Asset Managers – Page 349
-
News
Asset manager EIM to open Paris, Monaco offices
FRANCE – Specialist asset manager, EIM, is to open offices in Paris and Monaco in response to growing demand in those areas.
-
News
Asset manager Man Group restructures
UK – Man Group has restructured and rebranded, resulting in the creation of Man Investments, the new name for the asset management division specialising in alternative asset classes.
-
News
Koenig to quit Morgan Stanley in Frankfurt
GERMANY - Peter Koenig of Morgan Stanley’ institutional asset management team in Frankfurt is leaving after five years with the group. Koenig says that the decision was on a “mutually amicable basis”. He will be leaving at the end of June.
-
News
Merrill Lynch loses e136m William Hill mandate
UK – William Hill pension scheme has dropped Merrill Lynch as an asset manager in a switch to specialist managers.
-
News
Martin Currie in European hedge launch
UK – Edinburgh based fund manager Martin Currie says it expects to launch a new European hedge fund in June.
-
News
Deutsche Bank cuts pension return assumptions
GERMANY – Deutsche Bank has cut its expected long-term rate of return on its pension assets due to market conditions – and says further pension contributions might be needed.
-
News
Robeco says alternatives are “highly profitable”
NETHERLANDS – Dutch asset manager Robeco Groep says its alternative investments division was “highly profitable” in 2002.
-
News
UK teachers’ pension scheme in technology move
UK – The UK’s second largest pension fund, the Teachers Pension Scheme, is to get access to a range of mobile technology via an outsourcing deal with services firm Capita Group.
-
News
Italy's Fazio bemoans lack of professionalism
ITALY – The Governor of the Bank of Italy has called for “greater professionalism” among the Italian investment management community.
-
News
Gartmore loses out as Torfaen names managers
UK – Torfaen County Council in Wales has appointed managers for four mandates totalling 590 million pounds (869.7 million euros) for its Greater Gwent Pension Fund, resulting in a loss of a UK equity mandate for Gartmore.
-
News
Italy’s Mediolanum profits fall 21%
ITALY – Italian asset manager and insurer Mediolanum saw its net profit fall 21% in 2002.
-
News
PGGM and USS in emerging markets drugs plea
EUROPE – Dutch healthcare and social services pension fund PGGM and the UK’s Universities Superannuation Scheme education fund are among 12 institutions calling on drugs firms to make medicines more accessible in emerging markets.
-
News
HSBC Asset Management hires AXA investment chief
UK – The global chief investment officer of AXA Investment Managers, Chris Cheetham, has left to take up the same role at HSBC Asset Management.
-
News
J P Morgan wins $12bn ISIS custody mandate
UK – J P Morgan Investor Services has won a 12 billion dollar custody mandate from ISIS Asset Management.
-
News
Deutsche hires ex-Invesco investment chief
UK – Deutsche Asset Management has appointed the former deputy chief investment officer of Invesco Asset Management, Bill Barron, as head of global research.
-
News
Asset managers “not voicing concerns
GERMANY – Klaus Moessle, president of the European Asset Management Association, has criticised asset managers for not voicing concerns about asset allocation with their pension fund clients.
-
News
Fortis Investment Management in Luxembourg move
LUXEMBOURG – Fortis Investment Management has set up shop in Luxembourg, having taken over the fund of funds asset management activities of Bank Generale du Luxembourg.
-
News
Seymour Pierce in asset management talks
UK – Financial services firm Seymour Pierce says it is in “advanced talks” to sell its asset management division, Pavilion Asset Management.
-
News
Insight wins e44.5m Church bond mandate
UK – Insight Investment has been appointed to run a 30 million pound (44.5 million euro) bond mandate for the Church of England pension fund.
-
News
GMO wins three emerging markets mandates
EUROPE – US-based asset manager GMO says it has won three emerging markets mandates in Europe worth 104 million pounds (153 million euros).
