Latest – Page 367
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Portugal's e3bn reserve fund to start outsourcing
PORTUGAL – The e3bn Lisbon based Portuguese pension reserve fund, created in 1989 to plug the future hole in Portugal’s social security retirement payments, could outsource up to 20% of its assets to external managers by the end of the year....
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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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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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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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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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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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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....
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Metzler receives 'aa' rating from Fitch AMR
FRANCE – Fitch AMR, the Paris based ratings company, has awarded a ‘aa’ rating to Frankfurt based Metzler Asset Management, which has some €9.5bn in assets under management....
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Swedish manager poaches FIS chief for US push
Stockholm-based asset manager Länsförsäkringar Kapitalförvaltning is beefing up its US operations by recruiting J Robert Bloom as head of its New York office.... And all the week's major people moves...
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Russell and Watsons win Irish reserve fund briefs
IRELAND - The Dublin based Irish National Treasury Management Agency (NTMA) has selected consultant Frank Russell to advise on the selection of investment managers for the e6.5bn National Pensions Reserve Fund (NPRF)....
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Mercer to build new fund for Johnson Controls
UK - Automotive and building supplies group Johnson Controls has appointed William M.Mercer to set up a new UK pension scheme for its approximately 3,000 employees....
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Russell get GIPS standards green light
UK – Multi-manager investment firm Frank Russell has been confirmed as compliant to both the UK Investment Performance Standards (UKIPS) and the Global Investment Performance Standards (GIPS) for its Dublin-based umbrella fund range....
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BGI picks up e200m Italian institutional mandate
ITALY – Barclays Global Investors (BGI) has received a significant boost in its push into the Italian institutional and retail market with the award of an e200m active tactical asset allocation mandate from one of the world’s oldest banks, the Fondazione Monte dei Pascha di Siena (MPS Foundation)....
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Sampo names new investor relations head
FINLAND/SCANDINAVIA – Jarmo Salonen has been promoted to head of investor relations at Helsinki based financial services group Sampo, from September 1...
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EAMA questions EU legislators on indexation
EUROPE - The European Asset Management Association (EAMA) has published a collection of essays questioning European Union legislators’ approaches to the indexation of investments....
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Sweden's AP2 and AP3 funds make top level hires
SWEDEN – The government pension buffer funds AP2 and AP3 have made a number of top level appointments to their in-house investment teams....
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Mellon to consolidate in new European HQ
UK/EUROPE – Pittsburgh based Mellon Financial is planning to open a new European headquarters in London by the end of 2003....
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UK finance directors pledge support for Myners
UK – Nearly two thirds (64%) of finance directors of some of the largest UK companies ‘broadly’ support the proposals of the Myners report on institutional investment in the UK, according to a survey commissioned by Barclays Global Investors (BGI)....
