Markets – Page 233
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Janus names Goldman’s Black as CIO, president
GLOBAL – Janus Capital Group, facing an estimated 4.5 billion dollars of withdrawals by institutions, has hired Gary Black from Goldman Sachs Asset Management to be its new chief investment officer and president.
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InterContinental awards E147m to Russell
UK - The InterContinental Hotels Common Investment Fund, the chain’s pension fund, has awarded Russell a 100 million-pound (147 million-euro) international equities mandate that amounts to 30% of its total assets.
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New Italian fund Fondapi seeks asset managers
ITALY – Fondapi, the newly licensed pension fund for small and medium companies, is looking for three asset managers for a total of 56 million euros in mandates.
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Royal Bank shifts to specialists in revamp
UK - The Royal Bank of Scotland has hired seven new specialist asset managers in a revamp of its 12 billion-pound (18 billon-euro) pension fund that was previously exclusively managed by Gartmore and Newton.
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European fund tenders $100m via IPE-Quest
EUROPE – A continental European pension fund has tendered a 100 million-dollar (82 million-euro) Japanese equities mandate via IPE-Quest.
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French reserve fund to focus SRI effort in Europe
FRANCE – The 16 billion-euro French reserve fund says it will concentrate its socially responsible investing approach on large-cap European equities at first.
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Investment Solutions nabs Maiden DB brief
UK – Media owner Maiden Outdoor awarded multi-manager Investment Solutions a 10 million-pound (14.8 million-euro) global mandate to manage British Transport Advertising’s closed defined-benefit pension fund.
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SEB says new pension standard to hit profit
SWEDEN – SEB estimates new pension accounting standards will hit 2004 profit by around 250 million crowns (27.2 million euros).
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BGI appoints new global fixed income CIO
UK - Barclays Global Investors (BGI) has promoted managing director Peter Knez to a newly created position of chief investment officer for global fixed income.
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Airbus selects Invesco for employee pre-pension accounts
GERMANY- Aircraft manufacturer Airbus Deutschland has appointed Invesco Asset Management to administer and manage Lebensarbeitszeit-Konten or working-life accounts for its 18,000 employees.
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State Street joins equity trade platform E-Crossnet
EUROPE – State Street Corp. has become a participant and shareholder in the European equity trading platform E-Crossnet.
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Danish asset manager tenders E40m via IPE-Quest
DENMARK - Consultant Kirstein Finans tendered a 40 million-euro emerging markets mandate on behalf of a Danish asset manager through IPE-Quest.
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Deutsche Boerse, Euronext report strong turnover
EUROPE – Both Deutsche Boerse and Euronext have reported strong turnover figures for February.
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PKA taps PIMCO, Schroders and Danske for EM debt
DENMARK – Pensionskassernes Administration, the third largest pension fund in Denmark, says it has awarded emerging market debt mandates to PIMCO, Schroders and Danske.
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FTSE and ISS to create governance indices
EUROPE – Index provider FTSE has teamed up with US governance ratings group ISS to provide corporate governance indices.
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M&G sees increased allocation to fixed income
UK – M&G won 1.4 billion pounds (2.1 billion euros) in fixed income mandates from institutional business, driven by increased asset allocation by pension funds.
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Laborfonds tenders E20m via IPE-Quest
ITALY – The 190 million-euro Italian pension fund Laborfonds has tendered a total of 20 million euros in equities and bonds through IPE-Quest.
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Italy’s Laborfonds tenders bond, equity mandates
ITALY – Laborfonds, the 190 million-euro pension fund for employees of the Trentino Alto Adige region, has tendered a global bond and a global equity mandate - both worth 10 million euros each.
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DeAM names UK business section heads
UK – Deutsche Asset Management, the second largest manager of European pension assets, has named the heads of its seven new “business streams”.
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Enhanced equities tendered via IPE-Quest
UK - A UK investment consultant has tendered a global enhanced equities mandate worth 170 million pounds (253.3 million euros) via IPE-Quest.
