All articles by Robert Melia Watson – Page 17
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Ex-Schroders CEO Salisbury joins Dimensional
EUROPE/US – US-based fund management group, Dimensional Fund Advisors, has appointed former Schroders’ chief executive, David Salisbury, as chief executive of its London-based European operations. Salisbury left Schroders last August, after having been with the company since 1974.
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Robur picks EFA for €5bn Luxembourg administration
SWEDEN/LUXEMBOURG – Stockholm-based fund manager Robur has appointed European Fund Administration (EFA) to take over the administration of its Luxembourg fund range.
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Liquidnet to bring anonymous trading to Europe
EUROPE / US – Electronic trading company Liquidnet, which specialises in buy side dealing for US institutions, is launching a European operation supplying anonymous block trading by the third quarter this year that will serve the Dutch, French, German, Swiss, UK and US equity markets from its European headquarters in ...
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Lasalle retains €4.2bn property portfolios
UK – The £36.7bn (€59.5bn) British Coal Staff Superannuation Scheme and the Mineworkers’ Pension Scheme have re-appointed Lasalle Investment Management to run their combined £2.6bn (€4.2bn) property portfolios.
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AXA enters the ETF market with eight sector funds
EUROPE/FRANCE – Paris-based Axa Investment Managers are ready to enter the exchange traded fund (ETF) market with the official launch next week of their new Easy ETF sector fund range that received a listing on Euronext in Paris earlier this week.
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Northern Trust adds APS to multi manager roster
UK – Northern Trust’s multi-manager business in the UK has appointed Singapore-based APS Asset Management to run the Pacific Basin ex-Japan part of its multi-manager pooled funds Pacific Basin section.
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New rules in UK on winding-up pension schemes
UK – New legislation that places greater visibility on those involved with winding up occupational pension schemes is to be implemented in April, says pensions minister, Ian McCartney.
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German funds see rebound in January
GERMANY – German investment funds open to the public pulled in investments of €10.2bn in January, according to the Frankfurt-based BVI, the German federal asset manager association. The BVI says that this is a good start to the year.
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UK property returns good but pensions fare worst
UK – Property was the best performing asset class in terms of returns for the second year running, returning an average of 6.7% in 2001 compared to –13.2% for equities, says the Investment Property Databank’s (IPD) annual survey of the UK real estate market. However, pension funds were the worst ...
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RREEF buy makes Deutsche largest property adviser
US/GERMANY – Deutsche Bank (DB) is to acquire US real estate investment management company, RREEF, for $440m (€500m),. According to DB, the deal means the group will become the world’s largest investment adviser of combined real property and real estate equity securities, with $36bn in global real estate assets under ...
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Restore pensions earnings link demands think tank
UK – The government should reverse its strategy on pensions by raising the basic state pension and restoring the earnings link, says a report just published by the Institute for Public Policy Research (IPPR). But its conclusions have been attacked by pensions minister Alisatair Darling.
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Court ruling to impact on German pensions taxation
GERMANY – The government is to order a commission to review the way it taxes state pensions as a matter of urgency following yesterday’s constitutional court ruling that the current tax on the state pensions system is unfair.
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Rabobank takes 28% stake in Swiss bank
NETHRLANDS/SWITZERLAND – Dutch banking group, Rabobank, and Swiss private banking group, Bank Sarasin & Co, have entered into a strategic alliance, under the terms of which Rabobank will take a 28% stake in Basle-based Bank Sarasin, which in turn will take over the private banking activities of Rabobank.
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Multi-manager body to target continent for members
UK/EUROPE – The newly-formed Association for Institutional Multi-Manager Investing (AIMMI) hopes to expand its membership to include continental European players soon...
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Fidelity aims ‘long’ bond fund at pension funds
UK – Independent fund management group, Fidelity Investments has launched a new UK long corporate fixed income fund, in response to what it claims is a growing demand for the asset class, particularly among small to mid-sized pension funds.
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French employee investment funds see 5% asset fall
FRANCE – Total assets under management in French long-term employee investment funds, Fonds Communs de Placement d”Entreprise (FCPE) fell from €54.7bn in 2000 to €52bn in 2001, a drop of 5%, according to latest annual survey undertaken by AFG-ASFFI...
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Irish gearing up for pan-Europe pension plan push
IRELAND – The state-run Investment and Development Agency (IDA) is to begin marketing its newly-developed International Financial Services Centre (IFSC) based pan-European pension product in the next couple of months...
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Regional Italian fund in US assets manager search
ITALY – The €77m Laborfonds, the complementary pension fund for workers of companies registered in the Trentino Alto Adige region of Northern Italy, is looking for managers for a US equity and fixed income mandate.
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Hedge fund of funds targeted at pension funds
UK – HSBC Republic Investments Ltd (HRIL), part of the international private banking division of UK financial and banking services group, HSBC, has launched a new open-ended fund of hedge funds that is targeted at institutional investors and pension funds.
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Japan futures trading jumps on CME
US/JAPAN – Trading in Nikkei 225 futures on the Chicago Mercantile Exchange (CME) set a new single-day trading volume yesterday, March 05, suggesting a recovery in investor confidence in the Japanese stock market.
