Asset Managers – Page 342
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Portuguese pension funds net buyers of equities
PORTUGAL – Pension funds in Portugal were net buyers of equities in the first quarter, according to new data from Watson Wyatt.
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Pioneer Alternatives opens London office
EUROPE - Pioneer Alternative Investments has opened a London office as part of an ambitious expansion plan.
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State Street says 3,100 take voluntary redundancy
US – State Street Corp. says that 3,100 of its employees have opted to take voluntary redundancy – more than it expected. A spokesman said the cuts would all be in the US.
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LGIM is largest UK pension fund manager - report
UK – Legal & General Investment Management is now the largest manager of pension fund assets in the UK, with 60.4 billion pounds (87 billion euros) under management, according to Hymans Robertson.
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ADAM names Luxembourg operating chief
LUXEMBOURG – Allianz Dresdner Asset Management Luxembourg’s new chief operating officer is Jean-Christoph Arntz.
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Staffordshire taps Goldman for asset allocation
UK – Staffordshire County Council has appointed Goldman Sachs Asset Management to run a 970 million pound (1.4 billion euro) asset allocation mandate for its pension fund. The total fund size is 1.3 billion pounds (1.9 billion euros).
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Credit Lyonnais AM to launch SRI subsidiary
FRANCE - Crédit Lyonnais Asset Management is to make a full-scale sortie into the arena of socially responsible investment with the launch of a new subsidiary called Integral Development Asset Management, or IDEAM.
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Baring AM’s Mantel leaves to start hedge fund
UK - European pensions expert Jan Mantel has left Baring Asset Management, where he was head of the UK and European equity team, to start his own hedge fund.
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European institutions shun consultants - poll
EUROPE – A new poll has found that 67% of European institutional investors do not employ the services of an external investment consultant.
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DeAM sets up transition management team
UK – Following demand from institutions, Deutsche Asset Management has set up a team dedicated to transition management.
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Cardiff tenders two mandates worth E158m
UK – Cardiff County Council in Wales is tendering two mandates for its pension fund valued at 109 million pounds (158.6 million euros).
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Credit Suisse AM UK bond director leaves
UK – Credit Suisse Asset Management’s director of UK fixed income, Kevin Adams, is to rejoin Henderson Global Investors.
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Edinburgh Fund Managers in bid talks
UK - Edinburgh Fund Managers has confirmed that it is reviewing its options and that it is in bid talks.
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Metalektro taps Goldman for E750m brief
NETHERLANDS – The 11.7 billion euro Pensioenfonds Metalektro has appointed Goldman Sachs Asset Management to manage a 750 million euro asset allocation and active currency mandate.
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Fusco takes on key Italian institutional role for ING
ITALY - Marco Fusco has been appointment as head of business development for the institutional business of ING Asset Management Italy..
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AP7 looks at e1bn active currency overlay strategy
SWEDEN – The Stockholm-based e2.9bn AP7 fund looks set to introduce an actively managed currency overlay strategy that could be worth up to e1bn next year, in the pursuit of greater outperformance.
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LODH beefs up fixed income team with hires
UK – The London-based asset management arm of Swiss firm Lombard Odier Darier Hentsch (LODH) has appointed Christine Farquhar to head up its fixed income division, as part of a move to boost its bond expertise in the UK.
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Sweden’s IPM expands First Quadrant venture
SWEDEN – Swedish investment strategy firm Informed Portfolio Management has expanded its European marketing deal with California-based First Quadrant.
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Fund Forum: open architecture a hot topic
FRANCE - Who cares about open architecture? Janus’s director of marketing Richard Garland certainly does and used the platform at Fund Forum to accuse third party platform distributors of ‘raping’ fund promoters.
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Fund Forum: FEFSI chief sees positive growth
FRANCE - FEFSI chairman Wolfgang Mansfeld is hopeful that the European funds industry can regulate itself and take something positive from the wave of recent criticism.
