Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
11/03/2011

Franklin Templeton nomme un responsable des ventes aux CGP

Franklin Templeton a annoncé la nomination de Pierre Caramazza au poste de responsable des ventes aux conseillers en gestion de patrimoine (CGP) aux Etats-Unis, les «Registered Investment Advisor». L’impétrant a plusieurs années d’expérience au sein de la société, dernièrement au poste de responsable de la division Fixed Income Product Management.
11/03/2011
Fonds

UIRE acquiert le projet Casal Bertone à Rome

Pour environ 48 millions d’euros, l’allemand Union Investment Real Estate (UIRE) a acheté au promoteur italien Immobiliare Europea le projet de galerie commerciale Casal Bertone de Rome (9.830 mètres carrés, 56 magasins). Cet actif vient s’ajouter au portefeuille d’immobilier commercial de 4,5 milliards d’euros et sera affecté au fonds immobilier offert au public Immo-Invest:Europa.La galerie Casal Bertone fait partie d’un centre commercial de 21.000 mètres carrés dont le plus gros magasin sera un hypermarché Auchan.
Fonds
11/03/2011

Baisse du bénéfice d’Azimut

En 2010, la société de gestion italienne Azimut Holding a dégagé un bénéfice net consolidé de 94,3 millions d’euros, en repli par rapport aux 118,2 millions de 2009. Ses revenus consolidés sont pourtant en hausse à 358,4 millions contre 347,4 millions l’année précédente.
11/03/2011
Fonds

Les Suédois sortent des fonds actions en février

En février, les fonds actions commercialisés en Suède ont accusé des rachats nets de 9,3 milliards de couronnes suédoises (soit environ 1 milliard d’euros), selon les dernières statistiques de l’association locale des fonds d’investissement (Fondbolagens Förening), qui explique cette tendance par les troubles géopolitiques. Ces rachats ont surtout concerné les fonds investis dans des actions suédoises (-5,7 milliards de couronnes). Les fonds obligataires ont aussi vu sortir 2 milliards de couronnes.Mais parallèlement, les fonds diversifiés ont enregistré des souscriptions nettes de 7 milliards de couronnes et les fonds monétaires ont engrangé 4,9 milliards. Si bien que le secteur des fonds suédois termine le mois de février sur une collecte nette de 1,4 milliard de couronnes. A fin février, les encours des fonds commercialisés en Suède ressortaient à 1.920 milliards de couronnes (218 milliards d’euros), dont encore 1.144 milliards investis dans des fonds actions.
Fonds
11/03/2011

Le dispositif d'Aviva Investors se met en place à Francfort

Dans le cadre de l’expansion européenne d’Aviva Investors, qui devrait se concrétiser par la désignation très prochaine des membres d’un comité exécutif ad hoc pour seconder Jean-François Boulier, directeur général d’Aviva Investors Europe (lire notre article du 10 mars), le gestionnaire est en train de compléter son équipe en Allemagne.A Francfort, Aviva Investors compte déjà deux commerciaux et une personne pour le service clients, plus deux spécialistes de l’immobilier. Cette année, deux autres collaborateurs devraient être recrutés, un pour la clientèle institutionnelle et l’autre pour la distribution.Par ailleurs, une personne en Suède, une ancienne de SEB, a été engagée. Il est également prévu une embauche au Danemark et une, début juin, pour les Pays-Bas.
11/03/2011

Pioneer recrute une grosse pointure chez Allianz Global Investors Europe

Au 1er avril, Oliver Bilal, qui était European head of institutional business development & consultant relations chez Allianz Global Investors Europe GmbH, rejoindra Pioneer Investments Allemagne comme responsable de la distribution institutionnelle et «wholesale». Il sera subordonné à Evi Vogl, présidente du comité exécutif de Pioneer Investments Kapitalanlagegesellschaft mbH.
11/03/2011
Fonds

Solit commercialise en Allemagne un fonds de mines d'argent

Le hambourgeois Solit Management GmbH présentera le 11 mars le fonds coordonné de droit liechtensteinois FS Gold & Silver Reserve Fund créé le 22 juin 2010 et qui vient d’obtenir l’agrément de commercialisation en Allemagne. Il s’agit d’un produit libellé en francs suisses qui se spécialise sur les actions de sociétés exploitant des mines d’argent (elles représentent 70 % du portefeuille). Le produit est géré par Adrian Morgenr d’Everest Wealth Management (Liechtenstein). Au 3 mars, la performance du fonds était de 73 %.CaractéristiquesDénomination : FS Gold & Silver Reserve FundCode Isin : LI0112163931
Fonds
11/03/2011

Forte croissance pour Standard Life en 2010

A fin décembre, l’encours sous administration du groupe Standard Life ressortait à 196,8 milliards de livres, en hausse de 16 % sur un an. Les rentrées nettes hors fonds monétaires britanniques et indiens ont opéré un bond en avant de 46 % à 8,3 milliards de livres tandis que les flux d'épargne de long terme progressaient de 77 % à 4,7 milliards de livres. Quant aux encours sous gestion pour le compte de tiers de Standard Life Investments (SLI), ils se sont accrus de 26 % à un record de 71,6 milliards de livres.
11/03/2011

Jean-Luc Eyssautier rejoint Martin Currie

La société de gestion britannique Martin Currie vient de recruter Jean-Luc Eyssautier en qualité de directeur des ventes et des services à la clientèle pour l’Asie. Il remplace à ce poste Chen Ee-Fang qui a rejoint Northern Trust en octobre dernier. Dans ses nouvelles fonctions, Jean-Luc Eyssautier sera responsable des investisseurs institutionnels et des banques privées, principalement à Hong Kong et Singapour.Jean-Luc Eyssautier était précédemment responsable de la distribution de fonds en Asie chez Axa Investment Managers.
11/03/2011

Julius Baer élargit la gamme de ses produits en yuans à Hong-Kong et Singapour

La banque privée suisse Julius Baer, dont l’ambition est de faire de l’Asie son second marché intérieur, a annoncé à Hong-Kong le 10 février l'élargissement de la palette de ses produits en yuans pour satisfaire une demande croissante de la part de sa clientèle. Elle propose désormais à Hong-Kong et Singapour des services de conversion en yuans, des comptes courants et dépôt à terme fixe, des unit trusts libellés en yuans, des investissements liés aux devises et des obligations. En fonction de l'élargissement du marché, Julius Baer envisage aussi de distribuer d’autres produits, comme par exemple des parts de fonds d’investissement.Julius Baer, l’unique banque privée à bénéficier d’une licence QFII en Chine depuis décembre, a obtenu une licence bancaire complète à Hong-Kong en fin d’année dernière (lire notre article du 4 novembre). Elle devrait également ouvrir dans l’année un bureau de représentation à Shanghai et créer une trust company à Singapour, comme annoncé précédemment (lire notre article du 13 septembre 2010).
11/03/2011

Parworld merges sub-funds

p { margin-bottom: 0.08in; } A reshuffle of the product offerings from BNP Paribas is continuing, Bluerating reports. This time, sub-funds of the Parworld Sicav will be involved in mergers.
11/03/2011

Pictet methodically develops its range of UCITS-compliant hedge funds

p { margin-bottom: 0.08in; } The new range of UCITS-compliant hedge funds from Pictet will soon include a third product, with the release of the Callisto fund of funds (CTA, global macro and long/short equity), which received a license from the CSSF on 25 February (the fund is not yet licensed for sale in Switzerland or France). The fund (see Newsmanagers of 21 January) will be managed by Cristina Bangoli Mandic, who belongs to the team at Pictet Alternative Investments (PAI), led by Nicolas Campiche.Meanwhile, the absolute return market neutral fund specialised in China, Pictet Mandarin, launched on 1 October (see Newsmanagers of 27 September 2010 and 19 January 2011) has reached USD174m in assets, and has seen its first subscriptions from French institutional investors.The first product in the series, Corto Europe, launched on 12 April 2010 (see Newsmanagers of 7 April), now has EUR292m in assets, slightly less than one third of it sourced in France. One of the managers of the fund, Philippe Sarreau, initially estimated that the capacity of the fund would be about EUR250m. However, as the strategy’s limit is now about EUR700m, as the eligible investment universe has proven larger than expected, there is still about EUR240m in capacity available. The “model” fund registered in the Cayman Islands, Corto European (EUR171m), has seen much more limited subscriptions than its younger sibling which complies with UCITS III.
11/03/2011

Swedish investors pull out of equities funds in February

p { margin-bottom: 0.08in; } In February, equities funds on sale in Sweden had net outflows of SEK9.3bn (about EUR1bn), according to the most recent statistics from the Swedish investment fund association (Fondbolagens Förening), which explains that the trend is due to geopolitical turmoil. The redemptions largely affected funds investing in Swedish equities (-SEK5.7bn). Bond funds also saw SEK2bn in outflows. Meanwhile, balanced funds had net inflows of SEK7bn, and money market funds took on SEK4.9bn. In February, total net sales of funds amounted to SEK 1.4 billion. As of the end of February, assets in funds on sale in Sweden totalled SEK1.92trn (EUR218bn), of which SEK1.144trn are still invested in equities funds.
11/03/2011

Profits down at Azimut

p { margin-bottom: 0.08in; } In 2010, the Italian management firm Azimut Holding earned consolidated net profits of EUR84.3m, down from the EUR118.2bn in profits it reported for 2009. Consolidated earnings, however, were up to EUR358.4m from EUR347.4m the previous year.
11/03/2011

Union Investment Real Estate plans to recruit for the French market

p { margin-bottom: 0.08in; } At the MIPIM conference in Cannes, Karl-Joseph Hermanns-Engel, a member of the executive board at Union Investment Real Estate (UIRE), announced on 10 March that the opening of an office in France at the beginning of this year (with the acquisition of Euragone, see Newsmanagers of 10 January) will allow the German real estate fund management firm easier access to regional markets such as Lyon, Lille and Marseilles, and thus to smaller properties (valued between EUR15m and EUR80m), which it is seeking for the portfolios of its institutional funds. In 2010, UIRE made EUR2.6bn in transactions, including 24 acquisitions for EUR1.6bn, and 17 sales (noticeably in Germany, London, Paris and Seoul), for EUR1bn. In 2011, the German management firm is planning to invest EUR1bn to EUR1.5bn, while also making sales, particularly in core European markets.
11/03/2011

Munich Re increases exposure to equities

p { margin-bottom: 0.08in; } The 2010 annual report from Munich Re states that of an investment portfolio of EUR196bn as of the end of December, the proportion invested in bonds was down to 57.7% from 60% one year previously, while stocks, shares in equities funds and stakes in businesses totalled 4%, or 4.4% including derivatives, compared with 2.8% one year previously. Allocations to land and real estate, for their part, were down to 2.9% from 3%.
11/03/2011

Aviva Investors team scales up in Frankfurt

p { margin-bottom: 0.08in; } As a part of the European expansion of Aviva Investors, which will soon involve the appointment of members of an ad-hoc executive committee to assist Jean-François Boulier, CEO of Aviva Investors Europe (see Newsmanagers of 10 March), the asset management firm is adding to its team in Germany.In Frankfurt, Aviva Investors already has two sales staff and one person for client service, and two real estate specialists. This year, two more team members will be recruited, one for institutional clients and one for distribution.The recruitment of one person in Sweden, from SEB, has also been announced. There are also plans to recruit in Denmark, and one person in the Netherlands in early June.
11/03/2011

Pioneer recruits a big name from Allianz Global Investors Europe

p { margin-bottom: 0.08in; } As of 1 April, Oliver Bilal, who was European head of institutional business development & consultant relations at Allianz Global Investors Europe GmbH, will be joining Pioneer Investments Germany as head of institutional distribution and wholesale. He will report to Evi Vogl, chairwoman of the executive board at Pioneer Investments Kapitalanlagegesellschaft mbH.
11/03/2011

Clariden Leu gets a new CEO

p { margin-bottom: 0.08in; } Clariden Leu on 10 March announced the appointment of Olivier Jaquet, doctor of law, as CEO with immediate effect, specialised in tax and insurance law. The former CEO, Hans Nützi, will become senior advisor to the chairman of the board of directors at Clariden Leu, Peter Eckert, former CEO for insurance operations at the Zurich group. Eckert has spoken explicitly of a new growth phase, with a concentration on selected regions and client segments. Last year, assets under management at Clariden Leu fell from CHF103bn to CHF96bn.Jaquet began his career at SBS before joining Credit Suisse in 1999. Jaquet has served in various management roles in private banking and Winterthur Assurances, which was then owned by Credit Suisse. He was appointed CEO of the Credit Suisse trust in 2006. The Credit Suisse affiliate, founded in 1910, is active in the area of inheritance planning, and manages over USD100bn in assets.
11/03/2011

Mirabaud recruits a head for its alternative investment marketing unit

Bertrand Bricheux is joining Mirabaud to boost the marketing of alternative investments. He has been appointed head of hedge funds marketing and business development, with the task of seeing through the development strategy for funds of hedge funds and strengthening institutional distribution of the full Mirabaud product offering.As a specialist in the world of alternatives, Bertrand Bricheux has worked in hedge fund and fund of hedge fund marketing and distribution for a range of institutional investors, including Citigroup, UBP and Allianz Hedge Fund Partners, where he was a founding partner.
11/03/2011

Aviva Investors obtains a license in Taiwan

Aviva Investors has announced that it has received a Securities Investment Consulting Enterprise (SICE) licence for Taiwan from the Financial Supervisory Commission. The licence allows the asset manager to open its own subsidiary and offer a broad range of products in Taiwan to both retail and institutional clients. Since entering Taiwan market in 2008, the licence means that Aviva Investors will have an official presence in Taiwan that allows it to provide on the ground services to local distributors and clients. Aviva Investors has two segregated mandates - Global High Yield and Emerging Market Bonds - and 13 registered SICAV funds in Taiwan.Aviva Investors also recently received its Capital Markets Services licence in Fund Management for Singapore.
11/03/2011

Assets up at Legg Mason and Invesco

p { margin-bottom: 0.08in; } Legg Mason has announced that its assets as of the end of February totalled USD672.7bn, compared with USD671.8bn two months earlier. Equities assets totalled USD188.7bn, compared with USD185.6bn at the end of January, and USD184.2bn at the end of December, while bond assets totalled Usd353.4bn, compared with USD352.9bn and USD355.8bn, respectively. Money market funds, meanwhile, were down to USD130.6bn, compared with USD133.3bn at the end of January, and USD131.8bn as of the end of December.The fund manager explains that its assets were set back by the exit of an Asian equities manager, which reduced the total by about USD2.2bn.At Invesco, total assets as of 28 February totalled USD641.1bn, compared with USD623.1bn one month earlier, and USD616.6bn as of the end of December, while equities products accounted for USD304bn, compared with USD300bn at the end of January, and USD294.1bn two months earlier. Assets in UIT ETF and passive funds totalled USD88.7bn, compared with USD85.5bn and USD80.8bn, respectively.February’s increases are due to market appreciation, institutional investment subscriptions, and appreciation of other currencies against the US dollar.
11/03/2011

Russell recruits a head of defined contribution from AllianceBernstein

p { margin-bottom: 0.08in; } Richard Davies, senior managing director, defined contribution & sub-advisory relationships at AllianceBernstein, will be joining Russell Investments on 1 June as managing director, defined contribution. He will become the new head of Russell’s activities in the area of defined contributions, which as of the end of December represented USD67bn in advisory assets and USD20bn in assets under management worldwide.
11/03/2011

Franklin Templeton appoints a head of sales to RFAs

p { margin-bottom: 0.08in; } Franklin Templeton has announced the appointment of Pierre Caramazza as head of sales to Registered Financial Advisers in the United States. Caramazza has several years of experience at the firm, most recently as head of the Fixed Income Product Management division.
11/03/2011

Former McKinsey partner testifies in Galleon trial

p { margin-bottom: 0.08in; } Anil Kumar, a former partner at McKinsey, has testified in the trial of Raj Rajaratnam, the founder of Galleon, that he shared confidential client information with Rajaratnam, because he felt indebted due to personally receiving USD500,000 per year in consulting fees from him, the Financial Times reports. He told of how Rajaratnam advised him to open a Swiss bank account and an offshore account invested with Galleon, using the name of his housekeeper in order to avoid detection.
11/03/2011

Strong growth for Standard Life in 2010

p { margin-bottom: 0.08in; } As of the end of December, assets under administration by the Standard Life group totalled GBP196.8bn, up 16% year on year. Net inflows excluding British and Indian money market funds rose by 46% to GBP8.3bn, while long-term savings inflows rose 77% to GBP4.7bn. Assets under management for third parties at Standard Life Inestments (SLI) increased by 26% to a record GBP71.6bn.
11/03/2011

Henderson to slough off some funds and managers at Gartmore

p { margin-bottom: 0.08in; } According to reports in Citywire, the managers Dan Roberts, John Anderson and Leigh Himsworth and their teams will not be joining Henderson when the firm completes its acquisition of Gartmore. Their funds will be merged into other products over the summer. In total, Citywire reports, 14 Gartmore funds will be closed down. However, John Bennett, Charlie Awdry, Chris Palmer, Ben Wallace and Luke Newman will be joining Henderson.
11/03/2011

Schroders doubles net inflows in 2010

In 2010, Schroders had net new business inflows of GBP27.1 billion (2009: GBP15.0 billion) taking funds under management at the year end to an all time high of GBP 196.7 billion (2009: GBP 148.4 billion). Net revenue was GBP 1.16 billion (2009: GBP 749.8 million) and profit before tax was GBP 406.9 million (2009: GBP 137.5 million).Net inflows into fixed income were particularly noteworthy at GBP 9.8 billion taking fixed income assets under management to GBP 33.8 billion, almost double the level of two years ago. Schroders also had GBP 5.0 billion of net inflows in multi-asset with major new mandates from UK and international clients.
11/03/2011

FRR has earned 3% returns since 2004

The French pension fund Fonds de réserve pour les retraites (FRR)'s annualised performance net of expenses (determined as at 31st December 2010) since it commenced investment operations in June 2004 is +3%1. The Fund’s performance over the year 2010 is +4.2%.As at 31 December 2010, the FRR’s assets totalled 37 Bn euros : - performance assets represented 38.8% of net assets (of which 32.3% equities, 3.2% commodities, 2.1% real estate and 1.2% emerging markets debts); - liability hedging assets accounted for 61.2% of net assets. Pension reforms in 2010 clarified the FRR’s liabilities which now entail 14 annual payments of 2.1 billion euros to the Caisse d’amortissement de la dette sociale –CADES– (2011 to 2024) and confirmed the lump sum contribution owed by CNIEG to the CNAV in 2020. The FRR therefore adopted its strategic allocation plan on 13 December 2010 with a view to meeting its liabilities and achieving as high as possible a return on its investments by 2024. The search for performance will be driven by its assets (equities and bonds of developed and emerging economies, high yield bonds, real estate and commodities) which represent 40% of its portfolio (37.5 Bn euros) as at the beginning of March 2011.
11/03/2011

Dexia AM launches Dexia Global Opportunities

p { margin-bottom: 0.08in; } Dexia Asset Management has announced the launch of Dexia Global Opportunities, its 25th UCITS III-compliant hedge fund, with the objective of outperforming the Eonia over a recommended investment period of 3 years, with average volatility of about 6%. The mutual fund will rely on arbitrage strategies (long/short) and directional strategies (either long or short), investing in various asset classes (equities, fixed income, credit, currencies, commodities), either in European or international financial markets.

Sujets d'actualité

Tous les sujets