Asset Managers – Page 408
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News
Dutch funds build for the future
NETHERLANDS - Six Dutch pension funds will move into the same building next year, in a move which could herald future investment collaboration.
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News
APAM adjusts European focus
EUROPE - Allianz PIMCO Asset Management (APAM) is reshaping its European investment management business in a move it says will introduce best practice and avoid marketing conflicts across the continent.
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Securities lending online
USA - CalPERS, the $160bn California Public Employee's Retirement System has announced that it has joined forces with South Africa's Old Mutual to establish eSecLending, LLC, a new firm offering a web-based auction system for securities lending.
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News
Three more funds opt for BGI
UK - Barclays Global Investors (BGI) has been awarded three new mandates by the UK based pension funds of companies ArvinMenitor, Lasmo and Thomson Directories'.
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News
Russell switch
UK - Frank Russell has appointed AXA Rosenberg Investment Management to manage a Europe ex-UK Broad Market portfolio, previously run by Credit Suisse Asset Management (CSAM).
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News
Cornwall splits global mandate
UK - The £600m (e990m) Cornwall County Council Superannuation Fund has split a Merrill Lynch Investment Managers (MLIM) global balanced mandate into two, following a review in conjunction with consultants Hymans Robertson.
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News
New manager system launched
SWITZERLAND - Felix Kottman, executive vice president of St Gallen based Swiss consultants Complementa, has launched managerselection.com - a new internet based data platform for pension funds, consultants and asset management companies.
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News
Howlett quits Baillie Gifford
UK - Gareth Howlett, who was a director for Baillie Gifford Overseas, has joined Edinburgh-based Stewart Ivory Wealth Management, the private client division of Colonial First State Division which has assets for £22bn.
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News
Bacon and Callan reach parting of ways
UK - consulting actuary firm Bacon & Woodrow and US consultants Callan Associates are set to unravel their global consultancy relationship.
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News
Irish funds focus on managers' process
IRELAND - Irish plan sponsors are becoming more aware of the investment strategies of their funds.
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News
ABN Amro acquires Alleghany in US
EUROPE - Leading Dutch financial group ABN Amro is acquiring US-based Alleghany Asset Management, for $825m (e981m) in cash. The agreement will increase the bank’s global assets under management by 40% to $155bn.
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News
All PPM's 455 funds attract cash
SWEDEN - Funds available under Sweden’s premium pension system (PPM) have taken delivery of their first assets following the return of thousands of catalogues from the country’s northern regions.
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News
Swedish investment arm closed
SWEDEN - Consultant William M Mercer has closed its three-strong investment consulting operation in Stockholm and will instead run it from the London office.
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News
Elmgren quits SPP for new IT fund
SWEDEN - Staffen Elmgren, vice president of Sweden’s SPP Investment Management is leaving to set up New Economy, a fund specialising in IT, telecoms and media companies.
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Features
Index management: a high value service or commodity?
In the US pension arena, index management has been a major factor since the early seventies and, following a typical product life cycle, has reached maturity: 1) fees have come down to a few basis points, 2) competition has been crowded out to a handful of players sharing more than ...
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Features
Horlick divides MGAM funds' trustees
The Horlick Affair has clearly shaken the confidence of pension funds in Morgen Grenfell Asset Management but, as an IPE survey reveals, funds’ attitudes vary, although at least four funds are considering their position. However, only one of the 11 schemes we spoke to had actually dropped MGAM as their ...
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Features
Managers get rises
In a recent report Greenwich Associates, assessing the rarely examined area of compensation, shows most compensation rising significantly, but with a relative fall in the position of funds from American owned subsidiaries. The population for this survey was 354 of the largest tax exempt funds in the UK, representing 73% ...
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Features
Moving on to a wider stage
The success of foreign fund managers in last year’s Belgacom outsourcing may force the locals to look to their laurels, writes Fennell Betson
