Asset Managers – Page 393
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Crédit Lyonnais gets Fitch AMR ratings upgrade
FRANCE – Fitch AMR, the Paris based ratings firm, has upgraded Crédit Lyonnais Asset Management’s (CLAM) rating to ‘aa’ from the ‘aa-‘ rating that was awarded last October....
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Aberdeen buys Ivory & Sime Asset Management
UK – Aberdeen Asset Management has bought out London based Ivory & Sime Asset Management (ISAM) from the Friends Ivory & Sime stable in a cash deal worth £6.5m plus the value of the net assets at completion – expected to amount to a further £2.1m....
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Dutch metalworkers fund forms web deal with Achmea
NETHERLANDS – Dutch metal and engineering workers’ pension fund, Bedrijfspensioenfonds voor de metaalindustrie (PMI), and pensions administrator firm, Achmea, are to cooperate more closely in the future, with particular importance being placed on internet services....
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CSAM brand falls as Mack becomes Credit Suisse CEO
SWITZERLAND - John Mack, the former CEO at Morgan Stanley, has resurfaced as CEO at Credit Suisse First Boston (CSFB), following the departure of former CS chief Allen Wheat....
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Nomura gets go-ahead for Spanish pensions push
SPAIN - Nomura Asset Management (NAM) has been granted permission to register its global fund range with the Spanish stock exchange commission, the Comisión Nacional del Mercado de Valores (CNMV), Spain’s financial markets supervisory body....
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AIMR examines broker research influences
US/EUROPE – The Association for Investment Management and Research (AIMR) has produced an ‘issues’ paper examining the range of potential influences on the objectivity of broker research – one of the key points raised in the UK Myners report on institutional investment....
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Old Mutual splits chairman and chief exec roles
UK – Old Mutual is to split the role of chairman and chief executive officer within the group. Michael J Lovett is to continue as Chairman, whilst his former chief executive role will go to James Sutcliffe, who was previously on the board of Old Mutual with responsibility for ...
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HSBC gets 'aa' ratings boost from Fitch-AMR
FRANCE – HSBC Asset Management has been bumped up from a Fitch-AMR aa- rating to aa for its Paris based asset management activities...
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Hutton resigns from Morgan Grenfell Private Equity
UK – Deutsche Bank has brought in Sir Robert Smith as chief executive officer (CEO) at the group’s venture arm Morgan Grenfell Private Equity (MGPE) to replace former CEO Graham Hutton, who is leaving the firm following a disagreement over plans to sell the business to its management....
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Multi-manager Attica drops Newton for SGAM
UK – Attica Asset Management has dropped Newton in favour of Société Générale Asset Management (SGAM) to manage a portfolio for its multi-manager UK equity fund....
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Deutsche boosts Dutch institutional sales team
NETHERLANDS – Deutsche Asset Management (DeAM) has appointed Owen Thiers as vice president, institutional sales, as part of an expansion of its Dutch institutional sales capabilities....
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UK nurses pension fund bought by life insurer
UK – Liverpool Victoria Friendly Society (LVFS) is to acquire the Royal National Pension Fund for Nurses (RNPFN) in a deal worth approximately £248m (€409m).....
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General Motors appoints Man as hedge fund advisor
UK – Glenwood, a wholly owned subsidiary of the Man Group, the international hedge fund and futures broker, has been appointed as strategic hedge fund consultant to General Motors Investment Management Company (GMIMCo).....
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SEI starts Italian multi-manager joint venture
ITALY – SEI Investments has set up a joint venture relationship with Italy’s Bipiemme Gestioni, the asset management arm of Banco Popolare di Milano (BPM) to launch a manager-of-managers programme for bank branches and other distribution channels....
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Yates takes Phillips & Drew top slot in September
UK – Paul Yates is take over from Robin Hindle Fisher as chief executive of UBS owned UK fund manager Phillips & Drew from September....
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Gartmore gets SICAV ok in Belgium and Germany
EUROPE – UK investment manager Gartmore has received authorisation for the public distribution of its SICAV range of funds in Belgium and Germany....
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Norwegian fund appoints Den Norske and Pareto
NORWAY – The NKr 800m (€101m) Larvik Primary Fund, the fund established to support the city of Larvik’s local economy has awarded two active segregated balanced mandates to Den Norske Bank Asset Management (DNB) and Pareto Asset Management....
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Dresdner poaches ING executives in Dutch push
NETHERLANDS – Dresdner RCM Global Investors has opened a new Amsterdam office and poached two senior sales executives, Richard Mouw and Michel Ho, from ING Asset Management to market the group’s institutional pension fund products to the Dutch market....
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Soc Gen completes buy-out of US firm TCW
FRANCE/US – Société Générale Asset Management (SGAM) has completed its 51% purchase of Los Angeles based fund managers, TCW, by promoting Philippe Citerne, chief executive officer (CEO), and Philippe Collas, chairman and CEO of SGAM, to the board of directors of TCW....
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First Quadrant promotes Goodsall to chairman slot
UK – US quant house, First Quadrant, has appointed Bill Goodsall as chairman and promoted Robert Brown to the position of managing director in its London office....
