Asset Managers – Page 345
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Guinness pension fund appoints Morgan Stanley
IRELAND – The 1.2 billion euro Guinness Ireland group pensions scheme has appointed Morgan Stanley Investment Managers to run an 110 million euro European fixed income mandate.
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UK’s Surrey Council looking for custodian
UK – Surrey county council is looking for a global custodian for its 850 million pound pension fund following Deutsche Bank’s exit from the custody market.
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ISIS Asset Management discloses voting record
UK - ISIS Asset Management has brought out into the open its shareholder voting policy on behalf of its clients.
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ING’s institutional assets under management fall
NETHERLANDS – Institutional assets under management at Dutch banking and insurance group ING have fallen 1.6%.
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Asset managers “need louder voice at Brussels”
EUROPE – The outgoing head of the UK’s asset management trade association says there is a lack of understanding of the industry at the European policy level.
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Cross-border property investing on the rise
GERMANY - Cross-border investing in property by institutions is becoming more popular and investors should be looking at forming a regional rather than a domestic strategy – that’s the message from the IPD property conference in Wiesbaden.
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German pension accounting under review
GERMANY – A new accounting standard is set to have a major impact on the German pension system, says consultancy firm Hoefer.
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UBS asset management profit rises 29%
SWITZERLAND – Swiss bank UBS has seen pre-tax profits at its asset management arm rise 29%.
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Reuters, Barra in asset management tie-up
UK – Information group Reuters has teamed up with US-based Barra to provide risk-management tools to asset managers.
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Merrill Lynch Investment Managers settles pension case
UK – Merrill Lynch Investment Managers has settled a legal dispute with the 2.1 billion pound (2.9 billion euro) pension scheme of the Co-operative Group.
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New European property investment body to launch
EUROPE – A new pan-European body for investors in non-listed real estate is to launch next week which hopes to tackle the issues arising in the growing market.
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DeAM hires Hindle Fisher from UBS
UK - Deutsche Asset Management, the second largest manager of European pension assets, has hired the former UK head of UBS Asset Management.
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Goldman Sachs AM boosts European management
EUROPE – Goldman Sachs Asset Management has made several new appointments aimed at boosting its European institutional sales and marketing.
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Watson Wyatt sees international boost
US – Watson Wyatt & Co. says it expects revenues from its international operations to rise by around 10% in 2003.
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UK’s Greenwich Council awards five mandates
UK – Greenwich Council’s 450 million pound pension fund has dished out five new mandates following a change of strategy, and a loss for Schroders Investment Management.
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Credit Agricole wins KLM emerging market mandate
NETHERLANDS/FRANCE – Blue Sky Group, manager of the 6.5 billion euro pension fund of Dutch airline KLM, has appointed Credit Agricole Asset Management to run a global emerging market equity mandate.
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Northern Trust hires Martin Currie’s Sagraves
UK – Northern Trust Global Investments has hired Barry Sagraves from Martin Currie to head its European investment business.
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CSAM assets under management down 1.8%
SWITZERLAND – Assets under management at Credit Suisse Asset Management, the fourth largest manager of European pension fund assets, have declined by 1.8%.
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ING, BoNY launch European custody alliance
EUROPE – Dutch bank ING has launched its previously announced European global custody services alliance with Bank of New York.
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SWIP hires ex-RSA global funds head
UK - Scottish Widows Investment Partnership has hired former Royal & Sun Alliance global funds head Tim Scholefield as head of international research and global sectors.
