Markets – Page 287
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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....
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UK is the most 'dramatic' major pensions market
UK - The pace of change in the UK pensions market over the last 30 years has been more dramatic than in any other major institutional market, claims Greenwich Associates, the Greenwich, Connecticut based research and consulting firm....
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SFIM/Bank Corluy alliance gets first mandate win
BELGIUM – The strategic alliance created by London-based Singer & Friedlander Investment Management (SFIM) and Antwerp-based private bank, Bank Corluy Effectenbankiers (Corluy), has landed its first mandate, a €27m balanced equity and fixed income portfolio, from the Province of East Flanders pension fund in Belgium....
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One in three UK funds set to up bond exposure
UK – More than a third of the UK’s major companies are considering increasing their pension funds exposure to fixed income following the introduction of the FRS17 accounting standard last year, according to the initial results of a survey by Gartmore Investment Management....
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USF £600m fund was run by 27 year old, court told
UK – Alistair Lennard, one of the fund managers at the centre of the Merrill Lynch/Unilever high court case, was just 27 years old with three years experience as a fund manager and a “hunger for success”, when he took on responsibility for around £600m in UK equities for the ...
