Asset Managers – Page 198
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News
More bad news for Danske Capital
[16:50 CEST 08-08] DENMARK – Danske Bank’s asset management business, Danske Capital, saw its assets under management decline by 11% to DKr572bn (€76.67bn) at the end of the first half of this year.
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Skandia's int'l arm to unveil new Swedish pension
[16:45 CEST 08-08] SWEDEN – Skandia International will unveil a new pension plan for the Swedish pensions market later this month allowing employers to give executives access to a wider range of pensions investments, but which will is not part of the Skandia Liv offering.
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Fortis still waiting for Ping An
[16:55 CEST 07-08] NETHERLANDS – Fortis is still waiting for approval from the Chinese regulators to complete its €2.15bn joint venture with Chinese insurer Ping An, the Belgian Dutch financials firm confirmed today.
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Allianz increases inflows with help of bonds
[16:40 CEST 07-08] EUROPE – German financial group Allianz managed to grow its net inflows in the asset management business to €33bn in the first half of 2008.
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Capacity of buyout providers in doubt
[14:15 CEST 06-08] UK – Consultancy firm Aon has warned pension buyout providers are buckling under the weight of current buyout demand and are struggling to cope with requests.
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£864m Devonport scheme taps BlueBay
[14:45 CEST 06-08] UK – The £864m (€1.1bn) pension scheme of ship repair company Devonport Royal Dockyard, now part of the Babcock group, has appointed BlueBay to manage a corporate bond mandate.
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News
Passive LDI gives fake security – Pimco
[14:10 CEST 06-08] EUROPE – Structuring liability-driven investing (LDI) as passive mandates can create a false sense of security as some pension funds think they are risk-free, bond fund manager Pimco has warned.
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Welsh fund taps Newton for global equities
[16:40 CEST 05-08] UK – Rhondda Cynon Taff County Council has awarded Newton Investment Management a £221m (€278m) active global equity mandate.
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NewsNorthern Rock pension talks reach impasse
[16:10 CEST 05-08] UK – Sir David Chapman, chairman of the trustees of the £350m (€441m) Northern Rock final salary scheme, has announced talks with the company have come to a halt over “fundamental differences” on investment strategy.
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NewsPPF tenders £100m global equity portfolio
[16:35 CEST 04-08] UK – The Pension Protection Fund (PPF) is seeking a new global equities manager to run a portfolio expected to reach £100m (€126m) in the first year of the contract.
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NewsDeficits near 2007 levels as schemes wise up
[16:50 CEST 01-08] UK – Deficits of the 200 largest UK final salary schemes improved by £8bn (€10bn) during July, as pension funds increased and adopted more sophisticated investment activity during the second quarter of this year, suggests research from Aon Consulting.
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News
Cambridgeshire awards global equity mandate
[16:10 CEST 01-08] UK – The £1.4bn (€1.8bn) pension fund of UK local authority Cambridgeshire county council has tapped RCM to manage a £140m global equity mandate.
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News
£1.2bn Trafalgar House fund replaces Hewitt (amended)
[15:00 CEST 30-07] UK - The £1.2bn (€1.5bn) pension fund of the former UK property conglomerate Trafalgar House has appointed Dutch consultant Cardano as its new investment adviser, replacing Hewitt.
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News
ING takes AZL's fiduciary offering abroad
[12:30 CEST 29-07] NETHERLANDS – ING Investment Management, which has been offering fiduciary management to medium-sized Dutch pension funds since its acquisition of pension fund manager AZL last year, plans to launch a fiduciary proposition abroad.
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News
FTSE 100 pensions yet to review VaR target
[16:40 CEST 25-07] UK – Only a handful of pension funds linked to FTSE 100 are reviewing their Value at Risk (VarR) target and so many are increasing the risk to corporate balance sheets, according to research conducted by accounting firm Deloitte.
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News
Saving should be the new investing - BlackRock
[17:00 CEST 24-07] EUROPE – A study into the attitudes of pension scheme members has revealed many individuals are put off by messages suggesting pensions are an investment, and are more amenable to the concept if described as ‘savings’.
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News
Credit Suisse stems asset bleed
[16:20 CEST 24-07] SWITZERLAND – After major asset outflows in the first three months of this year Swiss bank Credit Suisse has reported more positive figures for Q2, though all is not yet well.
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News
BVI sees trend towards specialisation
[16:45 CEST 23-07] GERMANY – Investors are once again choosing separate providers for portfolio management and fund administration, according to the German investment and asset management federation BVI.
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News
Bundesbank on a pensions roll
[16:30 CEST 23-07] GERMANY – The German federal bank, known as the Bundesbank, has confirmed it has signed yet another deal to look after the asset management of one of the newly-established Pensionsfonds for civil servants.
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News
Demands for SWF transparency 'will fail'
[15:25 CEST 23-07] GLOBAL – Growing demands for transparency by sovereign wealth funds (SWFs) from recipient countries will fail unless more diplomacy is used, asset management giant State Street has claimed.
