Asset Managers – Page 353
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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Mercer launches specialist manager platform in Ireland
IRELAND – Mercer Investment Consulting has launched a new product allowing smaller Irish pension funds access to international investment managers.
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Morley fixed income chief leaves for rival
UK – The head of fixed income at Morley Fund Management, Peter Rains, has left and is being replaced by Ceris Williams.
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Sarasin buys French fund manager
SWITZERLAND/FRANCE – Swiss private bank Bank Sarasin is expanding its fund activities in France with the acquisition of Paris-based asset management company Expertise Asset Management.
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T Rowe Price to open Amsterdam office
NETHERLANDS - US asset management firm T Rowe Price is set to open a new institutional sales office in Amsterdam in the coming months as a springboard to marketing its products to Dutch institutional clients.
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Watson Wyatt hires Friends Ivory equities head
UK – Pensions consultancy form Watson Wyatt has hired the head of global equities from Friends Ivory & Sime to be a senior consultant in the UK.
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Gartmore hires top execs for hedge fund
UK – Asset manager Gartmore has hired senior executives from Goldman Sachs and UBS to help run a new hedge fund.
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Northern Trust names risk management head
US – Northern Trust has made a series of management changes, including the creation of a new corporate risk management post.
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State Street hires ING wealth management chief
US – State Street Corp. has hired the chief operating officer of Dutch bank ING’s US wealth management business.
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Multi-management to hit consultants, managers
UK - The increasing appeal of multi-managers will have an effect on both the UK consulting industry and the investment management industry, according to investment firms Frank Russell and Morgan Stanley.
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Standard Life targets European bond dominance
UK – Standard Life Investments has hired Graeme Orr from Citigroup as fixed interest investment director as part of its aim of becoming a dominant player in European and global bonds.
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French bank merger approved
FRANCE – Regulators have approved Credit Agricole's 16-billion euro offer for rival Credit Lyonnais.
