Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
27/09/2013

Prudential issues infrastructure fund

Prudential Investments, an affiliate of Prudential Financial, has announced the launch of the Prudential Jennison Global Infrastrucure Fund (NASDAQ ticker: PGJAX), a fund which invests primarily in global listed equity of companies active in infrastructure and associated sectors.The product is managed by Shaun Hong and Bobby Edmeka, portfolio managers at Jennison Associates, with the assistance of three analysts. The portfolio will include 70 to 90 positions, and the benchmark index is the S&P Global Infrastructure, but the managers use an absolute return strategy which allows them to include shares which are from outside this perimeter.The fund carries a front-end fee of 5.5%, and a total expense ratio capped to 1.50%.
27/09/2013

Parametric issues balanced risk allocation fund

Jack Hansen, CIO, and Thomas Lee, portfolio manager at The Clifton group, are the managers of the new Parametric Balanced Risk Fund (tickers, EAPBX, for investor shares, and EIPBX for institutional shares), a mutual fund from Eaton Vance, the parent company of Parametric (USD107.2bn), of which Clifton is an affiliate.The absolute return product uses a risk parity strategy to allocate to the main asset classes of global equities, global real estate, global credit spreads, commodities, global bonds, inflation-linked bonds, precious metals, and volatility.Allocation is steered according to the volatility anticipated over the long term for each asset class, with the management team working to preserve a level of contribution to portfolio risk which is measurably equal between the various asset classes.
27/09/2013

HSBC GAM releases ETF dedicated to Asia ex Japan

HSBC Global Asset Management will launch an ETF dedicated to Asia ex Japan with a total expense ratio of 0.6%, Investment Week reports. The HSBC MSCI AC Far East ex-Japan ETF will replicate the performance of the corresponding MSCI index, which includes mid- to large-sized businesses in developed and emerging Asia. The ETF, which is expected to be launched on Friday, will be domiciled in Ireland, and listed on the London Stock Exchange and Deutsche Börse. It will be registered in several European countries, including the United Kingdom, France, Germany, Ireland, the Netherlands, Spain, Sweden and Austria.
27/09/2013

F&C appoints a new head of governance and sustainable development

F&C Investments has announced the appointment of Vicki Bakhshi as head of governance and sustainable investment (GSI). Her appointment comes almost a year after the departure of Karina Litvack who had this position.Vicki Bakhshi joined F&C in 2006 and has been a senior member of the GSI team for a number of years, including most recently as head of engagement. Prior to joining F&C, she spent five years in the UK government. She has also worked as a writer at the Financial Times, and as an economist at the Bank of England.
27/09/2013

Assets and inflows up at Liontrust

In its half year trading update, Liontrust Asset Management plc reports that as of 24 Septemer, its assets totalled GBP3.413bn, compared with GBP3.265bn as of 1 July, and GBP3.039bn as of 1 April. One year previously, Liontrust had GBP2.364bn in assets under management.In the first half of its fiscal year, net subscriptions totalled GBP312m, of which GBP10m were in July-September, while market effects were positive to the tune of GBP62m (they were GBP138m in July-September). In April-September 2012, net subscriptions totalled GBP151m.Figures released by Liontrust reveal that net subscriptions in the first half of the fiscal year to the end of March 2014 came from offshore funds (GBP178m0 and retail funds (GBP146m), while institutional funds had outflows of GBP12m.As of 24 September, institutional funds had assets of GBP513m, while retail products had GBP2.487bn, and offshore funds had GBP413m.
27/09/2013

JPMorgan AM recruits from the BBC

Investment Week reports that JPMorgan Asset Management has recruited the economic editorialist Sophie Flanders from the BBC as its chief market strategist for the United Kingdom and Europe. She will be based in London, and will report to David Kelly, chief global strategist at JPMorgan Funds.
27/09/2013

401(k) plans: iShares, Vanguard and WPDR take top spots

BrightScope, an independent provider of financial information and investment research, has published a list for the first time of the 20 ETFs that are most often included in the portfolios of 401(k) retirement plans and defined contribution pension funds.On the list below, the top three ETF promoters, iShares (BlackRock), Vanguard and SPD (State Street Global Advisors) account for 19 of the places on the list, with the only exception being a fund from iPath (Barclays).1. Vanguard Total Bond Market (ticker: BND)2. SPDR S&P 500 (SPY)3. iShares Russell 2000 Index (IWM)4. Vanguard Total International Stock (VXUS)5. iShares Russell 1000 Value Index (IWD)6. iShares Core Total US Bond Market (AGG)7. iShares Russell 1000 Growth Index (IWF)8. Vanguard S&P Small-Cap 600 Index (VIOO)9. iShares S&P 500 Index (IVV)10. Vanguard Small Cap Growth (VBK)11. iShares MSCI EAFE Index (EFA)12. Vanguard Value (VTV)13. iShares iBoxx $ Investment Grade Corporate Bond (LQD)14. SPDR Gold Shares (GLD)15. Vanguard S&P 500 (VOO)16. iShares Russell Midcap Value Index (IWS)17. iShares Barclays TIPS Bond (TIP)18. Vanguard REIT Index (VNQ)19. iPath Dow Jones-UBS Commodity Index Total Return (DJP)20. iShares S&P MidCap 400 Index (IJH)
27/09/2013

Departure of an emerging markets equity manager from ING IM

ING Investment Managers has seen the departure of Gus Robertson, who will be returning to South Africa for family reasons, and has consequently had to overhaul its emerging markets equity team, Citywire Global reports. Nathan Griffiths becomes principal manager of the ING Global Emerging Markets and ING (L) Invest Emerging Europe funds. Ivo Luiten will assist with the fund, while ING IM is in the process of recruiting a full-time co-manager for the Emerging Europe fund.
27/09/2013

Schroders welcomes Avoca fund on its GAIA platform

In November, the Schroder GAIA (Global Alternative Investor Access EUR1.8bn in assets) platform will gain a sixth UCITS-compliant hedge fund, the Schroder GAIA Avoca Credit fund, from Avoca Capital Management LLP (EUR6bn), managed by Simon Thorp and James Sclater, who have been responsible for the strategy for 13 years. The UCITS-compliant Avoca Credit Absolute Return Fund will at that time be absorbed into the new Schroder GAIA Avoca Credit fund.The return objective is 7-10% per year, excluding fees. The fund, with no benchmark index, will focus on corporate and financial sector bonds from the entire world, including emerging markets. The long/short credit team at Avoca will use the same strategy as for the Avoca fund, whose net returns since 2002 have been 9.8% per year. In other words, the management team will invest in corporate bonds, CDS, credit indices, options on investment-grade indices and high yield, as well as sovereign debt.
27/09/2013

Lazard Frères Gestion bets on recovery

Expansión reports that Lazard Frères Gestion has launched the Objectif Recovery Eurozone fund, which invests in businesses with over EUR100m in capitalisation, and which have the highest potential for revalutation in the event of a recovery in the euro zone. As of 30 August, it was 27% invested in 13 Spanish equities, such as Atresmedia and Iberdrola. Among the other positions are Unicredito, Enel and Peugeot.
27/09/2013

Neuberger Berman launches an absolute return bond fund

Neuberger Berman has mandated Jon Jonsson to manage a global absolute return bond fund, Neuberger Berman Global Bond Absolute Return, Citywire Global reports. Jonsson, who joined the firm in London from JP Morgan at the end of August, will manage the new fund with Andy Johnson. The fund will have seed capital of USD42m.
27/09/2013

Safra Sarasin recruits for its sustainable analysis unit

On 26 September, the J. Safra Sarasin Bank announced the appointment of Pierin Menzli as director of its sustainable analysis department. He will begin on 1 November 2013. Menzli is co-founder of Contrast Capital and the former head of the analysis department at SAM Sustainable Asset Management AG.He will be joined by Philipp Mettler, a specialist in sustainable development previously responsible for financial analysis at ALNUA Investment Managers, and a senior equity analyst at SAM Sustainable Asset Management AG.Sarasin has also announced that it has signed a long-term contract with Contrast Capital, an invesment adviser specialised in sustainable investment solutions. According to a statement, “the objective with these appointments and this strategic mandate is to consolidate its dominant position in investment banking in the sustainable area and to develop key competences, while raising its investment philosophy to a higher level in order to satisfy the ever-more exacting requirements of clients.”
27/09/2013

Nordea launches actively-managed ETFs in Sweden and Finland

Nordea has launched two actively-managed ETFs on the Stockholm and Helsinki stock exchanges: Nordea Global Emerging Market Equities UCITS ETF and Nordea Stable Equities UCITS ETF, realtid.se reports. They are the first actively-managed ETFs from these countries, according to the Swedish newspaper.
27/09/2013

BMO GAM installs a team in Hong Kong

The Canadian asset management firm BMO Global Asset Management is in the process of recruiting a team to manage a fund platform domiciled in Hong Kong, with the objective of selling the funds in China once the project has received permission to sell open-ended mutual funds, Asian Investor reports. The products available for the platform may be ETFs, it is said. BMO already offers 60 ETFs listed on the Toronto stock exchange, totalling about USD11.5bn. BMO is also planning to add to its distribution capacities in Asia.
27/09/2013

Eaton Vance forms a partnership with Daishin Securities

The US asset management firm Eaton Vance has signed a co-operation agreement with the Korean firm Daishin Secuities, which will help it to sell its products on the local market, particularly its floating interest rate loan strategies, Asian Investor reports.
27/09/2013

SAC Capital posts returns of 13% since the beginning of the year

The hedge fund from Steve Cohen, SAC Capital Advisors, whose assets under maangement total about USD14bn, has from the beginning of the year to 20 September posted returns of about 13%, the news agency Reuters reports. Despite its legal troubles, Cohen has done considerably better than the average hedge fund, which posts growth of only 4% for the year to the end of August, whle the S&P index is up by about 15%.
27/09/2013

GSAM acquires portfolio from DeAWM

The “stable value” operation from Deutsche Asset & Wealth Management (DeAWM) in the United States, with assets under administration of USD21.6bn as of 30 June, has been acquired by Goldman Sachs Asset Management (GSAM) for an undisclosed total.The stable value activity is a special fixed income niche, which is used for 401(k) type retirement savings plans. GSAM in July announced plans to set up a collective trust for stable value.The stable value funds are capital preservation instruments which invest in diversified and high quality bond portfolios protected from the volatility of interest rates by way of wrap contracts with banks and insurers.
27/09/2013

BNY Mellon hire exec from Eaton Vance

Paul Nobile, chief marketing officer at Eaton Vance, has been appointed as chief marketing officer of the investment management unit at BNY Mellon. He will be based in New York, and will report to PeterPaul Pardi, global head of distribution, and R. Jeep Bryant, executive vice president for marketing & corporate affairs.From 1997 to 2009, Nobile worked for Barclays Global Investors in San Francisco, most recently as managing director and head of brand marketing for the iShares ETF brand.
27/09/2013

Caceis retained by the German fund promoter reconcept

reconcept GmbH, a promoter of closed funds which invest in renewable energies, has selected Caceis in Germany as its depository, according to a statement released on 26 September. Since the beginning of July 2013, Caceis has been the depository controller for actively-managed funds from the firm which invest in wind energy. With the introduction of the AIFM directive and the German Kapitalanlagegesetzbuch, Caceis has extended the perimeter of the services it offers to reconcept and helped it to adhere to the deadline to comply with legislation. Caceis has EUR2.5vn in assets under custody, and EUR1.25bn in assets under administration.
27/09/2013

individus fortunés

Investable wealth of the world’s HNWIs rebounded in 2012, growing by 10% to reach a record high ofUSD$46.2 trillion after declining 1.7%in 2011, according to the new World Wealth Report 2013 from Cap Gemini and RBC Wealth Management. One million individuals joined the global HNWI population, which reached 12 million, reflecting an increase of 9.2%. All regions experienced strong growth in HNWI population and wealth except Latin America, which led growth in 2011 but faltered in 2012 due to slow GDP growth and challenged equity markets. Asset allocation trends followed the preservation tr
27/09/2013

Safra Sarasin renforce son pôle analyse durable

Le 26 septembre, la Banque J. Safra Sarasin a annoncé la nomination de Pierin Menzli à la direction de son service d’analyse durable. Il prendra ses fonctions le 1er novembre 2013. L’intéressé est cofondateur de Contrast Capital et ancien responsable du service d’analyse de SAM Sustainable Asset Management AG.Il sera rejoint par Philipp Mettler, spécialiste du développement durable précédemment responsable de l’analyse financière chez ALNUA Investment Managers et analyste actions senior chez SAM Sustainable Asset Management AG.En outre, J. Safra Sarasin indique avoir conclu un mandat de long terme avec Contrast Capital, un conseiller en placement spécialiste des solutions de placement durables.Selon un communiqué «l’objectif de ces nominations et de ce mandat stratégique est de consolider la position dominante de la banque dans le domaine de l’investissement durable et de développer ses compétences clés en élevant sa philosophie d’investissement à un niveau supérieur afin de satisfaire les exigences toujours plus pointues des clients». Les principales activités de ce partenariat seront les suivantes :- Intégrer les principes du développement durable dans toutes les étapes du processus de placement- Renforcer le lien entre la démarche durable et la méthodologie de l’analyse financière- Proposer des solutions d’investissement durable sur mesure aux clients.En Suisse, le volume des investissements durables est passé de 10,7 milliards de francs à 48,5 milliards entre 2005 et 2012 ; la part de marché de la Banque J. Safra Sarasin atteint 38% (source: FNG 2012).
27/09/2013
Fonds

FinanceCom AM lance un fonds d'actions africaines

FinanceCom Asset Management vient de lancer le fonds FCOM Africa, géré en délégation de gestion à RMA Capital, un acteur local dont les actifs sous gestion s'élèvent à 5 milliards de dollars. Ce fonds UCITS IV de droit français est investi en actions de sociétés africaines et d’entreprises internationales opérant principalement en Afrique et couvre une grande partie du continent (Nigéria, Afrique du Sud, Maroc, Kenya, Ghana, …). «Avec un encours initial de 20 millions d’euros, le fonds devrait rapidement voir ses encours croître compte tenu de l’intérêt croissant des investisseurs pour cette zone géographique», selon FinanceCom.
Fonds
27/09/2013

Fidelity ouvre une agence de la plate-forme FFB à Vienne

A compter de novembre 2013, les comptes des clients autrichiens de Fidelity seront transférés de Luxembourg à Vienne, auprès de la succursale que Fidelity Worldwide Investment vient d’ouvrir en Autriche avec le lancement de la plate-forme de fonds FFB (FIL Fondsbank GmbH) dont la direction a été confiée à Ronald Holzmann.Les frais de tenue de compte se monteront à compter du 1er janvier 2014 à 0,25 % du montant moyen des actifs, avec un minimum de 25 euros et un maximum de 45 euros par an. Les transactions sont facturées 2 euros à l’unité, qu’il s’agisse d’un achat ou d’une vente. Les transferts d’un compte à l’autre, les comptes d'épargne ainsi que le réinvestissement automatique des distributions de dividendes sont gratuits.
27/09/2013
Fonds

Prudential propose un fonds d'infrastructures

Filiale de Prudential Financial, Prudential Investments a annoncé le lancement du Prudential Jennison Global Infrastructure Fund (code ménmonique sur le NASDAQ : PGJAX), un fonds investissant principalement en valeurs cotées du monde entier actives dans les infrastructures et les secteurs connexes.Ce produit est confié à Shaun Hong et Bobby Edemeka, gérants de portefeuille chez Jennison Associates, assistés de trois analystes. Le portefeuille comprendra entre 70 et 90 lignes et l’indice de reference est le S&P Global Infrastructure, mais les gérants mettent en oeuvre une stratégie de performance absolue qui les autorise à intégrer des valeurs qui se trouvent à l’extérieur de ce périmètre.Le fonds comporte un droit d’entrée de 5,5 % et un taux de frais sur encours plafonné à 1,50 %.
Fonds
27/09/2013
Fonds

Franklin Templeton lance un fonds obligataire

Franklin Templeton vient de lancer un fonds obligataire investment grade qui sera géré par Sonal Desai, gérante de portefeuille et aussi directrice de la recherche au sein du département obligations internationales, rapporte Citywire Global.Le Templeton Constrained Bond fund sera co-géré par Christine Zu. Sonal Desai se concentrera principalement sur les titres de dette à taux fixes ou variables, y compris les obligations hors catégorie d’investissement, ainsi que la dette émise par les entités gouvernementales ou semi-gouvernementales à travers le monde.Sonal Desai pourra aussi investir dans les obligations émises par des organismes supranationaux comme la Banque internationale pour la reconstruction et le développement (BIRD) ou la Banque européenne d’investissement.Les obligations en catégorie d’investissement constitueront l’essentiel du portefeuille mais jusqu'à 15% des actifs pourront être investis dans des titres hors catégorie d’investissement.
Fonds
27/09/2013

GSAM acquiert un portefeuille auprès de DeAWM

L’activité «stable value» de Deutsche Asset & Wealth Management (DeAWM) aux Etats-Unis, avec un encours sous administration de 21,6 milliards de dollars au 30 juin, a été achetée par Goldman Sachs Asset management (GSAM) pour un montant non divulgué.Le «stable value» correspond à une niche du segment obligataire qui est utilisée pour les plans d'épargne retraite du type 401(k). GSAM a annoncé en juillet son intention de mettre sur pied un collective trust pour le stable value.Les fonds stable value sont des instruments de préservation du capital investis dans des portefeuilles obligataires diversifiés et de haute qualité qui sont protégés de la volatilité des taux d’intérêt par des contrats «wrap contracts» conclus avec des banques et des compagnies d’assurances.
27/09/2013
Fonds

Parametric propose un fonds d'allocation à risque équilibré

Jack Hansen, CIO, et Thomas Lee, gérant de portefeuille de The Clifton Group, sont les gérants du nouveau Parametric Balanced Risk Fund*, un mutual fund d’Eaton Vance (la maison-mère de Parametric (107,2 milliards de dollars), dont Clifton est une filiale).Ce produit de performance absolue met en œuvre une stratégie de parité de risque en allouant des poches aux principales classes d’actifs que sont les actions mondiales, l’immobilier mondial, les spreads de crédit mondial, les matières premières, les obligations mondiales, les obligations indexées sur l’inflation, les métaux précieux et la volatilité.L’allocation est pilotée en fonction de la volatilité anticipée sur le long terme pour chaque classe d’actifs, l'équipe de gestion veillant à préserver un niveau de contribution au risque du portefeuille sensiblement égal entre les diverses classes d’actifs.* codes mnémoniques : EAPBX (parts investor) EIPBX (parts institutionnelles)
Fonds
27/09/2013

NextStage lance le premier FCPR agréé éligible au remploi des plus-values de cession

NextStage a annoncé le 26 septembre le lancement du premier FCPR agréé et éligible au remploi des plus-values de cession: le «FCPR NextStage Rendement». Dans un contexte de pression fiscale accrue, ce FCPR permet de bénéficier du nouveau régime d’exonération des plus-values de cession, réalisées par les entrepreneurs et les actionnaires."Face à la fuite de nos entrepreneurs français vers l’étranger lors des cessions de leur entreprise, nous avons décidé de créer le FCPR NextStage Rendement pour leur permettre d’être exonéré de leur plus-value de cession et de participer à nouveau activement au financement de l’économie réelle», déclarent Grégoire Sentilhes et Jean David Haas, Président et Directeur Général de NextStage. Au-delà des avantages fiscaux pour les entrepreneurs, les clients privés, souhaitant diversifier leur patrimoine dans les PME et participer à une aventure entrepreneuriale unique, pourront également avoir un accès privilégié au Comité des Investisseurs. Ce Comité permettra d’avoir un réel suivi des investissements réalisés par le FCPR et d’échanger avec les entrepreneurs ainsi qu’avec les gérants de NextStage. Principales caractéristiques: FCPR agréé par l’AMF le 17 septembre 2013 sous le numéro FCR20130002 Code ISIN (part A) : FR0011554963 Valeur initiale (part A): 1€ Souscription minimale 30000€ Période de souscription: 1er closing: 31/12/2013 / Closing final: 31/12/2014 Rachats en cas de décès et d’invalidité Carried interest : 20% de la plus-value si le fonds rembourse 130% minimum du nominal investi Frais d’entrée: 5% max Frais de gestion: 2,5% VL semestrielle Dépositaire : Société Générale Commissaire aux Comptes : KPMG
27/09/2013

Caceis mandaté par le promoteur de fonds allemand reconcept

reconcept GmbH, promoteur de fonds fermés investis dans l'énergie renouvelable, a choisi Caceis en Allemagne comme dépositaire, selon un communiqué publié le 26 septembre. Depuis début juillet 2013, Caceis exerce le contrôle dépositaire des fonds actifs de la société, investis dans l'énergie éolienne. Avec l’entrée en vigueur de la directive AIFM et du «Kapitalanlagegesetzbuch» allemand, Caceis a en effet élargi le périmètre des services délivrés à reconcept et l’a aidé à respecter le calendrier de mise en œuvre de la législation. Caceis affiche 2.500 milliards d’euros d’actifs en conservation et 1.250 milliards d’euros d’actifs sous administration.
27/09/2013

Eaton Vance conclut un partenariat avec Daishin Securities

Le gestionnaire d’actifs américain Eaton Vance vient de signer un accord de coopération avec la firme coréenne Daishin Securities qui va l’aider à distribuer ses produits sur le marché local, notamment ses stratégies sur les prêts à taux flottants, rapporte Asian Investor.

Sujets d'actualité

Tous les sujets