Markets – Page 270
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Hay Hall fund gives €6m mandate to Northern Trust
UK – London-based multi-manager group, Northern Trust Global Investments has won a €6m mandate from the Birmingham-based specialist engineering group, Hay Hall…
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Rockwood selects SEI for €25m multi-asset mandate
UK – SEI Investments has won the £15m (€25m) specialist multi-asset mandate from Rockwood Specialties is to run Rockwood’s new defined contribution arrangement.
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Zurich fund invests SFr300m with Philips & Drew
SWITZERLAND – The SFr12bn pension fund of the city of Zurich (Pensionskasse der Stadt Zurich – PKZ) has appointed UK fund manager Phillips & Drew to manager an approximately SFr300m (e199m) passive global equities mandate....
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Managers bullish on equities despite slow down
UK – Global fund managers are bullish about equity trading worldwide, despite the slow down in the markets, according to a monthly survey carried out by Merrill Lynch....
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Germany announces insurer investment plans
GERMANY – The liberalisation of German insurance companies’ investment criteria has taken a step forward with the German Ministry of Finance finally proposing to raise the quota for equity investments from 30% to 35%....
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Full details of Irish reserve's e6bn outsourcing
IRELAND – The Irish National Pensions Reserve Fund Commission, the body appointed to oversee the management of the e7bn National Pensions Reserve Fund has revealed full details of the huge RFP for around a dozen investment mandates equalling e6bn in assets, as revealed by IPE-Newsline last Friday....
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NTMA unveils e6bn mandates
IRELAND – The Irish National Pensions Reserve Fund (NPRF) has finally unveiled details of the enormous tender process through which it will hire managers to invest approximately e6bn in assets.....
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Portugal's e3bn reserve fund to start outsourcing
PORTUGAL – The e3bn Lisbon based Portuguese pension reserve fund, created in 1989 to plug the future hole in Portugal’s social security retirement payments, could outsource up to 20% of its assets to external managers by the end of the year....
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Old Mutual splits chairman and chief exec roles
UK – Old Mutual is to split the role of chairman and chief executive officer within the group. Michael J Lovett is to continue as Chairman, whilst his former chief executive role will go to James Sutcliffe, who was previously on the board of Old Mutual with responsibility for ...
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SEI starts Italian multi-manager joint venture
ITALY – SEI Investments has set up a joint venture relationship with Italy’s Bipiemme Gestioni, the asset management arm of Banco Popolare di Milano (BPM) to launch a manager-of-managers programme for bank branches and other distribution channels....
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Norwegian fund appoints Den Norske and Pareto
NORWAY – The NKr 800m (€101m) Larvik Primary Fund, the fund established to support the city of Larvik’s local economy has awarded two active segregated balanced mandates to Den Norske Bank Asset Management (DNB) and Pareto Asset Management....
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Altink to head Mellon's European corporate affairs
UK/EUROPE – Jan Altink has been appointed director of corporate affairs for Europe by Pittsburgh based Mellon Financial Corporation.
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Russell wins three Dutch pension fund mandates
NETHERLANDS – Multi-manager investment firm, the Frank Russell Company, has picked up three new mandates from Dutch pension funds....
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PIMCO pulls in $165m in first Danish mandates
DENMARK - US fixed income specialist PIMCO Global Advisors has scooped its first mandates in the Danish market, picking up three high yield briefs from separate pension funds worth a total of $165m (e197m)....
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Mantel to lead Baring UK/Europe investment team
UK/EUROPE – Jan Mantel joins Baring Asset Management (BAM) next week as director and head of its UK and Europe investment team....
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£1.9bn Edinburgh fund drops DeAM for Blackrock
UK – The £1.9bn (e3.4bn) City of Edinburgh Council Lothian Pension Fund has pulled an approximately £150m European equities brief from Deutsche Asset Management and split the balance between Bank of Ireland Asset Management (BIAM) and Edinburgh based Blackrock....
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Metzler receives 'aa' rating from Fitch AMR
FRANCE – Fitch AMR, the Paris based ratings company, has awarded a ‘aa’ rating to Frankfurt based Metzler Asset Management, which has some €9.5bn in assets under management....
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Deutsche appoints EMEA fund management head
UK - Deutsche Asset Management (DeAM) has announced the appointments of Brian Collings as head of emerging Europe, Middle East and Africa (EMEA), and Andrew Ness as a fund manager for the same regions, in a bid to strengthen its global emerging markets investment capability....
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Cordius opens subscriptions for new fund of funds
BELGIUM – Cordius Asset Management has opened the subscription period for a new fund of funds that invests in the shares of other investment funds themselves investing in European equities....
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Swedish manager poaches FIS chief for US push
Stockholm-based asset manager Länsförsäkringar Kapitalförvaltning is beefing up its US operations by recruiting J Robert Bloom as head of its New York office.... And all the week's major people moves...