Asset Managers – Page 337
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News
UK’s SWIP names Phillips as chief executive
UK – Scottish Widows Investment Partnership, or SWIP, has appointed Chris Phillips as chief executive.
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Edinburgh Fund Managers “close to sale”
UK – Edinburgh Fund Managers is believed to be nearing an agreement regarding its sale.
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PGGM spends E30m to hedge against inflation
NETHERLANDS – The 48 billion-euro Dutch healthcare pension fund PGGM has spent 30 million euros to hedge its pension commitments against inflation.
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Italy the focus at European pension summit
ITALY – Italy is one of the main topics – alongside the pension fund directive – to be covered at the forthcoming European Pension Schemes Summit in Rome next month.
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Sweden’s AP2 names new head of equities
SWEDEN – Andra AP-fonden, the second Swedish national pension fund, has hired Nordea Investment Management’s Poul Albaek Winslöw as its new head of equities.
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Watson’s Pickering to discuss consultants
UK – Watson Wyatt partner Alan Pickering is to discuss the role of pension consultants at a conference in London in October.
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Fortis Investments hit by institutional outflows
BELGIUM – Asset management profits and revenues at Fortis fell in the first half of this year – hit by net outflows of institutional clients.
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AP4 not satisfied with performance vs. benchmark
SWEDEN – The fourth national pension fund Fjarde AP-fonden, or AP4, says its performance against its benchmark in the first half of the year was “unsatisfactory”.
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Ex-MN Services sales head sets up consultancy
NETHERLANDS – The former head of sales and marketing at MN Services, Marion Verheul, has set up her own pensions consulting firm.
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Russian electric pension fund taps Pallada
RUSSIA – The 1.9 billion-rouble (57.1 million-euro) pension fund of Russia’s electric power industry has awarded an active mandate to Pallada Asset Management.
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Pictet Asset Management hires Gartmore’s Steele
EUROPE – Pictet Asset Management has hired Ann Steele from Gartmore as senior investment manager and head of European equity portfolio construction.
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KBC Asset Management CEO Caldwell to retire
EUROPE – The founder and chief executive of KBC Asset Management, Gavin Caldwell, is to retire and be replaced by Sean Hawkshaw.
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Petroleum Fund gives fixed income custody to Citibank
NORWAY – The Petroleum Fund says it has entered a global custody agreement for fixed income instruments with Citibank.
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Constellation launches global benchmarks
GLOBAL – Investment management firm Constellation Capital Management is to launch a set of global benchmarks aimed at helping pension fund trustees.
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State Street names UK consultant relations head
UK – State Street has named Yvonne Franklin to head consultant relations in the UK.
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J P Morgan Investor Services hires sales execs
EUROPE - J P Morgan Investor Services has named two new London-based sales executives to cover Benelux, Germany, Austria and Switzerland.
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J P Morgan sets up Master KAG in Germany
GERMANY – J P Morgan Chase is expanding its business in Germany by splitting its administration and asset management business and creating a Master KAG.
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Allianz Leben says non-Riester business strong
GERMANY – Allianz Leben has reported a strong performance in its pensions business in the first half as a growing number of people are turning to private pension schemes, but Riester pensions are still “disappointing”.
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E.ON pension fund taps MLIM for small-caps
UK/GERMANY – The pension fund of German energy company E.ON has appointed Merrill Lynch Investment Managers to run a European small-cap equity mandate.
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Nordea says hit by “major” mandate loss
SWEDEN – Nordea’s asset management division has been hit by the loss of a “major” institutional mandate.
