Markets – Page 284
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News
Lloyd's agencies pick CAAM for e170m fixed income
UK – The London office of Crédit Agricole Asset Management (CAAM), the investment management arm of French financial services group, Crédit Agricole, has won two new mandates to run the fixed income portfolios of B.F. Caudle Agencies and Ensign Managing Agency, both managing agencies for Lloyd’s of London syndicates.
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AstraZeneca equity cut not influenced by Boots
UK – The recent asset allocation shift that saw the £4.2bn (€6.8bn) AstraZeneca pension fund reduce its equity holdings by five percent in favour of fixed income was not influenced by the Boots pension fund getting rid of its entire equity portfolios last October.
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Austria's APK appoints Boehm to replace CEO Kapl
AUSTRIA- Austria’s e1.5bn APK pension fund has appointed Christian Boehm to succeed Helmut Kapl as chief executive. Boehm has been with APK since its creation in 1989 and was previously Kapl’s second in command.
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Swiss Fund seeks additional managers for €2.4bn
SWITZERLAND – The SFr10bn (€6.8bn) Swiss Post Office pension fund is to begin searching for additional asset managers in March, having already selected UBS Asset Management, Credit Suisse Asset Management and Pictet to run various portfolios for the recently-created fund.
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Italian rail fund to begin manager search in March
ITALY – The Italian State Railways pension fund, Fondo Pensione Eurofer, will begin looking for managers for its €25m assets in March once it has received the regulatory approval from Covip, the Italian pension fund supervisory body.
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Credit Suisse strengthens fixed income teams
UK/GERMANY/ITALY – Credit Suisse Asset Management (CSAM) has promoted three members of its European fixed income management teams based in London, Frankfurt and Milan.
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Newton appoints new head of European equities
UK – Newton, the London-based asset management subsidiary of Mellon Financial Corporation, has appointed Rajesh Shant as investment leader to its European equities team.
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GSAM launches five new pooled funds
UK – Goldman Sachs Asset Management (GSAM), with £40.3bn (€65bn) under management, has launched five new funds aimed primarily at the UK’s medium and small sized institutional pensions market.
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Forsyth launches its first fixed income fund
UK – London based research and investment management company, Forsyth Partners, has launched a new fixed income fund, the Forsyth Global Bond fund.
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Euro to have significant effect on property market
EUROPE – The introduction of the physical euro will have a significant symbolic impact on investor confidence in the European real estate market, suggests Lasalle Investment Management’s (Lasalle IM) latest ‘Investment Strategy Annual’ report....
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Handelsbanken wins SKr920m AstraZeneca bond brief
SWEDEN – Anglo-Swedish pharmaceutical company, AstraZeneca has appointed Handelsbanken to run a new Swedish fixed income portfolio within its SKr2.3bn (€243.3m) pension fund....
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MFS wins SFr50m CERN pensions mandate
SWITZERLAND/UK – The Centre Europeén pour la Recherche Nucléaire (CERN) the Geneva based European nuclear research centre, has appointed London based MFS International to run a SFr50m (€33.9m) active European equity mandate within its pension fund....
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BFr8bn Flanders tender reaches second phase
BELGIUM – The selection process to appoint asset managers for the BFr8bn (€2bn) Flanders healthcare fund has entered its second phase, though no final announcement is expected before next spring, says Edwin De Boeck, managing director of KBC Asset Management in Brussels....
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Julius Baer appoints new CFO
SWITZERLAND - Julius Baer has appointed Rolf W. Aeberli as chief financial officer (CFO) to the group’s executive board, with effect from March next year....
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AMEX announces new fund of hedge funds
US/SWITZERLAND – American Express Bank (AEB) has launched its third fund of hedge funds, the global market neutral conservative fund of funds portfolio....
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Hermes poaches F&C's Mustoe for CIO role
UK – Pensions management company, Hermes, has appointed Nick Mustoe as chief investment officer (CIO) with effect from January 1, 2002.....
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Rothschild wins out in £80m CWFS mandate
UK – Rothschild Asset Management (Rothschild) has beaten rival management groups, Hermes, Gerrard and Tilney, to win the mandate to run the £80m (€127.5m) investment portfolio of the Communication Workers Friendly Society (CWFS)....
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AXA IM serves up new institutional pooled funds
UK - AXA Investment Managers (AXA IM) has launched a new institutional range of pooled pension funds....
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Petroleum fund issues huge $5-8bn fixed income RFP
NORWAY – The NOK547bn (e68bn) Norwegian Government Petroleum Fund has issued one of the world’s largest ever fixed-income RFPs for an expected 15 managers with the size of the mandates varying from $100m to $1bn....
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Nine managers win Petroleum fund equity mandates
NORWAY – The NOK547bn (e68bn) Norwegian Government Petroleum Fund (Petroleumsfondet) has appointed a raft of nine new managers to small and mid cap and sector driven equity mandates....
