Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
04/11/2011

Création d’une agence de chasseurs de têtes pour "asset managers"

Deux anciens cadres bancaires, Robert Zimmermann et Matthias Schulthess, viennent de créer SchulthessZimmermann, une société de chasseurs de têtes basée à Zurich, rapporte L’Agefi suisse. La société, qui aura des antennes à Londres, se propose de recruter des spécialistes dans la banque privée, les marchés des capitaux, et l’asset management. Robert Zimmermann est issu de Goldman Sachs en Suisse, Matthias Schuthess d’UBS.
04/11/2011

Forte baisse des encours de Man Group

Les actifs sous gestion de Man Group se sont établis au 30 septembre à 64,5 milliards de dollars contre 69,1 milliards de dollars à fin mars 2011, a indiqué le groupe le 3 novembre dans son rapport intérimaire sur le semestre à fin septembre.Cette baisse des encours reflète des souscriptions de 1 milliard de dollars, des rachats de 2,5 milliards de dollars, un effet de change négatif de 1,4 milliard de dollars et d’autres mouvements pour un montant de -1,7 milliard de dollars. Les actifs sous gestion de AHL s'établissaient à fin septembre à 24,4 milliards de dollars contre 23,9 milliards à fin juin, ceux de GLG Alternatives à 16,5 milliards de dollars contre 20,2 milliards de dollars, ceux des fonds long only à 10,9 milliards contre 13,7 milliards et ceux du pôle multigestion à 12,7 milliards contre 13,2 milliards de dollars. Le groupe souligne que les rachats se sont ralentis en octobre. Les actifs sous gestion s’inscrivaient à 63,5 milliards de dollars au 31 octobre 2011. Le résultat imposable des six mois à fin septembre s’est inscrit à 154 millions de dollars contre 115 millions de dollars pour le semestre à fin mars 2011.
04/11/2011
Fonds

Aberdeen lance un fonds croissance diversifié

Aberdeen Asset Management a lancé un fonds multi-classes d’actifs supplémentaire pour Mike Turner, avec un biais marchés émergents, selon Investment Week. Le fonds Aberdeen Diversified Growth sera faiblement pondéré en actions, au profit des obligations et des actifs alternatifs.
Fonds
04/11/2011

Ashmore recrute un responsable de la distribution en Europe

Ashmore Investment Management , société de gestion britannique spécialisée dans les marchés émergents, vient de recruter Dominick Peasley en tant que responsable de la distribution en Europe (head of European third party distribution). Basé à Londres, il sera chargé de nouer des liens avec les distributeurs particuliers et «wholesale». Dominick Peasley vient de Goldman Sachs Asset Management où il était administrateur exécutif, en charge de la distribution au Royaume-Uni. L’objectif de ce recrutement est de diversifier la clientèle d’Ashmore, qui est principalement institutionnelle. Environ 87 % des encours sous gestion (58,9 milliards de dollars au 30 septembre) sont gérés pour le compte d’investisseurs institutionnels mondiaux, dont des banques centrales, des fonds souverains, des fonds de pension publics et privés et des compagnies d’assurances.
04/11/2011
Fonds

Ashmore IM lance deux fonds

Ashmore Investment Management Limited, société de gestion britannique spécialisée dans les marchés émergents, lance deux compartiments actions : Ashmore SICAV Emerging Markets Global Equity Fund et Ashmore SICAV Emerging Markets Global Small-Cap Equity Fund. Ces deux produits portent le total des fonds actions d’Ashmore à trois et complètent l’offre obligataire émergente de la société, composée de 13 produits et représentant un total de 6,4 milliards de dollars. Dans le détail, le compartiment Ashmore SICAV Emerging Markets Global Equity sera investi en actions et en quasi-souverains tandis qu’Ashmore SICAV Emerging Markets Global Small-Cap Equity se concentrera sur les actions de petites entreprises (capitalisation de moins de 2 milliards de dollars) et les quasi-souverains. Ils seront gérés par AshmoreEMM, anciennement EMM, une société spécialisée dans la gestion actions émergentes rachetée par Ashmore en février dernier (lire article du 28 février 2011).Les compartiments seront accessibles en plusieurs devises (dollars, euros, livres sterling, couronnes danoises, couronnes norvégiennes, couronnes suédoises, francs suisses et yens).
Fonds
04/11/2011

Collecte nette pour Skandia UK en neuf mois

Filiale d’Old Mutual Wealth Management, Skandia UK a indiqué le 3 novembre avoir enregistré pour les neuf premiers mois de cette année des souscriptions nettes de 1,8 milliard de livres, soit 5 % de moins que pour la période correspondante de 2010, alors que les souscriptions nettes des fonds retail au Royaume-Uni ont dans l’ensemble chuté de 26 %.Les souscriptions nettes enregistrées par la plate-forme Skandia Investment Solution ont augmenté de 4 % d’une année sur l’autre, à 2,8 milliards de livres.A fin septembre, l’encours total de Skandia UK ressortait à 32,2 milliards de livres, soit 5 % de moins que fin décembre 2010, alors que l’indice FTSE 100 a accusé durant la même période une baisse de 13 %.
04/11/2011
Fonds

Skandia lance un fonds coordonné de managed futures

Les investisseurs grand public britanniques peuvent désormais compléter leur allocation en produits actions et obligations au moyen du nouveau Skandia Global Futures Fund, qui investit sur le marché des manages futures (d’un volume de 290 milliards de dollars).La commercialisation et la distribution de ce produit coordonné de droit irlandais, un compartiment de la sicav Skandia Global Funds, est confiée par Skandia Investment Group (SIG) au londonien Aspect Capital, un gérant spécialiste des manages futures dont l’encours au 1er octobre ressortait à 6 milliards de dollars. Le fonds démarre avec 25 millions de dollars collectés auprès de clients de SIG.En choisissant Aspect Capital comme partenaire, SIG recherche des performances comparables à celles du Diversified Programme d’Aspect Capital, la stratégie-phare d’Aspect qui est proposé à des investisseurs institutionnels avertis et qui justifie d’un historique de plus de 12 ans.CaractéristiquesDénomination : Skandia global Futures FundCodes Isin : IE00B4Z94309 (parts en livres)/IE00B6SRG396 (parts en dollars)/IE00B4P4MM04 (part retail en EUR hedgée) Commission de gestion : 2 %Commission de performance : 20 % avec high watermark
Fonds
04/11/2011

BlackRock recrute un directeur pour son équipe immobilier

BlackRock vient de recruter Paul Tebbit dans son équipe dédiée à l’immobilier au Royaume-Uni en tant que directeur. Sous la responsabilité de Jeff Morton, responsable des investissements et managing director de l’équipe immobilier de BlackRock, il aura un rôle clé dans la gestion des joint-ventures stratégiques de la société de gestion et dans l’identification de nouvelles opportunités pour le fonds UK Property Fund, qui représentait à fin septembre un encours de 2,119 milliards de livres.Précédemment, Paul Tebbit travaillait comme directeur pour Telereal Trillium, qui fait partie de William Pears Group.
04/11/2011

Polar Capital lance une stratégie European Market Neutral

Polar Capital a annoncé la nomination de Ton Tija qui aura en charge le lancement d’une stratégie European Market Neutral pour le groupe. Elle devrait plus généralement contribuer à l’enrichissement de la gamme de produits au format Ucits dans les prochains mois.Ton Tija travaillait précédemment chez Ratio Asset Management où il gérait une stratégie européenne. Polar Capital a par ailleurs annoncé le lancement d’un fonds long only dédié aux actions américaines qui sera piloté par deux gérants, Andrew Holliman et Richard Wilson, arrivés dans la société en août dernier en provenance de Threadneedle. Le Polar Capital North American fund, qui sera domicilié à Dublin comme un fonds Ucits, sera lancé le 15 novembre.
04/11/2011

Large inflows for Canada's Manulife

The Canadian asset management firm Manulife has announced net inflows of USD2.9bn in third quarter for its United States affiliate John Hancock Mutual Funds, up 27% compared with third quarter 2010. In the first nine months of the year, inflows totalled USD10bn, already more than all inflows in 2010 (USD9.7bn). Assets under management at John Hancock totalled USD33.4bn as of 30 September 2011, up 6% year on year. Manulife Asset Management, for its part, finished the quarter with USD173.3bn in assets under management for external clients. These assets are down by USD5.3bn compared with 30 June 2011, largely due to negative market effects, which were slightly offset by net subscriptions and the appreciation of the US dollar against the Canadian dollar. Total assets under management at the group as of 30 September totalled USD492bn, up by USD11bn compared with 30 June, and by USD16bn compared with 30 September 2010. The profitability of investments has contributed to a gain of USD13bn in twelve months. The Manulife group nonetheless saw a net loss of CAD1.27bn in third quarter, compared with a loss of CAD2.25bn in the corresponding period of 2010. In nine months, the group has posted net profits of CAD198m, compared with a loss of CAD3.46bn in the first nine months of 2010.
04/11/2011

Aberdeen launches a diversified growth fund

Aberdeen Asset Management has launched an additional multi-asset class fund for Mike Turner, with an emerging markets bias, Investment Week reports. The Aberdeen Diversified Growth fund will have a reduced exposure to equities, instead favouring bonds and alternative assets.
04/11/2011

Skandia launches a UCITS managed futures fund

British retail investors may now complement their allocation to equity and bond products with the Skandia Global Futures Fund, which invests in the managed futures market (with a volume of USD290bn). Sales and distribution of the Irish-registered, UCITS-compliant product, a sub-fund of the Skandia Global Funds Sicav, will be provided for Skandia Investment Group (SIG) by the London-based Aspect Capital, a manager specialised in managed futures, with assets as of 1 October of USD6bn. The fund will start up with USD25m in investments from SIG clients. With the choice of Aspect Capital as a partner, SIG is seeking returns comparable to those of the Diversified Programme from Aspect Capital, Aspect’s flagship strategy, which is available to qualified institutional investors, and which has a track record of over 12 years. Characteristics Name: Skandia Global Futures Fund ISIN codes: IE00B4Z94309 (GBP share class)IE00B6SRG396 (Usd share class) Management commission: 2% Performance commission: 20%, with high watermark
04/11/2011

SEB AM still hoping to reopen ImmoInvest

The German asset management firm SEB Asset Management on 3 November announced that its open-ended real estate fund SEB ImmoInvest (DE0009802306), from which redemptions have been frozen for one and a half years (see Newsmanagers of 10 May 2010), has successfully sold 10 properties for EUR680m.The properties are located in the Netherlands, Belgium, Italy, France and the United States, and are said to have been sold at an average of 0.5% above their current market value. The sales will increase liquidity in the fund to 21.8% of assets (EUR6.33bn as of the end of September), or EUR1.4bn. Total property sales now come to 14 properties, for over EUR910m.In these conditions, SEB AM remains confident that it will be possible to reopen the fund before the deadline of 5 May 2012, beyond which date the firm would be legally required to liquidate the product.
04/11/2011

HVB promoting a frozen real estate fund

On its website, HypoVereinsbank (HVB, UniCredit group) is recommending an investment in shares in the open-ended real estate fund CS Euroreal from Credit Suisse Germany to investors. However, Die Welt reports, redemptions from the EUR6.1bn funds are frozen.Although the bank considers that this well-managed real estate fund offers attractive prospects of returns for long-term investors, consumer defence associations in Hamburg and Bremen have called the recommendation “scandalous,” because the risks are so high. If the asset management firm does not manage to mobilise enough liquidity, the fund may have to be liquidated from May 2012.Die Welt has also pointed out that shares in the CS Euroreal fund sold by HVB generate 5% commissions for the bank, which neglects to mention to investors that they can buy shares in the fund on the stock market, currently at a 17.7% discount.
04/11/2011

Allianz offers to reimburse investors in DEGI International

Clients of Allianz Germany who subscribed to the DEGI International fund, a real estate fund whose liquidation was announced on 25 October, may be offered redemption of their shares at EUR42.78 each, under certain conditions.As of 3 November, the theoretical redemption price was EUR42.80 per share.Fondsprofessionell reports that the offer, valid until 15 February 2012, is restricted to investors who bought their shares in the fund before redemptions were frozen by Aberdeen on 17 November. The shares also need to be held in an account at Allianz Bank or Allianz Global Investors.
04/11/2011

New German mandate for BNY Mellon Service

The largest savings bank in Hamburg, Hamburger Sparkasse, or Haspa, has awarded an institutional fund administration mandate to BNY Mellon Service KAG, to monitor investment limits on assets of EUR1.4bn. The bank becomes the eighth German client to outsource its funds administration to the German affiliate of the BNY group.
04/11/2011

Pioneer scales up sales team in Germany and Iberia

Julia Reher, senior institutional sales manager at State Street Global Advisors (SSgA) in Munich, has joined the institutional distribution team at Pioneer Investments Germany as senior director – institutional clients. She will be in charge of relationship management for business clients and pension funds.Pioneer has also recruited a new senior sales officer for Spain and Portugal, Teresa Molins, who will be the alter ego of Almudena Mendaza, and will report to José Castellano, head of the Iberian markets, North America (offshore) and Latin America.Molins had previously been in charge of investor relations for the wedding specialist website Bodaclick.com, after serving as director of bond sales at Dresdner Kleinwort and Merrill Lynch Capital Markets.
04/11/2011

iShares preparing diversifying products based on ETFs

Joseph Linhares, managing director, has announced that iShares is currently considering launching ETFs of equity and bond ETFs.The head of the firm for the Europe, Middle East and Africa (EMEA) region has revealed that the asset management firm is considering importing asset allocation solutions to Europe based on quantitative models, which would invest in ETFs without necessarily being ETFs themselves. iShares may also design products using fundamental methods, but that would probably pose both legal and industrial secrecy issues, related to timing disclosure of the composition of portfolios so as not to reveal the alpha signal too quickly. But this would be something near active management...However, Linhares is hostile to the notion of launching reverse and/or leveraged ETFs, which may be dangerous for retail investors, who find it difficult to understand the methodology and performance of these products over the long term.
04/11/2011

Frick private bank opens an office in London

The Liechtenstein private bank Frick has obtained permission from the British authorities to open an office in London, Agefi Switzerland reports. The bank is hoping to make it possible for British taxpayers to legalise their worldwide savings which are not subject to tax.
04/11/2011

Profits at Och-Ziff down in third quarter

Assets under management at the alternative management firm Och-Ziff Capital Management Group as of the end of September totalled USD28.8bn, compared with USD29.8bn as of 30 June 2011, and USD26.5bn as of the end of September 2010. Growth of USD2.3bn, or 9%, year on year reflects net inflows of USD1.6bn and performance-related appreciation of USD767.6m. Och-Ziff in third quarter earned profits of USD49.9m, compared with USD52.1m in third quarter 2010.
04/11/2011

Assets up at Prudential Financial

For third quarter 2011, Prudential Financial has announced net profits of USD1.5bn, compared with USD1.16bn in the corresponding period of last year. Operating profits for the asset management activity totalled USD123m, compared with USD148m in July-September 2010. Assets in the asset management division as of 30 September totalled USD599.4bn, up 16% (USD518.1bn) year on year. For the group as a whole, assets totalled USD871bn, compared with USD784bn as of the end of December, and USD750.1bn as of the end of September 2010.
04/11/2011

Schroders France poaches two from Axa IM

Schroders has recruited two former employees of Axa Investment Managers for its sales teams based in Paris. Aurore Wannesson-Raynaud, who had previously been director, senior product specialist, fixed income at Axa IM, has been appointed as head of sales for institutional clients. She will report to Mustapha Bouheraoua, director of institutional clients at Schroders France. Thomas Strievi, who had served as product specialist at AXA IM in the Invesments Solutions division, becomes head of commercial distribution. He will report to Alexandre Gabus, director of distribution at Schroders France. The recruitments, which were expected, follow a reorganisation of the sales team at Schroders in Paris (see Newsmanagers of 27 April 2011).
04/11/2011

Charles Bouaziz joins PAI Partners as a partner

PAI Partners on 3 November announced the arrival of Charles Bouaziz in the consumer goods activity based in Paris. He will oversee the Portfolio Performance Group, which is dedicated to optimising the operational performance of companies in the PAI portfolio. Bouaziz had previously been senior adviser to PAI for nearly a year. From 1991 to 2010, he was one of the major architects of growth at PepsiCo in Europe, where he began as head of the French franchise and eventually became CEO for western Europe.
04/11/2011

Eaton Vance Management launches a multi-asset class fund

Eaton Vance Management has announced the launch of a mutual fund investing in a wide range of asset classes. The Eaton Vance Multi-Strategy All Market Fund may invest in equities, bonds, and alternative investments, allocating the fund’s assets to portfolios from Eaton Vance. The product is managed by the Eaton Vance Customized Solutions Group team, which reports to Jeffrey Rawlins and Dan Strelow. Target volatility for the Eaton Vance Multi-Strategy All Market Fund is 4% to 14% per year, a statement adds.
04/11/2011

Specialist headhunting agency founded in Zurich

Two former bank executives, Robert Zimmermann and Matthias Schulthess, have founded SchulthessZimmermann, a headhunting agency based in Zurich, Agefi Switzerland reports. The firm, which will have offices in London, plans to recruit specialists in private banking, capital markets, and asset management. Zimmermann comes from Goldman Sachs in Switzerland, while Schuthess comes from UBS.
04/11/2011

Julius Baer tightens its belt

The members of the management and board of directors, and some executives at the private bank Julius Baer have been asked to forego a part of their income. The percentage requested is 5% to 10% of net income, a spokesperson for the bank, Jan Vonder Muehll, told the news agency AWP on 3 November. The remainder of cost savings will come from natural departures, and from a program entitled “HR Tool Box,” according to the spokesperson. The program includes an offer from the bank to its employees to reduce their working hours under certain conditions, or to take unpaid leave. A variety of cost reduction measures were announced internally last month. The Swiss group employs about 3,600 people.
04/11/2011

Slight increase in assets under management at Pictet

Assets under management at Pictet & Cie increased by 1% in third quarter, the news agency Bloomberg reports. Excluding funds under administration, client assets totalled CHF252bn as of the end of September, compared with CHF249.8bn as of the end of June. The Geneva-based bank has posted net subscriptions to funds from France in particular. “The overall total in wealth management is significantly positive,” says Jacques de Saussure, managing partner at the Geneva-based bank. Including funds under administration, client assets at the private bank total CHF365bn.
04/11/2011

Overlay AM may be merged in BNP Paribas IP

La Tribune reports that Overlay AM (OAM), a unit of BNP Paribas Investment Partenrs (IP) specialised in currency management, may be merged into BNPP IP, or into Theam. The aim is for the asset management business line at BNP Paribas to contribute in the reduction of the bank’s balance sheet. If Overlay is integrated, the brand would disappear, and part of the team may not be hired back, the newspaper adds.
04/11/2011

Ashmore IM launches two funds

Ashmore Investment Management Limited, specialist manager of emerging market debt and equity securities, with assets under management of USD58.9 billion has announced the launch of the Ashmore SICAV Emerging Markets Global Equity Fund and the Ashmore SICAV Emerging Markets Global Small-Cap Equity Fund, which further complement its existing SICAV fixed income funds. These two new SICAV funds bring the total of equity-focused Ashmore SICAV funds to three and complement the existing Ashmore SICAV Emerging Markets Fixed Income range of 13 funds, with a total of USD6.4bn of assets under management across all SICAVs. All Ashmore funds focus exclusively on emerging markets. The emerging markets fixed income strategies include external debt, local currency, local currency bond as well as corporate debt, blended debt (“total return”) and multi strategy investing. The Ashmore SICAV Emerging Markets Global Equity fund will invest in equities issued by corporates and quasi-sovereigns whereas the Ashmore SICAV Emerging Markets Global Small-Cap Equity fund will invest in equities issued by small-cap corporates with a market cap of up to USD2 billion and quasi-sovereigns. The funds will be managed by AshmoreEMM, a member of the Ashmore Group.
04/11/2011

Ashmore hires a head of European third party distribution

Ashmore, the London based emerging markets asset manager, has appointed Dominick Peasley as head of European third party distribution. Reporting directly to Christoph Hofmann, Ashmore’s global head of distribution, he is based at Ashmore’s London office and responsible for establishing key relationships with retail and wholesale distributors. Dominick Peasley joins Ashmore from Goldman Sachs Asset Management where he was an Executive Director, heading UK third party distribution. This recruitment is part of the ongoing effort to complement Ashmore’s predominantly institutional business. Approximately 87% of Ashmore’s assets under management (USD58.9bn) are from institutional investors from across the globe, including central banks, sovereign wealth funds, public and corporate pensions and insurance companies.

Sujets d'actualité

Tous les sujets