All Mandates - Investors articles – Page 104
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News
Skandia opens global mutual fund company
UK / IRELAND – Swedish insurance group, Skandia Insurance Company has established Skandia Global Funds, a global mutual fund company domiciled in Dublin but operating from London, New York and Hong Kong.
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European ETF market up 29% in 2002
EUROPE – Assets invested in European exchange traded funds (ETFs) have grown 29% in the last six months from $5.6bn (€6bn) to $7.9bn (€8.5bn), according to the latest figures just published by Morgan Stanley Dean Witter. Globally, ETF assets under management rose 17% from $104.7bn (€112.4bn) to $122.3bn (€131.3bn).
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BoNY to administrate Skandia's multi-manager funds
UK- Skandia Multi Manager funds has appointed the Bank of New York to provide administration, accounting and transfer agency services.
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East Sussex allocates 3% to private equity
UK – The £1.2bn (€1.9bn) East Sussex County Pension Fund is allocating 3% of its assets to private equity, tendering the mandates currently managed by Gartmore, including a passive portfolio, and replacing them with a single global active mandate. The move follows its three-yearly actuarial valuation undertaken by Hymans Robertson. ...
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Man buys alternatives manager RMF for $833m
UK/SWITZERLAND- Man Group, the asset manager and broker, has announced it is buying the Switzerland-based alternative investment manager RMF for $833m. RMF is one of Europe’s largest alternative investment managers with $8.5bn in assets under management.
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MLIM loses £3bn UK institutional assets this year
UK – The UK arm of Merrill Lynch Investment Managers has admitted losing £3bn (€4.7bn) of institutional business this year in the UK but claims the losses are the result of the trend by pension funds towards specialised asset management and away from Merrill’s main product range- pooled funds.
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UK Council drops MLIM from e790m mandate
UK- Bath & North East Somerset Council's £1.7bn pension fund has added to Merrill Lynch Investment Management’s woes by dropping it from a £500m (e790m) mandate. A spokesman for the fund stressed that the replacement was result of an ALM study and restructuring and not primarily for underperformance although they ...
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Co-op fires MLIM and considers legal action
UK- The Co-operative Group’s £2.1bn pension fund has fired Merrill Lynch Investment Managers (MLIM) for underperformance on a £500m active mandate and is now considering legal action with the law firm Richards Butler.
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AIMSE opens debate on Dutch third party management
NETHERLANDS- AIMSE International, the association for investment management sales and marketing professionals, is organising a meeting focusing on the emerging trend for large Dutch pension funds to set up their in-house investment teams as third-party asset managers.
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ABB appoints Goldmans to manage e110m hedge fund
SWITZERLAND – The ABB Investment Foundation, with over SFr 6bn (€4bn) under management for 36 Swiss-based pension funds, has appointed New-Jersey based Goldman Sachs Princeton LCC (GS) to manage its new SFr160m (€110m) hedge fund portfolio.
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SwissAir names five sub-fund managers for e600m
SWITZERLAND- SwissAir has announced the names of managers appointed to run e600m in five sub-funds belonging to the recently restructured pension scheme. The fund has appointed managers to five mandates, each valued at approximately e120m.
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Northern wins e17bn Varma-Sampo custody contract
FINLAND/UK- The e17bn Varma-Sampo fund has appointed Northern Trust to provide a full range of global custody services including securities lending, cash management, foreign exchange, and web-based reporting and accounting.
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News
CIE names replacements for AIB on e1.2bn mandate
IRELAND – The €1.2bn pension fund of the Irish state public transport company, Coras Iompair Eireann (CIE) has appointed Irish Life, Capital International and Bank Of Ireland Asset Management to each run a €400m global balanced mandate.
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Lothian seeks manager for e130m mandate
UK- The £1.9bn Lothian pension fund is looking for a manager to oversee a new £80m (e130m) global equity mandate. The decision follows a structural review of the fund last year by consultant Hymans Robertson.
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Irish scheme tenders its entire €1.2bn fund
IRELAND- Ireland’s transport workers’ pension fund Coras Iompair Eirann (CIE) is reviewing its investment manager set up and has tendered for managers to run its entire asset pool of €1.2bn.
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Features
NTMA names final seven managers
Ireland’s National Treasury Management Agency (NTMA) has announced the final seven managers to run the unallocated E2bn of the National Pensions Reserve Fund’s E8bn in assets. Lord, Abbett & Co has been appointed to run a E410m portfolio of north American value equities. A similar-sized mandate for growth equities has ...
