Markets – Page 285
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Giant Italian fund selects new managers
ITALY – Fondo Pensione Complementare per la Famiglia (Fondo Famiglia), the Italian housewives’ and part time workers’ pension fund, which could potentially include as many as 15 million members, has made its final selection of managers to run its assets....
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Irish pensions association loses director
IRELAND – Des Crowther, director of the Irish Association of Pension Funds (IAPF), has left the association to become chief executive of the Dublin-based Irish Institute of Purchasing and Materials Management....
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UK pension funds still favour equities long term
UK – The flight out of equities into bonds by the £2.3bn (€3.7bn) Boots pension fund in October has not had an influence on other UK pension funds to follow suit, says Northern Trust (NT).
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Managers bullish on UK investment prospects
UK – The UK stock markets and economy are likely to continue to attract inward investment over the next 12 months, despite acceptance since September 11 of a worldwide recession, claims Stuart Fowler, head of UK equities at AXA Investment Managers (AXA IM)....
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Ashburton launches new euro sub fund
UK – Jersey based asset management company, Ashburton, has launched two new sub funds within its Isle of Man domiciled Ashburton Global Funds umbrella.
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Germany ripe for private equity growth
GERMANY – The hitherto disappointing German private equity market is entering a transition phase that will lead to a more sustainable and attractive investment environment, despite a slowdown in the growth of private equity assets last year, says a report by AltAssets, the alternative investments research company....
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SEI cleans up with £55m Davis Service mandate
UK – Multi-manager outfit, SEI Investments, has won a £55m (€88m) global equity mandate from the Davis Service Group (DSG) Retirement Benefit Scheme, SEI’s fifth mandate win this year....
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New European fixed income manager launches
UK/JAPAN – BlueBay, a new European fixed income specialist asset management company has been launched today, with a hedge fund scheduled for launch as its first product early next year....
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Instinet adds European credit product trading
EUROPE – Electronic brokerage agency, Instinet, is expanding its fixed income electronic trading capabilities to include credit products in Europe, in a bid to reflect the rise in issuance and trading in euro denominated products over the past two years.....
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Germany allows pension funds 100% equity scope
GERMANY – Germany’s new pension fund industry has been given a significant boost by the announcement of the finance and labour ministries that the new funds will not now be restricted in their asset allocation policies....
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Schroders appoints senior EAFE manager
Schroder Investment Management (Schroders) has appointed Sheridan P. Reilly as executive vice president and senior Europe and Far East (EAFE) portfolio manager....
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Pension reform protects European equities
EUROPE – European equities could provide a safe haven for investors and potential for long term capital growth, with pensions reform having a significant impact, according to Gartmore research....
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Watson Wyatt enters multi-manager market with CAAM
EUROPE – Crédit Agricole Asset Management (CAAM) has entered into partnership with Watson Wyatt, the global investment consultancy, to develop CAAM’s multi-manager fund business across continental Europe....
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Baring scoops £80m Pirelli fixed income brief
UK – Baring Asset Management (BAM) has won an £80m (€129m) fixed income mandate from the Pirelli Common Investment Fund (PCIF), the UK the Italian tyre and cable company’s UK pensions arm....
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Nasdaq Europe in German exchange alliance
GERMANY – The Berlin Stock Exchange (BSE) and NASDAQ Europe (NE) have announced details of a partnership to create a common trading platform, the first time an international stock exchange has formed a direct link with the German equities market....
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Crédit Agricole signs funds deal with AGF
BELGIUM – Crédit Agricole Asset Management (CAAM), the asset management arm of France’s largest retail bank, Crédit Agricole (CA), has announced that AGF Belgium Bank (AGF) has approved CA-Funds as one of its fund providers.....
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Russell in Spanish multi-manager alliance
SPAIN – Frank Russell Company has formed a strategic partnership with major Spanish financial organisation, Ahorro Corporación, to provide a comprehensive multi-management investment programme to retail investors....
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Mercury risk controls were inadequate, claims Q.C.
UK – Mercury Asset Management (MAM) operated an inadequate system of risk control in managing £1bn in pension assets for the USF fund and took too long to change its risk profile under the terms of a new investment agreement proposed by the Unilever fund, the High Court was told ...
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Punter Southall names two new principals
UK – Consulting actuary firm, Punter Southall (PS), has promoted Gail Chorley and James Saunders to the position of principal, bringing the number of principals at the company to 23....
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Swiss ABB scheme launches new venture fund
SWITZERLAND – The €3.6bn Baden based ABB Vorsorge (ABB) pension fund company has launched its fourth closed-end private equity fund, which has already raised CHF 80m (€54.5m) in its first closing....
