Asset Managers – Page 376
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Credit Suisse rebrands Sun Life Financial business
UK- Credit Suisse Asset Management is rebranding the three Sun Life Financial Asset Management companies it acquired last December.
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SEB names new head of investment management
SWEDEN – Stockholm-based SEB Asset Management has appointed Johan Magnusson as head of investment management, with effect from May.
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Managers could do more to change costs, say Mercer
UK – Many large fund management companies in the UK are not measuring their ability to obtain the best prices when buy and selling shares for their pension fund clients, says Piers Bertlin, European partner at consultancy firm William M Mercer.
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Schemes' UK equity holdings lowest since 1983
UK- Holdings in domestic equities by UK pension funds has fallen below 50% for the first time since 1983 according to the 2001 Russell/Mellon CAPS pension fund survey. The 1651 UK funds surveyed by Russell/Mellon held an average of 47.4% of their assets in UK equities, down from 51%at the ...
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Watson Wyatt is as one of UK’s100 visionary firms
UK – Actuarial, investment and employee benefits consultancy, Watson Wyatt has been acclaimed a "visionary organisation" by the BT Vision 100 research and awards programme for 2002.
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Robeco restructures mid-caps to suit investors
NETHERLANDS – Rotterdam-based asset management group, Robeco, has amalgamated its Dutch and Euroland mid-cap funds and merged them into the Robeco European mid-caps fund to allow investors greater access to the Swiss and UK markets, Europe’s dominant mid-cap countries.
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Goldmans poach Langensjö from Wassum
UK/SCANDINAVIA – Goldman Sachs Asset Management has appointed Mats Langensjö as executive director in charge of its Scandinavian institutional business development.
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UK funds will not meet two year Myners deadline
UK - The issues surrounding the costs the UK pension fund industry pays its fund managers and the problems of shareholder activism, as highlighted by the Myners' review, will not be resolved by next March, the end of the two-year period the government gave the industry to comply with the ...
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NAPF introduces new code for greater transparency
UK- The National Association of Pension Funds and Investment Management Association have introduced a transactions code in direct response to the recommendation in the Myners review that pension funds should look more closely at the commissions and costs they pay.
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Siparex launches four French venture funds
FRANCE- Siparex Ventures, the venture capital arm of France’s Siparex Group, has launched four so-called ‘Innovation’ funds for customers of Crédit Agricole, SanPaolo IMI, Oddo Asset Management and Financiere Meeschaert.
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Schroders names new head for Sweden and Finland
SWEDEN/FINLAND- Schroder Investment Management has appointed Johan Hamilton as country head for Sweden and Finland. Hamilton, who will be based in Stockholm, joins from Wassum Investment Consulting where he was a senior consultant advising pension funds, trusts, companies and local governments on investment strategy and manager selection.
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UK managers reluctant to drop soft commissions
UK – The Investment Management Association (IMA) and the National Association of Pension Funds (NAPF) have drawn up a pension fund disclosure code to be unveiled this week that will require fund managers to provide six-monthly reports on the way they invest UK pension scheme assets on stock markets.
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Robur picks EFA for €5bn Luxembourg administration
SWEDEN/LUXEMBOURG – Stockholm-based fund manager Robur has appointed European Fund Administration (EFA) to take over the administration of its Luxembourg fund range.
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Allianz Dresdner announces European equities CIO
UK/GERMANY- Allianz Dresdner Asset Management (ADAM) has announced the appointment of Neil Dwane as head of its equity investment teams in Frankfurt and London. Dwane is relocating to Frankfurt where he replaces Jens Wilhelm who is leaving for a hedge fund group.
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Lasalle retains €4.2bn property portfolios
UK – The £36.7bn (€59.5bn) British Coal Staff Superannuation Scheme and the Mineworkers’ Pension Scheme have re-appointed Lasalle Investment Management to run their combined £2.6bn (€4.2bn) property portfolios.
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State Street completes e127bn SWIP outsourcing
UK- State Street Group has announced the completion of a £78bn (e127bn) outsourcing project for Scottish Widows Investment Partnership (SWIP), part of the Lloyds TSB Group. In October 2000, SWIP appointed State Street to provide custody, trustee and administrative services for its entire range of life, pensions and investment products. ...
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Northern Trust adds APS to multi manager roster
UK – Northern Trust’s multi-manager business in the UK has appointed Singapore-based APS Asset Management to run the Pacific Basin ex-Japan part of its multi-manager pooled funds Pacific Basin section.
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RREEF buy makes Deutsche largest property adviser
US/GERMANY – Deutsche Bank (DB) is to acquire US real estate investment management company, RREEF, for $440m (€500m),. According to DB, the deal means the group will become the world’s largest investment adviser of combined real property and real estate equity securities, with $36bn in global real estate assets under ...
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SEI's multi-manager funds attract €5bn from Europe
EUROPE - US-based SEI Investments experienced a significant business growth in Europe during 2001. The firms’ manager-of-managers investment solutions attracted a total of $1.7bn (€1.9bn) from European investors last year...
