Asset Managers – Page 389
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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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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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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.....
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Roberts is new COO at Jones Lang Lasalle
UK/US – Jones Lang Lasalle (JLL) has appointed Peter Roberts as the company’s executive vice president and chief operating officer....
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Fidelity appoints institutional head for France
FRANCE – Fidelity Investments has appointed Christophe Gloser as director of its institutional fund management business in France as part of its expansion plans across Europe....
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Emergency list of industry client contacts
As part of our endeavour at IPE Magazine and IPE-Newsline to assist any company within our community affected by events in the US, below is a list of client contact details provided by asset management companies that had offices or staff in the World Trade Centre complex in New York, ...
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Standard and Poor's upbeat on market post disaster
US SPECIAL – Standard & Poor’s (S&P) has issued an upbeat statement on the impact of Tuesday’s terrorist atrocities in the US on global financial markets, claiming that the effects will not be detrimental over the long term....
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Deutsche beefs up Dutch institutional presence
NETHERLANDS - Deutsche Asset Management (DeAM) has appointed former Barclays Capital Benelux chief Michel Alofs as a senior institutional sales manager for the Netherlands, in what the firm says is a clear indication of its intent to increase institutional business in Holland....
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Giant Italian scheme draws up manager shortlist
ITALY – Fondo Pensione Complementare per la Famiglia (Fondo Famiglia), the Italian housewives’ and part time workers’ pension fund, which could potentially include as many as 15 million members, has drawn up a shortlist of 12 asset management firms to run the fund’s assets....
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Unilever gets date for MAM high court showdown
UK - The £4bn Unilever Superannuation Fund is to finally present its £100m law suit against Mercury Asset Management, instigated in 1999, to the High Court on October 15.....