Asset Managers – Page 365
-
News
Vice chairman of Invesco announces retirement
UK- Invesco Asset Management, part of the US group Amvescap, has announced the retirement of its vice chairman Tristan Hillgarth at the end of the month.
-
News
T Rowe Price adds to its European team
EUROPE- T. Rowe Price Global Investment Services has added to its European team with the appointment of Christian Elsmark as a vice president with responsibilities across Europe for client services, sales, product specialisation and management.
-
News
Management fees in Europe set to fall
EUROPE- Average gross fees are expected to decline across Europe’s asset management industry at a rate of 2% a year over the next four years, according to consultant Oliver, Wyman and Company and UBS Warburg.
-
News
Funds to drive asset growth of 8% in Europe
EUROPE - Europe’s investment funds are driving growth in a shrinking global fund management industry, says Cerulli Associates, a London and Boston-based research and consulting firm.
-
News
FIM creates new global marketing role
BENELUX- Fortis Investment Management has appointed Patrick Van de Steen as head of marketing. Van de Steen assumes global responsibility for the marketing division, made up of over 70 staff worldwide, and will be based in Brussels.
-
News
Top asset manager changes at Julius Baer
SWITZERLAND - Julius Baer Group has appointed Veit Scuhen as its new head of asset management and investment funds. Prior to this, Schuhen was managing director at JP Morgan Fleming Asset Management responsible for funds business in Continental Europe, the Middle East and Latin America.
-
News
Manduca gains key European role at DeAM
EUROPE - Deutsche Asset Management has appointed Paul Manduca as CEO of Europe. Manduca will be responsible for DeAM’s European business and will report to Tom Hughes, global head of DeAM.
-
News
GAM in new multi-arbitrage fund of funds launch
UK- GAM, a business unit of UBS Warburg Global Asset Management, is to launch a multi-arbitrage fund later this month. The multi-manager fund of funds will invest across multiple arbitrage strategies aiming to achieve long-term capital appreciation with low volatility and low or no correlation to equity or bond markets.
-
News
European AM industry to see plummeting growth rate
EUROPE- Growth in revenues and assets under management is expected to slow rapidly in Europe over the coming four years according to a report out today by strategy consulting firm, Oliver, Wyman and Company, and UBS Warburg.
-
News
Dutch group SFB in third party business push
NETHERLANDS- SFB Groep, the e20bn Dutch outfit that oversees the Dutch builders’ pension assets, is pushing ahead with marketing itself as a third party provider of asset management and pension fund administration. The group has a five year strategy over which it intends to market its services to third parties ...
-
News
UBS hires Housden as client relationship manager
UK- UBS Global Asset Management has appointed Merrill Lynch’s Michael Housden as a managing director within the client portfolio management team, a role that makes him responsible for developing and maintaining client relationships in the UK and overseas.
-
News
Hermes launches European small cap fund
UK- Hermes, the independent investment manager, is launching a new active European smaller companies fund. The fund is being seeded by British Telecom pension scheme with more than £170m, and is in addition to the £2.4bn existing European equity funds managed by Hermes.
-
News
Merseyside fund tenders assets worth e3.2bn
UK- The £3bn Merseyside Pension Fund is looking for external managers to run several of its mandates totalling more than £2bn (e3.2bn). The departure of several key members of its investment team earlier this year is believed to be the catalyst, as fund management was previously carried out entirely in-house.
-
News
Multi manager IMS moves into Europe with S&P hire
UK- Multi-manager outfit, Investment Manager Selection (IMS), has marked its expansion into Europe with the appointment of David Furlong as its sales and client servicing director. Furlong becomes the latest in a line of people to join IMS from S&P Fund Research (now Standard & Poor’s Fund Services).
-
News
Commerz's merged AM division opens for business
GERMANY- Commerzbank’s merged asset management division has begun operating under the name of COMINVEST Asset Management.
-
News
ING outsources equity clearance to BoNY
GLOBAL- ING is to outsource its international cash equities clearance and settlements in London, New York, Hong Kong and Singapore to the Bank of New York in what is Europe’s largest broker-dealer outsourcing transaction.
-
News
Cazenove raids HSBC for UK & European managers
UK- Cazenove Fund Management has announced the appointment of five UK and European fund managers from HSBC Asset Management. Chris Rice, Steve Cordell, Julie Dean and Wade Pollard will join the Institutional pan-European equity team at the beginning of December. Tim Russell, who is to head the team, will join ...
-
News
JPMorgan AM names Bateman as new global CEO
US- JPMorgan Fleming Asset Management has promoted Paul Bateman to the position of chief executive officer worldwide. Previously Bateman was head of JP Morgan Fleming AM for Europe, Asia and Japan.
-
News
PGGM names new head of alternative investments
NETHERLANDS- PGGM, the e47bn pension fund for the health care and social work sector, has promoted its head of real estate Jan van der Vlist to oversee its alternative investments.
-
News
AIMA publishes hedge fund industry guide
EUROPE- AIMA, the Alternative Investment Management Association, and European hedge fund industry participants, led by Goldman Sachs, have published a guide advising Europe’s hedge fund managers how to adopt sound business practices and reduce the risks of costly mistakes.
