All Alternatives articles – Page 141
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MAN, Deka in German hedge venture
GERMANY – MAN Group, a UK-based specialist in hedge funds, is teaming up with Germany’s Deka to offer a fund of hedge funds, or Dachhedgefonds, to German retail and institutional clients from the first quarter of 2005, IPE has confirmed.
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Gartmore UK CEO Jones quits, may run own firm
UK – Glyn Jones, chief executive of Gartmore in the UK, has resigned, with group CEO Paul Hondros taking direct responsibility for the firm’s integrated business.
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Italian railway scheme selects first managers
ITALY - Eurofer, the 104 million-euro pension fund for railway workers, has selected its first asset managers.
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Schroders loses further E3.8bn institutional assets
UK – Schroders says it lost 2.7 billion pounds (3.8 billion euros) in institutional assets in the third quarter, including 1.6 billion pounds in fixed income assets managed for a single client.
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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.
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Assets surge at Dutch schemes’ hedge fund unit
SWITZERLAND – Assets under management at Harcourt Investment Consulting, the Swiss fund of hedge funds business that is ultimately majority owned by ABP and PGGM, have risen by 65% in the first nine months.
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F&C says poised to decide on outsourcing
EUROPE – The merged F&C-ISIS is poised to issue an announcement tomorrow about the outsourcing deals the combined group has with J P Morgan and Mellon.
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Bank of Ireland AM gets new CEO amid outflows
EUROPE – Bank of Ireland Asset Management has named a new chief executive – Rothschild’s Kevin Dolan - amid a loss of 7.7 billion euros in assets under management.
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Fidelity set to launch German KAG
GERMANY - Fidelity Investments says it is to launch a German investment company, known as a KAG, from January 2005 to create German-domiciled funds for institutional and retail investors.
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BT to invest in hedge funds via new Hermes fund
UK – The 34 billion-euro BT Pension Scheme’s allocation to hedge funds is to be invested via a Guernsey-domiciled offshore vehicle run by Hermes.
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Call for hedge funds to adopt code of conduct
GLOBAL – Managers dealing in unregistered hedge funds are being invited to adopt a draft code of conduct presented by the CFA Centre for Financial Market Integrity.
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Blood and Gore set up London-based asset manager
UK – Former US Vice President Al Gore and former Goldman Sachs Asset Management CEO David Blood have set up a new London-based asset management firm targeting pension funds.
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PME cites single manager risk for F&C withdrawal
LONDON - PME, the 14 billion-euro Schiphol-based metal workers fund, has switched one billion euros of assets away from F&C Management to new providers.
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Italy’s Solidarieta’ Veneto tenders for managers
ITALY - Solidarieta’ Veneto Fondo Pensione, the regional pension fund for blue-collar workers, is looking for three asset managers for its 60-million-euro fund.
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IPE-Quest has 13 searches worth E1bn
GLOBAL – Thirteen new searches worth more than a billion euros have gone live on IPE-Quest, IPE’s online mandate matching service, in the last few days.
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CSAM posts lower Q3 revenues and inflows
SWITZERLAND – Credit Suisse Asset Management has posted lower revenues and new asset inflows in the third quarter.
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Hermes hires London pension scheme’s Nash
UK - David Nash, investment officer for the 2.8 billion-pound (4.02 billion-euro) London Pensions Fund Authority, has left the pension fund to join Hermes Pensions Management.
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Deloitte unveils pension pooling for multinationals
EUROPE - Professional services firm Deloitte has launched a pension pooling offering and said it is working with consumer products group Unilever on implementing pooling in practice.
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Deutsche asset strategy queried amid AUM slump
GERMANY – Deutsche Bank’s asset management strategy has come under scrutiny in the wake of disclosures that its institutional fund arm DeAM lost 13 billion euros in assets in the third quarter.
