Asset Managers – Page 314
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Mellon buys hedge fund firm Evaluation
US – Mellon Financial Corp. has bought hedge fund firm Evaluation Associates Capital Markets for an undisclosed sum.
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King & Shaxson says it hires Pilkington’s Wilson
UK - King & Shaxson Asset Management says it has hired Andrew Wilson from the Pilkington pension scheme.
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Aviva cuts 700 life business jobs
UK – Aviva’s Norwich Union arm is to cut 700 jobs in its life business services division in a bid to cut costs and improve flexibility.
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Philips pension arm Schootse Poort changes name
NETHERLANDS – Schootse Poort, the manager of Koninklijke Philips Electronics’ 12.5 billion euros in pension assets, has changed its name to Philips Pensions Competence Center.
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Dutch pre-pension move seen fostering fairness
NETHERLANDS – The ending of the Netherlands’ pre-pension system will foster actuarial fairness, the International Monetary Fund says.
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UK’s IMA rues failure to set up pan-Europe body
EUROPE – The chairman of the Investment Management Association, Lindsay Tomlinson, has expressed regret over the failure to set up a pan-European asset management body.
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Schroders names head of multi-asset solutions
UK - Schroders plc has named Curt Custard as head of multi-asset solutions, a new role.
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IPE-QUEST: Insurer tenders Chinese equities
EUROPE – A Continental European insurance company has tendered a 200 million-dollar active Chinese equities mandate via IPE-Quest.
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Credit Agricole Swiss relationship manager leaves
FRANCE - Credit Agricole Asset Management’s client relationship manager for Switzerland, Alain Barthel, is to join Morgan Stanley.
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F&C names head of new business services
EUROPE – F&C Management has named Alison McKnight as group head of new business services, a new role.
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Cerulli says asset managers hiring again
GLOBAL – Cerulli Associates says asset managers are starting to recruit again – though they are being “more strategic” in their choice of staff.
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Merrill: asset management business “important”
GLOBAL – Merrill Lynch has responded to press reports that it is planning to sell its Merrill Lynch Investment Managers arm with a statement that it sees asset management is an important business.
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Bank of Ireland asset mgmt chief named CEO
IRELAND - The chief executive of the Bank of Ireland’s Asset Management Services arm, Brian Goggin, has been named group chief executive after Mike Soden resigned last week.
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Merrill declines comment on NY Times report
GLOBAL – Merrill Lynch has declined to comment on a story in the New York Times saying it is “exploring the possibility” of selling a large stake in its investment management business.
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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.
