Asset Managers – Page 386
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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, ...
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Dellsperger becomes CSAM head of global equities
UK/GLOBAL – Credit Suisse Asset Management (CSAM) UK has appointed Peter Dellsperger as head of global equities products in London, but with supervision and responsibility for teams in London, New York, Tokyo and Zurich....
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Fortis appoints Wohanka as CEO
BELGIUM – Fortis Investment Management (FIM) has appointed Richard Wohanka as chief executive officer (CEO) and member of the board....
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JP Morgan creates failed trade analysis platform
US – JPMorgan Investor Services has launched the JPMorgan Trade Settlement and Relative Ranking System (JPMorgan TradeSTARR), a web based analytical platform designed to alleviate the problem of failed trades, which cost the investment industry an estimated US$1bn (€1.1bn) each year, according to JPMorgan....
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Pension funds should go for gold, says WGC
UK – Managers of pension funds and other institutional funds in the UK should not ignore gold when looking at alternative asset classes, according to Dr Robert Weinberg, head of institutional investment at the World Gold Council….
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JP Morgan Fleming launches global cash portal
GLOBAL – J.P. Morgan Fleming Asset Management (JPMF), has launched the Global Cash Portal (GCP), an internet-based platform enabling JPMF’s institutional treasury clients to access cash management products worldwide....
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GAM hires Thompson to expand European focus
FRANCE - Global Asset Management (GAM) has appointed Joanna Thompson as a director for Europe, a newly created position with specific responsibility of promoting GAM’s institutional operation in the French-speaking regions of Europe....
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Dutch construction fund splits into three schemes
NETHERLANDS – The NLG500m pension fund for construction related group, NBM Amstelland, is to divide into three different schemes after the company was split up, in a move that has put a number of investment management and administration mandates up for grabs in the Dutch market....
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Nasdaq Europe names new CEO
UK – Nasdaq Europe has appointed Michael Sanderson as chief executive officer (CEO)....
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Dobson joins Schroders as new chief executive
UK – Schroders has appointed Michael Dobson as chief executive and set out proposals to acquire Dobson’s own asset management firm, Beaumont, for £33.5m (€53.4m) as part of the deal...
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MFS appoints new head of UK sales
MFS International U.K. has appointed Jonathan Willcocks as its director of sales....
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Europe's best third-party fund suppliers named
EUROPE – Fidelity has been ranked the best supplier of third party funds in Europe for the fourth year running, according to a survey of 300 European distributors carried out by Sector Analysis, the London based pan European asset management research firm....
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Deutsche runs European pensions roadshow
EUROPE – Deutsche Asset Management (DeAM) is to hold a series of investment conferences for institutional investors across Europe later this month...
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Hermes Pensions joins Railtrack shareholder fight
Hermes Pensions Management (Hermes), the wholly owned investment manager of the UK’s BT pension scheme, has joined the Railtrack Shareholders’ Action Group, a coalition of Railtrack investors fighting for the interests of shareholders following the UK government's decision to force the firm into administration....
