All articles by Jan Wagner – Page 35
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Germany’s BVI sees more institutional outsourcing
GERMANY - Providers of German institutional funds, or Spezialfonds, are increasingly outsourcing the management of their assets, according to new statistics from the BVI, Germany’s fund industry association.
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Germany: Fidelity launches KAG as AUM rises
GERMANY - Fidelity Investments has confirmed the launch of its new German investment company, or a KAG, which will enable it to create and administrate German-domiciled funds for institutional and retail investors.
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Ex-Bayer Pensionskasse CIO in real estate move
GERMANY – Lindner, the firm headed by former Bayer Pensionskasse chief investment officer Jürgen Bader, is to handle portfolio management of a new real estate fund.
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Deutsche denies it plans to sell DeAM in UK
GERMANY - Deutsche Bank has poured cold water on speculation in London that it is on the verge of selling all or part of Deutsche Asset Management in the UK, stressing that its first priority is “to fix the business”.
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Deutsche chief says DeAM UK “under review”
EUROPE - Josef Ackermann, chief executive of Deutsche Bank, has signalled that Deutsche Asset Management in the UK is “under review” and could be sold if the bank fails to restructure the embattled business by the end of the current quarter.
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Janus boosts German sales team
GERMANY - Janus Capital Group has appointed Thomas Döring to the new position of sales director for the German-speaking countries, effective from 1 February.
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Germany rules out mandatory pension saving
GERMANY - The government has ruled out the possibility of private saving for retirement in Germany becoming mandatory, saying its pension reforms of 2001 and 2004 should be sufficient.
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Commerzbank names new asset management head
GERMANY - Commerzbank, Germany’s fourth-largest bank, has appointed Achim Kassow as its new head of asset management operations, effective from April 1.
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Germany’s Chemie misses target despite sales jump
GERMANY - Despite a 25% jump in sales of its pension last year, Chemie Pensionsfonds, the pension fund for Germany’s chemical industry, remains below targets it set itself when it launched, the fund’s chief executive says.
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Germany’s Metzler sees boom in master funds
GERMANY - A boom in so-called “master funds” should enable Germany’s Metzler Asset Management to grow its institutional assets under management in 2005 about as fast as they did in 2004, one of its executives says.
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German ABV pension association names chairman
GERMANY - The Arbeitsgemeinschaft berufsständischer Versorgungseinrichtugen (ABV), an association representing 81 German pension funds, has re-appointed Ulrich Kirchhoff as the chairman of its board.
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Prof. Heubeck looks to future after FJH deal
GERMANY – Embattled German IT company FJH has confirmed it has sold its pensions consulting arm Heubeck back to its founder – who may consider selling a stake.
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Germany has unexpected PAYG pension reserve
GERMANY - Germany’s state-run pay-as-you-go pension scheme ended 2004 with a larger-than-expected sustainable reserve, according to the German social affairs ministry.
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WestAM names new CEO amid institutional push
GERMANY - German institutional fund provider WestAM KAG has appointed a new chief executive and expanded its management board in a bid to invigorate its institutional business in Germany.
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German fund body defends hedge funds
GERMANY – The head of the German fund industry association BVI has dismissed the view that hedge funds have flopped in Germany.
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Hewitt forms German joint venture
GERMANY – International consultancy Hewitt Associates is to form a joint venture with German actuarial and benefits consultancy Bode Grabner Beye.
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Further Fidelity move in Germany
GERMANY -- The German arm of Fidelity Investments has further beefed up its new institutional fund business by poaching of a specialist for investment consultants from Deutsche Asset Management (DeAM).
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Metallrente posts 48% rise in sales
GERMANY - Metallrente, the pension fund for employees in Germany’s metalworking and engineering industries, has posted a 48% rise in sales of its corporate pension in 2004 despite difficult market conditions.
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New shareholders at MetallRente - report
GERMANY - Metallrente, the pension fund for employees in Germany’s metalworking and engineering industries, looks set to get new shareholders as part of a shake-up aimed at boosting sales.