Markets – Page 199
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AXA Rosenberg wins €370m AP7 mandate
SWEDEN - AXA Rosenberg says it has been awarded a €320m pan-European equities mandate by SEK68bn Swedish buffer fund Sjunde AP-fonden.
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Railpen names head of investment management
UK - Railpen Investments, which runs the £17bn (€24.9bn) industry-wide Railways Pension Scheme, has named the Wellcome Trust's Keith Shepherd to the new role of head of investment management.
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IPE-QUEST: Foundation tenders W. Pacific equities
GLOBAL – An Asian foundation has tendered $100+ (€77.5m) in west Pacific (including Japan) equities via IPE-Quest.
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Hermes CIO Mustoe joins Pictet
UK – Nick Mustoe, chief investment officer of Hermes Pensions Management, will quit at the end of May to become CIO head of equities of Pictet Asset Management (updated).
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Schroders wins €617m Countrywide brief
UK - Schroders says it has been awarded a further £421m (€617m) by Countrywide Assured plc in addition to the £400m it already managers.
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Norway’s Baerum tenders €73m in SRI
NORWAY – The Bærum municipality east of Oslo has tendered NOK570m (€73.5m) in socially responsible investing assets.
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Dutch, German, Belgian funds buy Dutch 30-year
NETHERLANDS – Dutch, German and Belgian pension schemes and asset managers were among the investors buying into the Netherlands’ re-opened 30-year bond today, according to market participants.
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Hymans sees shift to global equities, bonds
UK – The UK’s 50 largest fund managers saw an increased shift from UK equities to fixed income and global equities in 2005, according to an annual survey by Hymans Robertson.
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ECB says benchmarks may lead to herding
EUROPE – Institutional investors using benchmarks in managing their portfolios may lead to herd behaviour – and problems for monetary policy - says the European Central Bank.
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IPE-QUEST: Nordic insurer in high-yield RFI
NORDIC – A Nordic insurance company has issued a request for information (RFI) for global high-yield debt via IPE-Quest.
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Transaction cost analysis product launched
UK - An enhanced transaction cost analysis product aimed at UK pension funds has been launched by TradeShare.
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Morgan Stanley IM names alternatives chief
GLOBAL – Morgan Stanley’s prime broker heavyweight and hedge fund specialist, Stu Bohart, has been appointed chief of alternative investments at Morgan Stanley Investment Management.
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Mn Services names equities director
NETHERLANDS - Dutch fiduciary management firm Mn Services has named Patrick Wierckx as director of equities.
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Blue Sky wins €150m Air UK business
UK – Blue Sky Group, which manages the pension assets of KLM, it to run assets of a UK scheme affiliated to the Dutch airline.
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Swiss schemes still cutting domestic securities
SWITZERLAND – Swiss pension funds have continued to cut their allocation to domestic bonds and equities, according to a report from Credit Suisse.
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ATP makes €470m from hedging
DENMARK – ATP, Denmark’s largest pension fund, made a profit of DKK3.5bn (€469.6m), from its hedging activities in the first quarter of 2006.
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French reserve fund grows to €28bn
FRANCE - The FRR, the Fonds de Réserve pour les Retraites or French Pensions Reserve Fund, has grown to €28.1bn after making a 4.3% return on assets in the first quarter.
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Espoo to recruit six fund managers
FINLAND - Finnish city, Espoo, is scouting for investment teams to manage a new €364m fund being created.
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BlackRock reviewing MLIM name
GLOBAL – BlackRock is reviewing the Merrill Lynch Investment Managers product brand name just months after absorbing it.
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Swiss SRI boosted by pension funds – study
SWITZERLAND – Pension funds have been the main reason why Switzerland’s socially responsible investment (SRI) volume has more than doubled since 2001, a new study claims.
