Markets – Page 280
-
News
ALM study could open up PMI's investment strategy
NETHERLANDS – The giant €12.5bn Dutch metal workers fund, PMI, is undertaking an asset liability study that could open up its investment strategy to include alternatives such as commodities, currency overlay, below investment grade bonds and inflation-linked contracts.
-
News
Rothschild launches UK corporate bond fund
UK – London-based Rothschild Asset Management has launched a new UK corporate bond fund as part of its institutional pooled fund range. The new fund will have an initial value of £37.5m (€61.2m) and is part of its Five Arrows open-ended investment company (OEIC) fund range.
-
News
UK budget is bad news for property investors
UK – Changes to stamp duty on commercial property announced in chancellor Gordon Brown’s budget will lead to growth in the property unit trust market according to Tim Bell, director of property at F&C Management in London.
-
News
CDC IXIS loses head of European equities to Fortis
FRANCE – French investment management group, CDC IXIS Asset Management in Paris has lost its head of European equities, Gilles Meshaka, as well as three members of his team, Sadri Tamarat, Laurent Jacquier-Laforge and Pierre-Alain Labat. All four are reportedly moving to rival asset manager, Fortis Investment Management, as part ...
-
News
Equity outlook deteriorates says Merrill Lynch
GLOBAL- The outlook for world equities has deteriorated in the past month, according to Merrill Lynch’s latest fund manager survey. In the report, which surveys 300 fund managers, institutional investors are quoted as saying equites appear overpriced and that the prospects for interest rates have deteriorated.
-
News
Boots buys £200m of inflation-linked assets
UK- Boots’ £2.4bn pension fund has purchased £200m worth of inflation-linked investments in a bid to improve the match between assets and liabilities. The purchase follows the fund’s decision last October to sell its entire equity holdings and move the proceeds into fixed income. At the time critics said the ...
-
News
Citibank joins FX Connect and FXall
GLOBAL- Citibank has joined FX Connect, State Street’s multi-bank electronic foreign exchange trading system, and the electronic platform FXall following the collapse of the rival system Atriax last week.
-
News
FIS beefs up US equities team
UK – Friends, Ivory & Sime (FIS) have appointed Tim Sharman and Robin Wrench to their US equities team.
-
News
Martin Currie poaches SG head of European equities
UK- SG Asset Management’s head of European equities Dino Fuschillo is leaving to join Edinburgh-based Martin Currie as a director. In the new role he is responsible for European products and will report to chief investment officer James Fairweather. Prior to his four years at SG Asset Management he spent ...
-
News
AP4 tenders $600m in Asia and Japanese equities
SWEDEN- Sweden’s Skr130bn (e14.3bn) AP4 fund has announced the tendering of Asia Pacific-ex Japan and Japanese equity mandates worth up to a total of $600m (e682m). The fund is to appoint several firms to oversee the mandates, deadline for applications is May 11th and appointments should be announced some time ...
-
News
BNP Paribas hires Lespinard as global CIO
FRANCE- BNP Paribas Asset Management has hired Philippe Lespinard as its first global chief investment officer. He will be responsible for the research and active management activities of BNP Paribas AM in equity, fixed income and balanced accounts worldwide.
-
News
Paris heads Standard Life's global fixed income
UK- Standard Life Investments has appointed Rod Paris as head of global fixed income. Paris joins from Merrill Lynch Investment Managers where he held the same position. He will be responsible for the UK, Euro and overseas bonds, including corporates.
-
News
Pimco to enter hedge fund market
US- Fixed income investment manager Pimco has announced as part of its expansion outside the US market that it is entering the hedge fund market with the launch of a fixed income fund for US and foreign investors.
-
News
Northern Trust names new product development head
UK- Northern Trust Global Investment Europe has appointed Andrew Edgington as director of product management and development. In the new role he will work with chief operating officer Nick Ring and product manager Chris Turpin in developing new investment products as well as overseeing the existing product range.
-
News
Dorset picks Cazenove for £38m cash mandate
UK – West Dorset District Council has awarded a £38m (€62m) fixed income and cash mandate to Cazenove Fund Management. The appointment will take effect from May and the mandate represents a fund that is part of the council’s liquid assets.
-
News
Powys seeks investment managers for £80m
UK – The £160m (€260.7m) Powys County Council pension fund in Wales is looking for asset managers for a £48m active fixed income mandate and two £16m active equity mandates. John McNeil, head of finance at the fund, says the RFP has come about because the fund grew unhappy with ...
-
News
Gissings loses investment consulting head to SBJ
UK- Steve Barker has left his job as head of investment consulting at Gissings after just a year to take up the same role at SBJ Consultants in London. Barker, who has a background in investment consulting and fixed income management, will report to the chairman Peter Gray.
-
News
WM figures show PGGM down 6% in 2001
NETHERLANDS- Official publication of WM Company’s performance figures for Dutch pension funds show an average return of –2.8% in 2001. Individually the funds reported yields ranging from –8.6% to 4.5% with many of the country’s larger schemes at the lower end of the spectrum.
-
News
Lombard Odier names new international equity CIO
LONDON- Lombard Odier is appointing Fabrizio Pierallini as chief investment officer for international equities. In his new role, Pierallini will head the international equity team and will be responsible for the link between London and the firm’s country and sector analysts and managers in Geneva, Zurich and Hong Kong.
-
News
NTMA names five managers for e8bn reserve fund
IRELAND- Ireland’s National Treasury Management Agency (NTMA) has announced a further five managers to help run part of the e8bn National Pensions Reserve Fund. It has appointed Capital International and Dresdner RCM Global Investors to run two e420m global equity mandates. In addition, Bank of Ireland Asset Management, Blackrock International ...
