Asset Managers – Page 378
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Barra executives launch rival consultancy
US – Five former executives at California-based investment consultancy, Barra Strategic Consulting have broken away to form a new firm Casey, Quirk & Acito, which will provide strategic advice to the investment management industry.
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Sandeberg succeeds Nillson as AP1 CEO
SWEDEN- Sweden’s e14.2bn AP1 fund has appointed William af Sandeberg as CEO to replace Lennart Nillson who has retired.
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AP2 to drop external managers after ALM study
SWEDEN – Sweden’s €14.4bn AP2 fund has put out a tender for a consultant actuary to undertake a new ALM study to determine its long-term investment strategy. According to AP2, some of the external managers’ contracts will be terminated as the study will lead to some of the assets being ...
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LRT drops Baring AM from £500m UK equity mandate
UK – The £3.5bn (€5.7bn) London Regional Transport Pension Fund has dropped Baring Asset Management (BAM) from a UK equity mandate originally worth £500m (€821m) in favour of AllianceBernstein and Baillie Gifford.
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Northern Trust beefs up its research team
UK- Northern Trust has beefed up the research department of it multi manager business with the appointment of John Greene as International research analyst. Greene will work with director of research Michael Kinney to carry out research in continental Europe and the UK.
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CDC IXIS launches long/short large cap fund
FRANCE – CDC IXIS Asset Management has launched a long/short alternative investment fund, a Dublin registered non-market neutral vehicle with a European large cap investment bias.
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ABF launches Luxembourg-based SRI equity fund
FRANCE/LUXEMBOURG – Paris based quantitative management company, ABF Capital Management (ABF), has launched ABF Green Planet Fund, a Luxembourg based socially responsible investments equities fund, which applies a global environmental investment approach.
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Blue Sky CIO Ratra quits for new ten Cate venture
NETHERLANDS- Arun Ratra, the chief investment officer at the KLM pension fund’s investment arm Blue Sky, has left to join the consultant Lou ten Cate in a new venture called Pension Factory. Ratra joins as a managing director and is a shareholder in the company.
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Royal London launches new cash management unit
UK – Insurance and asset management group, Royal London, has launched its new bespoke cash management arm, Royal London Cash Management (RLCM)...
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Axa launches second futures hedge fund
FRANCE/IRELAND – French asset managers, Axa Investment Management (Axa IM), has launched its second hedge fund to invest in the futures markets, Axa Futures II...
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Gartmore adds to Swedish team
SWEDEN – Gartmore Investment Management, which has £36.1bn (€58.9bn) in assets under management, has expanded its Stockholm office with the appointment of Patrik Silfverling as business development manager.
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AEGON UK adds to its fixed interest team
UK- AEGON Asset Management UK has added to its fixed interest team with the appointment of Stephen Jones as portfolio manager. Jones joins from Britannic where he managed corporate bond investments for institutional and retail funds.
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Growth in global asset management stalls in 2001
GLOBAL- Growth in the global asset management industry virtually ground to a halt last year according to figures from Cerulli Associate’s 2001 report.
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Proposals should ease access to money markets
UK – Nick Raynsford, the government minister at the department for transport, local authorities and the regions, is to present parliament with a draft statutory proposal to change the law to allow local authorities to invest in money market funds, a move that could be worth as much as £10bn ...
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AIMA says hedge fund transparency lacking
GLOBAL- Research by the Alternative Investment Management Association and Capital Market Risk Advisors into the hedge fund of funds industry suggests that although investors remain wary of investing due to a lack of transparency, hedge fund managers are convinced they are providing enough disclosure.
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AP7 set to blacklist construction company
SWEDEN- Sweden’s AP7 default fund looks set to blacklist NCC, a construction company that has admitted illegal collusion with competitors over tendering for road building projects.
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JP Morgan acquires majority share in FundsHub
EUROPE – JP Morgan has acquired a majority shareholding in FundsHub, Europe’s first outsourced fund supermarket solutions provider.
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New portal offers access to Dutch pensions market
NETHERLANDS – Dutch consultancy firm, Bureau Bosch, has launched DutchInvestor.com, an internet-based portal allowing institutional investors to remain abreast of developments in the Dutch asset management industry.
