Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
23/12/2010

Fitch place cinq banques grecques sous surveillance

Cinq grandes banques grecques ont été averties mercredi par Fitch Ratings que leurs notes de crédit pourraient passer en catégorie spéculative, au lendemain d’une annonce similaire de l’agence de notation sur la note souveraine de la Grèce.
23/12/2010

Le budget grec adopté

Le Parlement grec a adopté mercredi soir par 156 voix contre 142 le budget 2011 qui prévoit plus de 14 milliards d’euros d'économies.
23/12/2010

S&P confirme la note AAA de la Cades

L’agence a confirmé mercredi la note «triple A» attribuée à la Caisse d’amortissement de la dette sociale. La Cades étant considérée comme une entité lié à l’Etat, S&P estime que le transfert prévu à la caisse en 2011 d’un montant pouvant atteindre 130 milliards d’euros dettes «sera compensé par des recettes supplémentaires et par la prolongation de quatre ans de son existence».
23/12/2010

Bon millésime pour la dette corporate

Année record en matière d'émissions sur le compartiment du haut rendement, 2010 s’est aussi caractérisée par la capacité des entreprises à emprunter en valeur absolue à des niveaux de coupons historiquement bas, notamment aux Etats-Unis.
23/12/2010

BNPP Fortis pousse ses pions en banque privée

Bien que le rachat de Fortis Private Bank se soit soldé par de sévères déconvenues hors du Benelux, BNP Paribas Fortis entend pousser son avantage en banque privée. Alors que le total d’actifs sous gestion «projeté fin 2010» atteint 54 milliards d’euros, en hausse de 20% par rapport à 2009, BNP Paribas Fortis Private Banking vise 85 milliards d’euros.
22/12/2010
Fonds

L’ex-fonds de Roger Guy voit ses encours chuter

Le Gartmore European absolute return fund a vu ses encours chuter de 87 % le mois dernier, de 181,5 millions de livres à 23,8 millions en novembre, rapporte Money Marketing. Les investisseurs sont sortis du fonds après le départ de son gérant, Roger Guy.
Fonds
22/12/2010

Le patron de Bank of New York Mellon AM prend de nouvelles fonctions

Selon plusieurs sources concordantes, le patron pour la zone Asie-Pacifique de Bank of New York Mellon Asset Management, David Jiang, a démissionné de ses fonctions pour prendre la responsabilité du pôle ETF.David Jiang, qui était basé à Hong Kong, s’est installé à San Francisco pour diriger l'équipe de distribution mondiale du pôle ETF. L'équipe de la zone Asie-Pacifique sera désormais pilotée par Alan Mearns, CEO de BNY Mellon Asset management International.
22/12/2010

Blackstone lève un mega fonds

Selon l’Agefi, le fonds américain Blackstone vient de finaliser la levée d’un fonds de 15 milliards de dollars (11,4 milliards d’euros). Il s’agit ainsi du plus important véhicule levé depuis la faillite de Lehman Brothers en septembre 2008, selon des données de la société Preqin. Sur la période 2007-2010, le record est actuellement détenu par le fonds américain TPG, avec un véhicule de 17,8 milliards de dollars levé en 2008 juste avant la débâcle générée par Lehman.
22/12/2010
Fonds

Cerberus Capital se déleste de Chrysler Financial

Selon les Echos, Toronto-Dominion (TD Bank), la deuxième banque canadienne par les actifs, a annoncé mardi 21 décembre le rachat pour 6,3 milliards de dollars de Chrysler Financial, l’ex-branche financière du constructeur automobile américain, au fonds d’investissement Cerberus Capital. L’acquisition, révélée lundi soir par le « Wall Street Journal », comprend des actifs nets d’une valeur de 5,9 milliards de dollars et environ 400 millions de dollars en survaleur.
Fonds
22/12/2010

Westcore Europe acquiert un immeuble à Fribourg

Westcore Europe, filiale de Westcore Properties, basée à San Diego, a annoncé mardi 21 décembre l’acquisition de l’immeuble Fribourg City Centre à Fribourg (Suisse), d’une surface d’environ 6 100 m2 à usage commercial, mais aussi de bureaux et de loisirs. Ce bâtiment était détenu par la Fondation CPV/CAP Pensionskasse Coop et a longtemps accueilli le centre commercial Coop.Selon Olivier Hezelot, asset manager chez Westocre Europe le bâtiment situé en centre-ville devrait, grâce aux efforts de mise en valeur et de location, «offrir des rendements optimum à ses investisseurs».
22/12/2010
Fonds

Franklin Templeton prépare un fonds de sukuks

Franklin Templeton prévoit de lancer un fonds mondial investi dans des sukuks au premier trimestre 2011, rapporte Asian Investor. Pour l’instant, la société de gestion américaine gère ses stratégies actions asiatiques et mondiales conformes à la Sharia depuis Kuala Lumpur et Singapour. Avec le temps, la gestion des portefeuilles conformes à la Sharia devrait être concentrée uniquement en Malaisie.
Fonds
22/12/2010

Bank of New York Mellon AM head takes on new responsibilities

According to several sources, the head of Bank of New York Mellon Asset Management for Asia-Pacific, David Jiang, has resigned from his position in order to take responsibility for the ETF unit.Jiang, who was based in Hong Kong, will move to San Francisco to direct the global distribution team for the ETF unit.The Asia-Pacific team will now be led by Alan Mearns, CEO of BNY Mellon Asset Management International.
22/12/2010

CalPERS speaks out against Apple on governance

p { margin-bottom: 0.08in; } CalPERS has attacked Apple over the way in which the firm elects its directors. The pension fund would like to see the group and other US firms in which it invests adopt rules under which directors are required to receive a majority of votes in order to be elected.
22/12/2010

French private equity club proposes ESG measures

p { margin-bottom: 0.08in; } The Sustainable Development Club within the French association of private equity investors AFIC on 21 December announced the publication of “sustainable development and private equity” an initial work relating reflections and experiences in the area of ESG policies for asset management firms. On the basis of the concrete experiences of French and international funds, the publication proposes ways for capital investment firms to take steps in the direction of sustainable development, through the integration of extra-financial or ESG criteria into their investment processes and shareholder practices. “Sustainable development and private equity” was undertaken with the active support of Activa Capital, AXA Private Equity, Céréa Gestion, Natixis Capital Investissement, OFI Private Equity, and Pragma Capital, in collaboration with the Sustainable Development Direction at PricewaterhouseCoopers.
22/12/2010

Franklin Templeton preparing a sukuk fund

p { margin-bottom: 0.08in; } Franklin Templeton is planning to launch a global fund investing in sukuks in first quarter 2011, Asian Investor reports. At present, the US management firm manages its Sharia-compliant Asian and global equities strategies in Kuala Lumpur and Singapore. Eventually, management of Sharia-compliant portfolios will be concentrated solely in Malaysia.
22/12/2010

BP group called on to better manage risks

p { margin-bottom: 0.08in; } A group of investors led by Christian Brothers Investment Services (CBIS) is planning to propose a resolution in January that would have the oil group BP pledge to improve its risk management, SocialFunds reports. In an interim declaration published with the draft resolution, the group of investors invites the board at BP to undertake an evaluation of its current risks and plans to manage risks for its activities in North America, and to release the results to shareholders.
22/12/2010

Moody's publishes a new methodology for project finance ratings

p { margin-bottom: 0.08in; } The ratings agency Moody’s on 21 December published a methodology for project finance (“Generic Project Finance Methodology”), in order to improve the transparency and logic of its approach to rating issuers in this sector, which is not covered by existing methodologies. The new global methodology concerns projects such as stadiums, parking garages, and industrial installations, which are not included in the current ratings methodologies, Moody’s explains.
22/12/2010

Drop in assets for Roger Guy's former fund

p { margin-bottom: 0.08in; } The Gartmore European Absolute Return fund saw an 87% decline in its assets last month, from GBP181.5m to GBP23.8m in November, Money Marketing reports. Invetors pulled out of the fund after the departure of its manager, Roger Guy.
22/12/2010

French legislature lays out proposals to limit speculation

p { margin-bottom: 0.08in; } A research commission of the French National Assembly on 21 December submitted 34 proposals to limit speculation and help to end the “casino economy” and “international financial disorder.” The commission, composed of representatives from all parties and led by the Socialist Henri Emmanuelli, calls for stricter regulation, or a complete prohibition, of practices such as high-frequency trading and short-selling, a redefinition of the responsibilities of ratings agencies, and increased responsibility in the financial sector, in order to prevent member states from having to bail them out in times of crisis. The commission also proposes improved regulation of hedge funds, including closer monitoring of the opportunities offered to all hedge funds to acquire a “European passport,” which could open the European market to insufficiently monitored funds, to ensure that the necessary correctives can be achieved in a timely manner. The commission estimates that moves should be made quickly to supplement the AIFM with clauses to allow improved control of these funds and to limit leverage for funds which hold the new European passport. It also proposes that means to establish a distinction between depository banks and investment banks should be considered, and favours moves to combat shadow banking, which has led some financial establishments to remove some of their engagements from their balance sheets.
22/12/2010

Former Madoff employee sent back to prison

p { margin-bottom: 0.08in; } Annette Bongiorno, a former employee of Bernard Madoff, was sentenced to return to prison on Tuesday by a US judge who found that she represented a flight risk, the Financial Times reports. For 40 years, Bongiorno worked for Madoff’s company overseeing back-office employees. She has been accused of controlling the fabrication of account information, confirmations of transactions, and other documents, when she knew that the redemptions were being paid with money from new clients.
22/12/2010

CESR lays out proposals to standardise over-the-counter derivatives markets

p { margin-bottom: 0.08in; } The Committee of European Securities Regulators (CESR) on 21 December submitted its technical advice on the subject of the standardisation of over-the-counter derivative markets on organised trading platforms to the European Commission. The CESR estimates that all participants in the market should do more to standardise products and automate processes. With this in mind, the CESR proposes to set standardisation and automatisation objectives for each asset class. If these objectives are not achieved, the European Securities and Markets Authority (ESMA), which will replace the CESR from 1 January 2011, may define appropriate obligatory measures. The Committee also states that in this context, further work is necessary to define the concept of the organised trading venue. The CESR says it is prepared to undertake this work as a priority. Among the components which should characterise such a platform are easy and non-discriminatory access, transparent regulations, objective criteria for easy and non-discriminatory execution, authorisation and surveillance by competent authorities, and operational effectiveness. Organised markets and multilateral trading facilities (MTF) already meet these requirements. The CESR then proposes that derivative products liable to be deemed eligible for trading on organised trading platforms should be standardised, and the market surrounding this derivative should be liquid.
22/12/2010

French Treasury plans to borrow EUR184bn in 2011

p { margin-bottom: 0.08in; } The French finance minister, Christine Lagarde, has set the amount of long-term bond debt which will be issued by France in 2011 at EUR184bn, slightly less than last year, the Agence France Trésor (AFT), which manages French debt, announced on 21 December. In 2010, the Treasury planned to borrow EUR188bn, a figure which took into account major borrowing, but was ultimately exceeded. For inflation-linked bonds (10% of net long-term debt issues in 2011), the AFT will examine opportunities to issue new bonds in this market segment; in particular, potential launches in 2011 of a new major 15-year line of European inflation-linked bonds (OAT€i), and of a new major line of French 5-year inflation-linked bonds (OATi) will be studied. The AFT will also continue to offer existing inflation-linked bonds, in line with demand.

Sujets d'actualité

Tous les sujets