Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
19/06/2013

SSgA to launch three actively-managed ETFs

P { margin-bottom: 0.08in; } State Street Global Advisors has submitted an application to launch three non-transparent actively-managed ETFs, Financial Times fund management reports, citing Ignites. The funds are SPDR SSgA Equity, SPDR SSgA Emerging Markets and SPDR SSgA Aggregate Bond. The ETFs will not reveal the contents of their portfolios on a daily basis.
19/06/2013

Oddo AM releases an RMB bond fund

P { margin-bottom: 0.08in; } Oddo Asset Management on 18 June announced the launch of a fund which provides access to bond markets denominated in the Chinese offshore currency, the renminbi (RMB). This is a further sign of the French asset management firm’s interest in the Asian market. As Newsmanagers reported on 15 November 2012, Oddo is also in the process of opening an office in Singapore. The Oddo Bonds China RMB fund is a sub-fund of the Luxembourg Sicav Oddo Funds, which will invest in high quality investment grade securities, denominated exclusively in offshore RMB, issued by public or private entities of any country. The investment universe of the fund includes 100 issuers. The partnership initiated one year ago with Guosen (HK) AM, one of the largest actors in the RMB bond market, assures Oddo privileged access to the knowledge of local issuers and the macroeconomic environment on the Chinese market. The performance of the fund is based on returns from securities denominated in RMB, as well as appeciation or depreciation of the Chinese currency against the selected currency of the fund (EUR, USD). The target allocation as of the end of May 2013 consisted of offshore RMB with an objective of 60-85%, RMB offshore savings certificates (HSBC, Standard Chartered), with an objective of 10-30%, and cash within a range from 5-10%. Primary characteristics of the fund ISIN code: CI-EUR: LU0922133151 Minimal initial subscription: EUR250,000 Subscription commission: Maximum 4% of net assets Set management fees, including tax: maximum 0.80% Performance commission: none
19/06/2013

Allianz GI adds to infrastructure debt team

P { margin-bottom: 0.08in; } Nicolas Lucas, vice president in infrastructure, power & utilities at Royal Bank of Scotland (RBS), is joining the infrastructure debt team at Allianz Global Investors (AGI) in a newly-created position in the area of execution, Investment Europe reports. He will report to Adrian Jones, director of infrastructure debt.AGI has also recruited Mark Ball as an associate on its infrastructure debt team. He had previously been an analyst on the acquisition & leveraged finance team at RBC Capital Markets.The two new recruits will be based in London.
19/06/2013

Bank of England appoints a Santander UK head as COO

P { margin-bottom: 0.08in; } Charlotte Hogg, head of retail distribution & intermediaries at Santander UK, was on 18 June appointed to the newly-created position of chief operating officer (COO) at the Bank of England. She will begin in her new position on 1 July, and will have an equivalent position and salary to the three sub-governors.Hogg was appointed by Mark Carney, who becomes governor of the Bank of England on 1 July.
19/06/2013

Three firms dominate LDI market

P { margin-bottom: 0.08in; } BlackRock, Legal & General Investment Management and Insight Investment dominate the liability-driven investment (LDI) market, Financial Times fund management reports, citing a report by KPMG. This market grew by 11% in 2012, to GBP446bn.
19/06/2013

New multi-family office created in London

P { margin-bottom: 0.08in; } Several top London-based financiers have teamed up to create a new multi-family office which aims to better align the interests of partners with those of clients, according to the family office specialist Campden FB. The associated funds are expected to represent a substantial portion of assets under management by the family office. The new structure, Holbein Partners, includes Cunningham Loewenstein Asset Management and the wealth management arm of MaxCap Partners, and includes on its team Rupert Loewenstein, famous for managing the assets of the Rolling Stones, and Steven Blakey, founder of the firm European Credit Management.
19/06/2013

GSA launches a fund with no performance fees

P { margin-bottom: 0.08in; } The UK hedge fund firm GSA Capital is planning to launch a new fund which will charge no performance fees, Financial News has learned. It will be a “trend-following” fund. Management fees for the fund have not been revealed.
19/06/2013

Source lists four ETPs in London

P { margin-bottom: 0.08in; } Source now has 11 products available in pounds sterling following the listing on the London Stock Exchange on 17 June of four ETPs. These include distribution and accumulation share classes in the Source Morningstar US Energy Infraastructure MLP UCITS ETF, which was launched recently, as well as those of the two largest sectoral US ETFs, Financials S&P US Select Sector Source ETF and Technology S&P Select Sector Source ETF.CharacteristicsName: Financials S&P US Select Sector Source ETFISIN code: IE00B42Q4896 Total expense ratio: 0.30% Name: Technology S&P US Select Sector Source ETFISIN code: IE00B3VSSL01Total expense ratio: 0.30%Name: Source Morningstar US Energy Infrastructure MLP UCITS ETF AISIN code: IE00B94ZB998Total expense ratio: 0.50% Name: Source Morningstar US Energy Infrastructure MLP UCITS ETF BISIN code: IE00B8CJW150Total expense ratio: 0.50%
19/06/2013

SSgA recruits in Asia

P { margin-bottom: 0.08in; } State Street Global Advisors (SSgA) is in the process of increasing its personnel in the Asia-Pacific region, including China, Asian Investor reports. In China, SSgA has formed a partnership with Zhongrong International Trust to create a joint venture entitled SSgA Fund, in which SSgA will hold a minority stake of 49%, as required by law. The joint venture will have 50 employees, of whom 20 will be investment professionals.
19/06/2013

Former trader indicted in Libor affair

P { margin-bottom: 0.08in; } The British Serious Fraud Office (SFO) on 18 June announced that it has made its first indictment in the Libor inter-bank lending rate manipulation scandal, of the former bank broker at UBS and Citigroup Tom Hayes. The Swiss bank UBS was last year sentenced to pay a fine of USD1.5bn to the United Kingdom and the United States for manipulating the rate, at the heart of a vast scandal involving several firms. Hayes has been indicted on eight charges of organised bank fraud, the SFO says in a statement. The 33-year-old man is one of three people who were arrested in December 2011 by the SFO and the London police.
19/06/2013

Threadneedle launches a multi-asset class fund

P { margin-bottom: 0.08in; } Toby Nangle, head of multi-asset allocation at Threadneedle Investments since January 2012, will work with Alex Lyle, head of managed funds and the asset allocation strategy group to manage the new Threadneedle Dynamic Real Return Fund. It is a long-only product which uses no leverage.The diversified portfolio may include equities, bonds, commodities, property, and alternative investments, with the objective of generating returns over three to five years similar to those of equities (CPI + 400 basis points) with only two thirds of the volatility over a cycle. Regardless of market conditions, the fund is designed to deliver positive returns over a maximal three-year period.Nangle predicts that the fnd will be highly popular with British pension funds in particular.CharacteristicsName: Threadneedle Dynamic Real Return FundISIN code:GB00B93TQ868 (retail Z accumulation shares)GB00B92GCX53 (institutional accumulation shares)Management fee:0.97% retail share class0.79% institutional share class
19/06/2013

New CEO at Norway's DNB AM

P { margin-bottom: 0.08in; } Lars Lövgren has been appointed as the new CEO of DNB Asset Management, the asset management firm of the Norwegian banking group, the Swedish website Fondbranschen reports. He succeeds Anders Jonsson, who left the firm after 23 years. Lövgren had previously been head of hedge funds at DNB.
19/06/2013

Malaysian sovereign fund seeks to raise USD1bn on stock market

P { margin-bottom: 0.08in; } The Malaysian sovereign fund, 1 Malaysia Development Bhd (1MDB), is planning to raise about USD1bn from an IPO of its energy assets, according to reports by the Dow Jones Newswires agency. Last year, 1MDB acquired the energy assets from the Malaysian magnate Ananda Krishnan, for USD2.7bn, and from the national energy arm of Genting Bhd, for USD730m, Dow Jones states. According to the agency, which cites sources familiar with the matter, the proceeds of the sale will go to pay off debts. Dow Jones provides no further details regarding the initial public offering in Kuala Lumpur, nor its expected date. The IPO confirms the dynamism of the Bursa Malaysia, which saw a wave of IPOs last year before a dip in activity during legislative elections in early May.
19/06/2013

NYSE Euronext lance l’indice CAC 40 Ext

NYSE Euronext élargit sa gamme d’indices en lançant le CAC 40 Ext, une réplique de l’indice national phare, avec des horaires de cotation étendus de 8h00 à 18h30. Le CAC 40 Ext est calculé à partir du cours du contrat à terme sur le CAC 40 ajusté des dividendes et des taux. Le CAC 40 Ext offre aux investisseurs un indicateursur l’évolution et le niveau du CAC 40®, véritable baromètre de l’économie française, en dehors de ses horaires de cotation, et leur permet ainsi de prendre position avant ou après l’ouverture et la fermeture du marché réglementé européen de NYSE Euronext.
19/06/2013

Carmignac Gestion accumule les profits

Le groupe a encore dégagé en 2012 un résultat net confortable, de 337 millions d'euros, ce qui en fait l'un des gestionnaires d'actifs les plus rentables
19/06/2013

Bercy transige sur les emprunts toxiques

Le gouvernement propose un fonds d’aide pour les collectivités aux prises avec des emprunts structurés, tout en prévoyant à l’automne une disposition législative pour protéger les banques contre des recours juridiques. L’abondement du fonds reste à négocier.
19/06/2013

Fusion en vue dans le trading à haute fréquence

Le quotidien croit savoir que les courtiers RGM Adivsors et Allston Trading ont entamé des discussions en vue d’un éventuel rapprochement. Le directeur général d’Allston Trading, Raj Mahajan, indique qu’il est «bien sûr» à l’écoute d’opportunités l’aidant à atteindre ses objectifs de croissance, mais ne souhaite pas commenter l’information concernant RGM Advisors.
19/06/2013

La Grèce veut accélérer les privatisations

Le gouvernement grec pourrait passer à la vitesse supérieure dans son processus de cession d’une participation dans ses principaux ports, ainsi que dans plusieurs autres actifs afin de combler le retard pris dans son programme de privatisations qui conditionne les aides internationales apportées au pays, indique le quotidien qui cite un entretien avec Stelios Stavridis, le responsable de l’agence de privatisation grecque.
19/06/2013

La banque Mirabaud affiche sa sérénité

Associé senior du groupe Mirabaud, Yves Mirabaud confie au quotidien que l’exercice 2012 s’est situé en termes de résultats «dans les dix meilleures années». Ce n’est pas rien pour une banque fondée en 1819 et installée en France depuis 2003, qui a atteint ses meilleurs résultats selon le dirigeant en 2007 et 2008. Elle a désormais dépassé ses niveaux d’actifs gérés d’avant-crise.
19/06/2013

Premier ETF en Chine

Guotai Asset Management devrait lancer une campagne de levée de fonds pour lancer l’un des deux ETF qui doivent être cotés à la Bourse de Shanghai. L’ETF sera investi au moins à 90% sur des contrats spot indexés sur le marché de l’or local. Une initiative qui pourrait soutenir le marché de l’or qui a fortement chuté ces dernières semaines.
19/06/2013

Hausse du déficit extérieur nippon

Le déficit commercial du Japon s’est creusé de 9,5% au mois de mai sur un an, à 993,9 milliards de yens (7,8 milliards d’euros), malgré une augmentation de la valeur des exportations de 10,1%. En dépit des efforts des autorités, le Japon encaisse son onzième mois de déficit consécutif, dû au renchérissement des importations provoqué par la baisse du yen.
19/06/2013

Le FESF verse 1,6 milliard d'euros à l'Irlande

Le Fonds européen de stabilité financière a effectué mardi un versement de 1,6 milliard d’euros au bénéfice de l’Irlande. Les fonds ont été transférés en numéraire et sous la forme d’un prêt arrivant à échéance en 2042. Avec ce versement, l’Irlande a désormais reçu 14,4 milliards d’euros du FESF sur une promesse de 17,7 milliards d’euros.
19/06/2013

Olli Rehn confiant sur la réforme des retraites en France

Le commissaire européen aux Affaires économiques et monétaires, Olli Rehn, s’est déclaré certain que la France adopterait une réforme ambitieuse de son système de retraites, une des conditions pour accorder à Paris un répit de deux ans pour ramener son déficit public à 3% du PIB. Le Finlandais est auditionné par la commission des Affaires étrangères et européennes de l’Assemblée nationale.
19/06/2013

Le mécanisme de supervision bancaire prend du retard

Le lancement du mécanisme unifié de supervision bancaire dans la zone euro, première étape vers l’union bancaire, risque d'être différé de trois mois, de juillet à septembre 2014, en raison de problèmes de calendrier. Les dirigeants de la zone euro se sont entendus pour que la BCE prenne en charge la supervision des banques afin d’assurer un meilleur suivi des grands établissements transfrontaliers.
19/06/2013

Mengniu propose de racheter un actif de Carlyle

Le premier fabricant chinois de produits laitiers a mis sur la table 12,5 milliards de dollars de Hong Kong (1,19 milliard d’euros) en vue de racheter 75% du capital de Yashili International Holdings, un groupe local spécialisé dans la nutrition infantile, à la famille dirigeante et à Carlyle. Mengniu rachètera le solde pour 3,50 dollars de Hong Kong par action.

Sujets d'actualité

Tous les sujets