Markets – Page 245
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Hoogovens makes one millionth IPE.com “hit”
EUROPE – IPE.com has reached one million article reads – with a portfolio manager with a Dutch corporate pension fund winning the prize for becoming the one millionth reader.
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Five new mandates tendered via IPE-Quest
EUROPE – There have been five new mandates tendered via IPE-Quest, one from a Scandinavian industry-wide pension fund and four from a Swiss corporate pension fund.
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AP7 looks at e1bn active currency overlay strategy
SWEDEN – The Stockholm-based e2.9bn AP7 fund looks set to introduce an actively managed currency overlay strategy that could be worth up to e1bn next year, in the pursuit of greater outperformance.
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LODH beefs up fixed income team with hires
UK – The London-based asset management arm of Swiss firm Lombard Odier Darier Hentsch (LODH) has appointed Christine Farquhar to head up its fixed income division, as part of a move to boost its bond expertise in the UK.
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Goldman Sachs asset mgmt revenues fall 9%
US – Revenues at Goldman Sachs’ asset management division fell nine percent in the second quarter.
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HSBC says UK pension funds rise 10%
UK – HSBC says balanced pooled pension funds in the UK increased in value by more than 10% in the three months to May 30 – with Baillie Gifford the best performing manager.
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Goldman Sachs AM loses E6.8bn in British Coal revamp
UK - The 10 billion pound (14 billion euro) British Coal Staff Superannuation Scheme has withdrawn 4.8 billion pounds (6.8 billion euros) from Goldman Sachs Asset Management -but says GSAM remains a "favoured manager".
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Aegon Asset Management fixed income head leaves
UK – The head of fixed income at Aegon Asset Management UK, Malcolm Jones, has left the company.
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Investment consultant named to AP2 board
SWEDEN – The government has named investment consultant Märtha Josefsson to the board of the 12.8 billion-euro second Swedish national fund Andra AP-fonden.
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Scandinavian fund puts two mandates on IPE-Quest
SCANDINAVIA – An industry-wide pension fund in Scandinavia has put two equity mandates out to tender via IPE-Quest.
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UK's Kent taps Baillie Gifford for equities
UK – Kent County Council has appointed Baillie Gifford to manage a 170 million pound (240 million euro) global equity mandate for its pension fund.
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UBS sees UK pension assets growing rapidly
UK – UBS Global Asset Management reckons UK pension assets will grow to 1.4 trillion pounds (1.98 trillion euros) by the end of 2012 – saying there a number of trends that point to “rapid future growth”.
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US’s TIAA-CREF names Monrad as finance chief
US – US pension fund TIAA-CREF has named former Coopers & Lybrand partner Elizabeth Monrad as chief financial officer.
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Fidelity tops poll of European fund managers
EUROPE – Fidelity Investment Services has been voted the leading pan-European fund management firm in the Thomson Extel survey.
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Belgian fund puts two debt briefs through IPE Quest
BELGIUM – A Belgian pension fund is tendering two mandates in global high yield and global emerging market debt via IPE Quest.
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Consultant places Euro 690m mandates on IPE Quest
GERMANY – Five mandates totalling 690 million euros have been tendered by an investment consultant on behalf of a German institutional investor on IPE Quest.
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Byblos fund in Italy tenders three mandates
ITALY – The Italian graphics, paperworks and publishing industry sector-wide pension fund, Fondo Pensione Byblos, is tendering three mandates for its 41 million euro fund.
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AP3 appoints Axa Rosenberg and Batterymarch for Euro325m briefs
SWEDEN – The third Swedish national pension fund, AP3, has appointed Axa Rosenberg Investment Management and Batterymarch Financial Management as managers of a US small and midcap equities portfolio.
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Robeco partners with Russell in multi-manager offering
NETHERLANDS –Rotterdam-based investment manager Robeco and US multi-manager operator Frank Russell Company have signed a partnership deal to launch a multi-manager product into the Dutch retail market from autumn this year.
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Italian pension fund assets jump 40% in 2002
ITALY – Latest figures from Italian pension fund supervisory authority, COVIP, show a rise of 6.8% in the number of subscribers to Italian supplementary pension funds in 2002 from 2001.