Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
16/01/2014
Fonds

East Capital lance un fonds en actions A chinoises

La société de gestion suédoise East Capital, spécialiste des marchés émergents et frontières, vient de lancer le fonds East Capital China A-Shares Fund, investi dans des actions A libellées en renminbi et cotées sur les Bourses de Shanghai et Shenzhen.Le produit, enregistré au Luxembourg, est déjà entièrement souscrit, indique un communiqué de presse.Les activités asiatiques d’East Capital sont gérées depuis Stockholm et Hong Kong. La société de gestion est la première domiciliée en Europe du Nord à obtenir un quota de la State Administration of Foreign Exchange (SAFE) sous le programme Qualified Foreign Institutional Investor (QFII), précise le communiqué.
Fonds
16/01/2014

Anima prépare son entrée en Bourse

Le conseil d’administration d’Anima Management Holding, qui contrôle la société de gestion italienne Anima Sgr, a décidé de lancer son projet d’introduction à la Bourse de Milan. Selon des sources proches de la société recueillies par Bluerating, l’entrée en Bourse interviendra au printemps 2014 ou au plus tard en juillet.
16/01/2014

Hermes renforce son équipe marchés émergents

La société de gestion britannique Hermes Fund Managers muscle son équipe dédiée aux marchés émergents avec la nomination de Diego Mauro en tant que directeur et analyste senior en charge de l’Asie. Précédemment, Diego Mauro officiait à Londres chez Legg Mason International Equities, en charge de l’analyste des marchés émergents à l’échelle mondiale mais avec, déjà, une spécialisation sur l’Asie.
16/01/2014

Bond de 20 % des encours de Jupiter en 2013

Année faste en 2013 pour Jupiter Fund Management. L’an dernier, la société de gestion britannique – qui serait en passe de céder son activité de gestion privée (lire NewManagers du 14 janvier 2014) – a enregistré une progression de 20 % de ses actifs sous gestion, portant à 31,7 milliards de livres ses encours totaux, a annoncé le groupe le 15 janvier. Cette performance a été soutenue par une collecte nette cumulée sur ses fonds de 1,2 milliard de livres en 2013, dont 458 millions de livres de flux entrants sur le dernier trimestre de l’année.
16/01/2014

Skandia recrute son patron de la distribution au Royaume-Uni

Skandia renforce ses équipes au Royaume-Uni. La filiale du groupe Old Mutual vient de recruter Scott Goodsir au poste de responsable de la distribution pour le marché britannique. Il devrait rejoindre Skandia en mars. Jusque-là, Scott Goodsir était en charge de la division «wholesale» pour le Royaume-Uni chez BNY Mellon, société au sein de laquelle il a passé quinze années.
16/01/2014

Deutsche Bank suspends a trader for manipulation of currencies

Deutsche Bank has suspended “at least one” trader suspected of manipulations of the currency markets, the German newspaper “Die Welt” reports, citing sources close to the case. The employee named in the case was based in New York, and made currency trades on the Argentine peso, the newspaper writes, adding that other traders at the bank are also suspected of manipulation.
16/01/2014

Santander AM recruits a head of credit research

Santander Asset Management is adding to its bond unit, with the appointment of Adam Harnetty as head of credit research, in charge of European bonds. He will report to Adam Cordery, who was recruited in April 2013 from Schroders, to become head of European bonds, and will lead a team of four analysts. Harnetty, who has been present in the asset management sector for 25 years, previously worked as a fund manager at Schroders, Invesco, BNP Paribas Investment Partners, Kleinwort Benson and Ernst & Young.
16/01/2014

Growth in high yield issues of 50% in 2013

High yield issues by European corporates last year reached a record USd103bn, up 50% compared with the previous year, according to the January edition of a Moody’s publication (“High Yield Interest – European Edition”). The average quality of credit has continued to stabilize, with a ratio of falling/rising scores of 1.4 over second half, Moody’s reports. “The failures at some European companies at the end of the year were not unexpected, and do not fundamentally change the trend towards a stabilisation of credit,” says Chetan Modi, managing director in the “European leveraged finance” team at Moody’s. Germany has remained the largest European issuer in the high yield segment, which is dominated by the automotive sector. Germany may lose its top spot, however, due to the potential for many German companies to be upgraded to investment grade.
16/01/2014

M&G registers a fund in Sweden

M&G Investments has registered the M&G Income Allocation Fund for sale in Sweden, Fondbranschen reports. The fund is managed by Steven Andrew.
16/01/2014

GLG closes an emerging market bond fund

GLG is cutting back. The alternative management firm has decided to close one of its bond funds focused on emerging markets, entitled Emerging Markets Currency & Fixed Income Alternative Fund, Citywire reveals. The vehicle is far from having the success expected for it. In fact, it lost 1.92% in first half 2013, after modest gains of 0.69% in 2012, and a loss of 1.27% in 2011. Meanwhile, the fund has melted away like snow in the sunlight, shrinking from about GBP30bn (EUR36.1m) at the beginning of 2013, to less than GBP5m (EUR6m) at the time of its closing on 31 December 2013. The website reports that GLG had already closed an emerging market fund in August last year.
16/01/2014

UBS releases a new ETF on Deutsche Börse

UBS ETF on 15 January listed a new ETF for trading on Xetra, the dedicated platform from Deutsche Börse. UBS ETF MSCI USA hdg to EUR (ISIN IE00BD4TYG73) allows for exposure to the evolution of the MSCI USA index, while providing protection against currency risks, Deutsche Börse notes. The Xetra range includes 1,039 ETFs.
16/01/2014

Singapore money market authority recruits from Manulife

Desmond Lee, who had previously worked at the Canadian Manulife group, has joined the Monetary Authority of Singapore (MAS) as head portfolio manager, Citywire Asia reports. Lee, who had been head of research at Manulife Asia Wealth Management, will join a team of 10 people in the external fund management division, in the department responsible for the management of Singapore’s currency reserves. As of the end of November 2013, Singapore’s currency reserved totalled about USD271bn.
16/01/2014

Towards a limited increase in European securitisations in 2014

After a year in 2013 that appears to have been marked by a recovery in the European securitisation market, with increasing diversification of asset classes, countries and participants, 2014 may continue in this direction, the ratings agency Standard & Poor’s states, as it publishes projections for the various segments of structured finance, including RMBS, ABS, CMBS and structured credit. The ratings agency aims to be prudent, however, and is revising its European securitisations upward slightly this year, with a risk of downturn that has been called “significant,” largely due to several regulatory initiatives now in progress that may threaten the viability of this activity.
16/01/2014

Anima prepares its IPO

The board of directors at Anima Management Holding, which controls the Italian asset management firm Anima Sgr, has decided to announce plans to hold an IPO in Milan. According to sources close to the firm, reported by Bluerating, the offering may take place in spring 2014, or in July at the latest.
16/01/2014

Partners Group concludes an exceptional 2013

The Swiss private equity specialist Partners Group has reported a record year in 2013, both in terms of demand and investment. The group has raised EUR5.1bn, and meanwhile invested EUR7.7bn for its clients, according to a statement released on 15 January. The group states that it has invested throughout the spectrum of private equity, real estate, infrastructure and private debt. As of the end of December 2013, assets under management totalled EUR31.6bn. In the year 2014, Partners Group is planning to raise between EUR4.5bn and EUR6.5bn. In this context of strong growth, the group has announced several promotions on its teams. Juri Jenkner, co-head of private debt, has been promoted to partner. Gilbert de la Ferrière, head of investment solutions for France and head of the Paris office, has been promoted to managing director. Two other partners have been promoted at the same time: Gonzalo Fernandez Castro, head of private equity for Latin America and head of the Sao Paulo office, and Benjamin Haan, head of private infrastructure in Asia-Pacific, based in Sydney.
16/01/2014

iShares extends range of Swiss ETF bond funds

iShares, the exchange-traded fund (ETF) platform from BlackRock Inc., is adding to its range of bond ETFs domiciled in Switzerland, with the launch of the iShares CHF Corporate Bond (CH) ETF, according to a statement released on 15 January. The product becomes the most recent from the Swiss ETF platform at iShares, just six months after finalising its acquisition of the tracker fund activity of Credit Suisse. The fund, now listed on SIX Swiss Exchange, includes investment grade corporate bonds issued in Swiss francs by Swiss and international companies. It is a physical replication fund, whose management commission is 0.15%. According to Tom Fekete, head fo product development for the EMEA region at iShares, “this first bond ETF domiciled in Switzerland offers efficient and profitable exposure to this class of assets via a single transaction, and allows investors to profit from the difference in returns compared with bonds issued by the Swiss Confederation.” For his part, Christian Gast, director of iShares Switzerland, states that “demand for products denominated in Swiss francs remains strong, as our clients are seeking exposure in their national currency. At a time when Swiss investors previously had not had access to this asset class except through isolated bonds, this new fund allows them to acquire exposure to corporate bonds as part of a diversified, liquid portfolio.”
16/01/2014

Skandia recruits head of sales for United Kingdom

Skandia is adding to its teams in the United Kingdom. The affiliate of the Old Mutual group has recruited Scott Goodsir as head of distribution for the British market. He will join Skandia in March. Goodsir had previously been responsible for the wholesale division for the United Kingdom at BNY Mellon, a firm at which he spent 15 years.
16/01/2014

Hermes adds to its emerging markets team

The British asset management firm Hermes Fund Managers is adding to its team dedicated to emerging markets, with the appointment of Diego Mauro as director and senior analyst in charge of Asia. Mauro had previously worked in London at Legg Mason International Equities, in charge of analysis of emerging markets worldwide, but already specialised in Asia.
16/01/2014

Assets at Jupiter up 20% in 2013

It has been a good year in 2013 for Jupiter Fund Management. Last year, the British asset management firm, which will be preparing to sell its private asset management activity (see Newsmanagers of 14 January 2014), has posted growth of 20% in its assets under management, to GBP31.7bn in total assets, the group announced on 15 January. This performance was supported by a cumulative net inflow to mutual funds of GBP1.2bn in 2013, of which GBP458m are incoming flows in the final quarter of the year.
16/01/2014

NExT am to buy a 25% stake in Euryale AM

NExT AM, an affiliate dedicated to group stakes at La Française, will buy a minority stake of 25% in Euryale Asset Management. The two firms have formed a distribution partnership which reserves sales of the Pierval Santé fund to retail clients and IFAs exclusively at La Française.
16/01/2014

Record commissions and profits for BofA in fourth quarter 2013

Asset management and wealth management (GWIM) at Bank of America earned exceptional profits in the fourth quarter of its fiscal year. Net profits for the GWIM division rose 35% year on year, to USD777m, while earnings rose 7%, to USD4.5bn. Commission earnings alone rose 15%, to USD1.8bn. Assets under management as of the end of December totalled USD821.4bn, compared with USD698.1bn as of the end of December 2012. Long-term inflows rose USD9.4bn in the quarter to the end of December. For the year as a whole, inflows from long-term assets total a record USD47.8bn, up by USD21.4bn, or 81%, compared with the previous year. Profits for the group in fourth quarter totalled USD3.18bn, or 29 cents per share, compared with USD367m, or 3 cents, one year earlier, while pre-tax profits were affected by USD5bn in charges related to real estate credit.
16/01/2014

Assets in wealth and retirement at Wells Fargo up

The wealth management, brokerage and retirement unit of Wells Fargo in fourth quarter 2013 at the end of December had earned a net profit og USD490m, up 9% compared with third quarter 2013, and 40% up compared with fourth quarter 2012. Asstes of wealth management clients increased 4% to USD218bn, while assets in institutional retirement plans were up 3%, to USD298bn. Assets in individual retirement accounts (IRA), for their part, have posted a 5% increased, to USD341bn.
16/01/2014

Paamco appoints four partners

The hedge fund firm Pacific Alternative Asset Management Company (PAAMCO), which has USD15.6bn in assets under management, has promoted Ronan Cosgrave, Putri Pascualy, Anne-Gaelle Pouille and Jeffrey Williardson as partners, Hedge Week reports.
16/01/2014

Inflows to UCITS-compliant funds remained stable in November

Net sales of UCITS remained relatively steady in November attracting EUR 20 billion of net new cash, compared to EUR 21 billion in October, according to the European Fund and Asset Management Association (EFAMA).Long-term UCITS (UCITS excluding money market funds) registered net inflows of EUR 22 billion, compared to EUR 26 billion in October. Equity funds attracted net inflows of EUR 11 billion, down from EUR 15 billion in October, while bond funds registered net inflows of EUR 7 billion, compared to break-even point a month earlier. Net sales of balanced funds amounted to EUR 9 billion, compared to EUR 7 billion in October. Money market funds registered reduced net outflows in November of EUR 3 billion, down from EUR 5 billion in October. Total non-UCITS recorded net sales of EUR 12 billion in November, compared to EUR 19 billion in October. This decrease in net sales can be attributed to special funds (funds reserved to institutional investors) which registered net inflows of EUR 8 billion, down from EUR 18 billion in October. Total net assets of UCITS stood at EUR 6,923 billion at end November 2013, representing a 0.9 percent increase during the month. Total net assets of non-UCITS increased by 0.4 percent to stand at EUR 2,789 billion at month end.
16/01/2014

March Gestión adds to its equity management teams

March Gestión, an asset management affiliate of the Spanish Banca March group, has recruited Antonio López Silvestre as equity manager and head of selection for Spanish and European businesses. He will also join the asset management team responsible for the flagship funds from the firm, such as March Valores, March Vini Catena and the Family Business Fund. Before joining March Gestión, Silvestre was an equity analyst and chief investment officer for mid-sized businesses at Exane BNP Paribas from 2010 to 2013.
16/01/2014

Jeffrey Nadal joins EFA

Jeffrey Nadal is joining the Luxembourg-based administration services specialist European Fund Administration (EFA), as head of business development, according to a statement released on 15 January. Nadal, 39, has more than 15 years of experience in the investment fund sector, acquired in Luxembourg and the United States. After a visit to Arthur Andersen, Nadal joined RBC, where he specialised in the area of sales and Business Development, and where, between 2002 and 2013, he served in several high-level positions at the group.
16/01/2014

East Capital launches a Chinese A equities fund

East Capital, the Swedish asset manager specialised in emerging and frontier markets, has launched the East Capital China A-Shares Fund. The East Capital China A-Shares Fund, which invests in Renminbi-denominated A-shares listed on China’s mainland stock exchanges in Shanghai and Shenzhen, is registered in Luxembourg and already fully subscribed.East Capital is the first fund management firm domiciled in the Nordic region to receive a quota approval from the State Administration of Foreign Exchange (SAFE) under the Qualified Foreign Institutional Investor (QFII) programme, according to a press statement.

Sujets d'actualité

Tous les sujets