Asset Managers – Page 377
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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...
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SalesWatch to track cross-border fund sales
EUROPE/UK – London based mutual fund research company, SalesWatch, has launched SalesWatchOnline, an internet-based service designed and developed on behalf of Europe’s investment management community to research and track Europe’s cross-border fund selling operations and sales trends.
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BGI in new high return hedge fund launch
UK/IRELAND – Barclays Global Investors (BGI) in London has launched a new, high return market neutral hedge fund, a higher risk version of its UK equity market neutral fund.
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Spezialfond manager results show turbulent 2001
GERMANY- Germany’s Spezialfonds and their managers faced one of the toughest and most turbulent years in 2001 when the value of assets fell for the first time since the creation of the funds in the late 1960s.
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Concreto enters second phase of manager selection
ITALY – The Italian cement and building materials workers’ complementary pension fund, Concreto, is ready to enter the second stage of its manager selection process.
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Unico picks State Street to run 10 new index funds
GERMANY/LUXEMBOURG- Unico Asset Management, the Luxembourg-based subsidiary of Germany’s Union Fonds Holding has appointed two State Street divisions to service and manage its i-tracker funds, a series of index funds being launched at the beginning of march.
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Cambridge appoints Deustche for €1.6bn custody
UK – The £1bn (€1.6bn) Cambridgeshire County Council Pension Scheme has appointed Deutsche Bank as global custodian for its assets. The mandate was awarded following a formal tender process. There is no outgoing global custodian as the appointment is for a new position in line with the pension fund’s strategy ...
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PGGM on board for new e300m Hermes engagement fund
PGGM the e50bn Dutch fund for healthcare and social workers and the UK’s BT pension scheme are contributing to a e300m activist fund being launched by a subsidiary of the fund management group Hermes.
