Asset Managers – Page 388
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News
ABN AMRO Mellon gets £2.7bn Marconi fund custody
UK – ABN AMRO Mellon (AAM) has won a £2.7bn (€4.3bn) global custody and investment accounting mandate from Stanhope Pension Trust, the investment management arm of telecommunications giant, Marconi’s UK pension fund....
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Singer & Friedlander lands £135m equity mandate
UK – Singer & Friedlander Investment Management (SFIM) has won a mandate to run the £135m (€216m) continental European equity mandate portion of J Rothschild Assurance UK (JRA) Life and Pension Funds, part of the St James’s Place Group....
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Hedge funds stay in the black despite US crisis
HEDGE FUNDS - The Crédit Suisse First Boston/Tremont (CSFB/Tremont) hedge fund index remains up 0.9% for August, despite a one-week delay attributed to the terrorist attack on New York two weeks ago....
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Merrill Lynch investment chief quits the firm
US - Merrill Lynch has announced that Robert Doll has been promoted from the position of CIO to president of Merrill Lynch Investment Managers (MLIM) in a move that sees him replace former MLIM chief, Jeffrey Peek, who is leaving the firm....
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Europol scheme retenders for managers
NETHERLANDS/EUROPE – The e3.5m The Hague based Europol pension fund, the scheme for officials of Europe’s police organisation has reopened a tender for administration, investment management and risk coverage of the fund that it abandoned earlier this year after poor response from investment managers....
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Belgian health sector fund could attract 250,000
BELGIUM – Yesterday’s announcement in Brussels that the VKG-CPM, €552m Belgian pension fund for doctors, dentists and pharmacists, had established a new supplementary healthcare sector pension fund, ‘Amonis’, with a potential active membership of 250,000, is possibly one of the most significant in the Belgian pensions and investments markets in ...
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Rodamco takes ABP to court over Westfield sale
NETHERLANDS – Rotterdam based Rodamco North America (RNA) is taking legal action against giant Dutch pension fund, ABP, following the sale of ABP’s 23.9% shareholding in RNA to Westfield Holdings, the large Sydney based international shopping centre development company.....
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GAM launches delayed US equities fund
UK/US – Global Asset Management (GAM) has launched a new Dublin domiciled large and mid-cap US equities fund, GAM Star American Focus....
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IPE to award AIMSE scholarship again
EUROPE – IPE has announced its second IPE AIMSE Scholarship, whereby a European marketing or sales professional will be able to attend the AIMSE Wharton Investment Institute in Pennsylvania next January...
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Deutsche and Zurich in huge swap deal
GERMANY/ SWITZERLAND / UK / US – Major German financial group, Frankfurt based Deutsche Bank (DB) is to acquire for US$ 2.5bn (€2.7bn) the entire shareholding of New York based Zurich Scudder Investments...
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Health sector pension fund initiative by VKG-CPM
BELGIUM – VKG-CPM, the €552m Belgian pension fund for doctors, dentists and pharmacists, is to establish a new supplementary healthcare sector pension fund under Amonis, its new platform for services in this area.
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Property markets count cost of NY terrorist attack
US SPECIAL – Direct losses to downtown Manhattan’s real estate market in the recent terrorist attack on New York could be as much as US$10bn (€11bn), claims Jones Lang Lasalle (JLL).
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News
Swedish pension fund fills all executive posts
SWEDEN – The Second Swedish National Pension Fund AP2 has appointed Petter Odhnoff as chief investment officer (CIO) and Lennart Jonsson as head of communications
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News
Edge quits Royal London AM after just six months
UK - Chris Edge has resigned from the post of head of sales and marketing at Royal London Asset Management (RLAM) after just six months in the job, following a disagreement on business strategy with RLAM CEO Chris Phillips....
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Swiss banks launch 'transparent' hedge product
SWITZERLAND - Bank Hofmann and saisGroup of Zug are targeting a rising demand for alternative investments with the launching of a fully transparent hedge product with daily valuation and trading at Net Asset Value (NAV)....
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Lasalle bolsters European investment teams
FRANCE/GERMANY – Lasalle Investment Management has strengthened its European investment team with top-level appointments in its French and German offices....
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New e4bn German pension scheme out to tender
GERMANY – The German metal and electronics industry representative bodies have invited investment managers to tender for the assets of a new €4bn retirement savings scheme, which could potentially have a membership of around four million workers.....
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Investment banks rally after US disaster
US SPECIAL - Investment banking groups, many of whom had offices within the World Trade Centre in New York, have released statements of sympathy to the relatives of colleagues still missing in the aftermath of yesterday’s horrific terrorist attack, as well as updates on the well being of their employees.....
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Swedish funds appoint Carlson to global portfolios
SWEDEN – The Swedish county council (Landstinget) of Västmanland has appointed Skandia-owned Carlson Investment Management to a global balanced mandate representing around SEK 50m (e5.2m) in assets.....
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Banks begin post US tragedy allocation reviews
US SPECIAL – Investment banks are beginning to review their asset allocation strategies in light of the US tragedy on September 11, with most sticking to their long-term policies and noting that political events going forward may shape strategy much more sharply than the terrorist atrocities in New York.....
