Asset Managers – Page 335
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News
Union Bancaire Privée outsources E5.5bn to EFA
SWITZERLAND – Swiss private bank Union Bancaire Privée has decided to outsource its fund administration to Luxembourg-based European Fund Administration.
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Inflows to German investment funds halve
GERMANY – Investments into German investment funds dropped by half in August to 1.6 billion euros, according to the latest data from the BVI, Bundesverband Investment und Asset Management.
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Hermes boosts private equity team
UK – Hermes’ private equity arm has hired an investment director from CVC Capital Partners.
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Aberdeen Asset Management sells AVI
UK – Aberdeen Asset Management has decided to sell its Asset Value Investors subsidiary to its management.
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Gartmore in hedge fund tie with Aspect Capital
UK – Gartmore is expanding its hedge fund business by forming an alliance with Aspect Capital, a global hedge fund company.
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Dexia’s assets under management rise 8.1%
BENELUX – Franco-Belgian bank Dexia has reported positive first-half results for its institutional asset management business, with an increase in assets under management in the Netherlands of 8.1%.
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French reserve fund tender closed
FRANCE – Applications for the 27 mandates for the 16 billion-euro French National Retirement Reserve Fund closed at noon today.
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Aberdeen’s property arm names new Europe head
UK – Aberdeen Property Investors has appointed Paul Aggett to oversee its Nordic, UK and continental European divisions - essentially taking the role of chairman Iain Reid.
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Schroder IM reshuffles management
UK – Schroder Investment Management has reshuffled its senior positions with the head of equities, Michael Pignatelli, taking a more hands-on role in managing money.
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Devon pension scheme investment chief to retire
UK – Ian Faulkner, investment manager of the 2.1 billion-pound (2.99 billion-euro) Devon County Council Pension Fund, is to retire next year.
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Matheson pension plan opts for Russell
UK – The Matheson Group Pension Plan has awarded a 20 million-pound (28.5 million-euro) multi-manager mandate to Russell.
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Siemens sets up Luxembourg pension plan
LUXEMBOURG – German industrial group Siemens has launched an international pensions plan for its Luxembourg based employees.
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UBS and others unveil new Swiss pension product
SWITZERLAND – A group including UBS’s asset management arm is to launch pension fund provision for small and medium-sized Swiss companies to compete with insurers.
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Russia authorises 55 pension fund managers
RUSSIA – The Russian government has authorised 55 private asset managers to run pension fund money as part of the new reforms, but financial benefits for the managers will not be seen for some time, says the head of one of the winning firms.
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Surrey scheme considers core-satellite approach
UK – Surrey County Council’s 950 million-pound (1.35 billion-euro) pension fund is reviewing the services and management of the scheme, and is considering a series of mandates.
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AP3 names European small/mid-cap managers
SWEDEN – The 129.7 billion Swedish-crown (14 billion-euro) Swedish national pension fund AP3 has made a 291 million-euro move into European small and mid-cap equities with the appointment of four investment managers.
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Retirement age the hot topic at CERP conference
ITALY – The age of retirement in Europe is the focus of a forthcoming conference organised by Italy’s Center for Research on Pensions and Welfare Policies, or CERP.
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Société Générale names deputy CEO at SGAM
FRANCE – Société Générale has named Alain Clot as deputy to SG Asset Management chairman and chief executive Philippe Collas.
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Job cuts inevitable as Aberdeen buys EFM
UK – Aberdeen Asset Management has confirmed that it is buying Edinburgh Fund Managers for 36 million pounds (51.8 million euros).
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ING targets pension funds with property fund
UK - ING Real Estate Investment Management is targeting pension funds with a new property fund of funds.
