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12/12/2013
Fonds

Les hedge funds font le plein de souscriptions

Les hedge funds ont drainé 360 milliards de dollars cette année, soit une hausse de 15,7 % par rapport à leurs encours de 2012 et ce, malgré des performances inférieures aux marchés actions, selon Preqin, cité par le Financial Times. Un quart de ces fonds prévoient des nouveaux lancements de fonds l’année prochaine, et une grande majorité anticipe de nouvelles souscriptions de la part d’individus fortunés et d’investisseurs institutionnels.
Fonds
12/12/2013

Manulife AM renforce son équipe multi-asset en Asie

Manulife Asset Management (Manulife AM) vient de recruter Michelle Ng en provenance de chez Mercer au poste de responsable du portefeuille spécialisé en allocation d’actifs en Asie. Sa mission sera d’aider à la gestion des solutions de multi-assets dans la région en ciblant à la fois la clientèle de particuliers et les investisseurs institutionnels. Cette arrivée doit permettre à Manulife AM d’accélérer son développement en Asie, qui représente 4,6 % (ou 5 milliards de dollars) des actifs sous gestion totaux de son portefeuille mondial dédié aux solutions.
12/12/2013

Le suédois Tundra Fonder recrute

La société de gestion suédoise spécialisée sur les marchés émergents Tundra Fonder a recruté le Pakistanais Shamoon Tariq en tant que gérant et analyste, rapporte realtid.se. Il travaillera sur les marchés frontières. Tundra Fonder a lancé depuis sa création en 2011 six fonds et gère aujourd’hui 600 millions de couronnes d’encours.
12/12/2013

Didner & Gerge recrute un gérant de Nordea

La société de gestion suédoise Didner & Gerge a recruté un ancien gérant des fonds nordiques de Nordea, Carl Granath, rapporte Fondbranschen. Et ce, dans la perspective de lancer un nouveau fonds en 2014.
12/12/2013
Fonds

Groupama enregistre le fonds Total Return All Cap Europe en Espagne

Funds People rapporte que Groupama AM a fait enregistrer par la CNMV son fonds d’actions européennes G- Fund Total Return All Cap Europe, compartiment de la sicav luxembourgeoise G-Fund. Il s’agit d’un produit de forte conviction avec contrôle du risque qui affiche depuis le début de l’année une performance de 20,54 % contre 15,72 % pour son indice de référence, le MSCI Europe dividendes nets réinvestis.
Fonds
12/12/2013
Fonds

Les Néerlandais boudent les fonds immobiliers

Alors qu’en Allemagne les fonds immobiliers allemands offerts au public ont collecté près de 3,16 milliards d’euros sur les dix premiers mois de l’année, les fonds immobiliers néerlandais ont subi pour les trois premiers trimestres de cette année des remboursement nets de 800 millions d’euros contre des souscriptions nettes de 1,2 milliard pour la période correspondante de 2012, selon le dernier bulletin statistique de la Banque des Pays-Bas (DNB).Les 308 fonds immobiliers «directs» recensés aux Pays-Bas à fin septembre affichaient un encours de 42,6 milliards d’euros, mais l’encours total des fonds immobiliers se situait à 88,1 milliards d’euros, en comptant les 45,4 milliards d’euros des 161 fonds immobiliers «indirects».
Fonds
12/12/2013
Fonds

SWIP revoit sa tarification sur un fonds immobilier

Scottish Widows Investment Partnership (SWIP), a relevé sa tarification sur son trust immobilier dont les actifs sous gestion s'élèvent à quelque 2,5 milliards de livres, rapporte Investment Week.C’est une collecte de 200 millions de livres au cours des six derniers mois qui a poussé SWIP à revoir ses prix à la hausse. Le fonds, géré par Gerry Ferguson, a dégagé une performance de 10,2% sur les douze mois au 10 décembre, alors que le secteur immobilier affiche un rendement moyen de 4,6%.
Fonds
12/12/2013

Laransa recrute chez wallstreet:online

Sebastian Höft, membre du directoire de wallstreet:online capital, rejoindra au 1er janvier 2014 le gestionnaire de fortune berlinois Laransa Private Wealth Management GmbH comme fondé de pouvoir et responsable des pôles distribution, marketing et conformité. Il deviendra parallèlement membre du directoire de DDAG Deutsche Direktanlage AG, filiale de Laransa.
12/12/2013
Fonds

Le LPF de Taiwan lance un appel d'offres

Le plus gros fonds de pension de Taïwan, le Labour Pension Fund (LPF), dont les actifs sous gestion s'élèvent à 21 milliards de dollars, vient de lancer un appel d’offres pour quatre mandats de gestion dans l’immobilier et les infrastructures pour un montant de 400 millions de dollars, rapporte Asian Investor.Chaque mandat s'élève à 100 millions de dollars et porte sur une durée de cinq ans. Les candidats doivent disposer d’une présence à Taïwan et gérer au moins 5 milliards de dollars. Les dossiers peuvent être présentés jusqu’au 21 janvier.
Fonds
12/12/2013

Nouveau CIO pour la Banque cantonale de Bâle

Pour remplacer Alfred Ritter, qui exerçait la fonction depuis 2009 et qui prend sa retraite, la Banque cantonale de Bâle (BKB) a recruté Sandro Merino comme directeur des investissements (CIO), poste qu’il prendra au 1er janvier 2014. Il sera responsable avec son équipe des portefeuilles institutionnels et retail tant de la BKB que de la filiale de cette dernière, Bank Coop.Sandro Merino vient de chez le gestionnaire d’actifs zurichois Arecon. Il a occupé de 2000 à 2012 des postes de responsabilité dans la gestion de fortune chez UBS.
12/12/2013

Dominique Paladini remplace François Reyl

La banque Reyl & Cie se réorganise, indique Le Temps. Elle a nommé Dominique Paladini, actuel directeur d’exploitation (COO), en tant que directeur général ad interim pour remplacer François Reyl, retenu en France par sa mise en examen dans l’affaire Cahuzac, a expliqué la banque mercredi.
12/12/2013
Fonds

Le mois d'octobre placé sous le signe de la collecte actions en Europe

Les fonds européens ont enregistré des souscriptions nettes de 16,4 milliards d’euros en octobre 2013, ce qui a porté la collecte nette sur les dix premiers mois de l’année à 167,7 milliards d’euros, selon les dernières statistiques mensuelles communiquées par Lipper. La collecte a surtout été tirée par les fonds actions alors que les fonds monétaires ont terminé le mois d’octobre sur des rachats nets de 5,5 milliards d’euros. Les fonds d’actions ont drainé 15,2 milliards d’euros en octobre contre seulement 1,3 milliard d’euros pour les fonds obligataires mais sur les dix premiers mois de l’année, les fonds obligataires conservent la préférence des investisseurs avec une collecte nette de 93,6 milliards d’euros, contre 72,2 milliards d’euros pour les fonds diversifiés et 70,1 milliards d’euros pour les fonds actions. En revanche, les fonds monétaires accusent sur dix mois une décollecte nette de 74,6 milliards d’euros. Les fonds espagnols de long terme (hors fonds monétaires) ont affiché une collecte nette de 2,2 milliards d’euros en octobre, les fonds britanniques 1,1 milliard et les fonds français 0,7 milliard d’euros. En revanche, on observe des décollectes nettes au Portugal (0,3 milliard d’euros), en Allemagne (0,2 milliard) et aux Pays-Bas (0,2 milliard d’euros également). BlackRock arrive en tête des ventes de fonds hors monétaire en octobre avec une collecte nette de 6,8 milliards d’euros, devant J.P. Morgan AM (2 milliards d’euros) et Schroders (1,1 milliard d’euros).
Fonds
12/12/2013

Départ d'un responsable marketing de Capula

Ed O’Reilly, le responsable marketing et commercial pour l’Amérique de Capula, un hedge fund européen de 10 milliards de dollars, va quitter la société où il a passé cinq ans, a appris Financial News. Sa destination n’est pas connue.
12/12/2013

Lloyds Banking Group fined GBP28bn

The Financial Conduct Authority (FCA) has fined Lloyds TSB Bank plc and Bank of Scotland plc, both part of Lloyds Banking Group (LBG), GBP28,038,800 for «serious failings in their controls over sales incentive schemes».This is the largest ever fine imposed by the FCA, or its predecessor the Financial Services Authority (FSA), for retail conduct failings. The incentive schemes led to a serious risk that sales staff were put under pressure to hit targets to get a bonus or avoid being demoted, rather than focus on what consumers may need or want, according to the regulator.
12/12/2013

Public pension programmes to be brought into line with private ones

The British pension regulator has published a draft code of conduct which would allow managers of retirement funds for public servants to follow the regulatory and governance rules set by legislation. The regulator thus plans to bring governance of public regimes into line with those in force for the private sector. The regulator has also released a consultation document on the measures planned, which will initially be pedagogical, and then more restrictive, in order to ensure better implementation of the regulation. After taking the results of the consultation, which is open until February 17, 2014, into account, the code of conduct may be presented to the Parliament in Autumn 2014.
12/12/2013

Further net inflows and rise in assets for Spanish funds

According to statistics from the Spanish association of asset management firms (Inverco), Spanish securities funds have posted more than EUR3bn in net subscriptions in November, the best monthly performance in the past four years. Since the beginning of the 2013 fiscal year, net inflows to these funds totalled EUR20.595bn, meaning that they have recuperated all net redemptions in 2011 and 2012.As of the end of November, total assets in funds rose to EUR150.9bn, an increase of EUR3.6bn compared with the month of October. Since the beginning of 2013, assets under management by funds are up by EUR28.6bn, an increase of 23.4% compared with the end of December 2012.
12/12/2013

Hedge funds earn large inflows

Hedge funds have attracted USD360bn in inflows this year, an increase of 15.7% compared with their asstes as of 2012, and despite performance inferior to equity markets, according to Preqin, cited by the Financial Times. One quarter of these are planning new fund launches next year, and a large majority are anticipating further inflows from high net worth private and institutional investors.
12/12/2013

SWIP revises fee structure for RE fund

Scottish Widows Investment Partnership (SWIP) has revised the price structure for its real estate trust, whose assets under management total about GBP2.5bn, Investment Week reports. Inflows of GBP200m in the past six months have driven SWIP to revise its prices upward. The fund, managed by Fary Ferguson, has earned returns of 10.2% in the 10 months to 10 December, while the real estate sector shows average returns of 4.6%.
12/12/2013

Head of Jefferies joins a hedge fund

Markman Peters, who joined Jefferies & Co in 2009 to develop the wealth management activity, has left the firm to join a hedge fund, according to reports released by Reuters. The head is joining Whippoorwill Associates, a hedge fund founded by Shelley Greenhaus in 1990. Jefferies states that the responsibilities of Peters will temporarily be taken over by Frank Scheuer, chief operating officer of the wealth management activity. Jefferies, which has offices throughout the United States, is planning to open an office in Hong Kong in the next few months.
12/12/2013

Three Skandia's ex-employees launch their own firm in France

Pogdan Popescu, Steve Lamarque and Eric Gairin, all three former employees at the Skandia group, have teamed up to create the structured product engineering firm Hilbert Investment Solutions based in Paris. They are offering products based on all types of underlying assets, aimed at independent financial advisers, institutionals and private management teams at banking networks. Popescu, who had been head of sales for France, Switzerland and Benelux at Skandia Investment Group, and whose arrival at the firm was anticipated by Newsmanagers, will handle the sales portion. Lamarque, who had been head of the financial product structuring under the Skandia – Old Mutual name, will be responsible for structuring. Lastly, Eric Gairin, who had been head of marketing and sales at Skandia Life, Old Mutual group, will be responsible for the marketing portion.
12/12/2013

Modest increase in assets in November at AllianceBernstein, Franklin, Legg and Invesco

After gains of USD57.5bn in October, assets under management by AlianceBernstein, Franklin Templeton, Invesco and Legg Mason have posted more modest growth of USD10.8bn in November. As of the end of November, their cumulative assets totalled USD2.7596trn, an increase of 0.4% month on month.The winner is Legg Mason, which has seen an increase in its assets of USD4.8bn, to a total of USD674.7bn in November, while Invesco as posted growth in its assets under management of USD3.4bn, to a total of USD767.3bn. At Franklin Templeton, the increase in assets under management has been considerably more modest: it totals USD1.6bn, bringing total assets to USD870.6bn. Lastly, driven by the market effects which were responsible for a “modest outflow” in November, AllianceBernstein has managed to increase its total assets by USD1bn to USD447bn.
12/12/2013

Russell appoints new head for DC unit

The US asset management firm Russell Investments has appointed Josh Cohen to the position of head of its defined-contribution retirement operation for institutional investors. With 20 years of experience in the sector, Cohen will aim to assist and accelerate the development of Russell in retirement service. The defined-contribution operation at the asset management firm represents USD24bn in assets under management globally, and USD130bn in assets advised in the United States as of the end of September 2013.
12/12/2013

New CIO for Cantonal Bank of Basel

To replace Alfred Ritter, who had served in the role since 2009 and who is retiring, the Cantonal Bank of Basel (BKB) has recruited Sandro Merino as chief investment officer (CIO), a position which he will take up on 1 January 2014. With his team, he will be responsible for both institutional and retail portfolios for BKB and its affiliate, Bank Coop.Merino joins from the Zurich-based asset management firm Arecon. He served in positions of responsibility in wealth management at UBS from 2000 to 2012.
12/12/2013

BNY Mellon offers AIFM-compliant reporting solution

Alan Flanagan, global head of product management for alternative investment services, has announced that BNY Mellon has launched a new service aimed at fund managers, to allow them to identify, aggregate and manage their regulatory reporting requirements under the European alternative investment fund management (AIFM) directive. To this end, BNY Mellon will work with clients of its fund administration services to collect and aggregate the necessary data from the various sources concerned (alternative managers, administrators, custodians, prime brokers and risk vendors). Lastly, MNY Mellon will take responsibility for filling out the AIFM regulatory report, which will need to be verified, approved and submitted to the relevant national authorities.
12/12/2013

Van Eck launches EMD ETF

With the Market Vectors Emerging Markets Aggregate Bond ETF, Market Vectors ETF (Van Eck Global group) is launching an emerging market debt fund (ticker code on NYSE Arca: EMAG), which charges a net 0.49% (at least, until 1 September 2015), and a gross 1.26%, and which replicates the Market Vectors EM Aggregate Bond Index (MVEMAG) index. The index covers emerging market government bonds denominated in US dollars and euros, government bonds in local currencies, corporate bonds denominated in US dollars and euros, and lastly, corporate bonds in local currencies. About 70% of issuers are investment grade, and about half of securities are denominated in US dollars or euros. As of 30 November, the five major issuers in the index are from Mexico (9.78%), Brazil (9.46%), Russia (9.30%), China (6.73%), and Poland (5.36%).The shareholders in the ETF Market Vectors LatAm Aggregate Bond ETF (BONO) will automatically be transferred to the new EMAG, with a conversion rate of one BONO share to one EMAG share.
12/12/2013

October was a month of equity inflows in Europe

The European funds industry enjoyed net inflows of EUR16.4 bn for October 2013, bringing the estimated net inflows for the year-to-date period to EUR167.7 bn, according to Lipper’s latest statistics. The inflows were mainly driven by inflows into equity funds while money market funds showed net outflows of EUR5.5bn.Even as equity funds showed impressive net inflows for October (+EUR15.2bn), bond funds—with estimated net inflows of EUR93.6 bn—remained the best selling asset class for 2013 year to date.Single fund market flows for long-term funds showed a mixed picture for October, with Spain (+EUR2.2 bn), the United Kingdom (+EUR1.1 bn), and France (+EUR0.7 bn) leading the table. Meanwhile, Portugal (-EUR0.3 bn), Germany (-EUR0.2 bn), and the Netherlands (-EUR0.2 bn) stood on the other side.BlackRock was the best selling group of long-term funds for October, with net sales of EUR6.8 bn, ahead of JP Morgan Asset Management (+EUR2 bn) and Schroders (+EUR1.1 bn).
12/12/2013

Canada's CPPIB buys strategic stake of 15% in Orpea

For EUR3208m, the retirement fund management firm Canada Pension Plan Investment Board (CPPIB) has acquired a 15% stake in the Orpea company, one of the European leaders in the management of dependents (retirement companies, retirement clinics, and psychiatric rest homes) from Dr. Jean-Claude Marian, founder and chairman of the board at the firm, and the Santé Finance et Investissement company. The firm is listed on Euronext Paris (ISIN : FR0000184798). At the conclusion of the operation, Dr. Marian will remain a shareholder in Orpea, with a stake of 8%, and will retain his position as chairman of the board of directors; he has committed to retain shares in Orpea for a minimum period of 18 months. CPPIB, a long-term international investors, with CAD192.8bn in net assets under management, has an investment portfolio composed of public and private companies, bond and real estate securities, totalling USd22bn. As of 30 September 2013, investors in CPPIB in Europe totalled USD19.4bn.
12/12/2013

Promotion at Erste AM

The head of institutional business development, Albert Stöger, who joined Erste Asset Management (EAM), the largest Austrian asset management firm, in 2009, was on 1 November 2013 promoted to head of international institutional business steering.It is a newly-created position, in which Stöger, based in Vienna, will monitor the European markets in which EAM is not yet represented with sales teams. In addition, he wll be responsible for co-ordinating the operations of institutional sales teams in various countries, particularly those of central and eastern Europe.
12/12/2013

Fifth Third AM change de nom

La société de conseil Fifth Third Asset Management, spécialisée sur la clientèle institutionnelle, a été renommée ClearArc Capital.La modification est effective immédiatement et s’inscrit dans la volonté du groupe de proposer non seulement des services d’investissement traditionnels mais également des solutions plus sophistiquées à destination des clients institutionnels.

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