Le Shanghai Securities News, citant un analyste anonyme, ne table pas sur le retour prochain des approbations d’introduction en Bourse en Chine de titres de classe A de la part du régulateur, qui a plutôt émis récemment des mesures visant à restreindre la liberté d’action des émetteurs. 882 sociétés ont enregistré une demande d’IPO au 4 janvier. Le marché pourrait s’ouvrir au second semestre.

L'inclusion de CAC dans les nouveaux emprunts d'Etat aura peu d'impact de marché, sauf sur les titres démembrés. Les Pays-Bas ont ouvert le bal

La demande placée de bureaux en Ile-de-France a reculé entre 3 % à 10% en 2012 selon les professionnels. Les grandes opérations ont soutenu le marché

Le gestionnaire d’actifs absorbe Egret Management, filiale de sa maison mère Société Générale CIB, et prépare un fonds de dette LBO pour continuer sa diversification dans la gestion active et obligataire. Son bureau londonien va recruter dix professionnels de la vente et de l’analyse.

Le marché de l’immobilier de bureaux en Ile-de-France s’est inscrit à la baisse en 2012 tant du point de vue de la demande placée que des volumes investis. La crise économique et les incertitudes dans la zone euro ont pesé mais les grandes transactions ont toutefois soutenu le marché.

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2012 a été marquée par la montée en puissance des fonds souverains. Malgré tout les investissements franciliens chutent de 11%

Le gestionnaire d’actifs de Société Générale CIB renforce son expertise crédit en absorbant le fonds Egret, filiale de sa maison mère

Le sujet a été évoqué en décembre mais il pourrait pénaliser des acteurs du financement de l'économie sans rendre les banques plus prêteuses

La Banque du Japon devrait céder à la pression du nouveau Premier ministre et relever son objectif d’inflation de 1% actuellement à 2% et accorder une nouvelle rallonge de 10.000 milliards de yens à son programme de rachat d’actifs lors de la prochaine réunion de son comité de politique monétaire qui se tiendra les 21 et 22 janvier prochains, indique le journal qui ne cite pas ses sources.

La part des prêts bancaires dans les financements totaux est toutefois tombée à 52%, signalant le poids pris par le «shadow banking» dans le pays

Selon le chef de l’Agence nationale de gestion du Trésor (NTMA), l’Irlande est proche d’un financement de marché normalisé qui la rendrait éligible au programme de rachat de titres publics par la BCE (OMT). «La transaction de mardi (2,5 milliards d’euros à échéance 2017) est proche de la normalisation, peut-être que les adjudications mensuelles seront la cerise sur le gâteau», a estimé John Corrigan.

La production industrielle allemande n’a que timidement rebondi en novembre après sa forte baisse d’octobre, renforçant le scénario d’une contraction au quatrième trimestre. Soutenue par les biens d'équipement et le BTP, la production des usines a augmenté de 0,2% en novembre alors qu’elle avait reculé de 2% le mois précédent (révisé de -2,6%), selon les chiffres du ministère de l’Economie.

Lauréat du prix Nobel d’économie en 1986 pour ses travaux sur le développement de la théorie des choix publics, qui souligne l’impact des intérêts propres des politiciens sur les politiques économiques des gouvernements, James M. Buchanan est décédé ce mercredi à l’âge de 93 ans. Parmi ses écrits, on retiendra «Les limites de la liberté» (1975) et «Liberté, marché et Etat» (1985).

Le président Obama devrait proposer ce jeudi la nomination du chef du personnel de la Maison blanche Jack Lew au poste de secrétaire au Trésor, en remplacement de Timothy Geithner. L’information est rapportée par Bloomberg et le Wall Street Journal. Agé de 57 ans, Jack Lew a également été le responsable du Bureau de la gestion et du budget (OMB).

Sur Europe 1, le ministre de l’Economie et des Finances, Pierre Moscovici, a assuré que le futur taux du Livret A, en vigueur à partir du 1er février, ne baisserait pas d’un point. Compte tenu de l’inflation, une application stricte de la formule prônée par la Banque de France, pourrait faire descendre le taux à 1,25% contre 2,25% actuellement, estiment des économistes. «Si on conclut que c’est l’inflation plus 0,25 (point) au moins, non ce ne sera pas un point, je peux le dire», a déclaré le ministre.

Au moins un quart des dirigeants de petites et moyennes entreprises américaines ont repoussé un investissement ou une embauche fin 2012 en raison de la menace du «mur budgétaire», selon une enquête publiée par Vistage International. Un accord budgétaire a été conclu in extremis le 31 décembre entre la Maison blanche et le Congrès.

Sebastiano Ferrante at the beginning of 2013 became the new country head for Germany at Pramerica Real Estate International, succeeding Georg von Werz. As a member of the board of directors, he is also responsible for fund management. From 2007 to 2012, he was co-country head for Germany at Tishman Speyer Properties in Frankfurt, responsible for acquisitions and sales of properties in Germany, and of the operational platform of Tishman Speyer Properties. Pramerica Real Estate Investors (the European affiliate of Prudential Financial) has also announced that it has acquired the office building at 141 Bothwell Street (175,000 square feet) in Glasgow from the Strathclyde Pension Fund for GBP70m.

Wesley Wang, a former analyst at the hedge fund trading firm SAC Capital, has named 20 people who traded on inside information, the Financial Times reports, citing the prosecution. Wang, who has confessed to dealing in insider information while working at SAC and Whitman Capital, faces a verdict on Wednesday.

Two former employees of Man Investments are joining teams responsible for assisting independent wealth management advisers and family offices in Switzerland at Swiss & Global Asset Management (CHF87.4bn in assets as of the end of September). Remo Badertscher, senior relationship manager at his former employer, and Markus Lienert, who had been head of clients for independent wealth management advisers in Liechtenstein and Switzerland, have been recruited for the sales team at Swiss & Global in Zurich.

Philippe Currat, who will reach the age of 65 in May 2013, has announced plans to leave the executive board at Banque Privée Edmond de Rothschild S.A. at the beginning of 2013, from 9 January, the Geneva-based bank has announced in a statement released on 8 January, after the close of the trading day. Currat had been chairman of the executive board at the private bank for 25 years.

GLG, the discretionary investment manager of Man Group plc, has announced a number of senior hires to its macro and fixed income team. The appointments are part of a focus on expanding GLG’s strategy as it relates to absolute return macro and fixed income. Kumaran Damodaran joins Sudi from Pimco as a portfolio manager focusing on emerging markets within GLG’s fixed income platform. He has significant experience managing absolute return and outperformance portfolios and has worked closely with Sudi Mariappa in the past, who also joined GLG in October.Brian Pinto will join from the World Bank to take on the role of Senior Macro- Economist, specialising in emerging markets. With many publications to his credit, Brian has spent nearly thirty years at the World Bank, where he is currently Senior Adviser, focusing on sovereign debt, financial integration and growth in emerging markets. He will work closely with GLG strategist Driss Lamrani. Richard Bateson joins from Man AHL as a Senior Quantitative Analyst. He currently heads a strategy within AHL which trades trend, reversion and value strategies across over 150 markets. He is also an Associate of the OxfordMan Institute, Oxford University. The overall macro and fixed income platform will be co-headed by Jamil Baz and Sudi Mariappa.

The Swiss Siz & Co group has announced that it has registered four new sub-funds of its Luxembourg Oyster sicav in Switzerland. The registration of the new sub-funds is a sign of the group’s desire to meet the particular need of Swiss professional clients. Switzerland currently represents a major area of development for Oyster funds. With the Oyster range and the Oyster Multi-Manager sub-funds of the Sicav 3A Alternative Funds, 36 funds are offered to Swiss investors, a range which is constantly developing, and which ranges from highly conservative absolute return strategies to traditional strategies focused on various asset classes, and more innovative “newcits” approaches. OYSTER European SelectionOyster European Selection adopts the approach and philosophy of the Oyster European Opportunities fund. The strategy is appropriate for the requirements of institutional clients, and targets European equities with strong potential for growth in the next five years. With its longer investment horizon, the fund benefits from the expertise and strong convictions of its manager, Eric Bendhan, a specialist in European equities. OYSTER US SelectionOyster US Selection focuses on US equities, combining bottom-up analysis with a top-down complement which aims to anticipate changes in economic cycles. The fund, managed by Scout Investments, Inc., a US asset management firm, offers a strategy which is available in UCITS format exclusively via the Oyster Sicav. OYSTER Global High DividendOyster Global High Dividend invests in high-dividend equities worldwide. Managed by SYZ Asset Management SA and SYZ & Co Asset Management LLP with Roberto Magnatantini as lead manager, Oyster Global High Dividend combines quantitative and fundamental analysis with a particular emphasis on growth in dividends. OYSTER Global High YieldOyster Global High Yield invests in high yield bonds worldwide. The fund is managed by Seix Investment Advisors LLC, an asset management firm based in the United States.

The Eurekahedge hedge fund index gained 1.46% in December, bringing its performance for the year as a whole to 6.19%. The Mizuho-Eurekahedge Top 100 index, which tracks the evolution of assets and the performance of the 100 largest hedge funds, for its part, posted gains of 5.82% in 2012. Distressed debt strategies earned the best results in 2012, with gains of 12.87% over twelve months.

JP Morgan Asset Management would like to enter the Australian fund market this year, says Jed Laskowitz, CEO of Asian fund activities and head of asset management in Asia for the US firm, at a press breakfast held by Asian Investor. The firm already has an institutional presence in the country. JP Morgan AM would also like to penetrate South-East Asia, and may launch its first ETF in China via its joint venture, the Asian website adds.

The British firm Federated Prime Rate Capital Management, an affiliate of Federated Investments, has registered its money market Sicav umbrella fund Federated Prime Rate Cash Management Funds, domiciled in Luxembourg, with the CNMV, Funds People reports.

At a time when Spanish asset management firms underwent net redemptions and a decline in their assets under management throughout last year, the assets at foreign asset management firms have increased 10.6% in the first eleven months of 2012, to a total of EUR52bn, Funds People reports.

Carmignac Gestion has announced the arrival of Anne Bellavoine as director of marketing. In an interview with Newsmanagers, Eric Helderlé, CEO, explains that with this recruitment, the asset management firm hopes to place marketing at the centre of the concerns of the company, in light of its growth. The head says this choice comes at a time when Carmignac Gestion is posting results above expectations in the UK, and eventually, the development of the asset management firm will also extend to Asia and South America. “We are in an environment in which we are taking important steps, and are attacking new markets which are very different from the ones of continental Europe,” the director says. “And,” he adds, “the regulatory environment is presenting significant complications to the product approach.” In this environment, the new head will aim to take the “glocal” approach which is so highly valued at Carmignac Gestion. “Glocal” is global for funds on sale internationally in the large sense, and local for the fact that it takes into account the very different demand characteristics of each ountry (more or less strongly for distribution shares, capitalisation shares, etc.). In practice, Bellavoine will lead and co-ordinate the marketing team composed of 20 people, and will report to Eric Le Coz, deputy CEO. This is not a new position. Laurence Bertrand held this position before leaving the firm at the end of May 2012. However, “we needed a more strategic vision,” says Helderlé, adding that the managerial abilities of the recruit and her “sense of the customer” justify her recruitment, as marketing is no one of the professional activities covered previously. The new head spent 17 years at Société Générale, where she served successively as global director of Equity Sales and as chairwoman of SG Securities, director of the Equity and Derivatives market desk, and lastly as a banker in charge of financial institutions. The senior profile of the new recruit will open the doors of the strategic development board, unlike the firm’s last director of marketing.

Pioneer Investments has recruited two people for its institutional team in the United States. Mark Dacey has been appointed as head of consultant relations, while Amu DiMarzio joins the firm as a bond strategist. Dacey was previously at State Street Global Advisors (SSgA), where he was recently managing director and head of consultant relationships in the United States. DiMarzio joins from Putnam Investments, where she was recently vice president and credit analyst.

The French investor Union Mutualiste Retraite, which has EUR7.6bn in assets under management, has awarded Egamo, the asset management firm of MGEN a bond mandate for EUR4bn, following a consultation launched in September 2012. The management mandate for a core portfolio asset is a first for UMR, a press statement says. Egamo has about EUR2.8bn in assets under management in mandates and mutual funds.