Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
23/12/2013

Pimco launches a Strategic Income fund

Pimco has launched a multi-asset class income fund for Daniel Ivascyn, Brad Kinkelaar and Alfred Murata, Money Marketing reports. The Pimco GIS Strategic Income fund will use a multi-sector strategy worldwide, and will invest in equities and bonds. The fund is denominated in US dollars, but has asset classes denominated in pounds sterling, US dollars and euros.
23/12/2013

Vanguard extends range of Dividend Appreciation funds

Vanguard has announced that its USD22.8bn Dividend Appreciation index will now offer its fund Admiral Shares, bringing the number of vehicles on sale in this ultra low-cost line to 84. So far, 50 tracker funds and 34 actively-managed funds are available to investors. More than USD700bn, or about one third of the USD2.4bn in assets under management in funds from Vanguard, are currently in Admiral Shares products.
23/12/2013

Neuberger Berman launches a long short multi manager fund

Neuberger Berman Group has launched of Neuberger Berman Long Short Multi-Manager Fund . The fund seeks long-term capital appreciation with a secondary objective of principal preservation by allocating its assets to a select group of external hedge fund advisers that employ distinct long short strategies investing primarily in equity securities of companies throughout the world.Unlike traditional hedge funds, the fund provides daily liquidity, lower investment minimums (USD1,000 for Class A and C shares), and 1099s for shareholders, while offering full transparency of portfolio holdings without a performance-based management fee. Subadvisers for the Neuberger Berman Long Short Multi-Manager Fund are: Cramer Rosenthal McGlynn, LLC and Lazard Asset Management LLC, both for global long short equities; Levin Capital Strategies, L.P. for utilities long short investments; SLS Management, LLC for equity restructuring long short investments; and Turner Investments, L.P. for healthcare sector long short.
23/12/2013

JPMAM recruits a Neptune head as it reshuffles its sales teams

JP Morgan Asset Management has hired Andrew Larkin, head of strategic partnerships at Neptune, acording to the British press. He will lead the new global strategic relationships management (GSRM) team in the sales unit for funds in the United Kingdom at JPMAM. He will report to Jasper Perens, head of funds in the United Kingdom. Jamie Farquhar will lead the fund panelling team and Nick Keem will lead the wealth management team. A new head of insurance and platforms will be announced in due course. Mike Parsons, former head of intermediated sales in the United Kingdom, will become head of a new sales team which will primarily serve retail channels in the United Kingdom locally. Alex Bary, former head of wholesale sales for the United Kingdom, will assume new responsibilities in New York.
23/12/2013

Invesco Germany poaches a sales director from BNP Paribas

Christina Rustemeier, sales director for semi-institutional clients at BNP Paribas, has been recruited as sales director for the institutional sales team at Invesco Germany, Fondsprofessionell reports. Rustemeier will be based in Frankfurt.
23/12/2013

Record satisfaction levels for investors in hedge funds

The satisfaction of investors with the performance of hedge funds has reached an all-time high level, according to a survey carried out in November by Preqin, of 148 institutional investors representing more than USD600bn invested in these funds. 21% of respondents admit that the performance of the funds exceeded their expectations in 2013, while 63% say that the performance was at expected levels. Only 16% of respondents claim that returns were below their expectations, a noticeable decline compared with 2012, when 41% of respondents expressed the same dissatisfaction. As Preqin points out, hedge funds show returns of 10.04% as of the end of November, compared with 8.24% last year in the same period. According to the alternative management specialist agency, if these funds continue on the same trajectory in December, hedge funds may post their best returns since 2010. 29% of investors are predicting that these funds will produce high absolute returns in 2014.
23/12/2013

Petercam closes am EMEA fund

Petercam Institutional Asset Management has closed its equity fund investing in emerging market equities of Europe, the Middle East and Africa, Petercam Emerging Markets Equity EMEA, Citywire Global reveals. The fund, launched in July 2005, had assets of only EUR4.71m. It was managed by Stéphanie Voisin, who has consequently left the firm.
23/12/2013

Ossiam launches an investor confidence barometer

Ossiam, an asset management affiliate of Natixis Global Asset Management specialised in smart beta and strategy ETFs, has launched an investor confidence barometer of French institutional and retail investors. The barometer is based both on a survey of a panel of “finance experts” consisting of 89 professional financial analysts or active managers employed at financial sector institutions, a panel of “retail” investors, including 101 individual qualified investors who are active on financial markets. “European equities have posted the highest confidence score on the barometer,” the first edition of the barometer finds. “76% of finance experts say they are confident in the rise of this asset class over the next 12 months, as well as 56% of retail investors surveyed,” Ossiam says. Conversely, hedge funds are seen as the riskiest asset class. Only 27% of experts and retail investors are confident in their rise in the next 12 months.
23/12/2013

DeAWM launches two Japan ETFs in Italy

Deutsche Asset & Wealth Management on 13 December launched its first two ETFs which offer access to Japanese government bonds on the Milan stock exchange, Bluerating reports. The two ETFs, db x trackers II Markit iBoxx Japan Sovereign Ucits ETF and db x trackers II Markit iBoxx Japan Sovereign Short Daily Ucits ETF, both replicate the Markit iBoxx Japan Sovereign index, which reflects returns on government bonds denominated in yen issued by the Japanese government, one with a long and one with a short strategy.
23/12/2013

M&G releases its Income Allocation fund in Italy

M&G Investments has registered its new M&G Income Allocation fund in Ialy, Bluerating reports. The product has been licensed in 12 other countries. Currently, the fund is 42% invested in equities, 33% in government bonds, and 21% in corporate bonds.
23/12/2013

Old Mutual to launch three new multi-asset funds in 2014

Old Mutual Global Investors is extending its product range. From February 2014, the asset management firm will launch three new multi-asset funds which offer different risk profiles, managed by John Ventre, head of multi-management, Fund Web reports. The vehicles invest exclusively in funds from Old Mutual exposed to equities, bonds, real estate, commodities and cash. According to the website, the target for the fund will be to beat British inflation over the medium and long term.
23/12/2013

Financière de l’Echiquier installs a team of 3 people in Italy

French boutique Financière de l’Echiquier, which has recently opened an office in Milan, as anticipated by Newsmanagers, has promoted Paolo Sarno, head of development for Italy since 2006, to become country head for Italy. Alessio Tonato, head of development for Italy since 2009, becomes head of retail for Italy. They will be assisted by Anna Maria Arduini, sales assistant. “Financière de l’Echiquier has taken its first steps in the country since 2005, and now manages nearly EUR300m there,” says Didier Le Menestrel, who opened the office, in the presence of Stéphane Toullieux, CEO. The objective is to reach EUR1bn in assets. Financière de l’Echiquier has assets under management of EUR7.5bn. The French asset management firm has released a range of six funds in Italy for the major distribution networks, private bankers, online brokers and insurers throughout the country.
23/12/2013

Saxo Bank publie ses prévisions choc pour 2014

En 2014, le CAC 40 va perdre 40 % sous l’effet du «malaise français». Cette prédiction fait partie de la liste annuelle de «prévisions chocs» de Saxo Bank pour l’année à venir. «Si la probabilité que chacune de ces prédictions se réalise est faible, elles dérivent toutes de déductions stratégiques des analystes du groupe, fondées sur une série d'événements politiques ou de marché certes peu probable, mais crédible», avertit Saxo Bank.Cette année, ces prévisions vont de la mise en place d’un impôt européen sur la fortune à l’annulation par la Banque du Japon de la dette gouvernementale, en passant par un réveil douloureux pour les «Fat Five» de la high tech ou la chute du cours du Brent alors que le monde croule sous le pétrole. Une autre affirmation choc concerne la possibilité que la déflation aux Etats-Unis s’invite dans le débat après l’acte II du bourbier politique au Congrès en janvier, tandis que l’Allemagne pourrait perdre son trône de meilleur élève européen et tomber en récession.Les perspectives du Brésil, de l’Inde, de l’Afrique du sud et de la Turquie vont aussi s’assombrir si la réduction du Quantitative Easing de la Fed entraîne une hausse des taux et donc un coût marginal du capital plus élevé, mettant en risque les pays en situation de déficit courant et pénalisant la valeur de leur devise. Pendant ce temps, l’Europe peut retomber dans un marasme économique et politique si une alliance anti-UE s’impose comme étant le groupe le plus important au Parlement européen.
23/12/2013

Financière de l'Echiquier s'implante en Italie

Didier Le Menestrel, président, et Stéphane Toullieux, directeur général, ont récemment inauguré à Milan le premier bureau étranger de Financière de l’Echiquier (FDE). Objectif: atteindre un milliard d’euros d’encours dans le pays, où la société est présente commercialement depuis 2005, contre 300 millions d’euros aujourd’hui. FDE gère aujourd’hui près de 7,5 milliards d’euros pour le compte d’investisseurs privés et institutionnels dont 2 milliards d’euros à l’étranger.
23/12/2013

Fitch confirme la note AA+ de la France

L’agence de notation a confirmé vendredi la note AA+ de la France et sa perspective stable, estimant qu’elle parviendra à réduire son déficit public à moins de 3% du PIB en 2015. Fitch précise que la dette publique, estimée à 93,7% du PIB à fin 2013, n’est pas incompatible avec AA+ si elle est fermement placée sur une trajectoire de baisse, mais que les réformes entreprises ne compenseront pas les tendances négatives sur la compétitivité du pays.
23/12/2013

La conjoncture se détériore en Argentine

Si le produit intérieur brut argentin a augmenté de 5,5% en rythme annuel au troisième trimestre, il a reculé de 0,2% d’un trimestre sur l’autre, montrent des statistiques officielles publiées vendredi. La production industrielle a de son côté baissé de 4,7% en novembre par rapport au même mois de 2012, contre une hausse de 0,6% anticipée par les économistes interrogés par Reuters.
23/12/2013

Le Conseil d’Etat annule une instruction fiscale de Bercy

Le Conseil d’Etat a annulé vendredi une instruction gouvernementale visant à durcir le mécanisme de plafonnement de l’impôt sur la fortune (ISF) permettant aux contribuables assujettis à l’ISF de ne pas payer plus de 75% de leurs revenus en impôts, rapportent Les Echos. Le quotidien ajoute que les 7.630 contribuables concernés par ce plafonnement verront leur facture fiscale s’alléger au titre de 2013.
23/12/2013

Le gouvernement nippon adopte le projet de budget 2014/2015

Le gouvernement nippon a adopté vendredi son budget prévisionnel d’un montant record de 95.880 milliards de yens (675 milliards d’euros) pour l’exercice commençant au 1er avril 2014, qui sera financé à hauteur de 43% par de nouveaux emprunts. Ce projet de budget, établi sur la base d’une croissance limitée à 1,4%, sera débattu au Parlement au début de l’an prochain.

Sujets d'actualité

Tous les sujets