Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
19/02/2010

Deka présente son premier rapport environnemental

Le gestionnaire central des caisses d'épargne allemandes, DekaBank, a publié jeudi son premier rapport environnemental, après l’introduction en 2008 d’un système interne de gestion de l’environnement qui a été certifié l’an dernier.Ce document fait ainsi ressortir qu’en 2008 la consommation «absolue» de papier a diminué de 18 % sur 2007 et que sur la période 2006-2008 la production de déchets par salarié a diminué de 23 %.DekaBank indique avoir l’intention de pbulier un rapport environnemental chaque année.Le document complet est disponible à l’adresse http://www.dekabank.de/
19/02/2010

Union Investment : le bon cru 2009 n'a pas effacé le mauvais exercice 2008

Pour 2009, «un exercice couronné de succès», selon le termes de de Rüdiger Ginsberg, président du directoire, Union Investment, le gestionnaire central des banques populaires, a réalisé un bénéfice net de 204 millions d’euros contre 143 millions pour 2008 et 345 millions en 2007. Ses encours ont gonflé de 15 % pour remonter à 166 milliards d’euros fin décembre contre 144,4 milliards d’euros douze mois auparavant, où ils accusaient une chute de 17,7 %. Les souscriptions nettes sont ressorties l’an dernier à 10,7 milliards d’euros contre des sorties nettes de 6,8 milliards en 2008, mais les rentrées nettes de 2007 avaient atteint 12,2 milliards d’euros.Dans le détail, Union précise que les souscriptions nettes se sont réparties pour 1,9 milliard d’euros pour les fonds offerts au public (contre des remboursements nets de 3,3 milliards en 2008) et un record de 8,3 milliards pour la gestion institutionnelle (contre des sorties de 3,6 milliards). Le gestionnaire précise aussi que ses rentrées nettes pour les fonds immobiliers offerts au public ont représenté 2,6 milliards d’euros, ce qui est le meilleur résultat de tout le secteur de la gestion en Allemagne.On notera par ailleurs qu’Union a attiré plus de 135.000 clients pour les plans d'épargne-retraite Riester, de sorte que son produit UniProfiRente compte environ 1,8 million de souscripteurs. D’autre part, les fonds garantis ont attiré 2,5 milliards d’euros de souscriptions nettes, dont 1,9 milliard pour des produits nouvellement lancés.
19/02/2010

Lombard Odier renforce son équipe commerciale

Frank Stefes, qui dirigeait la distribution de Fonds pour Henderson Global Investors en Allemagne, a rejoint au 1er janvier Lombard Odier avec la responsabilité de la commercialisation de fonds offerts au public auprès de la clientèle de gestionnaires de fortune, de fonds de fonds, de family offices, de banques privées, d’assureurs et de plates-formes de fonds pour les CGPI.
19/02/2010
Fonds

SEI vise la barre de 1 milliard de dollars pour ses fonds islamiques

Le gérant de fortune SEI espère que ses quatre fonds conformes à la charia pourront tutoyer la barre des 1 milliard de dollars dans les deux à trois prochaines années, a indiqué hier un haut responsable de la firme, Jahangir Aka, à l’occasion du sommet sur la finance et la banque islamique organisé par Reuters à Dubai.
Fonds
19/02/2010
Fonds

Performances contrastées pour les hedge funds en janvier

En janvier, les stratégies alternatives ayant affiché les plus fortes performances sont, selon l’Edhec Risk Institute, celle des distressed securities (+1,97 %) et le short selling (+1,85 %). Sur 13 stratégies, 8 sont en positif.Les plus fortes pertes sont le fait des stratégies le CTA Global (-2,82 %) et le long/short equity (-1,02 %).
Fonds
19/02/2010

La direction générale d'Allianz GI France se renouvelle

Michel Haski vient d'être nommé directeur général (Chief Executive Officer) d’Allianz Global Investors France. Dans un communiqué paru jeudi 17 février, Allianz GI précise qu’il conservera par ailleurs ses responsabilités de Chief Executive Officer d’Allianz Global Investors Europe GmbH.Simultanément, trois directeurs généraux délégués ont également été nommés : - Franck Dixmier, en charge des investissements, - Johann Gaulier, en charge des fonctions ressources humaines, conformité, contrôle interne et affaires juridiques, finance et contrôle des risques, - Christophe Mallet, en charge du développement et des réseaux. Enfin, Sylvie Bernard et Jean-Marc Voisin ont été nommés directeurs généraux adjoints. Sylvie Bernard sera en charge des opérations, du reporting et de l’organisation. Quant à Jean-Marc Voisin, il sera en charge des systèmes d’information. Depuis mai 2006, Michel Haski était responsable du développement commercial pour Allianz Global Investors Europe GmbH, avant de devenir, en juillet 2008, Chief Executive Officer d’Allianz Global Investors Europe GmbH.Franck Dixmier était directeur général adjoint d’Allianz Global Investors France, en charge des investissements depuis février 2008. Johann Gaulier était directeur général adjoint d’Allianz Global Investors France depuis 2009.Christophe Mallet était directeur général adjoint d’Allianz Global Investors France depuis 2008.Enfin, Sylvie Bernard était directrice des opérations, du reporting et de l’organisation d’Allianz Global Investors France en novembre 2008.Jean-Marc Voisin était directeur des systèmes d’information et logistique depuis 2005.
19/02/2010

Du changement dans le classement des gammes labellisées par le CIES

La gamme « Horizon Solidarité », gérée par Agicam, société de gestion d’actifs d’AG2R LA MONDIALE qui figure parmi les quatorze gammes d'épargne labellisées par le Comité Intersyndical de l’Epargne Salariale (CIES), a vu ses encours passer de 8 millions d’euros à 83 millions d’euros à fin 2009 après la labellisation l’année dernière d’un nouveau fonds « Horizon Solidarité monétaire ». De fait, la gamme pilotée par l’Agicam progresse de 6 places et se positionne à la 7ème place du classement en 2009.
19/02/2010
Fonds

Du changement chez Conseil Plus Gestion

Selon Citywire, Xavier Note, qui co-gérait le fonds Europe Provence avec Arnaud Roux chez Conseil Plus Gestion, a rejoint le bureau de Marseille de La Compagnie Financiere Edmond de Rothschild. Il a été remplacé par Bruno Marquier. Forent Bainier a par aiilleurs quitté Neville Gestion, indique Citywire.
Fonds
19/02/2010

CAC 40: les dividendes restent orientés à la baisse

Selon Les Echos, les groupes du CAC 40 ont versé 35,276 milliards d’euros à leurs actionnaires en 2009. Ils ont quasiment arrêté les rachats d’actions et versé des dividendes en baisse. La tendance ne devrait pas radicalement changer en 2010, même si le pire semble passé. Le recul des dividendes devrait être moins marqué.
19/02/2010
Fonds

Nouveau fonds ISF chez 123Venture

123Venture, société de gestion de capital-investissement vient d’annoncer le lancement du FCPR 123Capitalisation, un fonds ISF s’engageant à investir 100% des sommes collectées dans des PME éligibles afin d’offrir le taux maximum de réduction d’ISF autorisé par la règlementation. Soit 50% de leurs versements dans la limite de 20.000€ de réduction d’ISF par an. « Les sociétés financées seront, entre autres, actives dans les secteurs de la production d’électricité via des sources d’énergies renouvelables, exploitation de maisons de retraite, laboratoires d’analyses médicales, chaines de commerce de détail… », précise un communiqué de la société de gestion.Les investissements peuvent être cédés à partir de la fin de la 6ème année.Caractéristiques :Commissions de souscription : 5 % maximumFrais de gestion annuels : 3,95 %Montant minimum à la souscription : 1.000 euros
Fonds
19/02/2010

Société Générale et BNP Paribas au coude à coude pour les bonus

Si l’on rapporte les bonus des traders à la Société Générale et BNP Paribas aux revenus qu’ils ont générés dans les activités de marché, les taux de distribution des deux banques sont équivalents, entre 11 % et 12 %, note la Tribune.En revanche, en calculant la productivité par trader (revenus des activités de marché/opérateur), BNP Paribas réalise 2,25 millions d’euros par personne contre 1,85 million à la Société Générale, précise le quotidien.
19/02/2010

Asian capitals catching up with Paris

Les Echos reports that a study by OpinionWay and KPMG for the Paris Ile-de-France Capitale economic association has found that the Paris region still have a very good image among major international businesses, as 35% of these firms consider the city the most attractive, putting it in third place after New York (41%) and London (42%). In fourth place in the rankings, Shanghai receives only 14% of the vote. The association points out, however, that this is the first time that an Asian metropolis has appeared so high in the rankings. When realised investments, excluding mergers and acquisitions, are taken into account, London takes the top place with 270 deals, followed yb Shanghai (242), Hong Kong (231), Paris (191) and Beijing (149).
19/02/2010

Deutsche Bank plans to promote managed accounts

Deutsche Bank has announced that it has founded a dedicated sales team to develop global distribution of its managed accounts platform, to take advantage of growth in demand for alternative means of accessing hedge funds. The team is led by Daniel Caplan, who remains head of prime finance sales and capital introduction for Europe. The bank has also recruited Guillaume Mathais, who will be dedicated to sales of managed accounts. Mathais was head of distribution of managed accounts at Lyxor Asset management for the United Kingdom, the Netherlands and Scandinavia.
19/02/2010

L&G to offer longevity insurance to pension funds

Like Goldman Sachs, Credit Suisse and Deutsche Bank, Legal & General is beginning to offer pension funds insurance against longevity risks, the Financial Times reports. Prudential is soon expected to follow suit. British pension funds will this year insure themselves against about GBP15bn in liabilities to reduce the cost and volatility of defined-benefit savings plans, and two thirds of this insurance will be in the form of longevity swaps, the consulting agency Hymans Robertson estimates.
19/02/2010

Skagen to open a London office

Skagen, an independent Norwegian management company, will be opening an office in the West End of London early in the second quarter of 2010. The London office will be SKAGEN’s tenth office – in addition to the six in Norway, two in Sweden and one in Denmark.Stephen Millar has also been appointed Managing Director Skagen UK with responsibility for activities in the UK. He assumes his position on 15th February 2010. Stephen comes to Skagen from T. Rowe Price where he was Head of UK Institutional Business and Pan-European Investment Consultant Relations. The UK is «an important and growing market» for Skagen. It has almost GBP700 million under management, predominantly from institutional clients.
19/02/2010

GLG reduces losses

In 2009, the London-based alternative management firm GLG Partners lost USD319m, roughly half the losses it turned in for 2008, which totalled USD631m. Assets at the firm increased over the year by 47% to USD22.2bn, largely due to net subscriptions of USD3.2bn, of which USD2.6bn came through the acquisition of SGAM UK. Net revenues, however, declined by 39.2% to USD300.9m, as a large proportion of assets are now in long-only funds and managed accounts, which have lower management fees than alternative strategies.
19/02/2010

New executive team at Allianz GI France

Michel Haski has been appointed chief executive officer at Allianz Global Investors France. In a statement released on 17 February, Allianz GI states that Haski will also retain his responsibilities as chief executive officer of Allianz Global Investors Europe GmbH. At the same time, three deputy CEOs have also been appointed. They are: Franck Dixmier, in charge of investments; Johann Gaulier, in charge of human resources, compliance, internal controls and legal affairs, finance, and risk control; Christophe Mallet, in charge of development for networks. Lastly, Sylvie Bernard and Jean-Marc Voisin have been appointed as deputy CEOs. Bernard will be in charge of operations, reporting and organization, while Voisin will be in charge of IT systems. From May 2006, Haski was in charge of commercial development for Allianz Global Investors Europe GmbH, before becoming chief executive officer of Allianz Global Investors Europe GmbH in July 2008.
19/02/2010

Guggenheim Partners to retain SGI and Rydex brand names

Richard Goldman, CEO of Security Global Advisors (SGI) and Rydex SGI, has told Mutual Fund Wire that Guggenheim Partners, which has recently acquired the two firms for USD400m, is planning to retain the two brands. He is confident that the acquirer will help to finance planned development in 2010, and that recruitments are planned for sales, marketing and management teams. Currently, SGI and Rydex SGI (USD22bn) employ 275 people and offer three product lines: Rydex inverse and leveraged index-linked mutual funds and ETFs; fundamental alpha equities funds, and hedge fund products.
19/02/2010

Profits down at Morningstar

For the year 2009, Morningstar has posted a 4.7% decline in its earnings to USD479m, while operating profits are down 9.8% to USD125.3m. Net profits, meanwhile, contracted by 10.9% to USD82.45m. John Mansueto, chairman and CEO, says that 2009 was a challenging year for the firm. The decline in earnings is due to the loss of two key clients in investment management, the loss of revenues from Global Analyst Research Settlement (GARS), and a fall in earnings from Internet advertising.
19/02/2010

Lupus alpha scores a big name from AGI

Thomas Dittrich, one of the heads of Allianz Global Investors Advisory, is joining the independent management firm Lupus alpha, as a member of the executive board and senior relationship manager. He will be in charge of a sales team of nine people, who will aim to develop the institutional client base, without neglecting wealth management clients.
19/02/2010

Union Investment projects that a vintage year in 2009 has not offset all losses of 2008

In 2009, “a fiscal year crowned with success,” according to Rüdiger Ginsberg, chairman of the board, Union Investment, the central asset management firm for the German co-operative banks, earned net profits of EUR204m, compared with EUR143m in 2008, and EUR345m in 2007. Assets were up 15% to a total of EUR166bn as of the end of December, compared with EUR144.4bn twelve months previously, when they were down 17.7%. Net subscriptions last year totalled EUR10.7bn, compared with net outflows of EUR6.8bn in 2008, but net inflows in 2007 totalled EUR12.2bn. In detail, Union states that EUR1.9bn of net subscriptions went to open-ended funds (compared with net redemptions of EUR3.3bn in 2008), and a record EUR8.3bn went to institutional management (compared with outflows of EUR3.6bn). The manager also states that net inflows to open-ended real estate funds represented EUR2.6bn, the best results for the entire management sector in Germany. Union also attracted more than 135,000 clients for Riester retirement savings plans, where the UniProfiRente product has about 1.8 million subscribers. Guaranteed funds attracted about EUR2.5bn in net subscriptions, of which EUR1.9bn went to newly-launched products.
19/02/2010

Lombard Odier adds to sales staff

Frank Stefes, who was previously head of fund sales at Henderson Global Investors in Germany, on 1 January joined Lombard Odier, where he takes charge of sales of open-ended funds to wealth management clients, funds of funds, family offices, private banks, insurers, and IFA fund platforms.
19/02/2010

BT downgraded due to pension fund deficit

On Thursday, shares in BT lost 1.2%, to 115¾p per share, as the GBP9bn deficit of the firm’s pension fund led Standard & Poor’s to downgrade its rating of the group to one notch above junk. The move was unexpected, the Financial Times reports, as Moody’s and Fitch had decided to maintain their ratings of BT unchanged following the publication of the most recent figures for the pension fund. S&P estimates that BT’s decision to pay in up to GBP533m per year until 2029 will not be enough to reabsorb the deficit, but that it will penalise shareholders and limit the strategic options for the telecoms operator in a highly competitive sector.
19/02/2010

Brevan Howard to rectructure a UCITS III fund

According to Citywire, Brevan Howard is restructuring the Brevan Howard Absolute Return Bond Plus Fund, a UCITS III fund. In the latest newsletter for the fund, the London-based firm says: «Despite positive performance, there has been relatively little investor interest for the product in its current form». It adds: «We are therefore evaluating an investment strategy which is more closely aligned with the core investment exposures of Brevan Howard Master Fund Limited (…)».
19/02/2010

comdirect hopes to increase profits by one third in 2010

Pre-tax profits at comdirect bank (Commerzbank group) last year were down 2.3% compared with 2008, at EUR76m, on the back of a restructuring charge of EUR9m related to the closure of comdirect private finance and the effects of a support plan for ebase. Net profits were down 1.9% at EUR56.6m. Michel Mandel, chairman of the managing board, announced on Thursday that this year he is aiming for pre-tax profits of EUR100m. By 2013, he is aiming for EUR150m-EUR170m in profits, through an increase in the number of clients to 3 million, from 2.1 million presently, and an increase in assets under management or custody to EUR50bn. For B2C (direct banking) activities, assets under management or administration as of the end of December totalled EUR22.2bn, 9% more than one year previously, while B2B activities (ebase) gained 26.6% to EUR13.3bn.
19/02/2010

SEI aims for USd1bn in Islamic funds

st1:*{behavior:url(#ieooui) } The wealth management firm SEI is hoping that its four Sharia-compliant funds will be able to top USD1bn in assets in the next two to three years, a top head of the firm, Jahangir Aka, said yesterday at the Islamic finance and banking conference held by Reuters in Dubai.
19/02/2010

CAAM España chief takes over as head of Amundi

Michel Escalera, who was previously head of CAAM in Spain, will take over as head of Amundi for Spain and Portugal, Expansión reports. The new management firm born of the merger of CAAM and SGAM will be the second-largest foreign asset management firm in Spain, after JPMorgan AM, with EUR3.2bn in assets as of the end of September. Christina Regozzino will be head of sales for Amundi Spain, while Alfonso O’Donell, deputy director of SGAM Spain, will be leaving the firm to join Société Générale.
19/02/2010

Changes at Conseil Plus Gestion

According to Citywire, at Conseil Plus Gestion, Xavier Note, who co-managed the Europe Provence fund with Arnaud Roux, has left the company to join La Compagnie Financiere Edmond de Rothschild’s Marseille office. Note has been replaced by Bruno Marquier. Separately, Florent Bainier left the company Neville Gestion.
19/02/2010

ETF tracking error up sharply in 2009

According to a study of the performance of ETFs undertaken by Goldman Sachs, ETFs had an average tracking error last year of 1.25 percentage points against the indices they replicate, compared with 0.52% in 2008, the Wall Street Journal reports. Tracking errors of more than 3% were observed for 54 funds while only 4 funds had tracking errors at this level in 2008. Some funds missed their indices by more than 10%. Though the SPDR (SPY), the largest ETF on the market, finished the year only 0.19% behind the S&P 500, the iShares MSCI Emerging Markets Index ETF (EEM), which has USD40bn in assets, earned returns of 71.8% last year, while its benchmark gained 78.5%. The SPDR Barclays Capital High Yield ETF (JNK) was 1,300bps late on its index which gained 53.5%. But tracking errors are not always negative: the Vanguard Telecom Services ETF (VOX, USD200m) earned 29.6% returns, compared with 12.6% for the benchmark.
19/02/2010

Reyl releases an emerging markets bond fund in Switzerland

Agefi Switzerland reports that Reyl Emerging Debt Opportunities has obtained permission from the authorities to be released for sale in Switzerland. The fund will be managed by Raphael Kassin, a specialist in emerging markets and engaged debt at Reyl & Cie, who has been at the firm since 1 January. Kassin, formerly of ABN Amro and Credit Suisse, hopes to be able to raise up to CHF5bn in total for the product. He claims that bonds are a good means to invest in emerging markets such as Venezuela, as they reflect the attractive fundamentals of the countries, and offer more attractive returns.

Sujets d'actualité

Tous les sujets