Markets – Page 290
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Previdenza puts out tenders for €500m
ITALY – The €500m Fondo Previdenza Mario Negri, the pension fund for directors of the Italian transport, shipping and commercial industries, has put its assets out to tender for managers for a range of equity and fixed income portfolios.
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LRT drops Baring AM from £500m UK equity mandate
UK – The £3.5bn (€5.7bn) London Regional Transport Pension Fund has dropped Baring Asset Management (BAM) from a UK equity mandate originally worth £500m (€821m) in favour of AllianceBernstein and Baillie Gifford.
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SwissAir publishes details of e680m mandates
SWITZERLAND/UK- SwissAir Pension Fund Services has published mandates valued at a total of e680m on IPE-QUEST.com.
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Dumas to split e600m AXA mandate into six
FRANCE – The €800m caisse de retraite and prévoyance group, Groupe Dumas (Dumas), the French lorry drivers retirement savings and benefits management company, is tendering €600m to be split between six asset managers in euro-zone equities and fixed income portfolios.
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ABF launches Luxembourg-based SRI equity fund
FRANCE/LUXEMBOURG – Paris based quantitative management company, ABF Capital Management (ABF), has launched ABF Green Planet Fund, a Luxembourg based socially responsible investments equities fund, which applies a global environmental investment approach.
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Royal London launches new cash management unit
UK – Insurance and asset management group, Royal London, has launched its new bespoke cash management arm, Royal London Cash Management (RLCM)...
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Axa launches second futures hedge fund
FRANCE/IRELAND – French asset managers, Axa Investment Management (Axa IM), has launched its second hedge fund to invest in the futures markets, Axa Futures II...
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AEGON UK adds to its fixed interest team
UK- AEGON Asset Management UK has added to its fixed interest team with the appointment of Stephen Jones as portfolio manager. Jones joins from Britannic where he managed corporate bond investments for institutional and retail funds.
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SwissAir fund announces complete restructure
SWITZERLAND- SwissAir pension scheme is undergoing a wholesale reorganisation of its four individual funds which has already included the launch of two institutional umbrella funds. Over the next two months it is searching via www.ipe-quest.com for managers to oversee five further sub funds with assets totalling Chf1bn (e680m).
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Switzerland's AHV postpones hedge fund investment
SWITZERLAND- Switzerland’s ChF19.7bn (e13.4bn) social security fund AHV has delayed investing 5% of the portfolio in hedge funds in order to focus on developing its global equity portfolio.
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Crédit Agricole launches Nordic sub fund
NORDIC– Crédit Agricole Asset Management has launched a new Nordic region sub-fund within its Luxembourg based fund range, Crédit Agricole Funds (CA-Funds), targeting international institutional investors and third party distributors.
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Dresdner poaches CSAM's Trevor Green
UK- Dresdner RCM Global Investors has appointed Trevor Green as a director of UK and European equities. Green joins from Credit Suisse Asset Management where he was director of the UK equity team under Steve Goldman.
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S&P and Italian exchange to launch joint index
ITALY- Standard & Poor’s and Borsa Italiana are to launch a new index, the S&P/MIB 45, designed to provide a broader and more accurate representation of the Italian equities market.
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Lincolnshire Council to cut equity weighting
UK – The £740m (€1,215m) Lincolnshire County Council pension fund is likely to reduce its equity weighting as a result of an asset liability study (ALS) currently being undertaken to evaluate its investment strategy.
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INVESCO in partnership with Crédit Mutuel Nord
FRANCE – Invesco has entered into a strategic partnership to provide investment management and consultancy services to Multifonds, the asset management arm of French banking group, Crédit Mutuel Nord (CMN).
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INVESCO builds up global equities team
UK- INVESCO has appointed Habib Subjally as head of global equities. Subjally joins from Merrill Lynch and brings with him Manraj Sekhon who has been appointed senior fund manager for global equities.
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PMI picks MLIM and Vanguard for €1bn mandates
NETHERLANDS – The €12.5bn Dutch metal and electronic industries’ pension fund, PMI-SVM has awarded two mandates totalling €1bn to Merrill Lynch and Vanguard.
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HSBC's GIS wins £5bn trade cost analysis mandate
UK – Global Investor Services (GIS), the global custody division of HSBC, has won its first contract for its newly-launched transaction cost measurement service (TCMS) from Wolverhampton City Council, the administrator for the £5bn (€8.2bn) West Midlands pension fund.
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Ireland's NTMA announces first mandate winners
IRELAND- Ireland’s National Treasury Management Agency (NTMA) has announced the appointment of its first three investment managers to run part of the e6.5bn National Pensions Reserve Fund. Barclays Global Investors has been selected to manage a total of e1.8bn in Eurozone and North American passive equities while Bank of Ireland ...
