Markets – Page 253
-
News
RBC unit eyes European bond, equity mandates
UK – The new chief operating officer at the Royal Bank of Canada’s Voyageur Asset Management says that managing US equity and bond mandates of European pension funds will be key to its expansion.
-
News
Glasgow IM ousts MLIM at Diageo
UK – UK drinks company Diageo says it has appointed Glasgow Investment Mangers to run a 280 million pound (438.6 million euro) all-equity mandate, taking over from Merrill Lynch Investment Managers, though MLIM still retains a European equities mandate.
-
News
Pioneer names fixed income head in Dublin
IRELAND – UniCredito Italiano’s asset management arm Pioneer Investments has named a new head of fixed income in Dublin, Raffaele Bertoni. He will report to Mauro Ratto.
-
News
Prudential focuses on European asset management
US – US-based Prudential Financial is to scale back its European brokerage activities to focus on asset management.
-
News
Spain: Credit Suisse launches bond-only pension
SPAIN - Credit Suisse’s insurance and pensions division has launched a fixed income-only pension plan in Spain, citing new customer demand.
-
News
Hedge funds see steady stream of interest - report
US - Institutions are showing a steady stream of interest in investing in hedge funds, according to new research by industry tracking outfit Tass.
-
News
Specialists oust Gartmore, Schroders at Worcester
UK - Gartmore Investment Management and Schroders Investment Management are the latest balanced portfolio managers to be dropped by a UK local authority in preference to specialist managers.
-
News
Powys awards co-managers for equity portfolio
UK – The Welsh County Council of Powys’ 160 million pound (251.5 million euro) pension fund has appointed AllianceBernstein and AXA Rosenberg to jointly manage its global equity portfolio, after Baring Asset Management (BAM) was dropped in January.
-
News
Finland: discretionary management to rise
FINLAND - Around 20% of Finnish institutional investors say they will increase their use of discretionary and mutual fund management by the end of 2004, according to an industry report released in November by Scandinavian Financial Research (SFR).
-
News
GSAM names new fixed income and currency boss
EUROPE- Goldman Sachs Asset Management has named Philip Moffitt as the new co-head of the London-based global fixed income and currency team alongside Andrew Wilson. Moffit joined Goldman Sachs three years ago as a senior portfolio manager in the currency team.
-
News
Dresdner wins e45m HBG Asian mandate
NETHERLANDS - Holland Beleggings Groep (HBG), subsidiary of insurance giant Zwolsche Algemeene, has appointed Dresdner RCM to manage its 45 million euro Asian equity mandate. The fund was formerly managed by Lombard Odier.
-
News
Belgacom eyes mandate and management change
BELGIUM - The pension fund of Belgium’s telecommunications provider, Belgacom SA, has announced that it will be looking for fund managers in the near future. The nature of the mandate(s) has not yet been decided, but the tender(s) is/are expected in the coming months.
-
News
Pension funds shun domestic stocks - report
EUROPE - Pension funds are moving away from investing in domestic equities, says research group Greenwich Associates. And what it calls a “global standard” of investment management methods is emerging.
-
News
Britannic Asset Management names UK equities head
UK - Britannic Asset Management has appointed Kevin Fenelon as its investment director of UK equities. Fenelon is currently head of UK large cap investments at Britannic and will continue to oversee the business.
-
News
Norway: investment proposals welcomed
NORWAY - Norway’s market players have welcomed proposals to change regulations governing pensions fund investments as set out in a report by Caspar Holter, partner of Oslo-based consultants Pensjon & Finans.
-
News
UK funds "post 13% negative return"
UK - Deutsche Bank-owned consultancy the WM Company calls the situation “severe” as UK pension funds post a negative return of almost 13% in the three months to the end of September 2002.
-
News
Fiat tenders three mandates
ITALY - Italian carmaker Fiat says it has put out to tender three mandates totalling 80 million euros for its pension fund for middle managers which is currently managed by Romagest and Morgan Stanley.
-
News
Lehman introduces Danish mortgage index
DENMARK - Lehman Brothers is to launch a stand alone Danish Mortgage Index, which will include investment-grade, fixed-rate mortgages denominated in Danish krone.
-
News
Morley gains e320m mandate from Nationwide
UK- Nationwide Investment Group has appointed Morley Fund Management to run a £200m (e320m) balanced mandate, replacing previous manager Schroders.
-
News
Warning from IAPF as Irish pensions assets tumble
IRELAND - John Feely, chairman of the Irish Association of Pension Funds (IAPF), has offered a word of warning to those planning saving for retirement, following a survey which shows total assets of Irish pension funds to have fallen to e43bn this year from e50.6bn at the end of 2001.
