Real Estate – Page 103
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News
ING sells Baring AM to MassMutual, Northern Trust
GLOBAL – ING Group is to sell Baring Asset Management’s investment management activities to MassMutual, while Northern Trust will buy the unit’s fund administration arm.
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UBS portfolio manager to join Kempen
NETHERLANDS – UBS’s Daniel van Akkeren is to join Kempen Capital Management in the Netherlands as a senior portfolio manager of European real estate securities.
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Germany’s Deka in E1.9bn outflow
GERMANY - Deka Bank, Germany’s third-largest provider of institutional funds, or Spezialfonds, has admitted that outflows from its Spezialfonds totalled 1.9 billion euros in the first nine months of 2004.
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Italy’s Generali ‘to benefit from pension reform’
ITALY - The Italian insurer Assicurazioni Generali SpA will capitalise from the pension reform in the medium term, says rating agency Standards & Poor’s.
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ABP continues to buy into UK real estate firms
UK/NETHERLANDS – The 160 billion-euro Dutch civil service pension fund Stichting Pensioenfonds ABP has continued its push into the UK real estate market with the acquisition of a stake in small-business landlord Workspace Group Plc.
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News
DeAM set for sweeping revamp - report
GERMANY - Kevin Parker, the new head of Deutsche Bank’s asset management activities, is to unveil a sweeping restructuring, placing a particular emphasis on embattled Deutsche Asset Management in the UK, a German newspaper has reported.
