Asset Managers – Page 374
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Deutsche and Amvescap strike distribution deal
GERMANY/UK- Deutsche Bank and Amvescap’s Invesco have announced an alliance in which Deutsche will distribute Invesco’s products to its client base.
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Rothschild launches UK corporate bond fund
UK – London-based Rothschild Asset Management has launched a new UK corporate bond fund as part of its institutional pooled fund range. The new fund will have an initial value of £37.5m (€61.2m) and is part of its Five Arrows open-ended investment company (OEIC) fund range.
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Wilding to replace Piermay at EURACS
NETHERLANDS- The European Actuarial Consulting Services (EURACS) has appointed Danny Wilding of Barnett Waddingham as chairman to succeed Dominique Piermay of Fixage following the actuarial company's decision to leave and join the consulting network Milliman Global.
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UK budget is bad news for property investors
UK – Changes to stamp duty on commercial property announced in chancellor Gordon Brown’s budget will lead to growth in the property unit trust market according to Tim Bell, director of property at F&C Management in London.
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CDC IXIS loses head of European equities to Fortis
FRANCE – French investment management group, CDC IXIS Asset Management in Paris has lost its head of European equities, Gilles Meshaka, as well as three members of his team, Sadri Tamarat, Laurent Jacquier-Laforge and Pierre-Alain Labat. All four are reportedly moving to rival asset manager, Fortis Investment Management, as part ...
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Brainpower and Lipper sign data agreement
GLOBAL- Neuer Markt-quoted Brainpower, provider of investment analysis software, has announced a global agreement with fund information company Lipper to offer its mutual fund data for the UK, European, US and Asian markets integrated with Brainpower's various analytical tools.
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Credit Agricole adds to its Benelux operation
BELGIUM- Credit Agricole Asset Management is adding to its Brussels office with the appointment of Sandra Lequime as senior client relationship manager. She joins from State Street Global Advisors in Brussels where she was in charge of sales and client servicing for large Dutch pension funds.
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UBS Capital partners launch PE exit strategy group
UK- Five partners in the UK team of UBS Capital, the private equity company formerly known as Phildrew Ventures, have launched a new entity IRRfc specialising in taking on the management of institutional investors’ unwanted private equity holdings. IRRfc will focus exclusively on exit strategies and will not be making ...
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Boots buys £200m of inflation-linked assets
UK- Boots’ £2.4bn pension fund has purchased £200m worth of inflation-linked investments in a bid to improve the match between assets and liabilities. The purchase follows the fund’s decision last October to sell its entire equity holdings and move the proceeds into fixed income. At the time critics said the ...
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Fortis and SAMS form risk analysis joint venture
BENELUX- Fortis Investment Bank and software provider Strategic Asset Management Solutions (SAMS) have launched a joint venture offering Benelux clients bespoke performance attribution, risk measurement and analysis.
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Rothschild poaches Milton from Baring AM
UK – Rothschild Asset Management has appointed Ian Milton as assistant director and head of European institutional business development. Milton joins Rothschild from Baring Asset Management where he was regional team head in the continental European sales and client service team.
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Franklin Templeton beefs up FTI Institutional
UK- Franklin Templeton Investments is expanding FTI Institutional, its London-based marketing and client servicing division, with four new appointments. Peter Escott has been moved from manager of international marketing services to manager of UK Institutional Sales. Escott is tasked with building consultant and market awareness of Templeton’s global equity exempt ...
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Stamford picks Morris for multi-manager products
UK – Independent consultancy firm Stamford Associates has appointed Neil Morris as head of business development and client services for multi-manager products.
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Style Research opens up in America
US/UK- London-based style analytics firm Style Research (SR) has set up operations in the US to develop the North American market. “We have a number of clients already in the US and Canada and a number of business partners, with whom we want to develop additional services,” says Robert Schwob, ...
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Mercer IC prepares to re-open Stockholm office
UK/NORDIC- Mercer Investment Consulting has appointed Hanne Hother as a senior investment consultant for the Nordic region. Based in London, she will develop the investment consulting services in Sweden, Denmark, Norway and Finland.
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Martin Currie poaches SG head of European equities
UK- SG Asset Management’s head of European equities Dino Fuschillo is leaving to join Edinburgh-based Martin Currie as a director. In the new role he is responsible for European products and will report to chief investment officer James Fairweather. Prior to his four years at SG Asset Management he spent ...
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Zurich completes purchase of Deutscher Herold
SWITZERLAND/GERMANY- Zurich Financial Services has completed the e1bn, 75.9% acquisition of the insurance holdings of Deutsche Bank including the Deutscher Herold Group, Bonnfinanz, and DGV.
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BNP Paribas hires Lespinard as global CIO
FRANCE- BNP Paribas Asset Management has hired Philippe Lespinard as its first global chief investment officer. He will be responsible for the research and active management activities of BNP Paribas AM in equity, fixed income and balanced accounts worldwide.
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CalPERS shortlists seven for $4.1bn equity fund
US – The $172.5bn (€196.3bn) Californian state public workers’ pension fund, CalPERS, has short-listed seven asset management firms to take care of the fund’s $4.1bn domestic growth equity fund.
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Mercers IC business development head moves to TGM
UK- The recently re-named Mercer Human Resource Consulting has lost its investment consulting head of marketing and business development David Tucker to a similar role at TGM Asset Management in London. TGM started life in 1997 as a tactical asset allocation manager but has since moved into currency overlay and ...
