Asset Managers – Page 376
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NTMA names five managers for e8bn reserve fund
IRELAND- Ireland’s National Treasury Management Agency (NTMA) has announced a further five managers to help run part of the e8bn National Pensions Reserve Fund. It has appointed Capital International and Dresdner RCM Global Investors to run two e420m global equity mandates. In addition, Bank of Ireland Asset Management, Blackrock International ...
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FERI Trust enters UK with EFIS joint venture
GERMANY/UK- Germany’s FERI Trust, the independent wealth manager and fund analysis company, is teaming up with European Fund Information Services (EFIS) to launch a new London-based division FERI Fund Market Information (FFMI).
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Avon drops MLIM and Gartmore for underperformance
UK – The £1.5bn (€2.4bn) Avon Pension Fund has dropped Merrill Lynch Investment Managers (MLIM) and Gartmore from mandates worth almost £1bn (€1.6bn) for failing to achieve performance targets since they were appointed in 1997.
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Europe's top 400 manager list for 2001 published
EUROPE – Munich-based Allianz Dresdner Asset Management (ADAM), with €1,139bn under management, tops the list of Europe’s top 400 asset management firms, according to figures compiled by Investment & Pensions Europe Magazine (IPE) in its first survey of Europe’s €24trn asset management market.
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Threadneedle wins first local authority mandate
UK – Threadneedle Investments, the London-based investment management arm of Zurich Financial Services, has been appointed to run a £205m (€333m) UK equity high alpha mandate by the £1.7bn (€2.8bn) Bath & North East Somerset District Council pension fund.
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Fidelity names head of UK/European fixed income
UK- Fidelity Investments has appointed Martin Hall as executive director of fixed income, a job in which he will be responsible for the group’s UK and European fixed income. Hall is to work closely with head of fixed income investment Andy Jenkins in developing Fidelity’s business.
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Gartmore enters Spain with new Madrid office
SPAIN- Gartmore has recruited Victoria Huerta from Royal Sun Alliance Investment Management as head of its first office in Spain, due to open later this month.
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Lack of EU harmonisation is punishing institutions
UK/Europe - The tax and regulatory aspects of Europe are increasing the costs of investment managers, according to David Newton of PricewaterhouseCoopers in London. Both these issues reflect the extent to which the single market was not working and were “costing institutions a lot of money”.
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Royal London recruits Spiller as head of DC
UK- Royal London Asset Management has appointed Susan Spiller head of defined contribution sales as part of a move by the group to increase the volume of assets under management from defined contribution clients.
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East Riding issues RFP for £200m overseas mandate
UK – The £1.3bn (€2.1bn) East Riding of Yorkshire Pension Fund is looking for asset managers to run a £200m active overseas mandate. The pension fund is looking to appoint up to three managers to take care of the portfolio which contains European, Japanese and North American equities. Its current ...
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Robeco to acquire Transtrend in alternatives push
NETHERLANDS – Rotterdam-based asset management group Robeco is to acquire Transtrend, a hedge fund manager and futures trading company, as part of its strategy to expand into the alternative investment market, particularly in the area of single-manager hedge funds.
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IMA rounds on Myners and Kelly
UK – The Investment Management Association (IMA) has denied that a cosy relationship between fund mangers and brokers is penalising pension funds. In response to the allegations by Paul Myners and economic secretary Ruth Kelly at last week’s NAPF conference that the UK fund management community isn’t doing enough to ...
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Hermes appoints business development manager
UK – Hermes Focus Asset Management (HFAM), has appointed Corinna Arnold as business development manager international. Arnold, who will be based in London, will concentrate on co-ordinating international institutional support for HFAM in relation to its various shareholder engagement programmes, whereby HFAM invests in underperforming stocks.
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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.
