Markets – Page 267
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Russell poaches Towers consultants for London team
UK – Frank Russell Company (Russell) has poached two new consultants from rivals Towers Perrin for its institutional investment services team in London....
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BBSP moves into UK fund management market
FRANCE/UK – Paris based market forecasting specialist company, BBSP, has announced its intention to move into the UK’s fund management market....
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Dellsperger becomes CSAM head of global equities
UK/GLOBAL – Credit Suisse Asset Management (CSAM) UK has appointed Peter Dellsperger as head of global equities products in London, but with supervision and responsibility for teams in London, New York, Tokyo and Zurich....
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Pension funds should go for gold, says WGC
UK – Managers of pension funds and other institutional funds in the UK should not ignore gold when looking at alternative asset classes, according to Dr Robert Weinberg, head of institutional investment at the World Gold Council….
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JP Morgan Fleming launches global cash portal
GLOBAL – J.P. Morgan Fleming Asset Management (JPMF), has launched the Global Cash Portal (GCP), an internet-based platform enabling JPMF’s institutional treasury clients to access cash management products worldwide....
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Hewitt becomes global equity director at FIS
UK – Friends Ivory & Sime (FIS) has appointed Peter Hewitt as director of global equities in its fund management team in London....
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e150m Italian electric fund appoints five managers
ITALY – Fopen, the e150m pension fund for employees of the Italian electricity utility, Enel, has appointed five new investment managers to the fund – two overseas and three domestic players....
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US DB plans 'fine-tuning' portfolios, says Mercer
US - Defined benefit plan sponsors are fine-tuning their investment portfolios rather than making any dramatic changes, according to a survey by consultant William. M. Mercer....
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Rothschild names new fixed income head
UK - Rothschild Asset Management (RAM) has appointed Abdallah Nauphal as the new head of its fixed income & currency group....
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Northern Trust in €125m Italian multi-manager win
ITALY – Northern Trust Global Investments (NTGI) has won a mandate to run four €125m seeded mutual funds for Italian banking group, Mediolanum.
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Boadicea heralds all girl hedge fund management
UK – Europe’s first and only all female hedge fund management company, Deco Capital, has been launched, kicking off operations with the Boadicea fund...
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Mark moves from WM to head iBoxx in Frankfurt
GERMANY – David Mark has been appointed chief executive officer of iBoxx, the new fixed income indices joint venture company between ABN Amro, Barclays Capital, BNP Paribas, Deutsche Bank, Dresdner Kleinwort Wasserstein, Morgan Stanley, UBS Warburg and Deutsche Börse.
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Threadneedle promotes Arkle to CIO role
UK/EUROPE – Threadneedle Investments has announced that Sarah Arkle will take on the role of chief investment officer (CIO) at the firm on completion of the sale of Zurich Scudder Investments to Deutsche Bank....
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Towers poaches two from rival William M.Mercer
UK – Benefits consultancy firm, Towers Perrin, has poached two business development consultants, Martin Good and Jason Kenny, from rival consultants William M. Mercer....
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NLG25bn Dutch PMI fund in huge asset transfer
NETHERLANDS – The NLG25bn (e11.3bn) Dutch metal and engineering workers’ pension fund, Bedrijfspensioenfonds voor de Metaalindustrie (PMI), has transferred around NLG17.5bn in assets to Eureko-owned fund manager F&C in London and is seeking two new US index managers to manage approximately NLG4bn in assets....
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Legal & General scoops £240m from Northumberland
UK - The £430m (e694m) Northumberland County Council Pension Fund has appointed Legal & General to a £240m passive global equity brief, shedding its previous balanced arrangements with Schroders and Merrill Lynch Investment Managers....
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Skinner to head Gartmore fixed-income team
UK – Gartmore Investment Management has appointed Paul Skinner as head of fixed income business development....
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Citibank in Ukraine securities services tie-up
UKRAINE – Citibank Worldwide Securities Services (CWSS) has expanded its presence in Eastern Europe with the appointment of ING Bank Ukraine as its agent bank in Ukraine....
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Danish pension insurers in bonus reserve wipeout
DENMARK – PFA, the Danish insurance group has announced losses of some DKK 18.2 billion – completely wiping out the group’s bonus reserves and forcing it’s pensions arm into emergency talks with the Danish Financial Supervisory Authority - as a result of falling equity markets after the shock in the ...
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Europol scheme retenders for managers
NETHERLANDS/EUROPE – The e3.5m The Hague based Europol pension fund, the scheme for officials of Europe’s police organisation has reopened a tender for administration, investment management and risk coverage of the fund that it abandoned earlier this year after poor response from investment managers....