grown about five percent since last year, boosted by positive markets.
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Alternatives 71% of new UBS institutional assets
GLOBAL – More than 70% of the new institutional assets at UBS’s asset management arm in the second quarter were inflows into its alternative and quantitative business.
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Fortis hires fund exec from Ernst & Young
EUROPE - Fortis Bank has appointed Ernst &Young’s Jimmy Donnelly as senior business development manager at its Prime Fund Solutions arm.
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Punter Southall names Batting as chief executive
UK – Actuarial consultancy Punter Southall & Co. has named John Batting as chief executive and Elizabeth Battams as managing director.
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Italy’s Enel fund tenders entire portfolio
ITALY - The pension fund of the partly privatised state energy and gas producer Enel has tendered its entire portfolio, expected be worth 360 million euros by the end of the year.
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IPE publishes Top 400 European asset managers
EUROPE - IPE has today published its 2004 ranking of the Top 400 asset managers active in the multi trillion-euro European marketplace, with Allianz, Fidelity and State Street Global Advisors retaining their top three places.
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CSAM gains E845m in assets under management
SWITZERLAND – Credit Suisse Asset Management gained 1.3 billion Swiss francs (845 million euros) in new assets under management in the second quarter – compared to a 1.9 billion-franc outflow a year before.
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Icelandic pension funds in $2bn merger talks
ICELAND - Two of Iceland’s leading pension funds, Framsyn and Sjomanna, are in the process of negotiating a merger - the merged entity would have two billion dollars in assets.
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MLIM makes German institutional hire
GERMANY - Merrill Lynch Investment Managers has hired former J P Morgan sales executive Kai Volkmann to boost is German sales institutional team.
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US SEC acts in hedge fund fraud case
US – The Securities and Exchange Commission has acted against alleged fraud at a Pennsylvania-based hedge fund called Fountainhead.
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Swiss pension funds boost alternatives - CSAM
SWITZERLAND – Swiss pension funds have raised their allocation to alternative assets to 1.8%, Credit Swiss Asset Management says.
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Nestlé “very seriously” considering Irish CCF
GLOBAL - Multinational food group Nestlé, which has a 6.2 billion-Swiss franc (3.8 billion-euro) pension fund says it is “very seriously” considering Ireland’s tax-transparent pension vehicle Common Contractual Fund, or CCF.
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Asset manager hires pension fund
UK – Asset management firm AXA has tapped pension scheme-owned Hermes to run a set of passive funds.
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ABN Amro's institutional AUM fall
EUROPE – Institutional assets under management at ABN Amro’s asset management arm have fallen to around 86.3 billion euros at the second quarter from almost 88 billion euros at the first quarter of 2004.
