Asset Managers – Page 367
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News
European equity outflows highest since September
EUROPE– Investors in Europe are selling off their European equity holdings because of the recent sharp declines in the stock markets, according to the latest European fund flow research published by Schroder Salomon Smith Barney (SSSB). The aggregate outflow for June reached €2.1bn, the largest since last September, when a ...
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Nestor joins Citi as European institutional head
UK- Henderson Global Investors’ director of institutional marketing John Nestor is leaving to take up a position as head of Citigroup Asset Management’s institutional business in Europe.
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AFG-ASFFI urges French government to reform tax
FRANCE – The French asset management association, the Paris-based AFG-ASFFI, has called on the government to reform the tax system to encourage people to save more and to set up a new regulatory body to ensure the continued growth of the asset management and pensions industry in France.
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IPE launches new international recruitment service
GLOBAL- The publishers of Investment & Pensions Europe magazine (IPE) and sister news service IPE-Newsline.com have launched a new international recruitment service.
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CSAM appoints Mellon for third party admin
UK – Credit Suisse Asset Management (CSAM) has appointed Mellon European Fund Services, the London-based fund administration arm of Mellon Financial Corporation, as third party administrator for the funds it acquired from Sun Life of Canada (SLC) last year. The funds are worth some £2.5bn (€4bn).
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DeAM gives ten reasons to go out and buy equities
GLOBAL – Despite continued market weakness and investor caution, the time is right for investors to begin increasing their exposure to equities, says Deutsche Asset Management (DeAM)...
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Gartmore hires Burvill to run UK equity income
UK – London-based investment management group, Gartmore, has appointed Chris Burvill as head and lead fund manager of UK equity income. He will report to Jon Thornton, head of UK equities.
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Watson Wyatt hires First Quadrant's Robert Brown
UK- Consultant Watson Wyatt has appointed Robert Brown from First Quadrant as a senior consultant in its investment practice.
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Fixed income ETFs due in Europe after US launch
EUROPE/US – The New York Stock Exchange (NYSE) has issued the world’s first fixed income exchange traded funds (ETFs) but a spokeswoman for Morgan Stanley in London says foreign investors would do better to leave the four new funds alone.
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Morley beefs up UK institutional team
UK - Morley Fund Management has beefed up its UK institutional team with the appointment of Angela Campbell as a consultant sales director and Andrew Richmond as a client relationship manager.
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FIS names new expanded institutional team
UK – London-based asset management group, Friends Ivory & Sime (FIS), has announced its new enlarged institutional management team. Though there is no change to the company’s strategy, FIS hopes to penetrate the institutional insurance market as well as build on its institutional pension fund client base.
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Frank Russell adds two to multi-manager complex
IRELAND/UK – Washington-based investment services firm, Frank Russell Company, has appointed two new managers to its150+ Dublin-domiciled multi-manager investment funds.
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Ahto joins PIMCO in London from Deustche
UK/EUROPE – California-based fixed income management company, PIMCO, has appointed Laura Ahto as senior vice president and head of operations and administration to its London office.
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UK � London based global equity management group
UK – London based global equity management group, Axa Rosenberg Investment Management, has appointed Stephen Millar as new head of UK sales. Millar has a specific mandate to bring in new institutional clients.
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Unigestion make senior moves in London and Geneva
SWITZERLAND/UK – Geneva-based alternative investment management group, Unigestion, has made three senior appointments to its teams in London and Geneva.
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Risk is key investor concern in manager selection
EUROPE – Risk control is now the most important factor investors consider when employing external asset managers, according to the latest Invesco annual survey of European institutional investors and their markets. In sharp contrast, risk control didn’t even figure in the top six factors in 2000.
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Gartmore converts funds to OIECs for Europe drive
UK – London-based asset management group, Gartmore is to convert its range of 46 unit trusts worth collectively £6.1bn (€9.7bn) into four open-ended investment companies (OEICs) from the end of August.
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Fortune AM beefs up marketing team
UK– London-based alternative asset management group, Fortune Asset Management, has appointed Peter Arkell and John McDonald as directors within its marketing team in London.
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EFM picks Marlborough for pensions administration
UK- Edinburgh Fund Managers (EFM) has appointed Marlborough Stirling, the software provider and consultant, to supply administration for its Edinburgh Portfolio Pension plans.
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FSA to investigate short-selling
UK – The Financial Services Authority (FSA) has called for greater disclosure among hedge funds ‘selling short’, amid criticism in the industry that the practice is having a detrimental effect on already-depressed markets.
