Asset Managers – Page 384
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SRI lacks definition say financial managers
EUROPE – An overwhelming majority of financial analysts and managers across Europe believe that there is a lack of transparency in the definition of Socially Responsible Investment (SRI) criteria and that this is holding back its development, according to a survey on SRI carried out by Taylor Nelson Sofres.... ...
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Jørgensen to head DeAM Nordic sales push
NORDIC REGION - Deutsche Asset Management (DeAM) has poached Steen Jørgensen from Schroder Investment Management to become the firm’s head of institutional sales for the Nordic region....
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GE hires UK/Ireland institutional sales director
UK – London-based GE Asset Management Limited has hired Gary Walker to become its regional director for institutional sales & marketing in the UK and Ireland....
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Sweden's AP7 reveals e180m hedge/venture plans
SWEDEN - The e2.3bn AP7 fund – the default fund for Sweden’s PPM system - has laid out its plans for the investment of around e180m in hedge fund and private equity assets in tandem with the selection of a consultant to advise on the process....
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Spanish tax push to shake up pensions market
SPAIN – Government proposals to introduce tax incentives to get people saving could shake up the asset management and pensions industry in Spain, says Ana del Solar at Towers Perrin in Madrid....
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Goldmans and Natexis in multi-manager alliance
FRANCE/UK – Paris based Natexis Banques Populaires (NBP) and London based Goldman Sachs Asset Management International (GSAMI) have signed a cooperation agreement to consolidate their respective positions in the multi-management market....
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Gensec becomes 'io' in Europe multi-manager push
EUROPE – South African investment firm, Gensec International Asset Management, has rebranded itself to become io investors, in a bid to refocus its multi-manager offering to the European market....
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Fund managers heed profit warnings, says PwC
FUND MANAGEMENT – The fund management industry appears to be responding to warnings of significant profit declines after a year of increased competitive pressure, with profit margins falling less than expected reports, according to a survey by consultant PricewaterhouseCoopers....
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Watson Wyatt enters multi-manager market with CAAM
EUROPE – Crédit Agricole Asset Management (CAAM) has entered into partnership with Watson Wyatt, the global investment consultancy, to develop CAAM’s multi-manager fund business across continental Europe....
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Myners steps down from Gartmore chair
UK – Paul Myners, chairman of Gartmore Investment Management, is to step down from his post at the end of the month....
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Baring scoops £80m Pirelli fixed income brief
UK – Baring Asset Management (BAM) has won an £80m (€129m) fixed income mandate from the Pirelli Common Investment Fund (PCIF), the UK the Italian tyre and cable company’s UK pensions arm....
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SEI appoints UK client services director
UK – SEI Investments has appointed Nigel Down as client service director to its UK institutional team, a newly created position.....
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Mellon reshuffles management for European growth
UK/EUROPE - Mellon Financial Corporation (Mellon) has announced a raft of senior European management changes as it sets its sights on business growth on the continent, beginning with the move of Jack Klinck, Executive Vice President and Head of Corporate Strategy and Development, to London as head of Mellon Europe.... ...
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Nomura hires veteran UK institutional adviser
UK - Nomura Asset Management has appointed Philip Sellers, CBE, a former trustee to the Post Office Pension Funds (now Consignia), as an adviser to its London based institutional operation....
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Companies failing on governance, says NAPF
Only 19% of Britain’s top companies meet investors’ highest corporate governance expectations, according to a survey carried out by the UK National Association of Pension Funds (NAPF)....
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JP Morgan launches market protected fund
UK - JPMorgan Fleming Asset Management has launched a new fund that seeks to provide institutional investors with full capital protection from stock market fluctuations....
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Nordea signs up Northern Trust for US custody
US – Nordea Investment Management (NIM), the US fund management arm of the Nordic group, has appointed Northern Trust as global custodian and fund accountant to its new Delaware institutional business trust....
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Crédit Agricole signs funds deal with AGF
BELGIUM – Crédit Agricole Asset Management (CAAM), the asset management arm of France’s largest retail bank, Crédit Agricole (CA), has announced that AGF Belgium Bank (AGF) has approved CA-Funds as one of its fund providers.....
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Mercury risk controls were inadequate, claims Q.C.
UK – Mercury Asset Management (MAM) operated an inadequate system of risk control in managing £1bn in pension assets for the USF fund and took too long to change its risk profile under the terms of a new investment agreement proposed by the Unilever fund, the High Court was told ...
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Aon wins Crown Estate pensions advisory brief
UK – Aon Consulting has been appointed as actuarial adviser, pensions consultant and scheme administrator to the £12m (€19.5m) defined benefit (DB) pension plan of the Crown Estate....
