Markets – Page 286
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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....
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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)....
