Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
06/07/2010

Promotion pour Achim Arnhof chez Erste Sparinvest

Suite à un appel à candidatures internes comme externes, Achim Arnhof, qui faisait partie de l'équipe de distribution institutionnelle depuis 2002 a été nommé directeur des ventes institutionnelles d’Erste Sparinvest pour l’Autriche à compter du 1er juillet. Il est subordonné à Christian Schön, l’un des membres de la direction générale d’Erste Sparinvest depuis octobre 2009.Achim Arnhof remplace Anton Kovar, qui est devenu co-directeur général d’Erste Sparinvest pour l’Allemagne en avril, aux côtés d’Harry Möhring.
06/07/2010

Adam Lessing rejoint Fidelity-Autriche

L’ancien patron du développement Europe d’Aviva Investors, Adam Lessing, a retouvé un poste : il est désormais directeur général de Fidelity International pour l’Autriche et sera de plus chargé du développement dans ce pays ainsi qu’en Europe de l’Est. Il avait dû quitter son ancien employeur fin décembre 2009, dans le cadre d’une restructuration.Adam Lessing reprend les prérogatives d’Alfred Strebel, qui s'était chargé de l’Autriche début 2007 et qui va pouvoir à présent se concentrer à nouveau sur le marché suisse pour y développer la clientèle institutionnelle, en complément du retail.
06/07/2010
Fonds

Les hedge funds ont limité les pertes au premier semestre

Pour juin, l’indice Hedge Fund Research (HFRX) des hedge funds a marqué une baisse de 0,94 %, si bien que la perte sur le premier semestre se limite à 1,2 % alors que le S&P 500 reculait respectivement de 5 et 7,6 %, constate The Wall Street Journal.En général, les gérants de hedge funds ont évité de grosses pertes parce qu’ils sont demeurés sur la défensive, comme le souligne Chris Jackson, gérant de fonds de hedge funds chez SFG Asset Advisors.Le principal hedge fund géré par Och-Ziff Capital Management a baissé de 0,46 % en juin, mais gagne 1,39 % pour janvier-juin. David Einhorn a fait gagner plus de 2 % en juin à Greenlight Capital Re, la performance pour le premier semestre ressortant à 0,6 %.
Fonds
06/07/2010

Vontobel merges all German activities

The Swiss Vontobel group, which has chosen Germany as its “second domestic market,” on Monday announced that it is adopting the single brand name Bank Vontobel Europe AG in the country, as a result of the merger of Vontobel Securities AG in Cologne with Vontobel Europe SA in Frankfurt. The group will now offer private banking, asset management and investment banking services under the single brand name. The managing board at Bank Vontobel Europe AG will be chaired by Frank Wieser, and will also include Alois Ebner, Andreas Heinrichs, Richard Zweng and Matthias Klein. The supervisory board will be chaired by Herbert J. Scheidt, CEO of the Vontobel group.
06/07/2010

ETF: db x-trackers aims for second place in Europe, after Lyxor

Since the beginning of the year, assets in European ETF funds have increased 16%, to EUR197.6bn, following a 63% increase in 2009, db x-trackers reports. Thorsten Michalik, director of the arm of Deutsche Bank, has told the Frankfurter Allgemeine Zeitung that the firm is hoping to overtake Lyxor Asset Management (Société Générale) as the second-largest European ETF provider in the near future. Currently, Lyxor has EUR34.4bn in assets under management, and a market share of 17.4%, while db x-trackers has EUR28.7bn, or 14.5%. The top provider is BlackRock, after its acquisition of iShares, with EUR64.7bn, or a market share of 32.7%. As innovation gives an advantage to managers who are the first to launch a promising product, db x-trackers is planning to make itself stand out in the currencies, commodities and emerging markets ETF domains.
06/07/2010

Threadneedle adds to sales team

Philipp Kowollik, who for 5 years was a sales manager for Germany and Austria at Société Générale Asset Management in Frankfurt, has joined Threadneedle Germany in the same city as sales director, in charge of private banks and family offices throughout Germany. He will report to Werner Kolitsch, head of Germany & Austria.
06/07/2010

Appointments at Allianz Pension Partners and AGI

Martin Katheder, who was previously head of solutions development for corporate savings plans at Allianz Global Investors, has been appointed CEO of Allianz Pension Partners (APP), an affiliate of Allianz Global Investors KAG (AGI) specialised in corporate retirement savings solutions. Katheder will also become head of pension markets activities at AGI. In his new role, Martin Katheder replaces Tobias Pross, who will take on new reponsibilities in the institutional clients division of AGI.
06/07/2010

Adam Lessing joins Fidelity Austria

The former head of development for Europe at Aviva Investors, Adam Lessing, has a new job: he is now CEO of Fidelity International for Austria, and will be in charge of development in the country, and also in Eastern Europe. He left his former employer in December 2009 in a restructuring. Lessing replaces Alfred Strebel, who became CEO for Austria in early 2007, and who will now be able to once again concentrate on the Swiss market, in order to develop the institutional client base there, to complement the retail segment.
06/07/2010

Achim Arnhof promoted at Erste Sparinvest

Following a search for both internal and external candidates, Achim Arnhof, who had previously served in the institutional sales team since 2002, has been appointed as director of institutional sales at Erste Sparinvest for Austria, from 1 July. He will report to Christian Schön, who has been a part of the management team at Erste Sparinvest since October 2009. Arnhof replaces Anton Kovar, who became co-CEO of Erste Sparinvest for Germany in April, alongside Harry Möhring.
06/07/2010

Loïc Cadiou quits at Amundi

Amundi has confirmed to Newsmanagers that Loïc Cadiou, head of fixed income, absolute returns and currencies, based in London, has left the firm; his resignation was previously reported by Citywire. He will be replaced by Cédric Morisseau, who previously served as deputy head. In the new organisational structure put in place following the departure of Bruno Crastes, whose resignation was announced in April (see Newsmanagers of 14/04/10), then of Vincent Chaillet, head of international bond and absolute returns activities, and then of Jean-Noël Alba, deputy CEO of CAAM London Branch, Pascal Blanqué is now CEO of Amundi London, Laurent Crosnier is CIO, and Morisseau becomes head of fixed income, absolute returns, and currencies.
06/07/2010

Benfica Stars Fund earns first gains on football player trading

According to reports in Dinhero Digital, relayed by Funds People, the Benfica Stars Fund, which has been managed by Esaf since September 2009, will make EUR5m on the EUR25m paid to Benfica by Real Madrid for the transfer of left wing Angel di María. This represents a gain of EUR0.6m for the fund. The SAD Benfica sold 20% of its rights to Di María to the Benfica Stars Fund for EUR4.4m when the fund was created, which valued the player at EUR22m. As of the end of May, assets in the fund totalled EUR35.74m.
06/07/2010

EDRAM Hong Kong becomes ASrIA member

Edmond de Rothschild Asset Management Hong Kong announced on Monday, 5 July that it has become a member of the Association for Socially Responsible Investment in Asia (AsrIA), a non-profit organization dedicated to the promotion of corporate responsibility and sustainable investment practices in the Asia-Pacific region. Edmond de Rothschild Asset Management Hong Kong Limited will now have access to the research, resources and data of ASrIA, which will allow it to identify SRI-related issues encountered by local companies, and the major areas of concern of investors, a statement from the management firm says.
06/07/2010

Aberdeen cuts back positions for Frontiers fund

Investment Week reports that Aberdeen has halved the number of positions for its European Frontiers fund (GBP52m), from 60 to 28. Country and sectoral allocations for the fund have also been modified. One year ago, the fund was 53% exposed to Russia, and 14% to Turkey. These countries’ exposures are now 44% ,and 25%, respectively. The fund is overweight in the discretionary consumer and health sectors, and underweight in energy and utilities.
06/07/2010

Banking legislation reforms will have marginal impact on asset managers

According to Robert Lee, an analyst at Keefe, Bruyette & Woods, the new legislation applicable to banks will only have a minor impact on fund managers, the Wall Street Journal reports. However, the “Volcker-rule,” which limits prop trading by banks, will also apply to asset managers who are already subject to banking laws. Franklin Resources, for example, has the status of a bank holding company, while T. Rowe Price Group has a banking affiliate, and BlackRock is a non-banking affiliate of Bank of America and PNC Financial Services Group.
06/07/2010

Paris markets held up better than City in crisis

In an interview with Les Echos, Gérard Mestrallet, chairman of the Paris Europlace association, whose 17th annual international financial conference begins today in Paris, claims that the City is still “very powerful and reactive,” but that the Paris market withstood the crisis better. “The good management of most French banks proves that their universal banking model softened the blow of the crisis. The permanent dialogue between French regulators and users of the market guaranteed a level of regulation which was adapted to investor protection. This resilience in a crisis context allowed Paris Europlace to form international ties with emerging financial markets with strong growth potential, such as Dubai, Qatar, and most recently Moscow. The Paris market plans to continue to improve its positioning, particularly in SMB financing and long-term savings development,” Mestrallet tells the newspaper.
06/07/2010

SMBC, Barclays and Nikko offer services to Japanese high net worth investors

Sumitomo Mitsui Banking Corporation (SMBC), Barclays Wealth and Nikko Cordial Securities have announced that they have signed a joint venture agreement to provide wealth management solutions to high net worth clients in Japan. The joint venture will be entitled SMBC Barclays Wealth Division, and will operate from the Nikko platform.
06/07/2010

Hedge funds limited losses in first half

In June, the Hedge Fund Research’s hedge fund index (HFRX) was down 0.94%, meaning that losses in first half were limited to 1.25, while the S&P 500 lost 5% and 7.6% in June and first half respectively, the Wall Street Journal reports. In general, hedge fund managers avoided big losses because they stayed defensive, says Chris Jackson, a fund of hedge fund manager at SFG Asset Advisors. The main hedge fund managed by Och-Ziff Capital Management lost 0.46% in June, but gained 1.39% in January-June. David Einhorn made more than 2% in June for Greenlight Capital Re, putting its performance for first half at 0.6%.
06/07/2010

Henderson officially launches UCITS version of Global Currency fund

As previously announced (see Newsmanagers of 6 May), Henderson Global Investors (HGI) on 1 July launched the Henderson Horizon Global Currency Fund, as a sub-fund of its Luxembourg Sicav. It is the first Henderson fund to be launched simultaneously in continental Europe and the United Kingdom. The Newcits fund, a clone of an original fund registered in the Cayman Islands (Henderson Global Currency Fund), is managed by Bob Arends, head of the currencies team at HGI, which also includes five other Fortis veterans. The team uses a quantitative strategy, which allows them to open positions on the most attractive carry-trades, with specific filters to optimise risk controls in periods of falling markets.
06/07/2010

Neuberger Berman launches a thematic fund

Neuberger Berman Europe has launched a UCITS III-compliant global equities fund. The Neuberger Berman Global Thematic Opportunities fund will invest primarily in companies which are well-positioned to profit from various growth themes. The portfolio will have no more than 50 positions. The minimal investment has been set at USD10,000, or GBP6,667.
06/07/2010

Credit Suisse launches two maturity bond funds

On 19 July, Credit Suisse will launch two bond sub-funds of its Luxembourg Sicav Credit Suisse Fund (Lux), entitled Fixed Maturity 2013 EUR and Fixed Maturity 2015 EUR. They are target date funds, which are already on sale in Germany. The products are aimed at investors in search of a secure investment, and represent an alternative to investment directly in securities. The two funds will invest primarily in bonds denominated in Euros, maturing in 2013 and 2015, and which as a general rule will be retained until maturity. The portfolios, managed by Maurizio Pedrini, will include 50 to 100 positions. Characteristics Names: Credit Suisse (Lux) Fixed Maturity 2013 EUR and Credit Suisse (Lux) Fixed Maturity 2015 EUR ISIN: LU0507003050 (2013) and LU0507003480 (2015)Maturity dates: 29 November 2013 and 30 November 2015Distribution: annualManagement commission: 0.40%
06/07/2010

Fund assets down 2.5% in first half

Between the end of 2009 and the end of June 2010, assets under management at Spanish funds and securities investment companies fell by EUR4.9bn, or 2.5%, to a total of EUR191.57bn, the CNMV states in its most recent quarterly report. The CNMV is not yet in a position to disclose an exact figure for subscriptions/redemptions in second quarter. In January-March, net redemptions totalled nearly EUR3.1bn, largely due to net outflows of EUR4.7bn from bond funds. For funds alone, assets fell 3.2%, or nearly EUR5.45bn, to a total of EUR165.1bn. Of this total, bond funds represented EUR76.93bn, compared with EUR84.66bn as of the end of December. The two categories with the largest asset volumes, after bonds, are guaranteed equities funds, (EUR24.45bn, compared with EUR25.66bn), and guaranteed bond funds (EUR22.65bn, compared with EUR21.03bn).
05/07/2010
Fonds

Mark Lovett quitte Allianz RCM

Mark Lovett, chief investment officer pour les actions britanniques chez Allianz RCM, quitte le groupe. Ses fonds seront repris par des gérants d’Allianz. Jeremy Thomas, qui pilote déjà Allianz RCM UK Growth Fund, prendra en charge le UK Unconstrained Fund et le UK Equity Fund.De son côté, Neil Dwane, chief investment officer pour l’Euroipe, prendra en charge la gestion du Charter European investment trust.
Fonds
05/07/2010

Liontrust se sépare de ses gérants actions internationales

Dans le cadre d’une politique de réduction des coûts, John Ions, devenu CEO de Liontrust Asset Management en mai, a licencié avec effet immédiat, mais avec «gardening leave», l'équipe de gestion actions internationales que dirige Ross Hollyman, rapporte Investment Week..
05/07/2010
Fonds

Jupiter renforce son équipe marchés émergents

Jupiter Asset Management a recruté Kathryn Langridge, de Lloyd George Asset Management, en tant que gérante marchés émergents. C’est en septembre qu’elle rejoindra le desk marches émergents de la société de gestion, qui représente environ 1,2 milliard de livres d’encours. L’équipe gère huit fonds dédiés à ces pays, couvrant l’Europe émergente, l’Asie hors Japon, la Chine et l’Inde. Cette gamme sera bientôt enrichie d’un fonds «marchés émergents» mondial qui sera géré par Kathryn Langridge. Chez Lloyd George Asset Management, la nouvelle recrue de Jupiter AM s’occupait de portefeuilles marchés émergents actions long only depuis 2007. Auparavant, elle avait passé 17 ans chez Invesco Perpetual, occupant diverses fonctions dans la gestion.
Fonds
05/07/2010
Fonds

Les fonds Spectrum de Skandia sont disponibles sur Cofunds

La gamme de six fonds Spectrum de Skandia, gérée en fonction d’objectifs de volatilité, a été lancée sur la plate-forme britannique Cofunds. Cela fait suite à la décision de Skandia de rendre les fonds disponibles auprès des conseillers financiers utilisant les outils d’analyse des risques de Distribution Technology.La gamme, gérée par Skandia Investment Group, a déjà attiré plus de 550 millions de livres d’encours via la plate-forme Skandia Investments Solutions et sa gamme de fonds de pension et d’assurance vie.
Fonds
05/07/2010
Fonds

Gartmore lance un hedge fund géré par John Bennett

Gartmore vient de lancer le Gartmore AlphaGen Pan-European Equity Hedge Fund, un fonds long/short sur les actions européennes qui sera géré par John Bennett, lequel avait rejoint la société de gestion en début d’année en provenance de GAM. Ce gérant senior sur les actions européennes s’occupe aujourd’hui, avec son équipe, de 4 milliards d’euros en actions européennes. Le fonds sera géré avec un style similaire à celui du GAM European Equity Hedge Fund, que John Bennett a piloté entre janvier 1999 et septembre 2009. Il s’agit du premier hedge fund de Gartmore qui soit un compartiment du Qualified Investor Fund domicilité à Dublin. La décision de baser le fonds en Irlande a été prise en anticipation de la directive AIFM et face à la demande croissante des investisseurs pour des fonds onshore, précise un communiqué.
Fonds
05/07/2010

Deutsche Bank ferme deux bureaux en Europe de l’Est

Deutsche Bank a annoncé la fermeture de ses bureaux de gestion de fortune basés en Hongrie et en Pologne, suite à de faibles performances, rapporte Citywire. Ces bureaux faisaient partie du réseau de banque privée de Sal Oppenheim, société rachetée par la banque allemande en octobre dernier.
05/07/2010

Global Equities Capital Markets avance ses pions en Europe

L’Agefi rapporte que la société d’investissement pour compte propre Assya Capital (Assya) qui dispose également d’une plate-forme d’assurance, et Global Equities Capital Markets (Global Equities), spécialisé sur l’intermédiation actions, le corporate finance et la gestion d’actifs, ont annoncé la semaine dernière leur rapprochement en vue de créer une «compagnie financière entrepreneuriale paneuropéenne».Thierry Leyne, fondateur d’Assya sera président du conseil de surveillance de la nouvelle entité, baptisée Global Equities Compagnie Financière. Articulée autour de cinq pôles - intermédiation, gestion d’actifs, corporate finance, private equity et assurance, la gestion d’actifs est un axe prioritaire. De 100 millions d’euros d’encours actuellement, la société vise un milliard d’euros d’actifs à fin 2012, avec trois projets d’acquisitions sont actuellement en cours en Europe, précise le quotidien.
05/07/2010

Les assureurs ciblent les fonds de pension pour leurs produits actions

L’arrivée de Solvabilité II prévue en 2012 pourrait conduire certains assureurs à se séparer de leurs sociétés de gestion à moins, pour la plupart, qu’ils ne trouvent d’autres relais de croissance, rapporte la Tribune. Ainsi, les sociétés de gestion pourront commercialiser leurs produits actions de moins en moins utilisés par leur maison mère et maintenir leur niveau de revenu. Comme le précise Michel Haski, directeur général d’Allianz Global Investors France, les fonds de pension sont les cibles privilégiées, ces investisseurs restant fortement exposés au risque actions, à hauteur, pour certains, de 30 % de leurs encours et ce, sur un horizon de placement très long. Une aubaine certes, note le quotidien, encore faut-il pouvoir les atteindre car la concurrence est rude, l’obtention de mandat se faisant via appels d’offres.

Sujets d'actualité

Tous les sujets