Markets – Page 258
-
News
Gartmore appoints director for UK clients
UK- Geraldine Wright is joining Gartmore as an account director for UK institutional clients, a role that sees her responsible for a number of pension fund clients. Wright will report to head of client services Elaine Gordon and will work closely with both the client service and investment management teams.
-
News
PAIL launches European hedge fund of funds
UK – London-based alternative management firm, Progressive Alternative Investments Limited (PAIL), is to launch a new closed-end fund of European hedge funds, the Progressive European Alternative Portfolio.
-
News
New Dutch fund names F&C as sole manager
NETHERLANDS- The Dutch transport workers sector fund Vervoer has named F&C as the sole manager for its recently-established early retirement fund.
-
News
Dutch funds' PZH picks Vanguard for e450m mandate
NETHERLANDS- PZH, the body working on behalf of six medium-sized Dutch funds that began co-ordinating their operations earlier this year, has awarded Vanguard Investment a e450m passive mandate.
-
News
Margins for UK and Ireland managers fall a third
UK/IRELAND – Fund managers in the UK and Ireland saw overall profit margins fall from 33% to 23% in 2001 following the shift from defined benefit to defined contribution and poor growth of the retail sector says PricewaterhouseCoopers’ latest annual survey of fund managers in the UK and Ireland.
-
News
PIMCO poaches BGI's Pardi as southern Europe head
UK/EUROPE- Specialist fixed income manager PIMCO has appointed PeterPaul Pardi as head of business development for southern Europe. Pardi was most recently head of southern European institutional business at Barclays Global Investors. Pardi, who joined this week and is based in London, reports to Joe McDevitt, head of PIMCO in ...
-
News
F&C appoints head of Dutch operation
NETHERLANDS- Henk Breukink has been named as head of F&C Management’s operations in the Netherlands as of next month. Breukink has been interim head of the Dutch operation since last November and he takes over the job from chairman of the board Alain Grisay.
-
News
Three institutions launch RFPs worth a total $190m
GLOBAL- A continental European insurance company is looking, via the electronic manager search system IPE-Quest.com, for a manager to oversee a $100m corporate Eurodollar debt mandate.
-
News
Multi manager industry to double to $1trn by 2007
GLOBAL- Investments worldwide in multi-manager products are set to double to over US$1 trillion by 2007 according to proprietary data and analysis from the US research and consultancy firm Cerulli Associates.
-
News
Morley hires ex-Schroders head of UK equities
UK- Morley Fund Management has hired Bill Baker to run a range of UK pooled and segregated pension funds. Baker joins as a senior member of the 11-strong UK equities team in September and will report to Mike Bishop, head of pan European equities.
-
News
European & Emerging markets offer best prospects
GLOBAL- An increasing number of investment managers believe the best earnings are expected to come from European and UK markets while the profit outlook for global emerging markets remain the most attractive according to the latest Merrill Lynch fund manager survey.
-
News
Merrill Lynch IM adds to its global equities team
UK- Merrill Lynch Investment Managers has appointed Peter Abbott as a fund manager in its global equities team. Abbot joins next month from Newton Investment Management and will report to Ian Rowley, head of global equities.
-
News
Shropshire council dumps Schroders for F&C
UK- Shropshire County Council’s £630m pension fund has dropped Schroder Investment Management and appointed F&C Management to run a £30m (e47m) global emerging markets equity mandate.
-
News
Investec hires new head of client relations
UK- Investec Asset Management has hired Belinda Morrisey to fill its newly-created position of head of client relations. She reports to Mark Samuelson, global head of institutional business development and Andrew Peake, head of UK client service.
-
News
UIA hands insurance assets to Morley in SRI drive
UK- Specialist insurer UIA has appointed Morley Fund Management to run its entire general insurance and life funds of £90m on a socially responsible basis.
-
News
BGI launches two active corporate bond funds
IRELAND/UK- Barclays Global Investors (BGI) has launched two actively managed corporate bond funds: the Ascent UK All Stocks Corporate Bond Fund and Ascent UK Long Corporate Bond Fund. Institutional investors have already committed £177m (e277m)- £38m to the former and £139m to the latter.
-
News
Threadneedle builds its corporate bond division
UK- Threadneedle Investments is adding to its corporate bond team with three new hires. Trudie Pearce, Paul Kirtley and Victoria Port will join the 20-strong fixed income division over the next three months and report to head of fixed interest Robert Stirling.
-
News
Prudential to manage e700m corporate bonds for AP3
SWEDEN- Sweden’s AP3 fund has appointed the US-based investment manager Prudential to run an active Sek6.4bn (e700m) corporate bond mandate.
-
News
Pioneer promotes Pearson to head of equities
IRELAND – Dublin-based Pioneer Investments has promoted head of European equities Stan Pearson to the newly-created position of head of equities.
-
News
Seligman picks State Street for operations support
US – Boston-based State Street Corporation is to take over operations support for the $25bn (€26.7bn) assets under management of New York-based investment management firm, J&W Seligman.
