Asset Managers – Page 343
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Pension executive joins Janus as COO
US – Asset manager Janus Capital Group has named a US pension executive as its new chief operating officer and said it is still looking for a chief investment officer.
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Fund management consolidation inevitable - survey
EUROPE – Consolidation within the fund management industry looks inevitable given overcapacity and declining profitability - but difficulties may hinder mergers, say fund management executives surveyed by Mercer Oliver Wyman.
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New UK regulator to build pension database
UK – The successor to the Occupational Pensions Regulatory Authority is to build a comprehensive regulatory database of the UK’s 100,000 pension schemes.
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EAMA and FEFSI see merger by year-end
EUROPE – The European Asset Management Association and the Fédération Européenne des Fonds et Sociétés d’Investissement expect their merger to take place by the end of the year.
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American Express to buy Threadneedle for E482m
UK/SWITZERLAND/US – Zurich Financial Services is to sell its UK asset management subsidiary Threadneedle Investments to American Express Co.
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UBS sees UK pension assets growing rapidly
UK – UBS Global Asset Management reckons UK pension assets will grow to 1.4 trillion pounds (1.98 trillion euros) by the end of 2012 – saying there a number of trends that point to “rapid future growth”.
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Pension funds “natural” investors in German roads
GERMANY – Pension funds are “natural” investors in German road-building projects, according to a new report by Deutsche Bank – though it admits it may be hard to attract international institutions.
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Receiver KPMG backs UK pension proposals
UK – KPMG, which is acting as receiver at the failed ASW Holdings – whose pensioners have lost out following the winding up of its pension scheme – has backed the government’s plans to set up a pension protection fund.
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Fidelity tops poll of European fund managers
EUROPE – Fidelity Investment Services has been voted the leading pan-European fund management firm in the Thomson Extel survey.
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ABN AMRO offer euro-based global emerging bond fund
NETHERLANDS – ABN AMRO Asset Management today launched a global emerging markets bond fund for euro-denominated investors.
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Baring’s investment management chief departs
UK – The chief executive of Baring Asset Management’s investment management group, Peter Wolton, is to leave at the end of June.
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Report queries Petroleum Fund investment strategy
NORWAY – Norges Bank Investment Management’s short-term “trading” approach to the management of the 86.5 billion-euro Petroleum Fund is in contrast to a more conventional institutional approach, says a new report.
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Subadvisory growing among small European banks
EUROPE – European smaller banks are increasing their use of subadvisors in order to be able to offer a broader selection of investment funds, says consultants Cerulli Associates.
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AXA loses bond expert Bond to Threadneedle
UK – AXA Investment Managers’ head of corporate bonds, Simon Bond, will be leaving to join Threadneedle Asset Management.
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AP3 appoints Axa Rosenberg and Batterymarch for Euro325m briefs
SWEDEN – The third Swedish national pension fund, AP3, has appointed Axa Rosenberg Investment Management and Batterymarch Financial Management as managers of a US small and midcap equities portfolio.
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Europe's top 400 manager list - Changes at the top of e23trn market
EUROPE - There has been major changes at the top among Europe’s asset mangers, according to the Investment & Pension Europe survey of the top 400 players in the business, who between them handle some euro 22.6 trillion in assets. This figure is down from the euro 24 trillion recorded in last year’s survey.
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ADAM launches ‘new balanced’ approach for European institutions
EUROPE – The European asset management industry could well be moving away from traditional balanced portfolios to a new-type of balanced funds with elements of multi-management and specialisation, says Allianz Dresdner Asset Management (ADAM).
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ISIS hire specialist for insurance assets
UK – ISIS Asset Management has appointed Schroders’ Fahim Imam-Sadeque to build on its institutional insurance business as more insurers are beginning to outsource investment management activities.
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Commerz finds buyer for Italian AM operation
GERMANY/ITALY – Commerzbank has found a buyer for its Italian investment unit, and is also planning to expand Jupiter Asset Management’s activities in Germany.
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CSAM's chief investment officer Smith to leave in revamp
GLOBAL – Larry Smith is to leave his post as chief investment officer at Credit Suisse Asset Management after three years following yet another re-organisation by the company.
