All articles by Robert Fuller – Page 11
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iShares launches four new pan-European ETFs
UK – iShares has launched four new pan-European exchange traded funds (ETFs)to be managed out of London by Barclay’s Global Investors....
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Crédit Lyonnais gets Fitch AMR ratings upgrade
FRANCE – Fitch AMR, the Paris based ratings firm, has upgraded Crédit Lyonnais Asset Management’s (CLAM) rating to ‘aa’ from the ‘aa-‘ rating that was awarded last October....
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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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Nestlé sweetens Northern Trust with SFR7bn custody
SWITZERLAND – Northern Trust has won the custody mandate for Nestlé Switzerland’s SFr 7bn (€4.6bn) pension fund.....
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Gartmore sells passive business to State Street
UK – State Street Global Advisors (SSgA) is to take over the £18bn (€30bn) passive equity business of UK fund manager Gartmore for an undisclosed sum, it was announced today....
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NTGI shows right mix for Thermofil £4.7m mandate
UK – The Thermofil Polymers Pension Scheme(TPPS) has appointed Northern Trust Global Investments to run a £4.7m (€7.7m) multi manager brief....
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Scottish Widows to run £17m UK Coal funds
UK – Edinburgh based Scottish Widows Investment Partnership (SWIP) has won the mandate to run £17m (€28m) active bond and cash portfolio for UK Coal Mining Ltd....
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Dutch metalworkers fund forms web deal with Achmea
NETHERLANDS – Dutch metal and engineering workers’ pension fund, Bedrijfspensioenfonds voor de metaalindustrie (PMI), and pensions administrator firm, Achmea, are to cooperate more closely in the future, with particular importance being placed on internet services....
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Northern Trust wins Equitable Life custody
UK - Northern Trust, has won custody of the £17bn (€28bn) UK equity and gilt portfolios of Equitable Life Assurance Society and its subsidiary the University Life Assurance Society....
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Nomura gets go-ahead for Spanish pensions push
SPAIN - Nomura Asset Management (NAM) has been granted permission to register its global fund range with the Spanish stock exchange commission, the Comisión Nacional del Mercado de Valores (CNMV), Spain’s financial markets supervisory body....
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Deutsche boosts Dutch institutional sales team
NETHERLANDS – Deutsche Asset Management (DeAM) has appointed Owen Thiers as vice president, institutional sales, as part of an expansion of its Dutch institutional sales capabilities....
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UK nurses pension fund bought by life insurer
UK – Liverpool Victoria Friendly Society (LVFS) is to acquire the Royal National Pension Fund for Nurses (RNPFN) in a deal worth approximately £248m (€409m).....
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General Motors appoints Man as hedge fund advisor
UK – Glenwood, a wholly owned subsidiary of the Man Group, the international hedge fund and futures broker, has been appointed as strategic hedge fund consultant to General Motors Investment Management Company (GMIMCo).....
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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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Oppenheimer buys hedge fund outfit Tremont
US – Tremont Advisers, the alternative investment and hedge fund advisory firm has been bought out by Oppenheimer Acquisition Corp, the parent company of OppenheimerFunds, which currently has $120bn (€140bn) in assets under management.....
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Yorkshire fund awards £15m venture brief
UK – Aberdeen Murray Johnstone Private Equity (AMJPE) has won the mandate to manage and advise a new segregated £15m (€25m) private equity fund, Yorkshire Investors III, to be launched by the £5bn West Yorkshire Pension Fund (WYPF)....
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Yates takes Phillips & Drew top slot in September
UK – Paul Yates is take over from Robin Hindle Fisher as chief executive of UBS owned UK fund manager Phillips & Drew from September....
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Survey reveals European traits on investment
LUXEMBOURG – A survey carried out by Crédit Agricole Indosuez Luxembourg looking at the values and beliefs of European investors, and whether culture influences financial decision making, reveals that that 38% of Europeans believe stocks are the best long term investment, with 43% of Germans saying that investing is fun. ...
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US report issued on NAV/fair value practices
US – Capital Market Risk Advisors (CMRA), the New York based risk management specialist advisory firm, has published the results of its recent Net Asset Value (NAV) / Fair Value practices survey in the US.
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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....
