Asset Managers – Page 342
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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.
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Goldman Sachs asset mgmt revenues fall 9%
US – Revenues at Goldman Sachs’ asset management division fell nine percent in the second quarter.
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Ex-Watson Wyatt consultant joins Investit
UK - Former Watson Wyatt senior investment consultant Philip Robinson has joined specialist consultancy Investit in London to boost its strategic marketing and investment process practice.
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Report: 3,000 State Street staff seek redundancy
US – According to a newspaper report, 3,000 State Street employees have applied for voluntary redundancy under the bank’s cost-cutting plan.
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UK Pension Commission to report by summer 2005
UK – The new Pension Commission, set up by the government to review private pensions and long-term savings, plans to issue its first report in two years’ time.
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Northern Trust cuts 700 jobs to reduce costs
US – Northern Trust has cut 700 jobs as part of a drive to reduce annual operating expenses by 145-150 million dollars.
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State Street declines comment on Schwab report
US – State Street has declined to comment on a report that it is set to sell the wealth management arm of State Street Global Advisors to Charles Schwab.
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Glaswegian wins State Street Caledonian Challenge
UK - The organisers of the State Street Caledonian Challenge will know later this week how many of 1,620 who registered to walk the designated 54 mile stretch of the West Highland Way in a 24 hour period actually completed what is reckoned to be the country’s “premier endurance challenge”.
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Goldman Sachs AM loses E6.8bn in British Coal revamp
UK - The 10 billion pound (14 billion euro) British Coal Staff Superannuation Scheme has withdrawn 4.8 billion pounds (6.8 billion euros) from Goldman Sachs Asset Management -but says GSAM remains a "favoured manager".
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UK’s Buckinghamshire tenders bond, property brief
UK – Buckinghamshire County Council pension fund is tendering a bond and property mandate to the value of 110 million pounds (159 million euros).
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Robeco’s investment chief Jaap van Duijn to retire
NETHERLANDS – Robeco has named Marnix Vriezen as its new chief investment officer for Europe, replacing Jaap van Duijn who is retiring.
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AXA IM names global consultant relations head
UK – AXA Investment Managers has promoted Joanna Munro to head of UK institutional business development and head of global consultant relations and Nigel Loweth to head of UK institutional sales.
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Investment consultant named to AP2 board
SWEDEN – The government has named investment consultant Märtha Josefsson to the board of the 12.8 billion-euro second Swedish national fund Andra AP-fonden.
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Aegon Asset Management fixed income head leaves
UK – The head of fixed income at Aegon Asset Management UK, Malcolm Jones, has left the company.
