Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
27/07/2012

Nouveau versement pour les victimes de Bernard Madoff

Irving Picard, responsable des procédures de remboursement aux victimes de Bernard Madoff, a demandé au juge des faillites d’approuver un nouveau versement, de 1,49 à 2,43 milliards de dollars (le premier n’était que de 333 millions). De quoi solder les réclamations de 1.220 victimes.
27/07/2012

La Chine laisse filer le yuan

Le yuan a atteint hier un plus bas face au dollar depuis janvier. Confrontée au ralentissement économique, la banque centrale chinoise a arrêté de soutenir sa monnaie et tente ainsi de redonner de la compétitivité à ses entreprises exportatrices. De son côté le yen, considéré comme une valeur refuge, se renchérit aussi face au yuan.
27/07/2012

La BCE laisse espérer une intervention

Mario Draghi a fait miroiter hier une reprise du programme de rachats d’emprunts d’Etat par la banque centrale, provoquant un rally boursier et obligataire, notamment sur l’Espagne. Une intervention verbale qui devra vite se traduire en actes.
26/07/2012

Director of SGSS in Egypt to represent depository community

Yasser Zaazaa, director of Société Générale Securities Services (SGSS) in Egypt, and regional head of the firm for North Africa, has been elected to the board of directors at Misr for Central Clearing, Depository & Registry (MCDR), the local authority dedicated to post-market activities in Egypt. In this role. Zaazaa, director of SGSS for Egypt and regional head of SGSS for North Africa, will represent the Egyptian depository community and will work in collaboration with market actors to develop capital market mechanisms, a statement says. MCDR is also an active member of the Africa & Middle East Depositories Association (AMEDA), and holds the presidency of that organisation. MCDR was founded in Egypt in 1994 to administer the central savings bank, manage th central registry of securities traded on Egyptian capital markets, and to facilitate securities lending for book-entry securities.
26/07/2012

Standard Life Investments veut se développer en Asie

Selon le site Asian Investor, Standard Life Investments (SLI) compte établir une activité de recherche de construction de portefeuille dans la région Asie-Pacifique où ses activités de distribution connaissent une forte croissance. En avril, la société qui gère 250 milliards de dollars a d’ores et déjà recruté chez Treadneedle AM à Londres une équipe spécialisée dans le dette dans les pays émergents, dirigée par Richard House et composée notamment de Mark Baker et Nicolas Jaquier en tant que «investment directors».
26/07/2012
Fonds

Le fonds souverain CIC International en perte en 2011

En 2011, selon son rapport annuel 2011 paru hier, le fonds souverain chinois CIC International a enregistré une perte de 4,3 %. Ce chiffre est à rapprocher de la progression du portefeuille de 11,7 % enregistrée en 2009 et 2010. Par ailleurs, le rendement annuel cumulé est ressorti à -3,8 % l’an dernier après deux années durant lesquelles ses rendements annualisés ont été positifs (4,1 % en 2009 et 6,4 % en 2010). Fin 2011, selon la répartition des investissements dans le monde, les Etats-Unis puis l’Asie et l’Europe occupaient respectivement 43,8 %, 29,6 % et 20,5 % du portefeuille. En termes de secteur; la Finance était la mieux représentée (19 %) devant l'énergie (14 %), l’information, la technologie et la consommation discrétionnaire (10 % respectivement). À la fin du mois décembre 2011, le fonds a bénéficié d’une injection de 30 milliards de dollars afin de renforcer la diversification de ses investissements en devises étrangères, précise le rapport annuel. Enfin, la valeur des actifs du CIC s’est élevée à 482,2 milliards de dollars en 2011, contre 409,6 milliards en 2010.
Fonds
26/07/2012

EFG International remonte la pente au premier semestre

La réorganisation du groupe suisse de private banking EFG International a porté ses fruits. Au premier semestre, le bénéfice net de 53,1 millions de francs suisses s’inscrit certes en recul de 5% par rapport à la même période de l’an dernier, mais il est en forte hausse comparé à la perte de 350 millions de francs publié au second semestre 2011.EFG International a publié à fin juin des actifs sous gestion de 76,5 milliards de francs suisses, contre 78,4 milliards six mois plus tôt. L’abandon de certaines opérations a entraîné une décollecte de 3,6 milliards de francs, compensée en partie par des souscriptions nettes de 1,2 milliard.
26/07/2012

ETF Securities nomme un responsable commercial pour le Benelux

ETF Securities a recruté Philippe Roset, anciennement chez iShares, au poste de responsable commercial pour la région Benelux, rapporte IPE. Avant iShares, l’intéressé était superviseur au sein de l’autorité de régulation des Pays-Bas, l’AFM.
26/07/2012
Fonds

Aquila Capital renforce sa gamme risk parity

La société de gestion indépendante hambourgeoise Aquila Capital (qui détient le luxembourgeois Alceda Fund Management), annonce le lancement du AC Risk Parity 17 Fund. Géré selon une approche» risk parity» multiclasses d’actifs. Le portefeuille est donc investi dans quatre classes d’actifs, équipondérées selon le risque. La volatilité cible se situe à 17 % par an. La gamme AC Risk Parity Funds, composée actuellement des fonds AC Risk Parity 12 Fund et AC Risk Parity 7 Fund, totalise 1,3 milliard d’euros d’encours sous gestion.Caracétristiques : Codes Isin/Investisssement minimum :EUR A : LU0748083010 (institutionnelle)/ 500.000 eurosEUR B : LU0748083101 (retail)/ 100.000 euros
Fonds
26/07/2012

Le directeur de SGSS en Egypte va représenter la communauté des dépositaires

Yasser Zaazaa, directeur de Société Générale Securities Services (SGSS) en Egypte et responsable régional de la société pour l’Afrique du Nord a été élu au conseil d’administration du Misr for Central Clearing, Depository & Registry (MCDR), l’instance de place dédiée aux activités post-marché en Egypte. Dans ce nouveau rôle, Yasser Zaazaa, Directeur de SGSS en Egypte et Responsable régional de SGSS pour l’Afrique du Nord, représentera la communauté des dépositaires égyptiens et travaillera de concert avec les acteurs du marché afin de développer les mécanismes du marché de capitaux, précise un communiqué.La MCDR est également membre actif de l’AMEDA (Africa & Middle East Depositaries Association), dont elle occupe la présidence. Elle a été créé en Egypte en 1994 pour administrer la caisse des dépôts centrale, gérer l’office central d’enregistrement de titres échangés sur le marché de capitaux égyptien et faciliter le prêt emprunt de titres dématérialisés.
26/07/2012

Life insurance: Net redemptions of EUR4.7bn in first half

In June, redemptions from life insurance policies totalled EUR1.1bn, bringing net outflows to EUR4.7bn in first half, according to the most recent statistics from the French insurance association. Total contributions received by insurers in the first six months of 2012 totalled EUR58.6bn, compared with EUR69.2bn in the first six months of 2011. As of the end of June, assets in life insurance policies (actuarial reserves + profit-sharing reserves) total EUR1.369.9trn.
26/07/2012

CIC International sovereign fund posts losses for 2011

In 2011, according to its annual report, published yesterday, the Chinese sovereign fund CIC International has posted a loss of 4.3%. This figure compared with an 11.7% increase in the portfolio in 2009 and 2010. Cumulative annual returns, meanwhile, totalled -3.8% last year, after two years in which annual returns were positive (4.1% in 2009 and 6.4% in 2010). As of the end of 2011, in terms of the distribution of investments worldwide, the United States, Asia and Europe accounted for 43.8%, 29.6% and 20.5% of the portfolio, respectively. In terms of sectors, finance was the most represented sector (19%), followed by energy (14%), IT and discretionary consumer products (10% each). At the end of the month of December 2011, the fund received an injection of USD30bn to increase the diversification of its investments in currencies, the annual report states. The value of the CIC’s assets totalled USD482.2bn in 2011, compared with USD409.6bn in 2010.
26/07/2012

BlackRock launches BSF Global Absolute Return Bond fund

BlackRock has announced the launch ofthe BSF Absolute Return Bond fund, in its Luxembourg Sicav range. Theproduct is aimed at investors seeking returns in a context of lowinterest rates and rising volatility in many segments of the bondmarket. The fund, managed by Ian Winship, head ot he SterlingFundamental Fixed Income team at BlackRock, combines findamental andquantitative approaches. Winship will select the “best ideas”from all segments of the bond market: global fixed income, emergingmarkets, investment grade bonds, etc. The fund is flexible enough tobe able to exploit all resources of the BlackRock platform, includingderivative strategies if necessary.As of 30 June 2012, assets undermanagement at BlackRock totalled USD3.56trn.CharacteristicsISIN code, cat. A2 in euros:LU0783530669Front-end fee: 5.00%Withdrawal penalty: NORunning fees: 1.62%Minimal initial investment:USD5,000 or its equivalent in other currencies
26/07/2012

Sam Sustainability Investing appoints a head of indices

Fondsprofessionell.de reports that Dr. Guido Giese has been appointed as director of indices by Sam Sustainability Investing. He will be in charge of the development of the index family Dow Jones Sustainability Index.
26/07/2012

ETF Securities appoints a head of sales for Benelux

ETF Securities has recruited Philippe Roset, formerly of iShares, as head of sales for the Benelux region, IPE reports. Before iShares, Roset had been a supervisor at the Netherlands regulatory authority AFM.
26/07/2012

Aquila Capital adds to risk parity range

The Hamburg-based independent asset management firm Aquila Capital (owner of the Luxembourg-based firm Alceda Fund Management) has announced the launch of the AC Risk Parity 17 Fund. The portfolio is managed with a multi-asset class risk parity approach, and thus invests in four asset classes, with equal weightings for risk. Target volatility is 17% per year. The AC Risk Parity Funds, currently composed of the AC Risk Parity 12 Fund and AC Risk Parity 7 Fund, have a total of EUR1.3bn in assets under management. ISIN codes and minimal investment EUR A: LU0748083010 (institutional), EUR500,000EUR B: LU0748083101 (retail), EUR100,000
26/07/2012

Two funds take over a portfolio of subprime credit from Bankia

Two investment funds, Aktiv Kapital and Oko Investments, have bought a portfolio of subprime loans with a nominal value of EUR800m from the Spanish bank Bankia, Agefi reports. Bankia is selling consumer credit for retail borrowers and the Luxembourg fund Oko Investments and loans to small and mid-sized businesses to the Norwegian investment firm Aktiv Kapital.
26/07/2012

Standard Life Investments plans to develop in Asia

According to the website Asian Investor, Standard Life Investments (SLI) is planning to create a portfolio construction research activity in the Asia-Pacific region, where its distribution activities are undergoing rapid growth. In April, the firm, which has USD250bn in assets under management, recruited a team specialised in emerging market debt from Threadneedle AM in London, led by Richard House, and including Mark Baker and Nicolas Jaquier as investment directors.
26/07/2012

EFG International rebounds in first half

A reshuffle at the Swiss private banking group EFG International has borne fruit. In first half, net profits of CHF53.1m may have been down 5% compared with the same period last week, but it is a steep increase compared with a loss of CHF350m in second half 2011. EFG International at the end of June posted assets under management of CHF76.5bn, compared with CHF78.4bn six months previously. Abandonment of some operations brought inflows of CHF3.6bn, partly offset by net subscriptions of CHF1.2bn.
26/07/2012

Man Group to slash costs by $100m

Man Group said it would find a further $100 million of cost savings by the end of 2013, says the Handelsblatt. The firm wants to cut jobs in the guaranteed products team.
26/07/2012

Head of Barclays remuneration committee resigns

The Wall Street Journal reports that Alison Carnwath, head of the remuneration committee at Barclays, has resigned with immediate effect from the board of directors at the British bank. She is leaving Barclays for “personal reasons,” as she says she is no longer able to dedicate enough time to her position as a Barclays director due to her other responsibilities.
26/07/2012

Libor scandal: European Commission toughens rules against rate manipulation

The ongoing Libor scandal has brought aprompt reaction from the European Commission. Yesterday, theCommission passed changes to initial proposals submitted on 20October, 2011 for rules relating to insider trading and manipulationof the markets, and te penal sanctions applicable to these offences.The Commission today adopted twomodified proposals. These are as follows:A change to the scope of proposedrules to include benchmarks;A change to the definitions toinclude a definition of benchmarks, corresponding to a fullerversion of the definition used in the proposed rules for financialmarket instruments (MiFIR); interest rate and commodity indices areincluded;A change to the definition of theinfractions that constitute market manipulation to includemanipulation and attempted manipulation of benchmarks.The Commission has also passed amodified proposal which introduces changes to the proposed directivedefining penal sanctions for insider trading and market manipulationoffences. These are as follows:A change to the definitions toinclude a definition of benchmarks;A change to the definition of theinfractions that constitute market manipulation to includemanipulation of benchmarks;A change to the definition of“incitation, complicity, and attempted” commission ofinfractions, to include these actions in relation to manipulation ofbenchmarks.Lastly, the Commission is proposing toset minimal standards for the type and level of penal sanctions, butplans to ask each member state to specify in its national legislationwhich penal sanctions are applicable to manipulation of benchmarks.The proposed rule on insider tradingand manipulation of the market, adopted by the Commission on 20October 2011, can be found here:http://ec.europa.eu/internal_market/securities/abuse/index_fr.htm
26/07/2012

Banks will cover the risk for clearing-houses

The Basel Committee yesterday published rules for capital requirements at banks for their exposure to clearing-houses, Agefi reports. The final rules, barring potential more general modifications to Basel 3, are expected to be enacted on 1 January next year. Exposure of banks for transactions will be weighted at 2% of their regulatory tier 1 assets. Banks had sought a lighter requirement, but will instead have a choice between two options for calculating the risk weighting for their contribution to the common fund, the newspaper reports.

Sujets d'actualité

Tous les sujets