Asset Managers – Page 324
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News
CDC says French SRI market grows to E4.4bn
FRANCE – A subsidiary of CDC has found that total assets in the French SRI market have risen to 4.4 billion euros – partly boosted by a 550 million-euro switch into SRI by BNP Paribas Asset Management.
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Russia: independent pension managers shunned
RUSSIA - Only two percent of Russian employees have chosen independent managers for their pension assets, prompting concerns over the country’s pension reform.
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CSAM says Swiss pension assets rise E7.7bn
SWITZERLAND – Credit Suisse Asset Management says its Swiss Pension Fund Index rose more than three percentage points in the fourth quarter, representing a rise in assets of around 12 billion Swiss francs (7.7 billion euros).
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Netherlands: Hermes hires ex-SPF CEO de Koning
NETHERLANDS - London-based pension fund manager Hermes has hired former Dutch railway pension fund executive Peter de Koning.
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Standard Life Investments names acting CEO
UK – Standard Life Investments has named its chief investment officer Keith Skeoch as acting chief executive following Sandy Crombie’s appointment as CEO of the parent company.
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Henderson European equities director Elwes leaves
UK – Ben Elwes, director of European equities at Henderson Global Investors, has left and been replaced by Andrew Koch from HSBC Asset Management.
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Mercer, Putnam revenues rise, says parent Marsh
GLOBAL – Marsh & McLennan says that revenues at its Mercer and Putnam subsidiaries rose by 17% and 18% in the fourth quarter.
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Isis to apply SRI to corporate bonds
EUROPE – Isis Asset Management says it will apply engagement methods to rate corporate bonds on socially responsible investing criteria.
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Metalektro hires Isis for SRI overlay
NETHERLANDS – The 14 billion-euro pension fund for the Dutch metals industry, Metalektro or PME, has appointed Isis Asset Management to manage a voting and socially responsible overlay programme.
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Hewitt’s Fitzpatrick queries consultant relations
GLOBAL – Nick Fitzpatrick, head of global investment consulting at Hewitt Associates, says investment managers will regret putting effort into consultant relations at the expense of client relations.
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PIMCO hires Bentley from Morley Fund Management
UK – Allianz’s PIMCO has hired Peter Bentley from Morley Fund Management as UK corporate bond portfolio manager.
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Jobs to go as Pioneer consolidates Czech arms
CZECH REPUBLIC - Pioneer Global Asset Management is to merge three of its four companies operating in the Czech Republic - with job losses estimated at “less than a hundred”.
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Britannic AM hires sales head for pension funds
UK - Britannic Asset Management says it has hired a former Baring and Mercer executive to head sales to pension funds.
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Pension funds plan “huge” hedge fund move – study
GLOBAL – Greenwich Associates says pension funds plan to put “huge amounts” into hedge funds – though transparency will become more of an issue.
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Denmark’s PKA awards US small-caps to Russell
DENMARK - The €9.7bn pension administration company Pensionskassernes Administration has awarded Russell a US small-cap equities mandate worth around $140m (€110m)
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OECD to launch pension supervisors association
EUROPE - The Paris-based Organisation for Economic Cooperation and Development's Private Pensions Working Party is to launch a new pension supervisors association in July.
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Ex-SGAM equities chief Taylor joins GAM
UK – Sean Taylor, the former head of global equities at SG Asset Management, has joined UBS unit GAM as investment director.
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BoNY eyes continued “strategic investments”
GLOBAL – The Bank of New York has dropped a hint about its future plans, saying it will continue to make “strategic investments”.
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FRR seeks transition broker, overlay manager
FRANCE – The 16 billion-euro French pension reserve fund says it is seeking a transition broker and an overlay manager.
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Janus hires former Citigroup AM exec Paitchel
GLOBAL – Janus Capital has hired former Citigroup Asset Management executive Jill Paitchel as president of its global arm, Janus International.
