Asset Managers – Page 344
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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.
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SWIP names head of Italian business
ITALY – Scottish Widows Investment Partnership has appointed Francesco Albano as its new head of Italian business development.
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HSBC says ageing is shaping financial services
UK – HSBC says population ageing is starting to shape the demand for financial services.
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RLAM’s equities chief Lawlor moves to Nomura
UK – The head of international equities at Royal London Asset Management, Philip Lawlor, is leaving to join Nomura International.
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SEI Investments names southern Europe chief
UK – SEI Investments is boosting its presence within southern Europe, with the appointment of Marco Zanuso as director of business development for the region.
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SG to combine asset management, private banking
FRANCE – Societe Generale has announced that it intends to bring its asset management and private banking operations closer together.
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Petroleum Fund rebalances benchmark portfolio
NORWAY – The 86.5 billion-euro Petroleum Fund has rebalanced its benchmark portfolio in a two-stage process that took place in February and March.
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Lucent’s Dutch fund ousts Schootse Poort, ABN Amro
NETHERLANDS – The incumbent managers at Lucent Technologies’ 450 million euro Dutch pension fund, Schootse Poort and ABN Amro, have been replaced in a shift to specialist managers.
