All articles by Fennell Betson – Page 11
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News
EAMA and FEFSI seek modified capital adequacy rules
BELGIUM – The European investment management industry is still pressing the European Commission to modify further its approach for operational risk for investment firms.
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News
Consultation on pensions directive starts today in UK
UK - The British government has announced that a two-month consultation period on implementing the EU occupational pensions directive begins today and has published a consultation document.
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GAM and Man launch multi-strategy hedge offerings
UK – Two major investment groups active in the hedge marketplace, GAM and Man Investments have launched multi-strategy vehicles.
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T Rowe Price names Dutch institutional head
NETHERLANDS – T Rowe Price has named Lombard Odier Darier Hentsch’s former Netherlands marking director as head of its institutional business in the Netherlands and Belgium.
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Features
Sticking to your last
David Testa sits square in his chair as chief investment officer at T Rowe Price in Baltimore. His chair may swivel, Testa doesn’t. He’s seen most of it before and he ain’t for turning. That’s not surprising since he has been with the firm since he was hired as an ...
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Features
Preparing for battles ahead
It may not be saying much, but custody has never been so exciting as it is in Germany at the moment. For one thing, the master KAG concept is putting global custodians on the map as nothing has before. And, of course, there is matter of State Street digesting the ...
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News
Pension allocation to property under discussion
US – The amount pension funds should allocate to real estate has come under discussion by pundits at the Pensions Real Estate Association’s conference in Boston.
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Features
JP Morgan makes 'master KAG' move
Global custodian JPMorgan Chase has gone into the ‘master KAG’ business in Germany. “Our aim is to strip out the administrative part of the JPMorgan Fleming KAG and decouple the asset management from this,” says Arnulf Manhold, business executive of the US bank’s investor services in Frankfurt. From the beginning ...
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UK public sees property providing pensions
UK – Around 40% of the British public say their residential property investment will provide them with an income in retirement, according to a new report. This view is most entrenched among younger people.
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News
J P Morgan sets up Master KAG in Germany
GERMANY – J P Morgan Chase is expanding its business in Germany by splitting its administration and asset management business and creating a Master KAG.
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BNP Paribas in move to open German market to international funds
FRANKFURT – BNP Paribas Securities Services has entered an arrangement with service providers in the German marketplace to enable Luxembourg and Dublin-based investment funds to have the same subscription and settlement services as domestic mutual funds.
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News
Bilbé quits at custodian Brown Brothers Harriman
UK - After 18 months as managing director of Brown Brothers Harriman (BBH) in London , David Bilbé has reigned. This is for personal reasons, as he wishes to pursue alternative career opportunities, he said.
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State Street has net loss of 23 million dollars in Q2
US – State Street Corporation has announced a net loss of 23 million dollars on revenues of 1,082 million for the quarter ended June 30. For the first six months, total revenues came to 2,102 million dollars and net income to 73 million dollars.
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News
Ashcourt acquires BWH to boost asset offering
UK – Asset manager Ashcourt Holdings is about to acquire another London-based manager Barney Wilkins & Howard (BWH). The deal will add significantly to the assets managed by Ashcourt, increasing these from 250 million pounds (361 million euros) to 350 million pounds.
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News
JP Morgan Fleming adds to the dynamic range
LUXEMBOURG – Fund group JP Morgan Fleming is adding to its ‘dynamic range’ of investment funds by introducing the JPMF US Dynamic Fund later this week, following the mould of the UK, Europe and global dynamic funds, which have raised 650 million euros since launch. It is targeted at ...
