Asset Managers – Page 394
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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....
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Altink to head Mellon's European corporate affairs
UK/EUROPE – Jan Altink has been appointed director of corporate affairs for Europe by Pittsburgh based Mellon Financial Corporation.
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BNP Paribas teams up with hedge fund specialist
UK/FRANCE – BNP Paribas Asset Management (BNP PAM) and London based hedge fund specialist firm, Fauchier Partners, have announced the establishment of a joint venture company to manage all of BNP PAM’s hedge funds...
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Singer & Friedlander revamps web presence
UK – Investment manager Singer & Friedlander has relaunched its institutional website to reflect the integration of its funds and asset management divisions....
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PIMCO pulls in $165m in first Danish mandates
DENMARK - US fixed income specialist PIMCO Global Advisors has scooped its first mandates in the Danish market, picking up three high yield briefs from separate pension funds worth a total of $165m (e197m)....
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Mantel to lead Baring UK/Europe investment team
UK/EUROPE – Jan Mantel joins Baring Asset Management (BAM) next week as director and head of its UK and Europe investment team....
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Northern Trust brings in new multi-manager heads
US/UK – Northern Trust Global Advisors, the groups’ multi-manager affiliate, has appointed Margaret Towle as chief investment officer (CIO) and Bill Huffman as chief operating officer (CEO), with both to be based in the US...
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Dutch funds start pooling talks for e5bn in assets
NETHERLANDS – Six Dutch pension funds due to move into shared offices in Rijswijk early next year have started investigations into the pooling of their assets in a move they claim could save them up to e2m per annum....
