Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
12/04/2013

60 milliards d’euros d’actifs pour les fonds de pension chinois

Le quotidien cite le vice-ministre chinois des affaires sociales, Hu Xiaoyi, qui assure que le montant total des actifs gérés par les fonds de pension des entreprises chinoises s’élevait au 31 décembre dernier à quelque 482,1 milliards de yuans, l’équivalent de 59,4 milliards d’euros. Ces fonds ont enregistré une performance de gestion moyenne de 5,68% l’an dernier.
12/04/2013

Les fonds russe et chinois renforcent leur coopération

L’agence cite Kirill Dmitriev, le directeur général du Russian Direct Investment Fund, qui évoque des réunions attendues la semaine prochaine à Pékin avec des représentants du fonds souverain China Investment Corp (CIC) afin de renforcer la coopération. Les deux fonds ont signé en juin un accord pour la création d’un fonds commun de 2 à 4 milliards de dollars.
12/04/2013

Skandia France fait le tri chez ses CGPI

Dans un contexte difficile pour le secteur de l’assurance, Skandia France va privilégier les 200 meilleurs clients avec lesquels il réalise 80% de sa collecte. Cette sélection provoque des grincements de dents chez certains. La filiale vise également la clientèle des banques privées.
12/04/2013

Les réserves chinoises repartent à la hausse

Les réserves de change de la Banque populaire de Chine qui avaient eu tendance à se tasser à la fin de 2012 ont bondi à 3.440 milliards de dollars au premier trimestre 2013. La forte croissance du crédit, notamment issu de la finance parallèle, a poussé Fitch à dégrader la note du pays.
12/04/2013
Gestion d'actifs

Sham investit dans des obligations émises par les hôpitaux français

En février 2013, Sham a procédé à une troisième souscription d’emprunts obligataires émis par le groupement des CHU français. Cette nouvelle opération porte à 50 M€ sur quatre ans, le montant total des investissements réalisés par la société d’assurance mutuelle pour soutenir le financement des CHU. Cette somme représente 7,5% du total des fonds levés par le groupement des CHU (655 M€) et 3,4% des placements de Sham en valeur bilan. Principal assureur des établissements de santé publics, Sham entend par ce type de placements contribuer à la modernisation des centres hospitaliers.
Gestion d'actifs
12/04/2013
Gestion d'actifs

La Caisse de pension de la Société Générale d'Affichage externalise sa gestion administrative et financière

La Caisse de pension de la Société Générale d’Affichage qui gère 250 millions de francs suisses, a décidé d’externaliser complétement la gestion administrative et financière (auprès d’asset managers donc), suite au passage d’un régime à prestations définies à un système à contributions définies, qui a pris effet au début de l’année 2013.
Gestion d'actifs
11/04/2013

Baisse des inscriptions au chômage aux Etats-Unis

Les inscriptions hebdomadaires au chômage ont diminué plus qu’attendu aux Etats-Unis lors de la semaine au 6 avril, à 346.000 contre 388.000 (révisé) la semaine précédente, a annoncé jeudi le département du Travail. La moyenne mobile sur quatre semaines s'établit à 358.000 contre 355.000 (révisé de 354.250) la semaine précédente.
11/04/2013

Délai de remboursement étendu pour Lisbonne

Les ministres des Finances de la zone euro conviendront sans doute vendredi de donner à l’Irlande et au Portugal sept années de plus pour rembourser les prêts de l’Union européenne, a déclaré jeudi le président de l’Eurogroupe. «L’intention est très positive», a indiqué Jeroen Dijsselbloem lors d’une conférence de presse. «J’espère que nous pourrons finaliser cela demain», a-t-il ajouté.
11/04/2013

La justice américaine blanchit OppenheimerFunds

La Cour suprême de l’Etat de New York a rejeté la plainte de créanciers accusant OppenheimerFunds de les avoir poussés à financer un système d’arbitrage baptisé AAArdvark, tout en ayant la connaissance de plusieurs failles. Oppenheimer, filiale de Massachusetts Mutual Life Insurance, fait l’objet de deux autres plaintes similaires, qui pourraient donc connaître le même sort.
11/04/2013

AllianceBernstein launches a UCITS-compliant long/short fund

P { margin-bottom: 0.08in; } With the Market Neutral Portfolio, AllianceBernstein has launched a new sub-fund of its ACMBernstein Luxembourg Sicav which may invest in ordinary or preferential stocks, ETFs, and derivatives, with both long and short positions. The management team is permitted to take positions both directly on shares and on indices. Characteristics Name: ACMBernstein SICAV – Market Neutral Portfolio ISIN code: LU0861580784 Management commission: 1.14% Performance commission: 20% with high watermark
11/04/2013

Inflows to long-term funds near EUR29bn in February

P { margin-bottom: 0.08in; } Long-term funds, meaning all mutual funds not including money market funds, posted a net inflow of EUR28.8bn in Europe n February, down 47% ompared with January, but above the EUR20bn threshold for the seventh consecutive month, according to the most recent Lipper Fund Flash, released on 10 April.Money market funds posted a marginal inflow of EUR240m, as investors pulling out of money market finds denominated in pounds sterling and euros invested in funds denominated in US dollars. Taking into account these movements overall, net inflows total EUR29bn.Diversified funds finished the month of February with inflows of EUR22.2bn (excluding money market funds), down 50% compared with January, but above the monthly average of EUR18.3bn observed in 2012.JP Morgan has returned to the top three distributors in Europe , with inflows of EUR1.6n, behind BlackRock (EUR3.2bn), and Pimco (EUR2bn), but ahead of Aberdeen (EUR1.4bn) and Franklin Templeton (EUR1.3bn).
11/04/2013

FCA releases two papers on behavioural finance

P { margin-bottom: 0.08in; }A:link { } The new Financial Conduct Authority has published two occasional papers on behavioural economics, to explore ways that investors take financial decisions. The first of these focuses on the ways in which consumers select and use financial products, and how behavioural biases may incite businesses to compete in a way that is not in the interests of consumers. The second paper explores better ways to encourage consumers to respond to customer contact letters. The regulator points out that an overabundance of information can sometimes drive consumers to neglect certain important characteristics of investment products, and instead focus on headline rates.
11/04/2013

Direxion launches leveraged ETFs

P { margin-bottom: 0.08in; } Index Universe reports that Direxion has launched two leveraged ETFs (3x) based on Brazil and South Korea on NYSE Arca. The Direxion Daily Brazil Bull 3x Shares (ticker: BRZU) and the Direxion Daily South Korea Bull 3X Shares (KORU) charge fees of 1%. Direxion is also awaiting permission from the SEC to launch four pairs of ETFs (bull and bear 3x) based on Chile, Mexico, Hong Kong and Japan.
11/04/2013

Market Vectors planning to launch an Israel equity ETF

P { margin-bottom: 0.08in; } The arm of Van Eck Global specialised in ETFs, Market Vectors, has submitted an application to the Securities and Exchange Commission (SEC) to launch an equity ETF dedicated to Israel, IndexUniverse reports. The Market Vectors Israel ETF, which will charge 0.59%, will be based on an index created by BlueStar Indexes. At least 80% of assets in the fund will be invested in the index, which as of 1 March 2013 included 94 shares in companies with an average market capitalisation of USD1.9bn. The ETF is the second product dedicated to the Israeli market, following the iShares MSCI Israel Capped Investable Market Index Fund, whose assets under management total USD83.4m.
11/04/2013

Psigma IM recruits an LGIM veteran

P { margin-bottom: 0.08in; } The former director of sales from LGIM, Franck McGarry, is joining Psigma Investment Management as director of marketing and development, Investment Week reports. McGarry will report to John Howard-Smith, CEO of Psigma.
11/04/2013

Old Mutual GI recruits from Aviva Investors

P { margin-bottom: 0.08in; } Robert James is joining the British equity management team at Old Mutual Global Investors (OMGI) as a senior analyst, from Aviva Investors, where he had most recently been an analyst for pan-European financial sector stocks. In this way, says Julian Ide, CIO of OMGI, the British large caps team will be completed, following the recruitments of Richard Buxton, Errol Francis and Ed Meier.
11/04/2013

LGIM recruits chief financial officer from Aviva

P { margin-bottom: 0.08in; } Subject to the permission of the regulatory authorities, Siobhan Boylan is appointed as chief financial officer (CFO) at Legal & General Investment Management (LGIM, GBP406bn as of 31 December 2012), a position in which she will report to CEO Mark Zinkula. Boylan has served as CFO of Aviva North America in Chicago, where she was responsible for the finances of the Aviva group in the United States and Canada. From 2007 to 2011, she was CFO of Aviva Investors in London.
11/04/2013

Hermes IM recruits a senior analyst for its commodities unit

P { margin-bottom: 0.08in; } The British boutique Hermes Investment Management has recruited Joseph Murrat as a senior analyst for its team dedicated to commodities, Citywire reports. Murray previously worked for Aon Hewitt and BT Pension Scheme Management. In his new role, Murray will be responsible for execution of orders and coverage of the industrial and precious metal markets.
11/04/2013

JPMAM recruits a big name from UniCredit

P { margin-bottom: 0.08in; } The Frenchman Jean-François Hautemulle, director of fund selection at the private banking unit of UniCredit, has joined JPMorgan Asset Management as director of the product strategy division, Citywire reports. He will now be based in London, and will thus be leaving Milan.
11/04/2013

M&G Real Estate acquires real estate portfolio

P { margin-bottom: 0.08in; } The Berkeley Group Holdings plc has sold a portfolio of residential properties which had been partly financed by the Homes & Communities Agency (HCA), for GBP105.4m to M&G Real Estate, which had formerly been known as Prupim (GBP17bn). The portfolio includes 534 housing units, located on 13 sites in Greater London, as well as in South-East England. Berkeley will retain a minority stake. The day-to-day management of the portfolio will be provided by Savills.
11/04/2013

JPMorgan selected as custodian by PGGM

P { margin-bottom: 0.08in; } The Netherlands pension fund PGGM (2.5 million subscribers and EUR133bn in assets) has selected JPMorgan, after several months of due diligence, as its global custodian, while BNY Mellon and Citi were also contenders, FondsNieuws reports.
11/04/2013

Veritas Investment recruits for sales team

P { margin-bottom: 0.08in; } Kerstin Behnke, a member of the board of directors and director of distribution, has announced that Veritas Investment has recently recruited two sales specialists, who will report to her. They are Annabelle Bannach, who joined the firm in mid-March as manager of customer service and assistant to the board of directors, and Marcel Andretzki, who joined the firm in early april as a sales manager in charge of independent distributors, wealth managers, broker pools and fund platforms. Bannach has previously worked at Fidelity and Gartmore with Andretzki, who most recently was a client executive at SEB Asset Management, responsible for independent financial advisers, fund platforms, co-operative banks and savings banks.
11/04/2013

Allianz GI makes a foray into Asian debt

P { margin-bottom: 0.08in; } The Luxembourg-registered fund Allianz Flexi Asia Bond from Allianz Global Investors (AGI), launched on 3 July 2012, now has reached USD560m in assets, 80% to 90% of which is from Asian investors, including some pension funds, David Tan, CIO for Asia-Pacific fixed income, said on a visit to Paris on 10 April.The specialist says that investing in Asian bonds allows Western investors to diversify, by avoiding the structural problems of Europe. Asia offers solid fundamentals, high returns and potential for appreciation of currencies.The fund is managed in Singapore by Chee Seng Cheng in Singapore, with an absolute return approach, and the objective of delivering returns for investors of 5.5-6%, with ex ante volatility of 5.5% (it has been under 3% so far). Currently, the portfolio has 93 positions, and returns were 8.30% in US dollars as of 2 April, compared with 6.07% for the benchmark index, the HSBC Asian Local Bond Index (ALBI).The management team currently favours the Philippines, China and Korea. It may invest in high-yield bonds, government bonds in local as well as hard currencies, both investment and speculative grade corporate bonds, inflation-linked and convertible securities, but not in loans. Tan states that the portfolio is currenrtly 38% composed of securities denominated in US dollars, and 44% in securities falling into the high yield category.The CIO for Asia-Pacific fixed income says that for the moment, the capacity limit for the highly flexible fund is about USD5bn.
11/04/2013

BNY Mellon recruits Japanese equity team from ING IM

P { margin-bottom: 0.08in; } BNY Mellon Asset Management has announced that it has recruited a team of Japanese equity specialists (managers, analysts, and one trader) led by Miyuki Kashima, from ING Investment Managers. Ms. Kashima joined ING IM in mid-2009, after working at Merrill Lynch Mercury (which has since become BlackRock).The professionals will report to Shizu Kishimoto, representative director and president of BNY Mellon AM Japan, and the regional CEO, Alan Harden. ING IM calls the changes a “transfer” following a decision no longer to actively manage equity portfolios for external clients in Japan. The team will continue to be sub-advisor to the portfolio it currently manages.BNY Mellon AM had previously had only one Japanese equity fund in its range, the BNY Mellon Japan Equity Value Fund, an Irish-registered product managed by Andrew Jenner and Mike Morris.Douglas L. Hymas, president & CEO of ING Mutual Funds Management Company (Japan) Ltd, says that the strategy of his business is to focus increasingly on distribution of foreign assets to external clients, while Harden says that BNY Mellon is “aggressively” developing its asset management activities in Asia-Pacific with Japan a key element in this strategy.
11/04/2013

Private equity investors sell off a lot of shares

P { margin-bottom: 0.08in; } The Wall Street Journal has calculated that in the first three months of the year, private equity investors have sold shares at 50 follow-on offerings totalling USD20.5bn. This is particularly true of Bain Capital, KKR and Apollo Global Management. The number of deals is twice that observed in the corresponding period of 2012, according to Dealogic. The rise in sales of these shares is due to a trend toward funds investments in US equities, and a need on the part of private equity investors to free up cash.
11/04/2013

First State Stewart may limit access to emerging market funds

P { margin-bottom: 0.08in; } The asset management firm First State Steward has announced in a letter to its shareholders that it may be required to soft close 11 of the 13 funds in its offshore range dedicated to emerging markets, due to strong demand from investors, Investment Week reports. Last year, First State Stewart soft closed its Hong Hong Growth and Indian Subcontinent funds. Last month, First State redoubled its efforts to limit inflows to the Asia Pacific Leaders fund, managed by Angus Tulloch, with assets under management of about USD7.4bn, by asking wealth managers to avoid large investments.
11/04/2013

OppenheimerFunds creates a position for a CIO of asset allocation

P { margin-bottom: 0.08in; } Since 8 April 2013, Mark Hamilton has been CIO, asset allocation, at OppenheimerFunds, a newly-created position. He reports to Art Steinmetz, CIO. Hamilton spent 19 years at AllianceBernstein, most recently as investment director in the dynamic asset allocation team.

Sujets d'actualité

Tous les sujets