Markets – Page 289
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Royal London gets Carter as CIO
UK – Independent investment management company, Royal London Asset Management (RLAM) has a new chief investment officer, Andrew Carter.
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New CIO at Phillips & Drew
**New CIO at Phillips & Drew** UK – Matthew Stemp is new chief investment officer at Phillips & Drew (P&D), replacing Robin Apps who has left the company.
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AUM of European institutional managers rise 38%
FRANCE / GERMANY / ITALY / BENELUX – Assets under management by European institutional managers only rose 38% in 2000, compared to 65% in 1999...
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State Street in Global Link trading service launch
US – Global Link, Boston based State Street Corporation’s internet and e-finance arm, has launched the Multi-Bank Global Trading Support Services (Multi-bank GTSS) system...
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Andrew Ross is new chief executive at Cazenove
**New Chief Executive at Cazenove** UK – Andrew Ross has been named as new chief executive of London based Cazenove Fund Management. Ross was previously chief executive at HSBC Asset Management (Europe).
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Aon to launch multi-manager funds for UK
UK – Aon Consulting is to launch a new investment management company later this year, Aon Asset Management, which is expected to have between £500m (€815m) and £1bn (€1.6) in assets under management...
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Smith & Nephew awards £120m multi-manager mandate
UK – Smith & Nephew, the London based international medical device development and marketing firm, has appointed Frank Russell to manage through its multi-manager funds a £120m (€195m) portion of Smith & Nephew’s £220m UK pension fund
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Italian group picks Pimco for E300m bond portfolio
UK / ITALY – Pimco Europe has secured two specialist investment grade US bond mandates from Italian banking group, Fondi Monte dei Paschi di Siena (MPS) worth €300m.
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CSAM announces fixed income fund for Hungary
UK – Crédit Suisse Asset Management (CSAM) is to launch a fixed income mutual fund in Hungary.
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Hay Hall fund gives €6m mandate to Northern Trust
UK – London-based multi-manager group, Northern Trust Global Investments has won a €6m mandate from the Birmingham-based specialist engineering group, Hay Hall…
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Rockwood selects SEI for €25m multi-asset mandate
UK – SEI Investments has won the £15m (€25m) specialist multi-asset mandate from Rockwood Specialties is to run Rockwood’s new defined contribution arrangement.
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Zurich fund invests SFr300m with Philips & Drew
SWITZERLAND – The SFr12bn pension fund of the city of Zurich (Pensionskasse der Stadt Zurich – PKZ) has appointed UK fund manager Phillips & Drew to manager an approximately SFr300m (e199m) passive global equities mandate....
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Managers bullish on equities despite slow down
UK – Global fund managers are bullish about equity trading worldwide, despite the slow down in the markets, according to a monthly survey carried out by Merrill Lynch....
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Germany announces insurer investment plans
GERMANY – The liberalisation of German insurance companies’ investment criteria has taken a step forward with the German Ministry of Finance finally proposing to raise the quota for equity investments from 30% to 35%....
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Full details of Irish reserve's e6bn outsourcing
IRELAND – The Irish National Pensions Reserve Fund Commission, the body appointed to oversee the management of the e7bn National Pensions Reserve Fund has revealed full details of the huge RFP for around a dozen investment mandates equalling e6bn in assets, as revealed by IPE-Newsline last Friday....
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NTMA unveils e6bn mandates
IRELAND – The Irish National Pensions Reserve Fund (NPRF) has finally unveiled details of the enormous tender process through which it will hire managers to invest approximately e6bn in assets.....
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Portugal's e3bn reserve fund to start outsourcing
PORTUGAL – The e3bn Lisbon based Portuguese pension reserve fund, created in 1989 to plug the future hole in Portugal’s social security retirement payments, could outsource up to 20% of its assets to external managers by the end of the year....
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Old Mutual splits chairman and chief exec roles
UK – Old Mutual is to split the role of chairman and chief executive officer within the group. Michael J Lovett is to continue as Chairman, whilst his former chief executive role will go to James Sutcliffe, who was previously on the board of Old Mutual with responsibility for ...
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SEI starts Italian multi-manager joint venture
ITALY – SEI Investments has set up a joint venture relationship with Italy’s Bipiemme Gestioni, the asset management arm of Banco Popolare di Milano (BPM) to launch a manager-of-managers programme for bank branches and other distribution channels....
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Norwegian fund appoints Den Norske and Pareto
NORWAY – The NKr 800m (€101m) Larvik Primary Fund, the fund established to support the city of Larvik’s local economy has awarded two active segregated balanced mandates to Den Norske Bank Asset Management (DNB) and Pareto Asset Management....
