Asset Managers – Page 368
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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.
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Fund of funds to overtake MoM market by 2007
EUROPE – The retail funds-of-funds market will overtake the manager-of-manager business in Europe by 2007, taking 67% of market share as opposed to 47% in 2001, says research firm, Cerulli Associates, though the manager-of-manager business will see concentrated growth in the UK among institutional investors.
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Iceland's Kaupthing launches multi-employer Assep
LUXEMBOURG- The Swiss arm of Icelandic financial services provider Kaupthing Bank has received regulatory approval for Luxembourg’s first multi-employer Assep. The new defined contribution fund, KBridge, aims to attract expatriates working for large multinationals.
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Northern Trust in European pensions drive
UK – London-based Northern Trust Global Investments (Europe) has appointed Keith White as director of European sales with a particular mandate to expand the company’s relationships with continental pension funds.
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Credit Agricole picks up e740m Italian mandate
ITALY- Italian insurance company Po Vita has awarded Credit Agricole Group’s Italian asset management company a balanced mandate worth e740m to oversee its technical reserves.
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DKW raids Deutsche's securities lending team
UK/US– Dresdner Kleinwort Wasserstein (DKW) has poached four more members of Deutsche Bank’s agency securities lending team in order to build up its own new securities lending division.
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State Street wins $45bn custody from Nuveen
US– Chicago-based mutual fund and asset management company Nuveen Investments has appointed Boston-based financial services group, State Street Corporation, to provide custody and accounting services for 130 of its funds, worth collectively some $45bn (€44.7bn).
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Skandia raids AP1 and AP3 for asset managers
SWEDEN – Stockholm-based Skandia Liv Kapitalförvaltning, the asset management division of banking group Skandia, has appointed Bo Ljunglöf as a portfolio strategist and Kristian Nammack as head of external asset management.
