Asset Managers – Page 323
-
News
T. Rowe Price European assets rise to E3.4bn
EUROPE – US-based asset manager T. Rowe Price says its assets under management in Europe have risen to 4.4 billion dollars (3.4 billion euros) at the end of 2003.
-
News
Devon fund awards E678m to UBS, State Street
UK – The 1.2 billion-pound (1.8 billion-euro) Devon County Council Pension Fund has awarded 230 million-pound index-tracking mandates to both UBS and State Street.
-
News
BGI co-CEO sees big boost for liability matching
UK – The co-chief executive of Barclays Global Investors, Andrew Skirton, says he sees a move in the “tens of billions” towards liability matching.
-
News
CSAM reports E1.5bn asset outflow in Q4
SWITZERLAND – Credit Suisse Asset Management has recorded a 2.4 billion Swiss-franc (1.5 billion-euro) net outflow of assets in the fourth quarter.
-
News
Northern Trust hires Threadneedle’s Winkle
UK - Asset manager Northern Trust Global Investments has appointed a product manager from Threadneedle Investments to expand its quantitative management solutions.
-
News
Threadneedle names Gresser as alternatives head
UK – Threadneedle Investments has named Lorin Gresser as head of its alternative investments business.
-
News
InterSec says Swiss pension funds return 9%
SWITZERLAND – Performance measurement firm InterSec says Swiss pension fund portfolios rose nine percent in 2003 and three percent in the fourth quarter.
-
News
IPE Awards to be held in Zurich in November
EUROPE - IPE has announced the IPE Awards 2004 will be held in Switzerland at Zurich’s Kongresshaus on November 30.
-
News
CIOs see 32% rise in hedge fund assets
EUROPE – The chief investment officers at European and US investment managers expect a 32% rise in hedge fund assets under management in the next year, according to a new survey.
-
News
SSGA wins E542m Philips passive mandate
UK – The three billion-euro Philips UK Pension Fund has awarded State Street Global Advisors a passive equity mandate worth 370 million pounds (542 million euros).
-
News
Covip satisfied with new regulatory proposals
ITALY – Pension regulator Covip has expressed satisfaction with the government’s new plan to set up an authority for the protection of savers and investors that, contrary to previous hints, will not see Covip submerged.
-
News
AP3 fires Schroders from Japanese equity brief
SWEDEN – AP3 has fired Schroder Investment Management from managing around 200 million euros in Japanese equities - though the UK asset manager will remain in the fund's manager pool.
-
News
BoNY names new pension fund relationship head
EUROPE – The Bank of New York has named a new head of relationship management for pension funds in the UK and Europe.
-
News
Invesco buys stake in HVB real estate arm
EUROPE - Invesco Real Estate has bought around a 75% stake in the 3.5 billion-euro institutional real estate investment arm of Germany’s Hypovereinsbank (HVB) in a deal believed to be worth between 30-50 million euros.
-
News
ABN Amro sees “major opportunity” in asset mgmt
NETHERLANDS – ABN Amro says it sees a “major opportunity” in investment management, although profits at its asset management unit fell by more than five percent in 2003.
-
News
Mercer’s Hobart, Bastin transfer to Oliver Wyman
UK – Julia Hobart and Denis Bastin have transferred from Mercer Investment Consulting to sister company Mercer Oliver Wyman.
-
News
SocGen sets up global investor services arm
FRANCE – Société Générale says it has set up a new investor services division headed by former its former global banking chief.
-
News
Henderson, UBS under scrutiny as Warwick revamps
UK - Warwickshire County Council‘s 660 million-pound (966 million-euro) pension scheme is restructuring - looking for new asset managers and a single global custodian.
-
News
UK's Lincoln awards global custody to J P Morgan
UK - The 650 million-pound (952.1 billion-euro) pension fund of Lincolnshire County Council has awarded a global custody mandate to J P Morgan Investor Services.
-
News
Fonchim re-tenders after “insufficient” response
ITALY- The 800 million-euro Italian pension scheme for chemical workers, Fonchim, has re-tendered five mandates.
