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

Hausse d'encours et de collecte pour Liontrust

Dans son «half year trading update», Liontrust Asset Management Plc rapporte qu’au 24 septembre son encours se montait à 3.413 millions de livres contre 3.265 millions au 1er juillet et 3.039 millions au 1er avril. Un an plus tôt, Liontrust gérait 2.364 millions de livres.Sur le premier semestre de l’exercice, les souscriptions nettes ont porté sur 312 millions de livres, dont 10 millions pour juillet-septembre, tandis que l’effet de marché s’avérait positif de 62 millions (il a été de 138 millions pour juillet-septembre). Pour avril-septembre 2012, les souscriptions nettes s'étaient montées à 151 millions de livres.Les chiffres publiés par Liontrust montrent que les souscriptions nettes du premier semestre de l’exercice à fin mars 2014 sont venues des fonds offshore (178 millions de livres) et des fonds retail (146 millions), alors que les fonds institutionnels accusaient une décollecte de 12 millions de livres.Au 24 septembre, les fonds institutionnels affichaient un encours de 513 millions de livres, pendant que les produits retail atteignaient 2.487 millions et les fonds offshore se montaient à 413 millions.
27/09/2013

F&C nomme un nouveau responsable de la gouvernance et de l’investissement durable

F&C Investments vient de nommer Vicki Bakhchi en tant que responsable de la gouvernance et de l’investissement durable (governance and sustainable investment ou GSI). Sa nomination intervient presque un an après le départ de Karina Litvack qui occupait ce poste préalablement au sein de la société de gestion britannique.Vicki Bakhchi, qui a rejoint F&C en 2006, fait partie de l’équipe GSI depuis plusieurs années. Elle était dernièrement responsable de l’engagement. Auparavant, elle a travaillé 5 ans au sein du gouvernement britannique, a été journaliste au Financial Times et économiste à la Banque d’Angleterre.
27/09/2013

Départ d’un gérant actions émergentes chez ING IM

ING Investment Managers a vu partir Gus Robertson, qui retourne en Afrique du Sud pour raisons familiales, et a dû en conséquence remanier son équipe actions marchés émergents, révèle Citywire Global. Nathan Griffiths devient gérant principal des fonds ING Global Emerging Markets et ING (L) Invest Emerging Europe. Ivo Luiten l’assistera sur le fonds. ING IM est en train de recruter un co-gérant à plein temps pour le Emerging Europe.
27/09/2013

Bestinver franchit les 3 % dans Acerinox

Le gestionnaire espagnol Bestinver (groupe Acciona) a déclaré le 24 septembre à la CNMV avoir porté le 18 septembre sa participation à 3,021 % des droits de vote d’Acerinox, ce qui représente actuellement un montant de plus de 65 millions d’euros. Bestinver devient ainsi le quatrième plus gros actionnaire d’Acerinox, dont la famille Del Pino a vendu 2 % au travers d’UBS il y a plus d’une semaine.
27/09/2013

BMO GAM installe une équipe à Hong Kong

Le gestionnaire d’actifs canadien BMO Global Asset Management est en train de recruter une équipe pour gérer une plate-forme de fonds domiciliés à Hong Kong, avec l’objectif de distribuer ces fonds en Chine une fois bouclé le projet d’accord de reconnaissance mutuelle des fonds ouverts, rapporte Asian Investor. Les premiers produits disponibles sur la plate-forme pourraient être des ETF, précise-t-on.BMO propose déjà une soixantaine d’ETF cotés à la Bourse de Toronto totalisant quelque 11,5 milliards de dollars.BMO envisage également de renforcer ses capacités de distribution en Asie.
27/09/2013
Fonds

Nordea lance des ETF de gestion active en Suède et Finlande

Nordea a lancé deux ETF de gestion active sur les Bourses de Stockholm et de Helsinki : Nordea Global Emerging Market Equities UCITS ETF et Nordea Stable Equities UCITS ETF, rapporte realtid.se. Il s’agit des premiers ETF à gestion active de ces pays, selon le journal suédois.
Fonds
27/09/2013

TPG acquiert la majorité dans Servhabitat auprès de CaixaBank

Le conseil d’administration de CaixaBank a donné son feu vert à la vente de 51 % de sa plate-forme de gestion immobilière, Servhabitat, au capital-investisseur Texas Pac ific Group (TPG) lequel reprend la gestion de tout le parc immobilier du groupe La Caixa pendant dix ans, rapporte Cinco Días. Cette transaction porte initialement sur 158,1 millions d’euros, mais la valorisation finale de la plate-forme pourrait au total varier entre 250 millions et 370 millions d’euros en fonction des transactions et de l’augmentation du volume immobilier ces quatre prochaines années. De la sorte, le prix finalement payé par TPG se situera dans une fourchette de 127,5-188,5 millions d’euros.CaixaBank, en tout état de cause, compte sur une plus-value consolidée de 255 millions d’euros.
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

Nearly one out of three new German funds survive for less than five years

Of 9,928 funds launched n Germany from 1 January 2000 until the end of 2012, 14.7% did not make it to their third birthday, 21.8% were closed in four years, and 28.7% had to be liquidated without being able to complete their fith year. The main reason for these high attrition rates calculated by the Berlin-based ratings agency Scope is inadequate performance.The newly-created funds only very rarely offer results higher than those of already existing products, which is often due to a lack of genuine innovation in the concepts, and also to a high level of cost compared with the limited volume of assets in the new funds.The categories of funds most severely affected by liquidations are money markets and equities, with attrition rates of 38.1% and 29.8% after five years, respectively.
27/09/2013

FinanceCom AM launches an African equity fund

FinanceCom Asset Management has launched the FCOM Africa fund, managed under an outsourcing mndate to RMA Capital, a local player whose assets under managemen total USD5bn. The French-registered, UCITS IV fund is invested in shares in African companies and international businesses which operate primarily in Africa, and which cover a large part of the continent (Nigeria, Souuth Africa, Morocco, Kenya, Ghana, etc.). “With initial assets of EUR20m, the fund is expected to soon see its assets increase due to the rising interest of investors in this geographical region,” according to FinanceCom.
27/09/2013

Franklin Templeton launches a bond fund

Franklin Templeton has launched an investment-grade bond fund,, which will be managed by Sonal Desai, portfolio manager and also director of research in the international bonds department, Citywire Global reports. The Templeton Constrained Bond Fund will be co-managed by Christine Zu. Desi will concentrate primarily on fixed or variable rate debt securities, including bonds from outside the investment grade category, as well as debt issued by government or semi-government agencies worldwide. Desai will also be able to invets in bonds issued by supra-national organisations such as the International Bank of Reconstruction and Development (IBRD) and the European Investment Bank. Investment grade bonds will represent most of the portfolio, but up to 15% of assets may be invested in securities outside investment grade.
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

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

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

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

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

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

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

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

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

Cost of settling lawsuits against JP Morgan may run to USD11bn

The cost of settling the multiple lawsuits opposing the bank JPMorgan Chase and US regulators may total USD11bn, several English-language newspapers estimate, citing sources close to the negotiations. The payment of such a fine, by far the largest ever paid by a business in the United States, would allow the New York bank to settle several civil and criminal charges. According to the Financial Times, the Washington Post and the Wall Street Journal, JPMorgan may be fined USD7bn in case, and required to modify the terms of poorly-designed real estate loans subscribed to by troubled families to the tune of USD4bn. The US attorney general, eric Holder, refused to make an initial offer to JP Morgan of USD3bn, according to the Wall Street Journal, and the talks still remain highly uncertain, without a guarantee of success. The bank is primarily hoping to avoid a criminal case, which would complicate talks, and has been highly reticent to admit that its behaviour may have been at fault in the various cases. In addition to the attorney general, the talks involve the Federal Housing Finance Agency, and the New York state prosecutor, as the bank is based in that state. JPMorgan, which has long appeared to be the US bank that best overcame the sub-prime crisis, has already paid USD5.3bn in penalties to settle various lawsuits related to its real estate credit sales policies, the Financial Times reports.
27/09/2013

Former Madoff accountant indicted

Paul Konigsberg, who was the accountant for Bernard Madoff for a long time, was indicted on Thursday for keeping false books, which allowed Madoff to cover up his fraud for decades, the Wall Street Journal reports. Konigsberg pleaded not guilty.
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.

Sujets d'actualité

Tous les sujets