All articles by Hugh Wheelan – Page 24
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Schroders CEO quits as profits slump
UK - David Salisbury, the chief executive of UK investment management group Schroders has quit the firm, following the publication of half-year figures for the group that showed underlying profits down to £74.2 million (e118m) – 7.4% lower than the £80.1 million in profits earned by the same point last ...
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DJ STOXX launch European sustainability indices
EUROPE – Dow Jones, STOXX and the SAM group is to launch a new range of sustainability indices for European portfolios next month....
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Europe leads the way on SRI, says Cerulli
EUROPE - Europe still lags the US by a long way in the number of institutional portfolios being screened for socially responsible investment (SRI) criteria, with only $28bn worth of assets getting the SRI treatment on the continent compared to $1,336bn in the US, according to the latest figures to ...
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Deutsche lures equity specialist from Dresdner
UK/US - Deutsche Asset Management (DeAM) has hired Steven Laughton from Dresdner RCM in San Francisco as a global equity portfolio manager, in a bid to strengthen the firms global equity capabilities....
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Council of Europe to reinstate funded pension plan
EUROPE – The Strasbourg-based Council of Europe is set to reinstate its funded pension scheme more than 25 years after the original fund was wound up, in a bid to cover looming deficits in the current pay-as-you-go (PAYG) system for financing retirement....
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Royal Bank of Canada in huge rebranding
CANADA - Royal Bank of Canada is rebranding both its Royal Trust and Royal Bank securities and banking services under the new banner of RBC Global Services.
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Danske outsources high yield fund to ING
NETHERLANDS/DENMARK – Danske Capital, the asset management arm of Danske Bank, has appointed ING Investment Management to manage its e200m global high yield fund....
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Britannic buys Blairlogie Capital Management
UK – Glasgow-based Britannic Asset Management (BAM) is to buy Blairlogie Capital Management from its current owner ABN AMRO Asset Management for an undisclosed sum....
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Jupiter launches new Europe/UK SICAV
UK/EUROPE – Jupiter International Group has launched a new Luxembourg based SICAV – the Jupiter Global Active Fund for UK and European institutional investors and discretionary fund managers....
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ABP elects Brinkman as new chairman
NETHERLANDS – The Heerlen based e150bn ABP pension fund has elected Elco Brinkman to become the new chairman of the ABP Council from September 1....
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Northern Trust wins European equity mandate duo
EUROPE - Northern Trust Global Investments (NTGI) has picked up two new globally sourced European equity mandates with appointments to a US$155m portfolio from the Hospital Authority Provident Fund Scheme in Hong Kong (HAPFS) and an undisclosed brief from the Queensland Investment Corporation (QIC) in Australia....
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ABP appoints US quant manager to large cap brief
NETHERLANDS – The e150bn Heerlen based ABP pension fund has appointed US equity quant manager Advanced Investment Technologies (AIT) to manage a large cap core equities portfolio....
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Mercer poaches Phillips & Drew executive
UK/EUROPE - Piers Bertlin has been appointed as a senior investment Consultant and European Partner with William M. Mercer in London, in a move from UK investment manager Phillips & Drew.....
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JPMorgan Fleming merges life companies
UK - JPMorgan Fleming Asset Management is to merge its two heritage life companies by October in a bid to open up its pooled fund range for the UK pensions market.
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Attica wins Allied Worldwide multi-manager mandate
UK - The £40m Allied Worldwide pension scheme has appointed Attica Asset Management (Attica) to manage its entire asset pool through the firm’s multi-manager structure....
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Norwegian e65bn fund posts positive Q2 figures
NORWAY - The NOK522bn (e65bn) Norwegian Government Petroleum Fund returned 1.1% for the second quarter of this year with the upswing in equity markets contributing positively, despite a negative return on fixed income investments....
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FTSE consults on new UK corporate bond index
UK - FTSE has launched a market consultation exercise seeking comments on the development of a new UK focused corporate bond index, which it says reflects the decrease in the supply of UK gilts and the search for alternative investment opportunities....
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Sandvik sets up SEK1bn Swedish pension fund
SWEDEN – Swedish high-tech engineering group, Sandvik, has transferred more than SEK1bn from the company balance sheet into a funded corporate pension plan to meet its pension commitments to salaried employees in Sweden, with the assets to be invested in both Swedish and international markets....
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Deutsche Herold unveils German pension plans
GERMANY – Deutsche Herold Leben has outlined its plans to target Germany’s private and occupational pensions market as outlined under the recent Riester law proposals, saying that it could have a new dedicated institutional company up and running within three months....
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Morley picks up £200m mixed bonds brief
UK - The £1.2bn (e1.9bn) pension fund of T&N, the UK subsidiary of the Federal-Mogul Corporation, has selected Morley Fund Management to manage a £200m bond mandate...
