Asset Managers – Page 340
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Insight hires Schroders’ European research head
UK - Insight Investment has hired Schroder Investment Management’s head of pan-European research, Nick Anderson, to be its new head of equity research.
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Belgacom names four global equities managers
BELGIUM – The 3.3 billion-euro pension fund for telecoms operator Belgacom has appointed four managers to run a new international equity portfolio.
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AXA asset management revenues slip 12.3%
FRANCE/US – AXA Group’s asset management subsidiaries’ revenues declined by 12.3% over the first half of 2003.
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ISIS hit by shift from balanced mandates
UK - ISIS Asset Management says it has been hit by the trend away from balanced mandates.
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Morley ousts J P Morgan at National Grid fund
UK – The National Grid pension fund has appointed Morley Fund Management to run a 300 million-pound (424 million euro) fixed income mandate, resulting in a loss for J P Morgan Fleming Asset Management.
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Putnam hires J P Morgan bond researcher
EUROPE – Putnam Investments has hired Maria Garcia Lomas from J P Morgan for its European corporate bond research team.
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Mellon GSS hires two for Dublin fund operation
IRELAND – Mellon Financial has made two appointments in its Dublin-based asset servicing arm, Mellon Global Securities Services.
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Northern Trust hires State Street’s Chapman
UK – Northern Trust has appointed Paul Chapman as head of global fund services relationship management.
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Universal-Investment’s former MD Guhr dies
GERMAN Y – The former managing director of German asset manager Universal-Investment, Hans-Martin Guhr, has died at the age of 65.
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T. Rowe says well positioned for institutions
US - T. Rowe Price Group says it is well positioned for institutional investors following a 3.8% rise in profits.
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UBS GAM global investment chief to retire
GLOBAL – The global chief investment officer of UBS Global Asset Management, Jeffrey Diermeier, is to retire.
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LGIM profits rise 8.7% as assets rise
UK – First-half profits at Legal & General Investment Management have risen 8.7% - with assets under management going up to 123 billion pounds (173 billion euros).
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Mercer’s revenues rise 16% to $690m
US – Consulting firm Mercer has seen its quarterly revenues rise by 16% - though sister company Putnam Investments has posted lower revenues.
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TRW finds replacement for MacDougall
UK – TRW Investment Management has appointed Roisin Magee to replace managing director William MacDougall, who left abruptly earlier this year.
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Pioneer names German alternatives sales head
IRELAND – Germany’s proposed legislation on hedge funds of funds has led Pioneer Investments to bolster its alternative investment sales team for Germany and Austria.
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University offers asset management degree
UK – With reports that talent is leaving the asset management industry, Brunel University is offering a finance MSc degree specialising in the subject – the first of its kind in the UK with a work placement.
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HSBC AM names Lyne as institutional director
UK – HSBC Asset Management has appointed Julian Lyne as director of institutional business.
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Allianz’s Pimco names UK fixed income head
UK – Pimco has named Rothschild Asset Management’s Michael Amey as its new head of UK fixed income.
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ECB pension plan announces manager and custody tender
GERMANY – The European Central Bank is looking for investment managers and a custodian for its 70 million euro retirement plan.
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UBS GAM boosts European property team
EUROPE - UBS Global Asset Management has boosted its continental European real estate team with the recruitment of three executives from property firm Lend Lease.
