Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
06/12/2012

Pictet launches quality equity fund

As announced in Newsmanagers on 20 November, Pictet Funds (Europe) has registered the Pictet-Quality Global Equities fund in seven European countries and one Asian country between 31 October and 29 November. The countries are Germany, Austria, Finland, France, Liechtenstein, Luxembourg, the United Kingdom and Singapore, and the product is a quality global equity fund, managed by Laurent Nguyen, head of active quantitative investments and SRI. The product is starting up with EUR19.8m (4 December), and was launched on 30 November.CharacteristicsName: Pictet-Quality Global Equities-R EURISIN code: LU0845340305Management commission: 1.7%Custody charge: 0.03%Administrative fees: 0.22%
06/12/2012

Investec AM in a global equity fund launch

Investec Asset Management has launched a global equity fund whose target is to deliver high returns and low volatility, Citywire Global reports. The Investec GSF Global Endurance Fund will be managed by Christine Baalham and Nigel Hankin. It will focus on global equities which distribute the highest returns while avoiding the most volatile.
06/12/2012

NCB Capital launches a UCITS-compliant fund platform

The Saudi wealth management firm NCB Capital has created a UCITS-compliant fund platform registered in Ireland. NCB Capital now offers two funds on the platform, the NCB Capital Saudi Arabian Equity Fund and the NCB Capital GCC Equity Fund, two Sharia-compliant vehicles which invest in companies listed in Saudi Arabia and other Golf Co-operation Council (GCC) countries. The two funds will be distributed internationally in partnership with Amundi, which signed a strategic alliance with NCB Capital in March.
06/12/2012

Institutionals make liquidity a priority

Institutional asset owners are reconsidering their asset allocation strategies, in the wake of ongoing volatility on international financial markets, which has highlighted deficiencies in investment portfolios. “In their allocation decisions, many asset holders are now targeting liquidity as a priority, and they are reconsidering their management approach from this perspective,” says Dan Farley, senior managing director at SSgA and global director of the investment solutions division at the asset management firm, at a presentation of a Vision report. The report, entitled “The Asset Owners’ Perspective: Evolving Investment and Operational Models,” attached, explains that investors are relying on new liquidity management approaches ot modify the composition of their portfolios, to reconcile the two imperatives of liquidity and returns. Among the foremost measures taken by asset owners in order to offset the liquidity crisis are tougher stress tests. In terms of allocation, 39% of corporate retirement plans which participated in the SSgA study are planning to increase their allocation to investment grade corporate credit, and 30% of public retirement regimes are planning to include emerging markets in their allocation next year. 45% of asset owners also note that low returns on traditional assets have generated increased interest at their organisation in alternative products.
06/12/2012

BlackRock reduces stake in Man Group below 5%

As regulations require, BlackRock has announced that it has reduced its stake in the alternative management group Man Group below 5%, compared with 9.32% in March this year. The news comes at a time when Man Group has been through a difficult period for the past two years, which has resulted in its removal from global MSCI indices last month.
06/12/2012

Profits at Brewin Dolphin in 2011/2012 up 36.5%

Pre-tax profits at Brewin Dolphin have leapt 36.5% in the period to 30 September, to a total of GBP29.9bn, from GBP21.9bn in the previous fiscal year, the asset management firm announced on 5 December. Assets under management as of the end of September totalled GBP25.9bn, compared with GBP24bn one year previously. The development is largely due to a 16.7% increase in discretionary funds to GBP18.2bn as of the end of September, compared with GBP15.6bn one year previously.
06/12/2012

Summit releases a German water infrastructure fund

California-based asset manager Summit Global Management (USD460m) is launching a German-registered equity fund with the Frankfurt-based Universal-Investment and the Swiss Green Shoots Capital (EUR50bn in assets advised), specialised in infrastructure in the area of water, entitled Summit Water Absolute Return UI.The long/short equity product replicates an American fund from Summit in a UCITS-compliant format, with sustainable development and respect for environmental, social and governance (ESG) criteria. The fund is managed by John Dickerson.CharacteristicsName: Summit Water Absolute Return UIISIN code:DE000A1JZK84 (A shares, retail)DE000A1JZK92 (B shares, institutional)Front-end fee: Maximum 5% (A shares)Management commission:1.85% (A shares)1.25% (B shares)Performance commission: 10% of positive performance + 400 basis points (hurdle rate) with high watermark
06/12/2012

Edram's ex boss to launch a consulting firm

According to reports received by Newsmanagers, Philippe Couvrecelle is preparing to launch a consulting firm with a former employee of Edram, the asset management firm of the Compagnie Financière Edmond de Rothschild which he led for five years. Couvrecelle, who left Edram in August this year, would now like to put the experience he acquired in the collective management world to use. Via his firm, which will be known as PTH Conseil, the head will serve not only French businesses with reflections on the transformation of their asset management activities, development, and future, but also foreign asset management firms seeking to gain a foothold in Europe. Couvrecelle, who has worked for major groups and family-owned businesses, has also opened international offices and has good knowledge of the challenges to come. He is entering a market in crisis in which questions of strategy are increasingly present. According to information obtained by Newsmanagers, the professional is also planning to serve US and Asian investment firms which are aiming to establish a presence in Europe, such as GCS, which has recently entered exclusive negotiations with the Dexia group to take over Dexia AM. In light of the currently attractive valuations, investment funds are also a target for PTH Conseil. Lastly, Couvrecelle is also expected to approach firms whose objective is to profit from savings reserves in emerging markets and capital managed by pension funds, such as Chilean funds.
06/12/2012

KPMG renforce son pôle fonds alternatifs

KPMG, the U.S. audit, tax and advisory firm, is adding several new hires to its Alternative Investment Funds (AIF) practice’s national team, in Los Angeles and San Francisco. The new hires include: Martin A. Griffiths, K. Peter Ritter, and Graeme M. Fletcher as principals. Martin A. Griffiths has joined the Los Angeles office as a principal in the Federal Tax practice. He will be KPMG’s West Coast real estate tax practice lead. Before joining KPMG, he was senior vice president at Irvine Company, overseeing its income and property tax group.K. Peter Ritter has joined KPMG as a principal in KPMG LLP’s San Francisco Federal Tax practice. He came to KPMG from the law firm O’Melveny & Myers LLP where he was a tax partner resident in its San Francisco office.Graeme M. Fletcher is a principal in International Corporate Services, who transferred from KPMG’s Atlanta office to San Francisco. In addition, Daniel Prager has joined KPMG as a managing director in its Federal Tax AIF practice. Based in Los Angeles, he most recently served as head of Corporate Finance for Telefónica Czech Republic. Richard Hinton has joined KPMG’s San Francisco AIF practice, as a Seconded Partner with a focus on the hedge fund industry. He established and led the team responsible for rolling out KPMG’s FATCA proposition to clients in the United Kingdom.
06/12/2012

Socially responsible investment: Crédit Agricole deploys its sectoral policies

After laying out its principles on weapons, Crédit Agricole will soon publish its policy for the energy sector, Stanislas Pottier, head of sustainable development at Crédit Agricole, announced on 4 December, at a round table held by Novethic as part of its annual conference. This is an enormous challenge, as it involves deploying this sector policy for all positions of the group, starting with the investment bank, and extending to advising activities. The next two industries on which Crédit Agricole is already at work are metals and transport. Pottier also says that Crédit Agricole will in early January publish the first edition of the social performance index from the Crédit Agricole group, the FreD index, which will have an impact on variable pay scales for managers throughout the group. This is a good way for the issue of SRI to attract “regular attention” in the group, says Pottier.
06/12/2012

Henderson once more hires from Cushman & Wakefield

After Kathrin Andres two months ago (see Newsmanagers of 4 October), Henderson Global Investors has again recruited a specialist from Cushman & Wakefield for the real estate team at its Frankfurt office. This time, it is James Ellis, who becomes assistant portfolio manager. He will be responsible for providing performance measurement and analysis elements for the AUB Oportunity III and Henderson German Logistics funds.
06/12/2012

La BoE et la BCE maintiennent leurs taux inchangés

La Banque d’Angleterre (BoE) n’a pas décidé jeudi de nouvelles mesures de soutien à l’activité et a maintenu son taux directeur à 0,5%, le niveau auquel il est fixé depuis mars 2009, malgré les signes d’essoufflement de la reprise économique britannique. La banque centrale a annoncé qu’elle maintenait également le montant total de ses rachats d’actifs à 375 milliards de livres. De son côté, la Banque centrale européenne a également laissé ses taux directeurs inchangés.
06/12/2012

CME Group accroît ses lignes de crédit

L’opérateur américain spécialisé dans les contrats à terme a annoncé avoir augmenté ses lignes de crédit disponible de 68% à 1,75 milliard de dollars afin de se conformer aux normes plus strictes édictées dans le cadre de la loi Dodd-Frank. Les autorités fédérales ont désigné plus tôt dans l’année la chambre de compensation de CME comme étant d’une importance systémique.
06/12/2012

Un favori émerge pour diriger la BoJ

Dans le cas de plus en plus probable où le leader de l’opposition du Parti Libéral Démocrate, Shinzo Abe, sortirait vainqueur des élections législatives du 16 décembre, Toshiro Muto, président du Daiwa Institute of Research, pourrait, après son échec il y a cinq ans, succéder à Masaaki Shirakawa au poste de gouverneur de la Banque du Japon, selon le journal qui cite des sources proches.
06/12/2012
Gestion d'actifs

Les congrégations bretonnes mènent un appel d'offres de gestion diversifiée ISR

En Bretagne, cinq congrégations font communauté commune, depuis que des religieuses de l’Ouest ont choisi d’installer à Rennes une communauté originale, formée de s??urs issues de congrégations différentes. Très discrètes sur leur gestion financière, ces congrégations bretonnes ont d’abord cherché à s’adjoindre les services d’un consultant en investissements, menant ainsi un appel d’offres restreint. Ensuite, les congrégations ont décidé de lancer un appel d’offres sur un FCP dédié de gestion diversifiée ISR portant sur un encours de 15 millions d’euros. Actuellement, en phase finale de sélection, les congrégations bretonnes ont terminé les oraux avec les banques et sociétés de gestion.
Gestion d'actifs
05/12/2012

Révision à la hausse de la productivité américaine

La productivité non agricole des Etats-Unis au troisième trimestre a été révisée en forte hausse, avec une hausse qui a atteint 2,9% en rythme annuel au lieu de celle de 1,9% annoncée en première estimation le 1er novembre. Il s’agit du chiffre le plus élevé depuis le troisième trimestre 2010, a souligné le département du Travail. Le coût unitaire du travail au troisième trimestre a baissé de 1,9%, un recul bien plus marqué que la diminution de 0,1% annoncée en première estimation.
05/12/2012

Hausse de l'activité dans les services en novembre aux Etats-Unis

La croissance dans le secteur des services aux Etats-Unis a légèrement accéléré au mois de novembre en raison d’une hausse des commandes nouvelles et d’une amélioration de l’activité, qui ont permis de compenser le ralentissement de l’emploi et des prix. L’indice ISM est ressorti à 54,7 le mois dernier, contre 54,2 en octobre et 53,5 attendu par les économistes. La composante des commandes nouvelles a progressé, à 58,1 après 54,8.
05/12/2012

Berlin veut un ministre des Finances pour présider l'Eurogroupe

Le prochain président de l’Eurogroupe doit être un ministre des Finances en exercice, a déclaré une porte-parole du gouvernement allemand. L’actuel président du groupe des ministres des Finances de la zone euro, le Luxembourgeois Jean-Claude Juncker, a réaffirmé lundi son intention de quitter son poste à la fin de l’année mais ses partenaires sont loin de s'être mis d’accord sur le choix de son successeur.
05/12/2012

Les commandes à l’industrie battent le consensus outre-Atlantique

Selon des chiffres publiés par le département du Commerce, les commandes à l’industrie américaine ont progressé de 0,8% en octobre, un chiffre bien meilleur que prévu. Les économistes interrogés par Reuters prévoyaient en moyenne une stabilité après la forte hausse de septembre qui a été révisée à +4,5% après avoir été initialement annoncée à +4,8%. Hors transports, les commandes à l’industrie ont progressé de 1,3% après une hausse de 1,2% en septembre.
05/12/2012
Fonds

La co-fondatrice d’Ikos renonce à une plainte

Elena Ambrosiadou, l’une des femmes les plus fortunées du secteur des hedge funds, a renoncé à poursuivre en justice la société de sécurité Dilitas, qu’elle accusait de l’avoir espionnée pour le compte de son ancien mari, Martin Coward, rapporte le Financial Times. Le couple qui divorce se déchire autour du hedge fund, Ikos, qu’ils ont créé il y a vingt ans et qui est à la tête d’une fortune.
Fonds
05/12/2012
Fonds

Le BBVA fait enregistrer la saison 3 de son Bonos Patrimonio

Le 30 novembre, la CNMV a enregistré le Patrimonio III (ES0130358007), la troisième édition des fonds obligataire à échéance, mais sans garantie, du BBVA Bonos Patrimonio. L’objectif consiste à verser au 11 octobre 2016 la valeur liquidative du 11 février 2013 assortie d’une rémunération de 3,15 % annuels (contre 4,4 % pour la première édition et 3,25 % pour la deuxième).La souscription minimale est fixée à 600 euros et la commission de gestion à 0,95 % à partir du 11 février 2013 (0,02 % d’ici là) avec un droit de souscription de 5 % jusqu’au 12 février 2013 ou jusqu’au moment où l’encours aura atteint les 20 millions d’euros. Des «fenêtres de liquidité» sont prévues trimestriellement à partir du 14 mai 2013.
Fonds

Sujets d'actualité

Tous les sujets