Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
03/09/2009

Frédéric Mimoun nommé Directeur de Participations d’iXEN Partners

Frédéric Mimoun va rejoindre l’équipe d’iXEN Partners en septembre 2009 en tant que Directeur de Participations, après une première expérience chez Arthur Andersen & Co de 1998 à 2000 en tant qu’auditeur senior au sein de l’équipe de Corporate Recovery Services, puis au sein du département Corporate Finance de la Société Générale à Londres. En 2001, il intègre l’équipe Leveraged Finance de la Royal Bank of Scotland.Frédéric Mimoun, 34 ans, est diplômé de l’Ecole Spéciale des Travaux Publics du Bâtiment et de l’Industrie.iXEN Partners est l’équipe de Natixis Private Equity dédiée à la transmission d’entreprises valorisées entre 30 et 300 M€, investissant de 10 à 80 M€ de fonds propres par projet.
03/09/2009

Rothschild & Cie diversifie ses activités

Se basant sur le constat que de nombreuses familles souhaitent céder leur entreprise, Rothschild & Cie lève actuellement un fonds de 500 millions d’euros en vue de prendre des parts minoritaires dans des sociétés valorisées entre 100 et 500 millions d’euros, rapporte l’Agefi. Le pôle de private equity n’est cependant pas appelé à devenir une activité stratégique pour Rothschild & Cie, dont la gestion de fortune et les fusions-acquisitions restent les pôle phare. Dans le cadre du lancement de cette activité secondaire, Alexandre de Rothschild, fils de David, dirigeant et créateur de la banque, a intégré le groupe il y a quelques mois.
03/09/2009
Fonds

DWS propose un fonds monétaire à VL flottante

Un an après que le Reserve Primary Fund ait été le premier à «break the buck», DWS Investments (Deutsche Bank) a l’intention de lancer le DWS Variable NAV Money Fund, un fonds monétaire dont la valeur liquidative (VL ou NAV en anglais) pourra fluctuer au lieu de rester stable à 1 dollar, rapporte le Wall Street Journal. La souscription minimale sera d’un million de dollars.
Fonds
03/09/2009
Fonds

Cerberus CM demande trois ans d'engagement sur ses nouveaux fonds

Selon l’Agefi qui cite un article du Financial Times, Cerberus Capital Management va interdire partiellement les retraits d’argent dans ses nouveaux fonds. Une période d’engagement de trois ans s’appliquera à tous les nouveaux hedge funds alors que les demandes de retrait de plusieurs investisseurs dans Cerberus Partners LP et Cerberus Institutionnal LP ont récemment représenté 4,77 milliards de dollars.
Fonds
03/09/2009

Russell signe les Principes de l'investissement responsible

A son tour, Russell Investments a signé les Principes de l’investissement responsable des Nations-Unies (UN-PRI). Le gestionnaire américain a aussi créé un conseil du développement durable pour promouvoir l’intégration des critères environnementaux, sociaux et de gouvernance (ESG) dans la sélection de gérants et le développement de produits. De plus, ce conseil aura vocation à promouvoir les Principes de l’investissement dans le monde de la gestion d’actifs.Andrew Doman, president & CEO, a souligné que Russell a adhéré aux Principes car il était confronté à une demande croissante de ses clients qui recherchent des conseils et des solutions prenant en compte les critères ESG.
03/09/2009
Fonds

Gonflement de l'encours de Soros Fund Management

Selon le magazine AR relayé par fondsprofessionell, l’encours des hedge funds gérés par Soros Fund Management sur les douze mois à fin juin a gonflé de 40 % à 24 milliards de dollars. George Soros serait aussi le gérant de hedge funds le mieux payé du monde, avec un revenu de 1,1 milliard de dollars.
Fonds
03/09/2009

Ameriprise serait en passe d'acquérir Columbia Management

Selon les informations de MFWire, Ameriprise compte boucler la semaine prochaine l’acquisition de Columbia Management auprès de Bank of America (BofA), mais sans la partie fonds monétaires. Les deux questions restant à régler sont le nom du futur dirigeant de l’ensemble ainsi que l’avenir de la distribution des fonds par US Trust, la filiale banque privée de BofA, et par Merrill Lynch.
03/09/2009
Fonds

Deka Immobilien acquiert un immeuble de bureaux à Washington

Pour son fonds immobilier offert au public Deka-ImmobilienGlobal, l’allemand Deka Immobilien a acheté l’immeuble de bureau Landmark Building (23.000 mètres carrés) à Washington D.C. auprès de Vornado Realty Trust. Le montant de la transaction se situe à environ 208 millions de dollars.
Fonds
03/09/2009

Les banques américaines moyennes menacées par la crise immobilière

Selon Les Echos, les régulateurs américains s’inquiètent de l’avenir des banques trop petites pour résister à la crise de l’immobilier commercial. Après la liquidation de 84 banques régionales depuis le début de l’année, la Federal Deposit Insurance Corp (FDIC) ne cache pas que les banques moyennes pourraient encore payer un lourd tribut à la crise.
03/09/2009

Le patron de la gestion d'actifs vend des actions Deutsche Bank

Membre du group executive committee et head of asset management de la Deutsche Bank, Kevin Parker a procédé le 27 août à la vente de 25 612 actions de la banque pour plus de 1,77 million de dollars, selon un communiqué réglementé.La Deutsche Bank précise par ailleurs que Seth Harrison, lui aussi membre du group executive committee et CEO de Deutsche Bank Americas a vendu le même jour 24 390 actions de l'établissement pour 1,69 million de dollars.
03/09/2009

Michel Anastassiades devient président exécutif de FFTW

Parallèlement à la nomination de Charlotte Dennery comme directrice générale de FundQuest, BNP Paribas Investment Partners a indiqué que Michel Anastassiades, qui était responsable de FundQuest, devient président exécutif de la filiale taux internationaux FFTW à New York. Il sera assisté de Debbie Hazell, CEO de FFTW.
03/09/2009

Penetrating the Chinese market takes three years, according to Z-Ben

“Setting up on the Chinese market with only bond funds makes no sense, given the extreme volatility of subscriptions and redemptions which prevails in this area», says Peter L. Alexander, principal of the Z-Ben Advisors agency. For western promoters, the best idea is to offer equities funds, which are often profitable for producers. However, the head of the independent advising agency (5 years in existence, 17 employees and approximately 70 clients) based in Shanghai warned representatives of French management firms at a meeting of the AFG on Monday that they will need to have someone on the ground in China to manage relations with clients, as Chinese banks will provide distribution, but not after-sales services. The best solution is to find an external distributor locally, who can handle this important function. In general, Alexander continues, one should “not expect to earn a return on investment in China for three years.” The best way to break into the Chinese market is to spend time to first develop relations with the authorities and local managers. From this point of view, the best plan to to set up a representative office in Shanghai or Beijing.
03/09/2009

Credit Suisse gearing up for external growth in private banking

Walter Berchtold, CEO of private banking activities at Credit Suisse, has announced that his group is “clearly ready” to make acquisitions in the area of private banking. According to sources familiar with the matter, Credit Suisse has pulled out of the running to acquire the private banking affiliates of ING Groep in Asia and Switzerland, the Wall Street Journal reports.Berchtold says that Asia will be the main area of growth for the private bank in the years to come, and that Credit Suisse is “aggressively” pursuing recruitments to manage its expansion in this region, focusing on high net worth clients. The other two privileged regions will be the European Union and the Americas, particularly Latin America. Growth in activities in the Middle East, for their part, will depend on the evolution of commodity prices.
03/09/2009

Rothschild & Cie diversifies activities

Based on an observation that many families are seeking to sell their businesses, Rothschild & cie is currently raising a EUR500m fund to buy minority stakes in businesses valued between EUR100m and EUR500m, L’Agefi reports.The private equity unit is not likely to become a strategic activity for Rothschild & Cie, whose wealth management and mergers & acquisitions activities continue to be central. As part of the launch of this secondary activity, Alexandre de Rothschild, son of David, the director and founder of the bank, joined the firm a few months ago.
03/09/2009

Pimco takes inspiration from US university endowments

Mark Taborsky, executive vice president of Pimco, has announced that the affiliate of Allianz is changing its investment strategies, and taking a page out of the book of US university endowments, the Frankfurter Allgemeine Zeitung reports. The firm will now invest in asets which are not highly liquid (participations, real estate) to increase performance and reduce allocation to equities and bonds. But Pimco (USD840bn) will strive to avoid liquidity problems.
03/09/2009

Cerberus CM seeks three0year commitment for new funds

L’Agefi reports, citing an article in the Financial Times, that Cerberus Capital Management will partially prohibit redemptions of money from its new funds. A three-year commitment period will apply to all new hedge funds, at a time when redemption demands from several investors in Cerberus Partners LP and Cerberus Institutional LP recently totalled USD4.77bn.
03/09/2009

Head of asset management sells shares in Deutsche Bank

The head of asset management and a member of the group executive committee at Deutsche Bank, Kevin Parker, on 27 August sold 25,612 shares in the bank for more than USD1.77m, according to a regulated market filing. Deutsche Bank says that Seth Harrison, also a member of the group executive committee and CEO of Deutsche Bank Americas, on the same day sold 24,390 shares in the firm for USD1.69m.
03/09/2009

Lyxor integrates SGAM trackers

The reorganisation of the asset management professions at Société Générale group have meant that Lyxor Asset Management and Lyxor International Asset Management are taking over the alternative management, index-based management and quantitative structured management activities of SGAM AI and SGAM Index from 1 September 2009. Assets at Lyxor now total EUR78.7bn (as of 30 June 2009).In detail, index-based management activities, the ETF range from SGAM, will be transferred to Lyxor International Asset Mangaement, while trackers of SGAM ETF strategies will join the Lyxor ETF range. These will also change names, though the modification will have no impact on funds and mandates transferred in terms of their management objectives, investment strategy, mnemonic code or ISIN, or on fees charged by the funds.
03/09/2009

British insurers resist Solvency II

Les Echos reports that British insurers are concerned about raising several tens of billions of pounds Sterling to meet the requirements of the European Solvency 2 regulations, passed in spring. The European committee of supervisors (CEIOPS) has adopted an extremely prudent position, and says that all calibrations will aim to determine owners’ equity requirements. The newspaper cites reports in the Financial Times, which has obtained a letter sounding the alarm which was sent to Alistair Darling by the Association of British Insurers (ABI).
03/09/2009

NYSE Euronext creates a corporate governance commission

Les Echos reports that the American branch of NYSE Euronext as announced plans to create an advisory committee in charge of studying corporate governance, and to vote on the creation at the next AGM. The US authorities, with whom the commission will cooperate, are planning to scale up tools for shareholders to put pressure on boards of directors.
03/09/2009

DWS offers a money market fund with floating NAV

One year after the Reserve Primary Fund became the first to “break the buck,” DWS Investments (Deutsche Bank) has announced plans to launch the DWS Variable NAV Money Fund, a money market fund whose net asset value (NAV) will be allowed to fluctuate without having to remain stable at USD1, the Wall Street Journal reports. The minimal subscription will be USD1m.
03/09/2009

Deka Immobilien acquires an office building in Washington

The German asset management firm Deka Immobilien has bought the Landmark Building (23,000 square metres) in Washington D.C. for its open-ended real estate fund Deka-ImmobilienGlobal from Vornado Realty Trust. The purchase price of the property is about USD208m.
03/09/2009

French multi-management to grow in next four years

Assets under management in funds of funds in France are expected to total about EUR90bn in 2013, according to estimates by Cerulli Associates. They are they expected t begin rising again from 2010, following the declines which have come since 2008 in a context of financial crisis, but they are expected to remain below their 2007 record levels (EUR102.7bn). In 2008, net redemptions from multi-management totalled EUR7.9bn, and assets fell to EUR73.5bn. Despite this, in this unpromising context, some firms have succeeded in posting inflows. Two such are Groupama (EUR1.7bn) and La Poste (EUR281m), which has allowed them to gain market share against the three banks which dominate the market : Société Générale, Crédit Agricole and BNP Paribas. This leading trio has, however, lost ground over three years, though they continue to control more than 35% of the market.
03/09/2009

Deutsche Bank closes down an oil ETN

Due to increasing pressure from US regulators on investors in commodities, and particularly to limits on positions on the NYMEX market, Deutsche Bank has decided to close down its ETN PowerShares DB Crude Oil Double Long, the Frankfurter Allgemeine Zeitung reports. Since the beginning of the year, the performance of the USD426m product has been 72%, while contracts on crude oil on the NYMEX gained only 53%.
03/09/2009

Madoff: Report points to failures at SEC

According to an internal study by the Securities and Exchange Commission made public on Wednesday, 2 September, edited by inspector David Kotz, the US market regulatory authority could have uncovered the fraud perpetrated by Bernard Madoff much sooner, the Financial Times reports. Though eight complaints had been lodged against the financier since 1992, a lack of experience on the part of personnel at the SEC prevented the agency from noticing the warning signs, the report states.
03/09/2009

Schroder Property adds to sales staff

Nicky Wagner, who was previously head of distribution at Degi (Aberdeen Property Investors group), has been recruited by Schroder Property as head property sales. She will report to Robert Schlichting, who is head of institutional activities for Schroder Investment Management GmbH. His first mission will be to develop sales for a real estate fund focused on the British market, which has been specially developed for German clients.
03/09/2009

Russelll signs up for responsible investment principles

Russell Investments has become the next firm to sign the United Nations Principles for Responsible Investment (UN PRI). The United States-based management firm has also created a sustainable development advisory committee to promote integration of environmental, social and governance (ESG) criteria into the selection of managers and product development. In addition, the committee will promote the investment Principles in the world of asset management.Andrew Doman, President & CEO, says Russell joined the Principles as it was facing growing demand on the part of clients seeking advising and solutions which take ESG criteria into account.
03/09/2009

Michel Anastassiades becomes executive president of FFTW

Simultaneously with the announcement that Charlotte Dennery has been appointed as CEO of FundQuest, BNP Paribas Investment Partners has announced that Michel Anastassiades, who was previously head of FundQuest, will become executive president of the international fixed income affiliate FFTW in New York. He will be assisted by Debbie Hazell, CEO of FFTW.
03/09/2009

Ameriprise reportedly in talks to acquire Columbia Management

According to reports in MFWire, Ameriprise is planning to conclude an acquisition of Columbia Management from Bank of America (BofA) next week, but without the money market activities. The two questions which remain to be answered are the name of the future head of the entity and the future of fund distribution via US Trust, the private banking affiliate of BofA, and by Merrill Lynch.

Sujets d'actualité

Tous les sujets