All articles by Jan Wagner – Page 8
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News
Union looks beyond co-operative sector
GERMANY – Union Investment, the asset manager for German co-operative banks, has reported substantial growth in third-party business, noting that of the 76 mandates won during 2006, 58 came from institutions outside the co-operative bank sector.
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News
ABP hedges 100% of US dollar exposure on strategic basis
GLOBAL – ABP, the E209bn pension fund for Dutch civil servants, has a strategic hedge of a 100% for all of its US dollar exposure based on its ALM study (amended version of earlier story).
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News
Morley opens in Frankfurt to spearhead German sales
GERMANY – UK asset manager Morley has opened a sales office in Frankfurt this week to break into Germany’s retail and institutional fund market.
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Features
Star performer under pressure
Germany’s real estate Spezialfonds have enjoyed considerable success, particularly of late, but they are not for everyone, as Jan Wagner finds
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Features
Degrees of optimism
In spite of the expected exclusion of residential from Germany’s REITs, some still expect issuance close to €100bn, as Jan Wagner found at the G-REIT conference in Frankfurt
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News
Chemie Pensionsfonds sees sharp rise in assets and members
GERMANY – Chemie Pensionsfonds, a sector pension fund targeted at employees of Germany’s chemical industry, has reported sharp increases in its assets and number of insured for 2006.
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News
Deutsche in foreign hedge fund move
GERMANY – Deutsche Bank is considering taking a stake in a US or UK hedge fund, the bank’s chief executive Josef Ackermann says.
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News
Deutsche Bank asset management posts €21bn net inflow for 2006
GERMANY – Deutsche Bank’s asset management division, including private clients and institutions, has recorded €21bn in net inflows in 2006, helping to lift its assets under management (AUM) worldwide to €908bn.
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News
ABV rejects move to absorb professions into state pension scheme
GERMANY – ABV, the lobby for German professional pension funds, has hotly rejected a proposal by German unions to abandon the pensions ABV members provide to the self-employed and have them instead contribute to the state pension scheme.
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News
Industrywide engineering fund attracts 2,000 new sponsors
GERMANY – MetallRente, a pension fund targeted at Germany’s engineering industry, says it acquired more than 2,000 corporate clients last year - the most since its launch five years ago.
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News
Seven year high for Germany’s Spezialfonds
GERMANY – Inflows to German institutional funds (Spezialfonds) totalled €48.3bn last year – the most since 1999, according to German fund industry association, BVI.
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News
Macquarie opens office in Frankfurt and Paris
REAL ESTATE – The real estate fund arm of Australian investment bank Macquarie has this month opened offices in Frankfurt and Paris to step up its investments on the European continent.
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News
Union’s Mansfeld elected new BVI president
GERMANY – Fund industry association BVI has elected Wolfgang Mansfeld, a board executive at German asset manager Union Investment, as its new president.
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News
Universal's head Wagner on brink of standing down – sources say
GERMANY – Bernd Wagner, managing director of Universal-Investment, a leading German institutional fund administrator, is stepping down, industry sources have told IPE.
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News
Shake-up at AGI in Germany as Rieß joins mother ship
GERMANY – Markus Rieß is stepping down as chief executive of Allianz Global Investors’ (AGI) German arm.
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News
Aberdeen targets €5bn in Germany
GERMANY – Aberdeen Asset Management is aiming to win up to €5bn from Germany’s institutional market in the mid-term.
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News
Alpha boosts MLP performance
GERMANY – Independent financial advisor, MLP, has seen client money outperform by up to 13% over eighteen months.
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News
BVI rejects transactions cost disclosures in German fund reforms
GERMANY – The finance ministry has proposed reforms to Germany’s investment law in an effort to boost the competitiveness of the German asset management industry.
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News
Continental transfers €330m more to its CTA
GERMANY – Auto component maker Continental has transferred another €330m in assets to its external pension fund, known as a contractual trust arrangement (CTA).
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News
Aberdeen silent on Leser as head of new German office
GERMANY – Aberdeen Asset Management is entering Germany’s institutional market and is understood to have recruited Hartmut Leser, a former managing director at German investment consultant FERI, to head its new office in Frankfurt, IPE has learned.
