Asset Managers – Page 193
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NewsCall for pension sea change
[11:30 CET 21-11] EUROPE - Pension funds, asset managers and consultants need to completely change the way they are working together to ensure the future of pension provision but not through new outside regulation, Amin Rajan, CEO of Create-Research, told delegates at the IPE seminar in Barcelona yesterday.
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NewsManagers urge funds 'ask questions'
[16:10 CET 20-11] IPE SEMINAR – Asset managers say pension funds should ask a lot of questions on managers’ approaches and general market assumptions in times of crisis, in order to make the right investment decision.
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NewsING IM snaps up Altis (amended)
[15:30 CET 20-11] SWITZERLAND/ NETHERLANDS – Altis Investment Management, the Swiss-based multi-manager affiliated to Cardano, has been bought by ING Investment Management.
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Lehman alternative beta team goes it alone
[16:00 CET 19-11] FRANCE – The team responsible for Lehman Brothers’ Asset Managment’s anti-benchmarking methodology for pension funds today said it would continue as an independent organisation after a full management buyout (MBO).
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PGGM mulls third pillar fund
[16:55 CET 18-11] NETHERLANDS – PGGM, the newly-separated pension provider of Dutch pension fund PFZW, is considering launching a new investment fund for its members.
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Waltham Forest seeks permanent investment adviser
[16:55 CET 18-11] UK – The London Borough of Waltham Forest is seeking an investment adviser to help develop a strategy for its £444.1m (€528.2m) pension fund.
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401(k) model could up pensions by 30%
[16:25 CET 18-11] UK - The Pension Policy Institute (PPI) has claimed introducing early access to pension savings on a ‘loans and withdrawals’ model similar to the US 401(k) could increase the aggregate size of pension funds by 30% by 2050.
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Putnam to fix 'leaky' equities bucket
[16:10 CET 18-11] GLOBAL – Boston-based fund manager Putnam Investments wants to fix its weak spot of continued outflows with a broad fund shake-up under new chief executive Robert Reynolds.
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Capital International rethinks strategy
[16:25 CET 17-11] UK - Capital International, the UK arm of reclusive US-based asset manager Capital Group, says it is rethinking its strategy as its traditional defined benefit pension fund business reaches maturity.
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HSBC asset mgmt executive 'facing murder charge'
[16:00 CET 17-11] UK - Neil Ellerbeck, chief investment officer for liquidity at HSBC Asset Management, was due in court today accused of murdering his wife, according to press reports.
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Dufas launches fiduciary management principles
[15:45 CET 17-11] NETHERLANDS – Dufas, the Dutch Fund and Asset Management Association (Dufas), has published a check list for good practice in fiduciary management of pension funds.
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TBLI Conference: governance failure to blame
[15:40 CET 17-11] GLOBAL – A failure of governance is to blame for the current credit crisis, delegates at this year’s Triple Bottom Line Investing (TBLI) conference in Amsterdam heard
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Scandinavian fund seeks equity manager
[16:45 CET 14-11] SCANDINAVIA – A Scandinavian industry-wide pension fund is seeking a manager for a $100m (€79m) Japanese equity mandate, using IPE Quest.
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NewsAPG to sponsor asset management start-ups
[16:00 CET 13-11] NETHERLANDS – APG, the newly separated asset manager of giant Dutch pension fund ABP, has said it is considering putting cash into a new fund for start-up asset managers.
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Morgan Stanley cuts 9% of asset mgmt jobs
[15:30 CET 13-11] GLOBAL – US banking giant Morgan Stanley says it plans to cut 9% of jobs in its loss-making asset management division.
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NewsUK consults on employer debt changes
[16:30 CET 12-11] UK – The UK's Department for Work and Pensions (DWP) has issued an informal consultation on whether to revise the rules relating to employer debt provisions.
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NewsNestlé fund axes underperforming Mellon, JP Morgan
[16:30 CET 12-11] SWITZERLAND – Robusta, the Irish-listed fund vehicle for food firm Nestlé’s small to medium sized pension investments, has terminated Mellon Global Investments and JP Morgan Asset Management.
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NewsActive management 'will survive crisis'
[15:30 CET 12-11] GLOBAL – The trend towards active asset management will survive the current economic crisis, says a prominent Austrian pension fund manager.
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NewsDutch port workers to snub Optas pension offer
[15:40 CET 11-11] NETHERLANDS – Dutch harbour workers are unlikely to accept the recent offer of €350m towards their pensions from insurer Optas Foundation, according to workers’ representatives.
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Julius Baer investment chief departs
[12:20 CET 11-11] SWITZERLAND - Beat Wittmann, chief executive of investment products at Swiss private banking group Bank Julius Baer & Co. Ltd., is to depart after less than a year in the job amid a major rethink of strategy.
