Asset Managers – Page 314
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PGGM awards E1bn tactical brief to Goldman Sachs
NETHERLANDS - Goldman Sachs Asset Management has been awarded a global tactical asset allocation mandate from PGGM worth a notional one billion euros.
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AP3 names European mid- and small-cap managers
SWEDEN – The 140 billion-crown (15 billion-euro) Tredje AP-fonden Swedish buffer fund has appointed five managers to run mid- and small-cap European equities.
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French reserve fund awards E4bn to managers
FRANCE - The 16 billion-euro French Reserve Fund, Fonds de Reserve pour les Retraites, has concluded its second round of appointments, naming 12 managers to run 4.12 billion euros.
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UBS hires BNP Paribas’ Calchi in Italy
ITALY – UBS Global Asset Management has hired BNP Paribas institutional sales manager Roberto Calchi in a bid to strengthen its position in the Italian institutional market.
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Mellon Global names head of UK pooled funds
UK - Mellon Global Investments has hired Ian Harvey as head of UK pooled funds, a new role.
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Investec outsources to State St., 66 staff move
GLOBAL - South Africa-based Investec Asset Management has outsourced the administration of its 34 billion dollars (27.7 billion euros) in institutional assets to State Street Corp.
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J P Morgan names transition management head
EUROPE – J P Morgan says it has hired John Minderides from ITG to be head of its transition management business in Europe, the Middle East and Africa.
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UK’s Paul Myners named interim chair at M&S
UK – Paul Myners, the former chairman of Gartmore who wrote a report on institutional investment for the government, has been named interim chairman of Marks & Spencer as it fends off a takeover bid.
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Luxembourg and Ireland have “edge” on pensions pooling - consultant
EUROPE - Luxemburg and Ireland have “an edge” with double taxation treaties, the legislation for pensions investment pooling vehicles, according to a leading pension consultant.
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AP1 issues clarification about hedge fund plans
SWEDEN – AP1 says recent press statements about it moving into hedge funds are “misleading” and that it will not start reviewing hedge funds until 2005 for possible investment.
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AP3 names stock exchange president as CEO
SWEDEN – The 142 billion-crown (15.6 billion-euro) Tredje AP-fonden has named Kerstin Hessius, president of the Stockholm stock exchange, to replace Tomas Nicolin as chief executive.
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Mellon Global names head of consultant relations
UK - Mellon Global Investments has named William Battersby as head of consultant relations, reporting to Pauline Stuart, head of institutional business in Europe.
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Dexia says European SRI market reaching maturity
EUROPE - Dexia Asset Management says the continental European market for socially responsible investments is reaching maturity - and is catching up with the UK.
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UK unions call for voting transparency
UK – The umbrella body for unions in the UK, the Trades Union Congress, has called for greater voting transparency.
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UK’s Durham appoints actuary, seeks advisers
UK - The 850 million-pound (1.23 billion-euros) Durham County Council Pension Fund has appointed Hewitt Bacon & Woodrow as scheme actuary and says it is looking for advisers.
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UBS boosts UK corporate pension fund sales
UK – UBS Global Asset Management has hired Howard Nowell from KPMG as director of institution corporate marketing in the UK.
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CSAM names Burgess as Europe equities head
EUROPE - Credit Suisse Asset Management has named Insight Investments' Mark Burgess as global co-head of equities, focusing on Europe and Asia.
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FundPartners consultant joins State Street arm
EUROPE - State Street's Princeton Financial Systems says it has hired a consultant from Netherlands-based pensions consulting firm FundPartners.
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ADAM Nordic sales head joins Martin Currie
EUROPE – Martin Currie says it has hired Allianz Dresdner Asset Management’s head of Nordic sales, Simon Barrett.
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Fortis Investments’ operating profit falls 9%
EUROPE – Fortis Investments’ net operating profit fell nine percent in the first quarter – although assets under management rose four percent.
