Markets – Page 254

  • News

    Solutia appoints Frank Russell to run entire fund

    2002-10-31T04:36:00Z

    UK - The Trustees of the Solutia UK pension scheme have appointed Frank Russell Company as the sole investment manager for its £35m( e55.4m) pension scheme. The global equity and fixed income assets will be spread across Russell’s full range of multi-manager funds.

  • News

    Northern Trust adds to multi manager line up

    2002-10-31T04:32:00Z

    UK- Northern Trust’s multi-manager business has appointed Raphael Robelin of Invesco, and Jonathan Platt of Royal London Asset Management as managers for its UK multi-manager fixed interest fund.

  • News

    European cross border property business flourishes

    2002-10-29T04:26:00Z

    EUROPE- Europe is the preferred location of global cross-border investment activity in real estate, according to international property adviser DTZ, which predicts continued growth in the sector over the next five years.

  • News

    Royal Liver appoints BGI for e218m active mandate

    2002-10-24T05:27:00Z

    UK- Royal Liver Assurance has appointed Barclays Global Investors to manage a new £137m (e218m) active UK equity mandate. BGI was selected following a beauty parade in conjunction with Royal Liver’s external advisers, whereby three asset managers were shortlisted.

  • News

    Proposed tax changes threaten Germany's pensions

    2002-10-23T05:05:00Z

    GERMANY- Proposals by Germany’s coalition government that individuals are to pay capital gains tax on profits from share sales is causing concern for the fund industry, and threatening the new third pillar pensions system.

  • News

    ING and BoNY enter European alliance

    2002-10-16T05:31:00Z

    EUROPE- ING and the Bank of New York are to create a European commercial alliance focusing on sales, marketing and servicing of global custody and related services. The alliance will see the two entities jointly offering services to institutional clients in Germany, the Benelux and Central and Eastern Europe over ...

  • News

    Managers more optimistic about equity prospects

    2002-10-16T04:51:00Z

    GLOBAL- Fund managers are more optimistic about the prospects for the world equity markets than they have been for a year according to the latest Merrill Lynch fund manager survey.

  • News

    Capital secures e158m UK council mandate

    2002-10-15T04:23:00Z

    UK- Shetland Islands County Council has awarded the mandate for its £100m (e158m) pension fund to Capital International. UBS Global Asset Management, formerly Phillips & Drew, had been running the portfolio for five years, but lost the beauty parade when the five-year mandate period was over.

  • News

    Putnam to take over e2.8bn of BT FM's assets

    2002-10-15T04:07:00Z

    AUSTRALIA/US- BT Funds Management, the Australian global investment manager, will see US-based Putnam Investments take over management of A$5bn (e2.79bn) of its international equity assets when the Westpac acquisition of the majority of the BT Financial Group closes at the end of October.

  • News

    Schroders adds to fixed income development team

    2002-10-15T03:53:00Z

    UK- Schroder Investment Management has appointed Jeremy Cave as head of fixed income business development in continental Europe and the Middle East.

  • News

    French industry see assets rise 20% in 2001

    2002-10-11T05:19:00Z

    FRANCE-French asset management companies saw their operating profits fall 20.4% in 2001 in spite of an increase in assets under management, reports the Commission des operations de bourse (COB), the regulatory agency appointed by the government to oversee the protections of investors.

  • News

    BH&S to launch high-yield property income fund

    2002-10-11T05:03:00Z

    UK – Property asset manager Baring Houston & Saunders (BH&S) hopes to raise £250m (e396m ) to £300m for its new high-yield property income fund.

  • News

    UBS makes equity research analyst appointment

    2002-10-11T04:55:00Z

    UK – UBS Global Asset Management (UBS Global AM) continued to strengthen its UK team with the appointment of Guy Walker as senior analyst for Pan European equity research.

  • News

    Russian pension reform opportunity for managers

    2002-10-10T05:34:00Z

    RUSSIA - Pension system reforms in Russia and the CIS could open doors to those countries for foreign fund managers.

  • News

    Asset-backed investments find favour in Europe

    2002-10-10T05:27:00Z

    EUROPE - Almost e92bn of new asset-backed debt has been sold into Europe so far this year, according to Deutsche Bank, indicating that the market sector is becoming increasingly popular among investors.

  • News

    SSGA names new credit portfolio manager

    2002-10-09T05:18:00Z

    UK - State Street Global Advisors (SSGA) has appointed Mahmoud El-Shaer as credit portfolio manager

  • News

    WestAM boosts emerging markets team

    2002-10-07T05:05:00Z

    UK - WestAM, asset management arm of Westdeutsche Landesbank, is bolstering its global emerging markets team in London with the addition of Richard Fairgreave, Jose Morales and Brian Deacon.

  • News

    IPE announces 2002 pension fund awards winners

    2002-10-04T05:09:00Z

    EUROPE- IPE Magazine has announced the winners of its 2002 pension fund awards for both “investment strategy” and “fund structure and administration”. Entrants were judged by selected panels of experts selected country by country.

  • News

    TIAA-CREF and CalPERS to challenge executive pay

    2002-10-03T05:06:00Z

    US- Two of the world's largest pension funds, TIAA-CREF and CalPERS, are planning to target companies that offer over-generous pay schemes, and to request changes from their boards.

  • News

    German institutions slash equity holdings to 19%

    2002-10-01T04:46:00Z

    GERMANY- German institutions have decreased their asset allocation to European stocks from an aggregate 27% to 19% over the last two years, according to a survey by US-based consultants, Greenwich Associates.