Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
29/03/2012

JPMorgan: new reporting tool for alternative management

With Alternative Investment Reporting, J.P. Morgan Worldwide Securities Services has launched an interactive web tool which allows alternative managers (hedge funds, private equity and real estate) to view, analyse and extract their fund administration data from dashboards, workflows and reports. The tool is a part of the J.P. Morgan Access application platform for multiple information, compliance and portfolio management.The new technology facilitates the consolidation of data and production of reports for the full spectrum of alternative products from a single resource, regardless of the structure of the fund. The resource also includes a workflow model which allows clients to monitor their key operational processes.
29/03/2012

State Street offers an exposure monitoring module

The US asset management firm State Street Corporation has announced the launch of my.statestreet.com, an “Entity Exposure Monitor Service,” which calculates exposure on the part of asset management firms or investors to a given legal entity with which they have business relationships or which they hold in their portfolios.The service includes monitoring tools which provide an overview of issuer and counterparty risks for all asset classes. The tool also offers ways to set limits and alerts to warn clients about their exposure to a given legal entity. It offers full details and advanced analysis that allows for diversification of exposures and comparison of universes.
29/03/2012

ETF catalogue from SPDR soon to grow

The creator of the first S&P 500 ETF (nearly USD100bn in assets), Jim Ross, senior managing director at State Street Global Advisors (SSgA), and global head of SPDR ETF, announced on Wednesday in Paris that in 30 to 60 days, the asset management firm should have finalised the release of three new ETF funds in the areas of strategic asset allocation and absolute returns.There will be a fund of funds with an income strategy (dividends and bond alpha strategies), a global asset allocation ETF, and a «real assets» product launched in partnership with Blackstone. Although the current SPDR range includes only physical replication funds, which reproduce their underlyings either in their entirety or via sampling, Gross has not ruled out the possibility that SSgA may at some point release synthetic replication ETFS, for markets which are difficult to access, or on which liquidity is insufficient, as for example in frontier markets.However, “although one should never say never,” the head of SPDR remains highly circumspect about actively-managed ETFs and leveraged and/or inverse ETFs.At the presentation, held as part of a road show to promote the release in Europe of a UCITS-compliant version of the SPDR S&P 500, Marco Fusco, chairman and CEO of SSgA in France, says that 23 SPDR products were released in Europe last year, bringing the total number of available products in the product range to 36. Since the beginning of 2012, the family of products has attracted 10% of all inflows in Europe (and as much as 19% in February), with inflows equivalent to all of 2011 put together.
29/03/2012

French SRI association adds new members

The French forum for responsible investment (Forum pour l’investissement responsable or FIR) has added new members to its board of directors and its office, following the general assembly and a meeting of the board of directors, held at the end of March. The union CFDT, represented by Emmanuel Mermet, joins the board and the office, as does Natixis Asset Mangaement, represented by Hervé Guez. The inter-union committee for employee savings (CIES) joins only the board, where it is represented by Jean Conan. Marion de Marcillac of Eiris and Franca Perin from Generali Investments join the office. Bertrand Fournier has been re-elected as president of the FIR. Martial Cozette and Paul de Marcellus (HSBC GAM) have been reappointed to their respective positions as treasurer and vice president, while Estelle Mironesco (Vigeo) is appointed as vice-president. Michel Lemonnier has been appointed as general secretary.
29/03/2012

Schroders releases STS Global Conservative fund in Germany

The British asset management firm Schroders has received a sales license in Germany for its third conservative fund in its multi-asset class product range, the STS Schroder Global Conservative Fund. The fund of funds, managed by Gregor Hirt (who also manages the STS Schroder Synamic Balanced Fund), actually reproduces the strategy of the Schroder Multi Manager Conservative fund, launched in 2006, which became known as the Global Conservative fund on 7 December 2011. The portfolio is at least 70% defensive, and may be up to 100% defensive in difficult market periods. The objective is to outperform the European money market rate by 150 basis points, with a portfolio of Schroders funds, third-party funds, ETFs, futures, and direct investment in securities. As of the end of January, the fund had nearly EUR100m in assets.CharacteristicsName: STS Schroder Global Conservative FundISIN code: LU0712904506Front-end fee: 4.17%Management commission: 1%Minimal initial subscription: EUR1,000
29/03/2012

GAM closes a fund

By 30 March, GAM will redeem investments to investors in its fund Star Diversified Market Neutral Credit, which will be liquidated, Das Investment reports.The decision is due to the fact that the administrator of the fund, DCI LLC, is planning to launch a similar product under its own brand name.
29/03/2012

Trouble at Credit Suisse and Barclays reopens debate about safety of ETN products

Several investors have recently got burnt on their investments in exchange-traded notes (ETN), Agefi reports. An ETN from Credit Suisse, focused on volatility, lost more than 50% in two days, after peaking at 89% over the value of the underlying index, generating about USD340m in losses for investors, including retail investors. Similarly, an ETN from Barclays, focused on natural gas, lost 47% of its value in three days. One professional claims that these disasters tend to “reopen questions about the safety of ETPs,” exchange-traded products, a category which includes ETNs.
29/03/2012

Mirae gets green light in China

The Chinese Securities Regulatory Commission (CSRC) has issued its 71st fund management license to Huachen Mirae, two years after the joint venture applied for the license, Z-Ben Advisors reports.Huachen Trust controls 40% of capital in the firm, while the South Korean Mirae Asset Investment controls 25%, and Buchang Pharma controls 35%. The Huachen Mirae firm has CNY200m in capital.The CSRC has also issued to Huachen Mirae a license to manage seggregated accounts.
29/03/2012

SEC signs cooperation agreements with CIMA and ESMA

The US Securities and Exchange Commission (SEC) has announced that it has signed large-scale cooperation agreements with the Cayman Islands Monetary Authority (CIMA) and the European Securities and Markets Authority (ESMA), as part of a long-term strategy to improve supervision of regulated entities operating accorss borders. These agreements come in addition to agreements signed with four Canadian financial market authorities (Quebec, Ontario, Alberta and British Columbia) in 2010 and 2011.
29/03/2012

Vanguard plans to increase services to institutionals in Asia

Asian Investor reports that Vanguard Investments is planning to increase its services to institutional investors in Asia. The US firm will target these clients from its Hong Kong office. Last month, the firm recruited Jackson Loi, formerly of Syz & Co, as head of sales to institutionals.
29/03/2012

Bank of China se présente à la porte du LME

Via sa filiale britannique BOCI Global Commodities, la banque chinoise a demandé à rejoindre le London Metal Exchange. Le groupe deviendrait un membre de catégorie 2 lui donnant le statut d’«associate broker clearing». Le conseil du LME examinera cette demande, la première pour une filiale britannique d’un groupe chinois, le 23 avril.
29/03/2012

Auris Gestion Privée et Financière Van Eyck se rapprochent

Les deux sociétés de gestion de portefeuilles indépendantes dédiées à la clientèle privée ont décidé de se regrouper, sous le nom d’Auris Gestion Privée, pour créer un acteur totalisant des encours sous mandat de gestion de 670 millions d’euros. La fusion des structures sera effective le 1er mai.
29/03/2012

HIG reprend des activités d'alumine à Rio Tinto Alcan

Le fonds d’investissement, via sa division européenne, a déposé une offre ferme en vue de la reprise de quatresites : trois en France -Gardanne (Bouche-du-Rhône), Beyrède (Hautes-Pyrénées) et La Bâthie (Savoie), qui produisent des alumines de spécialité et des abrasifs et emploient au total quelque 700 personnes, et Teutschenthal en Allemagne. Rio Tinto a annoncé dans un communiquéqu’ilrépondrait à cette proposition, dont les modalités sontconfidentielles, après consultation des représentants européens du personnel.
29/03/2012

L'inflation reviendra... si l'économie va bien

Remontée du prix du pétrole oblige, nombreux s’inquiètent d’un risque inflationniste qu’ils pensent être immédiat. Ces craintes sont précipitées d’un point de vue conjoncturel : l’économie mondiale ne connaît qu’une reprise graduelle et les coûts salariaux unitaires augmentent de moins de 2% par an dans les principales économies de la planète, où les taux de chômage restent bien trop élevés.
29/03/2012

Natixis AM remodèle ses gestions

Le pôle français de gestion d’actifs de Natixis s’inspire des «boutiques» pour doubler sa collecte 2013-2016, annonce son directeur Pascal Voisin.
29/03/2012

Les Brics veulent leur propre banque

Réunis aujourd’hui à New Delhi, les cinq pays vont mettre à l'étude la création de leur propre banque de développement, en complément des institutions existantes. Les opérateurs boursiers des Brics s’apprêtent quant à eux à coopérer dans les dérivés sur indices actions.
29/03/2012

Carlyle et TPG visent la santé en Inde

Le quotidien croit savoir que les deux sociétés américaines de private equity négocient avec la chaîne indienne d’hôpitaux Fortis Healthcare le rachat d’une participation de 15 à 20% pour 250 millions de dollars environ. Carlyle et TPG pourraient acquérir des actions ainsi que de la dette convertible. Le fondateur du groupe indien souhaite par ailleurs céder 6,5% des actions sur le marché.
29/03/2012

L’obligataire passe en mode électronique

Selon les calculs d’Omgeo cités par le quotidien, le volume des ordres obligataires traités par voie électronique a bondi de 21% l’an passé, sur fond de craintes des traders de défaillance de la part de leurs contreparties, de volonté de transparence ou de préparation aux nouvelles normes. La part électronique reste plus importante en Europe, alors que dans le secteur du marché de gros les volumes automatisés ont progressé en 2011 de 85% aux Etats-Unis et de 69% en Asie. La plateforme de trading de produits de taux MarketAxess par exemple a vu selon le quotidien sa part de marché globale progresser de 3 points l’an dernier, à 11%.
29/03/2012

Pékin mise sur le private equity

Citant le vice-président du Conseil national de la Sécurité sociale, Wang Zhongmin, le quotidien relève que le fonds de pension national chinois a investi 13 milliards de yuans (l’équivalent de 1,5 milliard d’euros) au sein de 13 fonds de capital-investissement. Cet engagement représente 2,2% des actifs de ce fonds destiné à financer la sécurité sociale.
28/03/2012

Fiducial Real Estate met la main sur Uffi REAM

Fiducial Real Estate SA a signé avec Uffi Participations SAS un protocole d’accord portant sur l’acquisition de la société Participations Services Investissements Immobiliers SAS (PS2I). PS2I a notamment pour filiale la société Uffi Real Estate Asset Management (Uffi REAM), une société de gestion de portefeuille agréée par l’AMF qui investit et gère pour compte de tiers des actifs immobiliers.
28/03/2012

Le taux d’épargne des Français atteint un point haut historique

D’après l’Insee, le taux d’épargne des ménages français a atteint 16,8% en 2011, soit un plus haut depuis 1983. Les Cahiers de l’Epargne expliquent cette tendance par «de forts comportements de précaution liés au contexte économique, notamment un moindre recours au crédit et une progression très faible de la consommation en 2011 (+0,3% en volume sur l’année) dans un contexte de pouvoir d’achat par ménage stagnant (+0,1% en 2011)».

Sujets d'actualité

Tous les sujets