Asset Managers – Page 168
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News
Trustee education 'key' to spread of fiduciary management in UK
UK – The key to the development of fiduciary management in the UK is trustee education, according to Philip Read, chairman of the British Coal Staff Superannuation Scheme.
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Editor's Choice: Interview with Bridgewater's Ray Dalio
Martin Steward speaks with Bridgewater Associates founder Ray Dalio, pioneer of alpha/beta separation and ‘risk parity’
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NewsMacquarie snaps up Siemens Austria's asset management business
AUSTRIA – Siemens Austria has sold its asset management arm Innovest to the Macquarie Group.
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NewsTrickett to leave Towers Watson
UK – Towers Watson has informed staff and clients of the departure of its EMEA head of investment consulting, Paul Trickett.
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NewsNeuberger Berman targets pension funds with emerging market equities fund
GLOBAL – Asset manager Neuberger Berman is targeting European pension schemes with an emerging market equities fund proffering diversification from developed markets.
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MNOPF reappoints Towers Watson as delegated CIO, seeks new adviser
UK – The £3bn (€3.5bn) Merchant Navy Officers’ Pension Fund (MNOPF) has re-appointed Towers Watson as its delegated CIO and is finalising an RFP for the appointment of an ongoing adviser.
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NewsDutch catering scheme picks F&C for hedging
NETHERLANDS – The €3.6bn Pensioenfonds Horeca & Catering, the industry-wide pension fund for the Dutch catering and hospitality industry, has appointed F&C for interest-rate hedging.
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NewsEuropean asset managers must adapt to new economics, says Fitch
GLOBAL – A Fitch Ratings report published today says European asset managers need to adapt products and staffing to new macroeconomic trends.
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NewsFrance's proposed changes jeopardising AIFM directive, says Hewitt
EUROPE – Moves by the French government to change the Alternative Investment Fund Management (AIFM) directive are jeopardising the new regulation and could render it meaningless, Hewitt has warned.
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NewsEFAMA urges separate panel devoted to asset management for new EU supervisor
EUROPE – The director general of the European Fund and Asset Management Association (EFAMA) has called for the creation of a consultative panel for asset management matters, as part of a pan-European supervisory body recently agreed by the European Parliament.
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NewsAsset managers set to consolidate, increase scale, says State Street
GLOBAL – Fewer and bigger players applying capabilities across a broad range of asset classes and strategies to deliver solutions rather than products – is the future of Europe's asset management industry as it goes through "unprecedented" change, according to State Street's latest VisionFocus.
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NewsEuropean asset management hubs losing ground to Asian rivals, says PwC
GLOBAL – PricewaterhouseCoopers has predicted that Singapore will overtake London and Boston as the second-largest asset management hub in the world in the next 15 years.
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NewsSweden's Peab fund to invest up to 40% in own shares
SWEDEN – Peab, a Swedish construction and civil engineering company, has together with Folksam, the pension and insurance provider, launched a special fund for Peab employees that will be able to invest as much as 40% in the company's shares.
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NewsSparinvest launches emerging market corporate bond fund
EUROPE – Denmark's Sparinvest has launched an emerging markets corporate bond fund that will apply the company's 'value bonds' investment strategy.
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NewsPension funds in Henderson legal dispute revealed
UK – The dispute between a group of 30 pension funds and Henderson Global Investors over the management of two of its PFI funds has shifted up a gear as some of the biggest names in the UK pensions industry were named as being party to the case.
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NewsStakes raised in Henderson PFI dispute as legal advisers sacked
UK – The stakes in the legal dispute between Henderson Global Investors and a group of 30 pension funds have been raised on news that Henderson has replaced its legal advisers, CMS Cameron McKenna, with Clifford Chance.
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News
Henderson faces lawsuit from 30 pension funds
UK – A group of 30 pension funds is threatening to sue Henderson Group, if it fails to pay substantial compensation for losses incurred by an infrastructure fund, which they claim was promoted as a low risk investment.
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NewsAberdeen touts emerging market debt despite lack of research
GLOBAL – Pension funds should not wait for emerging market debt to become more researched and re-valued, but look to invest now that yield spreads are still attractive, according to Aberdeen.
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News
Cardano's fiduciary management portfolios outperform by 15%
UK – Cardano’s £4bn solvency management portfolios outperformed traditional investment approaches by around 15% over the two years to 30 June, while reducing portfolio risk at the same time, the company said.
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NewsMajedie Investments unveils global equity boutique
UK – Majedie Investments has launched an asset management subsidiary, Javelin Capital, backed by launch capital of £4.5m.
