Markets – Page 264
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Ireland's NTMA announces first mandate winners
IRELAND- Ireland’s National Treasury Management Agency (NTMA) has announced the appointment of its first three investment managers to run part of the e6.5bn National Pensions Reserve Fund. Barclays Global Investors has been selected to manage a total of e1.8bn in Eurozone and North American passive equities while Bank of Ireland ...
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T Rowe Price enters German market
GERMANY- US investment manager T. Rowe Price has launched a new Luxembourg SICAV with eight sub-funds aimed at German investors. The launch represents the latest in T. Rowe Price’s European expansion following its move into the Nordic region.
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SSgA wins e1.5bn mandate from Netherlands' PMI
NETHERLANDS/US – The Dutch metal and electronic industries’ pension fund, PMI-SVM has appointed State Street Global Advisors (SSgA) to manage two equity mandates with a combined value of €1.5bn.
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European pension fund in €58m manager search
EUROPE - A European corporate pension fund is currently running a preliminary search for managers for a large-cap European equities portfolio, with a value in excess of US$50m (€58m), via the IPE-Quest system
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Gartmore names head of institutional services
UK – Gartmore Investment Management has promoted Elaine Gordon to head of institutional client services, a move that is in line the recent strengthening of its institutional distribution with the appointment of Frances Davies as head of global institutional business.
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Scottish Widows with Russell for funds launch
UK – Scottish Widows, the asset management arm of Lloyds TSB, is to launch four new “best of breed” multi-manager portfolios as a result of the strategic alliance it recently formed with multi-management specialist, Frank Russell Company, as reported by IPE Newsline on 12/12/01.
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Robeco appoints new asset management chairman
IPE staff - all the week's major people moves - 25/01/02
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SEI picks up £40m global mandate from Millennium
UK- The UK arm of Millennium Chemicals has appointed multi manager SEI Investments to run a £40m global equities portfolio. The mandate represents 70% of the total pension fund and is the sixth appointment for SEI’s UK outlet since it opened in May 2000.
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Radical overhaul at AHV means March and June RFPs
SWITZERLAND- Switzerland’s first pillar federal pension scheme Ausgleichsfonds der AHV has started a radical overhaul to its asset allocation following new legislation allowing it to invest in global equities for the first time.
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WestAM adds to its fixed income and currency team
UK- Investment manager WestAM has appointed Moe Daniel as technical analyst at its global fixed income and currencies team in London. Daniel joins from Arbor Research and Training where he was responsible for time period analysis for the main bond and FX markets and their derivatives.
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CDC IXIS appoints head of derivatives
UK- CDC IXIS Capital Markets, the French investment bank, has appointed Guido Rauch as its new head of derivatives marketing and manager of the London office and Ana Diaz has been appointed head of origination in London.
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Lloyd's agencies pick CAAM for e170m fixed income
UK – The London office of Crédit Agricole Asset Management (CAAM), the investment management arm of French financial services group, Crédit Agricole, has won two new mandates to run the fixed income portfolios of B.F. Caudle Agencies and Ensign Managing Agency, both managing agencies for Lloyd’s of London syndicates.
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AstraZeneca equity cut not influenced by Boots
UK – The recent asset allocation shift that saw the £4.2bn (€6.8bn) AstraZeneca pension fund reduce its equity holdings by five percent in favour of fixed income was not influenced by the Boots pension fund getting rid of its entire equity portfolios last October.
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Austria's APK appoints Boehm to replace CEO Kapl
AUSTRIA- Austria’s e1.5bn APK pension fund has appointed Christian Boehm to succeed Helmut Kapl as chief executive. Boehm has been with APK since its creation in 1989 and was previously Kapl’s second in command.
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Swiss Fund seeks additional managers for €2.4bn
SWITZERLAND – The SFr10bn (€6.8bn) Swiss Post Office pension fund is to begin searching for additional asset managers in March, having already selected UBS Asset Management, Credit Suisse Asset Management and Pictet to run various portfolios for the recently-created fund.
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Italian rail fund to begin manager search in March
ITALY – The Italian State Railways pension fund, Fondo Pensione Eurofer, will begin looking for managers for its €25m assets in March once it has received the regulatory approval from Covip, the Italian pension fund supervisory body.
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Credit Suisse strengthens fixed income teams
UK/GERMANY/ITALY – Credit Suisse Asset Management (CSAM) has promoted three members of its European fixed income management teams based in London, Frankfurt and Milan.
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Newton appoints new head of European equities
UK – Newton, the London-based asset management subsidiary of Mellon Financial Corporation, has appointed Rajesh Shant as investment leader to its European equities team.
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GSAM launches five new pooled funds
UK – Goldman Sachs Asset Management (GSAM), with £40.3bn (€65bn) under management, has launched five new funds aimed primarily at the UK’s medium and small sized institutional pensions market.
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Forsyth launches its first fixed income fund
UK – London based research and investment management company, Forsyth Partners, has launched a new fixed income fund, the Forsyth Global Bond fund.