Asset Managers – Page 397
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Zurich Scudder launches UK hedge fund
UK – Zurich Scudder Investments has launched a UK long/short basis hedge fund, Crescendo UK Fund, to be run by Paul Findley....
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McCaughey out as Deutsche COO after restructure
CUSTODY - Deutsche Bank Global Securities Services has parted company with chief operating officer, Terry McCaughey, only a year after he started in the position....
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Mercer names O'Faherty as new Irish head
IRELAND - Paul O’Faherty has been appointed as chief executive of consultant William M. Mercer in Dublin, effective from July 1....
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Europol fund re-tenders after expensive proposals
NETHERLANDS - The e2.6m Europol Pension Fund in The Hague, the plan for officials of the European police organisation, is to re-tender for the administration, asset management and risk coverage of the scheme, following a disappointing set of proposals from investment managers....
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Martinez to spearhead Barclays' Spanish drive
UK/SPAIN – Gabriel Martinez de Aguilar has been appointed as director of Spanish institutional business at Barclays Global Investors’ (BGI) London office....
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New Star AM launches Europe and UK funds
UK – New Star Asset Management, led by former Jupiter investment chief John Duffield, has launched two new investment fund vehicles targeting Europe and the UK.
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US brings AIMR/PPS into line with global standard
US/EUROPE – The US has redrafted its AIMR/PPS investment performance standard guidelines to bring them in line with GIPS, the Global Investment performance Standards, in a significant move forward for worldwide ethical standards in asset management....
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Allianz Dresdner unveils e1trn asset manager
GERMANY – The proposed German insurance/banking powerhouse of Allianz and Dresdner Bank today outlined its future asset management plans with the creation of e1trn outfit Allianz Dresdner Asset Management (ADAM)....
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Aegon picks up UK multi-manager mandate
UK – Aegon Asset Management UK has been appointed as an active fixed interest manager under Escher UK Asset Management’s multi-manager structure...
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Ireland gets first global performance standard
IRELAND - Ireland has become the first country to have its local investment performance standards verified as a country version of GIPS - the Global Investment Performance Standards....
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Deutsche Börse and Eurex spell out ETF plans
EUROPE/US – Deutsche Börse and Eurex are to offer trading participants a market for trading in euro-denominated US equities as well as exchange-traded funds and stock options on the Xetra and Eurex trading platforms by September.
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Dutch group Rodamco merges real-estate arms
NETHERLANDS – Property manager Rodamco Europe is creating the largest Dutch retail property investor by integrating Rodamco Retail Nederland (RRN), into Rodamco Nederland...
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JP Morgan Chase investment chief retires
US – Ramon de Oliveira, head of investment management and private banking at JP Morgan Chase is to retire in August. James Staley, current co-head of the private banking group has been appointed to succeed him in the position.
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EAMA says Basel accord could create systemic risk
EUROPE – Extending the capital requirement for operational risk to the asset management businesses of multinational banks could lead to an increase in systemic risk, according to the European Asset Management Association (EAMA) in its response to the Basel Committee’s consultative paper on regulatory capital...
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Mercer expands consultancy business east
CZECH REPUBLIC/TURKEY – Human resource consulting firm, William M. Mercer, has opened new offices in Prague and Istanbul, expanding its presence in central Europe and Turkey to four offices.
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Eureko expands into Greek market
GREECE – The insurance and financial services group Eureko is buying a further 54% stake in leading Greek life insurance and fund management company, Interamerican Hellenic Life Insurance, as part of its European insurance and asset management expansion....
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SRI handbook targets pension fund trustees
UK – A new toolkit for pension fund trustees and fund managers has been published to provide advice on how to improve the impact of pension fund investment on the poorest countries in the world….
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Mellon chief quits to join AXA
Christopher Condron, president and chief operating officer of Pittsburgh based Mellon Financial Corporation, has resigned to join New York based AXA Financial.....and all this week's major people moves...
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DeAM builds Swiss institutional presence
SWITZERLAND – Deutsche Asset Management (DeAM) has appointed Eleonora Rajmann as vice president, institutional sales for its Zurich office, in a move designed to build on the group’s retail focus in the country....
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Baring targets pension fund interest in pooling
Baring Asset Management (BAM) has launched a series of unit linked life funds to complement its existing OEIC range and to help occupational DC and DB schemes interested in investing in pooled funds....
