Asset Managers – Page 386
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UK is the most 'dramatic' major pensions market
UK - The pace of change in the UK pensions market over the last 30 years has been more dramatic than in any other major institutional market, claims Greenwich Associates, the Greenwich, Connecticut based research and consulting firm....
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Gartmore enters Italian market with Meotti hire
ITALY – UK fund management house, Gartmore, has moved into the Italian market with the opening of an office in Milan and the appointment of former ING Italian institutional chief, Nicola Meotti, as country manager....
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SFIM/Bank Corluy alliance gets first mandate win
BELGIUM – The strategic alliance created by London-based Singer & Friedlander Investment Management (SFIM) and Antwerp-based private bank, Bank Corluy Effectenbankiers (Corluy), has landed its first mandate, a €27m balanced equity and fixed income portfolio, from the Province of East Flanders pension fund in Belgium....
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AEGON AM appoints McLatchie as managing director
UK – Edinburgh based AEGON Asset Management UK has appointed Colin McLatchie as managing director (MD) from January next year.
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One in three UK funds set to up bond exposure
UK – More than a third of the UK’s major companies are considering increasing their pension funds exposure to fixed income following the introduction of the FRS17 accounting standard last year, according to the initial results of a survey by Gartmore Investment Management....
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USF £600m fund was run by 27 year old, court told
UK – Alistair Lennard, one of the fund managers at the centre of the Merrill Lynch/Unilever high court case, was just 27 years old with three years experience as a fund manager and a “hunger for success”, when he took on responsibility for around £600m in UK equities for the ...
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BGI builds on B&CE mandate with £150m top-up
UK – Barclays Global Investors (BGI) has been selected to run an additional £150m (€243.5m) overseas equities and bonds mandate for the £650m defined benefit (DB) pension plan for the Building & Civil Engineering Benefits Scheme (B&CE)....
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Crédit Agricole wins Italian institutional brief
ITALY – The Milan based Italian arm of French group, Crédit Agricole Asset Management (CAAM), CAAM Sgr, has won an index-linked structured equity mandate from Parma based insurance group, Po’Vita, The size of the mandate will be between €45m and €65m.....
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Swedish pension funds pool SKr200m mandate
SWEDEN – Stockholm based Carlson Investment Management has won a mandate to run an SKr 200m (€21m) Swedish equities portfolio for the so called G7-Group, a collaboration of seven southern Swedish municipality pension funds....
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USF didn't 'second-guess' Mercury, says CIO Mayall
UK – The Unilever Superannuation Fund (USF) did not know about the technical level of risk involved in the investment of a £1bn portfolio by Mercury Asset Management (MAM) and could not be expected to “second-guess” the advice of the investment manager, Wendy Mayall CIO of USF today (Nov 1) ...
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Rothschild names new institutional client manager
UK – Rothschild Asset Management has appointed Marion Colverd as manager of its institutional client service team in London.
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Julius Baer Asset Management appoints new CEO
SWITZERLAND – Julius Baer Asset Management (JBAM) has appointed Urs Landolt as new chief executive officer (CEO) at its Zurich office, with effect from February next year....
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Cerulli: Italian pensions growth remains 'sedate'
ITALY – Growth in pension fund assets in Italy remains relatively sedate, despite being substantially upgraded following the implementation of tax enhanced benefits for contributions, says Cerulli Associates in a new report, entitled: Trends in the Italian Asset Management Marketplace.....
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Blackstone lures Meaden for European hedge start
Nicola Meaden, chairman and CEO of hedge fund advisory group Tremont TASS (Europe) has quit the firm to join US outfit Blackstone Alternative Asset Management (BAAM), which establishes its first physical presence in Europe with the appointment.....
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USF may not have 'sufficiently' monitored Mercury
UK – The Unilever Superannuation Fund (USF) may not have sufficiently monitored the performance of its investment portfolios, nor considered what would happen in the likelihood that managers would underperform over a longer period than outlined in their manager agreement, it was alleged in the high court today, in the ...
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Unilever fund CIO Wendy Mayall in the witness box
UK - Wendy Mayall, chief investment officer (CIO) of the Unilever pension fund, today (Oct 30) took to the witness stand in the high court to defend the Unilever Superannuation Fund’s (USF) decision to sue Merrill Lynch Investment Managers (MLIM ) for £130m (e210m) alleging negligence by Mercury Asset Management ...
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Sweden's Alecta appoints new marketing head
SWEDEN – Hans Bergenheim has been appointed as marketing director at SKr340bn (€36bn) Alecta, the Stockholm based pension plan and asset management firm....
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AXA IM creates new alternative assets division
UK/FRANCE - AXA Investment Managers (AXA IM) has created a new structured and alternative investment management (SAIM) division within the firm to house its structured and hedge fund businesses....
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Russell poaches Towers consultants for London team
UK – Frank Russell Company (Russell) has poached two new consultants from rivals Towers Perrin for its institutional investment services team in London....
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Unilever trustee chairman takes the witness stand
UK – Unilever and Merrill Lynch Investment Managers (MLIM) re-entered the high court today (Oct 25) for the second week of legal action, following the Unilever Superannuation fund’s (USF) decision to sue MLIM for £130m alleging negligence in the management of its assets between January 1, 1997 and March 31, ...
