Asset Managers – Page 195
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News
Isle of Wight overhauls fund management
[16:40 CEST 07-10] UK – The £258m (€332m) Isle of Wight pension fund is seeking five new investment managers for a range of contracts including property, bonds and equities.
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Danish fund to invest in inflation-linked bonds
[16:)) CEST 06-10] DENMARK – A Danish pension fund is looking for managers to manage a $200m (€147m) global inflation-linked bonds mandate, using IPE-Quest.
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BNP Paribas takes on Fortis Investments (Update I)
[14:15 CEST 06-10] EUROPE – French bank BNP Paribas has acquired Belgo-Dutch bancassurance group Fortis’ investments business in a deal dubbed a "quantum leap" for the bank's asset management.
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Ballangen municipality seeks pension provider
[17:15 CEST 03-10] NORWAY – Ballangen kommune in Norway is seeking a provider to run the occupational pension scheme for the municipality.
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Camden to consolidate custody services
[17:20 CEST 03-10] UK – Camden County Council is seeking a global custodian for its £730m (€927m) local authority pension fund as part of its restructuring process.
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IAM expands onto the continent
[17:00 CEST 02-10] SWEDEN – International Asset Management (IAM), the fund of hedge fund manager previously owned by ABN Amro Asset Management, has opened a branch in Stockholm – its first office in continental Europe.
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Ping An and Fortis: the deal is off
[15:15 CEST 01-10] NETHERLANDS/ BELGIUM – Partially-nationalised bancassurer Fortis has announced the €2.15bn deal to sell half of its asset management business to Chinese insurer Ping An is unlikely to be completed.
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Fortis' Artemis sees management buyout as 'option'
[13:00 CEST 01-10] UK – London-based investment manager Artemis Asset Management today said a buyout by its management could be an option for the future of the company, after Fortis announced it has increased its equity interest to become the sole shareholder.
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JP Morgan gets third chunk of buyout market (amended)
[16:55 CEST 30-09] UK – Investment bank JP Morgan Chase has today confirmed it has signed a third deal allowing it to buy into the buyout market.
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Dexia denies asset management sale
[16:50 CEST 30-09] BELGIUM – Belgian-French bank Dexia today categorically denied it would sell a part of its asset management business to raise more capital, though admitted expansion plans have been suspended.
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Shake-up changes SGAM head
[15:15 CEST 30-09] FRANCE – Alain Clot is moving into a new role and Jean-Pierre Mustier is to become the head chief executive of Société Genérale Asset Management, in a series of major changes to the group’s senior management.
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Lehman’s asset management sold to private equity
[13:00 CEST 30-09] GLOBAL – The bulk of Lehman Brothers’ asset management business, including the private equity division Neuburger Berman, is being moved into a new independent company carrying the Neuburger name, in a deal won by two private equity firms and its senior management.
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NewsPension funds keep watch over Fortis
[16:55 CEST 29-09] EUROPE – European pension funds will be keeping a watching brief over Fortis Investments in the coming months after today’s developments at its parent company, as a significant number of the firms either have mandates with the asset management arm or have recently held stocks in the ...
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News
Strathclyde and E.On next to suspend stock lending
[16:55 CEST 29-09] UK – The £9bn Strathclyde pension fund, one of the largest local authority pension funds, and the £5bn E.On scheme have suspended stock lending on all shares.
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Investment arm untouched by Fortis rescue
[14:15 CEST 29-09] EUROPE – Fortis Investments is 'unharmed' by the €11.2bn rescue action from the Benelux governments today, though the Belgian-Dutch bankassurer is still waiting for a €2.15bn cash injection from Chinese insurer Ping An.
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Dutch institutions shun indirect real estate
[17:15 CEST 26-09] NETHERLANDS – Dutch institutional investments in indirect real estate declined by 17% last year in favour of a growth in direct real estate portfolios, a new report claims.
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NewsGet buyout quotes asap – Vassiliades
[17:00 CEST 26-09] UK – Danny Vassiliades, head of corporate advice at Punter Southall, has warned pension funds who are considering a buyout to de-risk their scheme should get a quote as soon as possible.
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Credit crunch pushes liability hedging, despite Lehman
[17:05 CEST 25-09] UK – UK pension funds are increasingly looking into liability hedging structures, despite the collapse of several banks acting as counterparty, according to Mark Davies, investment director at P-Solve.
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Dutch fund seeks fund of hedge funds
[17:00 CEST 25-09] NETHERLANDS – A Dutch pension fund is looking for manager to manage a €10m global fund of hedge funds mandate, using IPE-Quest.
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Pension funds limit derivatives default risk
[16:45 CEST 24-09] UK – Pension funds could have suffered huge losses on their derivatives positions last week had they not demanded such tough terms on collateralisation and mark-to-market valuations, according to investment consultant Watson Wyatt.
