Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
13/04/2010
Fonds

Carlyle lève 2,5 milliards de dollars en Asie

Carlyle Group a levé 2,6 milliards de dollars pour son troisième fonds asiatique de capital investissement, rapporte le Financial Times. Même si cela est inférieur aux 4 milliards de dollars ciblés lorsque la société a commencé à lancer le fonds en 2008, cela reste le plus gros fonds de private equity sur l’Asie depuis la faillite de Lehman Brothers.
Fonds
13/04/2010
Fonds

Amundi ETF fait enregistrer 46 ETF aux Pays-Bas

Amundi ETF a annoncé lundi 12 avril avoir fait enregistrer 46 ETF aux Pays-Bas. Outre les accès aux produits de la gamme Amundi ETF sur les trois principales Bourses européennes - NYSE Euronext Paris, Deutsche Börse et Borsa Italiana - les investisseurs institutionnels néerlandais y auront donc accès grâce à un enregistrement local.Dans le détail, les 46 ETF enregistrés sont : - 16 ETF Actions Régions & Pays permettant aux investisseurs de bénéficier d’une exposition aux principaux secteurs géographiques ou des marchés émergents.- 13 ETF Sectoriels offrant une exposition aux principaux secteurs mondiaux et européens.- 7 ETF Actions sur indices de Stratégie incluant des produits à effet de levier et short quotidiens, pour les investisseurs souhaitant renforcer leurs positions ou se couvrir sur desmarchés spécifiques.- 1 ETF Monétaire offrant un placement transparent et efficace des liquidités à court et moyen terme.- 9 ETF Obligataires offrant des emprunts d’Etats de la zone euro avec des maturités allant de 3 mois à 15 ans, une couverture contre le risque inflationniste ou permettant d’investir dans des «corporates».
Fonds
13/04/2010

Morningstar UK se renforce outre-Manche

Morningstar UK, la filiale britannique de Morningstar, a annoncé le 12 avril l’acquisition du fournisseur britannique de recherche indépendante, de notation et de conseil sur les fonds, OBSR (Old Broad Street Research), pour un montant de 11,95 millions de livres.L'équipe du fournisseur britannique (une trentaine de personnes), renommé «OBSR, a Morningstar company», analyse et recommande quelque 500 fonds domiciliés ou non au Royaume-Uni, ainsi que de nombreux autres produits comme les produits de retraite.
13/04/2010
Fonds

Skandia commercialise son fonds European Best Ideas au Royaume-Uni

Lundi, Skandia a annoncé qu’il va désormais distribuer son Skandia European Best Ideas Fund (240 millions d’euros) sur le marché britannique au travers de sa plate-forme Skandia Investment Solutions. Ce produit de droit irlandais géré par Skandia Investment Group (SIG) est confié à dix gérants stars externes qui investissent chacun dans dix lignes correspondant à leurs «meilleures idées» (lire notre article du 31 mars). Le lead portfolio manager est Lee Freeman-Shor et la performance du fonds a été de 5,41 points supérieure sur deux ans à l’indice MSCI Europe.
Fonds
13/04/2010

SG Private Banking renforce son dispositif dédié au Moyen-Orient

Société Générale Private Banking a annoncé lundi 12 avril l’ouverture d’un département «Moyen-Orient» à Genève et le recrutement de 5 conseillers privés exclusivement dédiés à la clientèle fortunée du Moyen-Orient. Christopher Urwick est nommé directeur du département composé de Claude Tendon, Amr Barakat, Sandra Bavaud et Nathalie Wyss, précise la banque dans un communiqué.Cette équipe est placée sous la responsabilité d’Eric Lorentz, directeur de la clientèle Moyen-Orient basé aux Emirats Arabes Unis, en charge de la coordination internationale de l’offre commerciale dédiée à cette clientèle.Avant de rejoindre Société Générale Private Banking en 2010 avec son équipe pour développer les activités de gestion de fortune de la banque privée vis-à-vis de la clientèle arabe, Christopher Urwick, 47 ans, était responsable depuis 1993 du département Moyen-Orient au sein de la Lloyd’s Bank.
13/04/2010

La Deutsche Bank crée une coentreprise en Arabie saoudite

Lundi, la Deutsche Bank a annoncé la création de Deutsche Gulf Finance, une coentreprise dans laquelle sa succursale de Riyad détient 40 % et dont les 60 % restants sont contrôlés par un groupe d’investisseurs saoudiens animé par Fahad Abdullah Abdulaziz Al Rajhi. Cette société a pour objet un financement de logements conforme à la charia. Initialement, Deutsche Gulf Finance aura un capital de 110 millions de dollars et se limitera au financement immobilier en Arabie saoudite. Ensuite, l’activité sera étendue à Bahreïn, au Qatar et au Koweit.
13/04/2010

Cerberus acquiert DynCorp

Le conseil d’administration de DynCorp International a accepté lundi une offre d’acquisition émanant de fonds du capital-investisseur Cerberus Capital Management et portant sur environ 1,5 milliard de dollars, dette comprise. Les actionnaires percevront 17,55 dollars par action, ce qui représente une prime d’environ 49 % sur le cours de clôture de 11,75 dollars le 9 avril et d'à peu près 50 % sur la moyenne du cours de clôture sur les 90 dernières séances. L’acquisition du groupe de défense sera autofinancé en partie par Cerberus qui contractera en complément des prêts de Bank of America Merrill Lynch, Citigroup Global Markets, Barclays Bank et Deutsche Bank Securities.La transaction devrait être bouclée au troisième ou au quatrième trimestre, mais DynCorp conserve la faculté de solliciter d’autres offres de tierces parties pendant 28 jours. Le dédit serait de 30 millions de dollars.
13/04/2010

Nominations chez CalPERS

CalPERS (California Public Employees’ Retirement System) a annoncé le 12 avril plusieurs nominations, notamment celle de Larry Jensen au poste de Assistant Executive Officer des services administratifs du fonds de pension californien. Depuis 15 ans chez CalPERS, Larry Jensen était chief auditor depuis 2002.Kim Malm est nommée Interim Assistant Executive Officer pour la division Health Benefits, Alan Milligan devient actuaire en chef de CalPERS, tandis que Danny Brown prend la direction du bureau des affaires gouvernementales.
13/04/2010

Henderson confirme s'intéresser à RidgeWorth

Lundi 12 avril, Henderson Group, prenant en compte les rumeurs qui circulent dans les médias, a confirmé être en pourparlers au sujet de l’acquisition potentielle de certaines des activités de l’américain RidgeWorth Capital Management Inc (63,1 milliards de dollars d’encours), filiale de SunTrust Banks Inc. Le gestionnaire britannique souligne toutefois que les négociations sont toujours en cours et qu’il n’y a aucune certitude qu’elles aboutiront.
13/04/2010
Fonds

Van Eck lance un ETF de petites capitalisations latino-américaines

Jeudi soir, Van Eck Global a annoncé le lancement du Market Vectors Latin America Small-Cap Index ETF (acronyme LATM sur NYSE Arca), qui se veut le premier ETF ouvert coté aux Etats-Unis permettant aux souscripteurs d’investir dans les petites capitalisations latino-américaines qui font partie du Market Vectors Latin America Small-Cap Index. Ce dernier comporte actuellement 81 valeurs de sociétés affichant une capitalisation boursière d’au moins 150 millions de dollars et un volume de transactions journalier minimum d’un million de dollars sur trois mois. Actuellement, les trois secteurs les plus importants sont les matériaux (26 %), les biens de consommation discrétionnaires (23 %) et les industrielles (14 %).Le taux de frais ressort à 0,63 % en net.Le LATM est le 25ème ETF de la gamme Market Vectors de Van Eck, une gamme qui pèse environ 13,5 milliards de dollars d’encours.
Fonds
13/04/2010
Fonds

Les ETF de Schwab franchissent la barre du milliard de dollars

Charles Schwab Corp a indiqué que l’encours de ses huit ETF a désormais franchi la barre du milliard de dollars, alors que les actifs sous gestion au 3 février se trouvaient encore à 570 millions de dollars, rapporte The Wall Street. Les quatre premiers produits ont été lancés voici tout juste cinq mois, les quatre autres ont suivi en décembre et janvier.
Fonds
13/04/2010

Union launches MENA fund

The asset management firm for the German co-operative banks, Union Investment, on Monday announced the launch of an equities fund investing in shares from the Middle East and North Africa (MENA) region. The product is registered in Luxembourg and denominated in Euros, is entitled UniEM Middle East & North Africa, and is managed by Omar Abu Rasheed, who insists on the need for diversification due to considerations of performance and risk distribution. The portfolio is constructed through stock-picking of shares from the Middle East, North Africa, and sub-Saharan Africa. Characteristics Name: UniEM Middle East & North Africa ISIN: LU0483176268 Front-end fee: 5% Management commission: 1.55% (maximum 1.75%) Depository banking commission: 0.10%
13/04/2010

Stable outlooks for money market funds

Despite an environment which remains difficult and more uncertain long-term outlooks, outlooks for ratings of money market funds remain stable in the United States and elsewhere in the world, Moody’s says in its annual report on money market funds, which finds that liquidity and the quality of credit improved last year. In the United States, regulatory changes likely to come by the end of the year may bring deep changes to the money market fund sector.
13/04/2010

A new analysis tool for UCITS III funds

Citywire, which coined the term “Newcits” to describe UCITS III-compliant hedge fund strategies, has created a database of these funds. The database, which will be updated monthly, includes ratings of 276 funds using 13 strategies, of which the largest category is long/short, with 70 funds, followed by credit strategies (44), multi-strategy (36) and market neutral (25). Assets under management in these funds total about USD49bn. Three quarters of these products have a one-year track record, while 40% have a three-year track record.
13/04/2010

US investors see the light of UCITS

US investors are finally starting to succumb to the charms of Ucits, says the Financial Times Fund Management. A number of US investors are now said to be looking at the new generation of Ucits III-compliant hedge fund strategies, known as Newcits, as an alternative to investing in Cayman or British Virgin Islands hedge funds.
13/04/2010

GMAC sells European activities to Fortress Group

GMAC has agreed to sell its USD12bn European mortgage business to Fortress Investment Group, says the Financial Times. The disposal involves about 40 per cent of the assets of Residential Capital, its mortgage finance unit, including USD1bn in mortgages that were originated by GMAC and nearly USD11bn in securitisations.
13/04/2010

Default rate on European junk bonds falling

The default rate for European debt issuers in the speculative category has fallen to 12.8% as of the end of fourth quarter 2009, from 14.2% one quarter earlier, according to data from Standard & Poor’s. The agency estimates that the default rate will continue to fall, to a total of about 8.7% by the end of 2010. In total, 96 European issuers defaulted in 2009, representing total debt of EUR60.3bn. By country, Germany and the United Kingdom have the largest number of defaults (18 each), followed by France (16). In France, the default rate totalled 11.1% in 2009, compared with 2.7% in 2008. Contrary to the trend in Europe, the number of defaults increased significantly in fourth quarter 2009.
13/04/2010

Stoxx launches a new series of indices

The index provider Stoxx on 12 April announced the launch of the Stoxx Europe 600 Daily Short Index, along with 19 sectoral indices which will replicate a daily douhble short investment strategy.
13/04/2010

Alken Asset Management registered in Spain

The Luxembourg-based management firm Alken Asset Management was Friday issued a license by the Spanish regulator, the CNMV, and will now be allowed to release the Alken European Opportunities fund, launched in January 2006 (EUR1.97bn in assets as of 26 February), in Spain. The product is managed by Nicolas Walewski.
13/04/2010

Morningstar UK builds presence in British market

Morningstar UK, the British affiliate of Morningstar, on 12 April announced the acquisition of the British independent research, ratings and fund advising provider OBSR (Old Broad Street Research), for a total of GBP11.95m. The British team from the provider (30 people), entitled “OBSR, a Morningstar company,” analyses and provides recommendations on about 500 funds, which may or may not be domiciled in the United Kingdom, as well as many other products, including retirement funds.
13/04/2010

Hedge funds expected to increase use of ETFs

BlackRock said it expected more hedge fund managers to create ETFs by using their own funds as the underlying exposure. Deborah Fuhr, global head of ETF research at BlackRock, cautioned that these new products would be more challenging for investors to understand.
13/04/2010

Skandia releases European Best Ideas fund in United Kingdom

On Monday, Skandia announced that it will be releasing its Skandia European Best Ideas Fund (EUR240m) on the British market, via its Skandia Investment Solutions platform. The Irish-registered product, managed by Skandia Investment Group (SIG), is managed by six external star managers, each of whom invest in 10 positions, corresponding to their “best ideas” (see Newsmanagers of 31 March). The lead portfolio manager is Lee Freeman-Short, and the performance of the fund has been 5.41 points higher than the MSCI Europe index over two years.
13/04/2010

Schroders scales up distribution in Germany

Schroder Investment Management has announced the recruitment of Alexander Heidenfelder, who was previously senior sales manager for supra-regional banks in Germany at Fidelity. He joined Schroders on 1 April, as director of distribution of open-ended funds in South Germany. He will report to Joachim Nareike, director of distribution.
13/04/2010

Threadneedle continues to add to sales force

The Frankfurt-based sales team under Werner Kolitsch, head of Germany and Austria at Threadneedle, has now been strengthened with the recruitment of a sales executive for key accounts, a position which will be occupied by Anita Frießner, who has more than 20 years’ experience int he financial sector, and who was most recently sales manager at Principal Global Investors in Munich. The sales force of Threadneedle in Germany now includes seven people, and may be further strengthened. According to information obtained by Newsmanagers, a further recruitment is coming soon, and the finalisation of two others may follow. In Austria, the office of the British asset management firm employs two people.
13/04/2010

BHF recruits team from Weberbank in Essen

The private wealth management team of Weberbank in essen, which includes six people led by André Weber, has joined BHF-Bank (EUR43bn in assets as of the end of 2009), and moved to the branch offices of BHF in Düsseldorf. By early July, the team will have new offices in Essen. The BHF network will then include 13 locations in Germany, including four int he Rhine-North Westphalia region. Weber becomes co-head of the Düsseldorf branch, alongside Hans-Joachim Höschel, and in this position will be responsible for the new location in Essen.
13/04/2010

Nicolás Merigó becomes CEO of Marguerite Admisor

The former head of the Santander infrastructure fund, Nicolás Merigó, has been appointed as CEO of Marguerite Admisor, the manager of the largest public fund in Europe dedicated to energy, the 2020 European Fund for Energy, Climate Change & Infrastructure. The fund, which is in the format of a Luxembourg Sicav, may have an investment firepower of EUR6.5bn, of which EUR1.5bn would be in cash.Founded in 2008 under the French EU presidency, the fund is “supported” by Spanish, Italian, German, French and Polish public lending institutions, each of which have contributed EUR100m, Cotizalia reports. Additional contributions of EUR100m each were provided by the Portuguese management firm Caixa General de Depósitos, the Bank of Valleta (Malta) and the European Commission. The partner-promoters have also created a “financing initiative” to issue EUR5bn in debt. The fund is planning to close with EUR1.5bn in capital at the end of this year.
13/04/2010

DBS appoints a head of asset management in Singapore

The largest bank in Singapore, DBS Bank, has announced the appointment of Tan Su Shan, currently head of private management at Morgan Stanley for South-East Asia, as head of private banking, including asset management, from 1 July, Asian Investor reports. She will be a member of the board of directors at the DBS group. One of her first tasks will be to recruit for the team in charge of high net worth clients.
13/04/2010

Henderson confirms interest in RidgeWorth

On Monday, Henderson Group, responding to rumours that have been reported in the media, confirmed that it is in talks concerning a potential acquisition of some of the activities of the US firm RIdgeWorth Capital Management Inc (USD63.1bn in assets), an affiliate of SunTrust Banks Inc. The British management firm emphasizes that the talks are still underway and that there is no guarantee that the negotiations will result in a deal.
13/04/2010

US institutionals wake up to ETFs

ETF use among U.S. pension funds, endowments and foundations has grown to about 14%, according to the results of Greenwich Associates’ most recent annual study of the U.S. investment management market. Despite that relatively modest share, institutions actually represent roughly half the assets invested in ETFs in the United States according to recent industry estimates. Almost half the institutional users in the Greenwich Associates annual study say they employ ETFs for what they consider «tactical» tasks related to the management of their portfolios. Approximately 20% of institutional ETF users say they use the funds to implement «strategic or long-term» investment decisions, and an equal share report that they use ETFs for both tactical and strategic purposes.
13/04/2010

Cerberus acquires DynCorp

The board of directors at DynCorp International on Monday accepted an acquisition offer from a fund of the private equity investor Cerberus Capital Management, for about USD1.5bn, including debt. Shareholders will receive USD17.55 per share, which represents a premium of about 49% above the closing share price of USD11.75 on 9 April, and slightly over 50% higher than the average closing price over the past 90 days. The acquisition of the defence group will be partly self-financed by Cerberus, which will also contract loans from Bank of America Merrill Lynch, Citigroup Global Markets, Barclays Bank and Deutsche Bank Securities. The transaction will be completed in third or fourth quarter, but DynCorp will retain the ability to entertain other acquisition offers from third parties for a period of 28 days, with a USD30m charge to cancel the Cerberus deal.

Sujets d'actualité

Tous les sujets