Asset Managers – Page 346
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News
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.
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Schroders in European property push
EUROPE – Schroders Property Investment Management is making a push into Europe, joining two European property associations, and adding one member to its team.
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European boost for Aon consulting revenue
EUROPE – Aon says its consulting revenue in the first quarter was boosted by good growth in Europe and the UK.
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Amex, Threadneedle decline comment on report
UK – American Express is reported to be close to finalising a deal to buy Threadneedle Investments – though all parties are declining comment.
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State Street to provide custody to Aon
IRELAND – State Street Corp. Dublin has been appointed to provide investment services to Aon Asset Management.
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AXA’s UK pensions arm names Evans CEO
UK – AXA Sun Life, the UK life and pensions arm of the AXA group, has appointed Paul Evans as chief executive, following the departure of Andy Haste.
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UK-US treaty “significant” for pension funds
UK – A new treaty between the UK and US on double taxation has been hailed as a “significant development” for pension funds by HSBC’s actuarial arm.
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Allianz’s PIMCO launches eight funds for Europe
EUROPE – PIMCO has launched eight new specialist pooled fixed income funds aimed at institutional investors across Europe.
