Asset Managers – Page 365
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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).
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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.
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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.
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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 ...
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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.
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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.
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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.
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Morley beefs up institutional team with two hires
UK- Morley Fund Management has appointed two new heads within its institutional team. In a new role, Alistair Morrison will be heading up institutional business across the UK and Europe, and reporting to him will be Gordon Milne, head of client services. Both join Morley this month.
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Axa Rosenberg fills European CEO position
UK- Axa Rosenberg Investment Management has brought in Will Jump from its US office to take up the position as chief executive for Europe. Jump, who has been with Axa for twelve years most recently as its director of global product strategy, will report to the group’s overall chief executive ...
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Franklin hires Banz in Swiss institutional push
SWITZERLAND- Franklin Templeton Investments (FTI) has appointed Elzbieta Banz as marketing director for Switzerland in a bid to increase the size of its institutional business.
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AP3 completes €390m Far East manager search
SWEDEN – The SKr 130bn (€14bn) Third Swedish National Pension Fund, the AP3, has completed its asset manager search for Japanese and Asia Pacific (ex-Japan) equity mandates worth €390m with the appointment of Capital International, Shroders and JP Morgan Fleming Asset Management (JP Morgan) to its external manager roster.
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Scottish fund searches for specialist bond manager
UK- The Scottish Borders Council pension fund has put out to tender a new £44m (e69m) fixed-income specialist mandate. Between five and ten managers are expected to compete in the beauty contest, with a short-list anticipated by the end of September.
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Allianz hires Utermann as global CIO for equities
UK- Allianz Dresdner Asset Management (ADAM) has announced the appointment of Andreas Utermann who is joining the firm as global chief investment officer for its equity division.
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Baring AM gets approval to market funds in Denmark
DENMARK- Baring Asset Management has received regulatory approval to market 21 Irish-domiciled funds to the Danish institutional market.
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Deutsche AM names new head of Dutch operation
NETHERLANDS- Michel Alofs has replaced Gerard Roelofs as head of Deutsche Asset Management’s operations in the Netherlands after Roelofs left to spend more time with his family.
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Nordea shakes up asset management arrangement
DENMARK- Nordea Asset Management has announced it is centralising its European, US and global equity management in Copenhagen. At the same time it is centralising the management of Norwegian equities in Oslo while bringing its European fixed income operation to Copenhagen.
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ING reorganises asset management into regions
GLOBAL- ING Investment Management is to be introduced in ING’s regional businesses in the Americas, Asia/Pacific and Europe in a move that sees it rearranged along a regional basis.
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Deutsche AM's global CIO steps down
US- Global chief investment officer at Deutsche Asset Management Dean Barr is leaving after only three years with the bank in order to “pursue entrepreneurial opportunities outside the firm.”
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Sweden's AP2 drops 9.3% in six months to June
SWEDEN- Sweden’s second national fund AP2 has announced a first half decline in assets of 9.3% bringing the fund to Sek124.3bn (e13.6bn).
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Holdings in US fixed income up 50% in year to date
US- Holdings in fixed income in the US have already risen by more than 50% this year and now stand at $9.2trn according to a study of the institutional bond market by Greenwich Associates, the US research consultancy.
