Asset Managers – Page 171
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NewsDC members should not be left to make investment decisions
GLOBAL – The growth of defined contribution pensions risks leaving investment decisions to less financially educated scheme members, warns Paul Verdin of Solvay Business School – while providers may be reluctant to provide direction for fear of legal liability.
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Alternatives regain favour: EIAMS 2010
EUROPE - Hedge funds and real estate are regaining favour according to IPE’s extensive new survey on the investment activity of pension funds in Europe, which was carried out in partnership with Invesco.
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CBI predicts one-off profit spike for UK asset managers
UK – Asset managers are likely to see their profits grow this quarter, but it will be a one-off spike, the Confederation of British Industry (CBI) has warned.
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Nordic institutional investors abandoning long-term SAA, says Union
EUROPE – German asset manager Union Invest is seeing increasing demand in its absolute return and capital preservation strategies, particularly among Anglo-Saxon and Scandinavian institutional investors.
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NewsSwiss corruption saga continues as media storm gathers over Complementa
SWITZERLAND – The Swiss media has swarmed around yet another player in the ongoing corruption scandal involving the civil servants pension fund for the canton of Zurich (BVK).
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Asset managers expecting global surge in M&A activity
GLOBAL – Asset managers are expecting to see a wave of international merger and acquisition (M&A) activity over the next 12 months, according to a survey by KNEIP.
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Belgium's RHJ acquires KBC's Irish subsidiary for €23.7m
EUROPE – KBC Asset Management has agreed to sell its Irish subsidiary to Belgium-based RHJ International for €23.7m.
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NewsItalian asset managers struggling with new rules, survey says
ITALY – Asset managers in Italy may be hard pressed to comply with new governance rules taking effect at the end of this month, according to a survey from RBC Dexia.
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NewsNewAlpha launches fourth hedge-fund seeding fund
EUROPE – NewAlpha, a hedge-fund seeding specialist, has launched its fourth seeding fund.
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Payden & Rygel Global launches Sterling Reserve fund
UK – A fund has been launched to provide pension fund investors with a high-quality investment strategy intended to deliver better yields than those available from bank deposits and money market funds.
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Canton of Zürich pension scheme sacks head of asset management
SWITZERLAND – The head of asset management for the canton of Zürich pension scheme has been sacked after 20 years in government service after the regional government said its trust in him had been "damaged".
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Most fund managers believe euro-zone equities undervalued, report says
EUROPE – More than half of European fund managers think euro-zone equities are undervalued, according to a survey by Bank of America Merrill Lynch (BofA ML).
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BT&T's Meier arrested in connection with canton of Zürich pension fund scandal
SWITZERLAND – Walter Meier, head of the Swiss venture capital firm BT&T Timelife, was arrested in connection with the enquiry into an alleged corruption scandal at the Zürich Pensionskasse for civil servants.
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Extensive hedge bolsters cover ratio for ING pension scheme
NETHERLANDS – The €12.3bn pension fund of bancassurer ING is on track to keep its financial reserves above the required level due to an extensive hedge of both interest risk and equity risk.
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Asset managers to focus on building trust, increasing transparency
GLOBAL – A large majority of asset managers worldwide consider clients' trust and transparency as the biggest challenges during the coming years, according to consultant KPMG.
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Head of Swiss BVK asset management team arrested for misconduct
SWITZERLAND – The head of asset management at BVK – the manager of the Pensionskasse for civil servants in Zürich – has been arrested for alleged misconduct and corruption, the canton's finance department has confirmed.
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Investors pull €1bn from German equity funds in April, says BVI
GERMANY – Equity funds in Germany lost almost €1bn worth of funding in April, according to the Bundesverband Investment und Asset Management (BVI).
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European institutional assets surpass €5 trillion
European institutional assets were €5.2trn at end-2009, up 8.3% from previous year (€5.2trn) Total AUM of IPE’s Top 400 Managers 2010 is €29.1trn (€23.4trn in 2009) Increase in overall AUM of 24.3% over 2009 BlackRock accounts for 7.9% of assets in study and is largest ...
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Dutch DC providers still fail on cost transparency – AFM
NETHERLANDS – Insurers still do not provide sufficient clarity about the costs they charge on defined contribution (DC) arrangements, causing overly high retirement expectations among members, according to the Netherlands Authority for the Financial Markets (AFM).
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Swedish roundup: Pioneer, fee structures, Max Matthiessen, Länsförsäkringar Liv
SWEDEN – Mats Langensjö, the head of Nordic institutional business at Pioneer Investments, is leaving the company as a result of a change in focus away from the defined contribution (DC) pension sector.
