Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
11/02/2013

Credit Suisse appoints vice chairman of AM for Asia

Credit Suisse has appointed Neil Harvey as its vice chairman for the asset management unit in the Asia-Pacific region, Asian Investor reports. He remains as co-CEO for Greater China and CEO for Hong Kong. The appointment was announced internally on 8 February.
11/02/2013

Asian hedge funds attract investors

The Asian hedge fund sector finished the year 2012 very well, with 7.5% growth in capital invested, according to estimates published in the HFR Asian Hedge Fund Industry Report. Assets invested in the Asian sector totalled USD88.25bn, their highest level since 2007. Assets under management increased by USd3.9bn in fourth quarter 2012, due to net inflows of USD1.17bn, which were concentrated on emerging Asia. The HFRX China index posted returns of 8% in fourth quarter, and 9.4% for the year as a whole. The HFRX India index, for its part, gained 4.3% in fourth quarter, and 27.6% over the year as a whole. The total number of Asian hedge funds rose 5.3% in 2012, to 1,150, nearly one third of which (31.7%) were domiciled in China. Hedge funds based in Japan and India also increased, while the population of funds based in Singapore and Australia declined.
11/02/2013

IOSCO launches consultation on protection of client assets

The International Organisatino of Securities Commissions (IOSCO) on 8 February published a consultation document, which proposes a series of recommendations to protect client assets. The principles proposed by IOSCO include a number of means for regulators to improve supervision of intermediaries who hold assets for clients, clarifying the roles of intermediaries and the regulator in the protection of these assets. The consultation will remain open until 25 March.
11/02/2013

Investors rediscover French equities

After a turbulent beginning to the year, equity funds have continued to attract investors, but at a more modest pace. The remarkable fact of the first few days of February is that investors once again appear to be showing an appetite for French equities, which had become less popular through most of 2012, and which have posted their highest inflows since third quarter 2011, EPFR Global reports.European equity funds overall finished the week to 6 February will outflows, of a modest USD264m, however, according to estimates by EPFR Global. Worldwide, equity funds finished the week to 6 February with net inflows of USD6.56bn.Emerging market equity funds continued to attract significant inflows with a market interest in Chinese and siversified funds, as well as certain niche markets, such as Colombia, the Philippines, and Vietnam.Another centre of investor interest is real estate funds, which continued to attract investors in early February, and which have posted net inflows of nearly USD4bn since the beginning of the year.Bond funds attracted a further USD1.08bn. Diversified bond funds did well, with cumulative net inflows since the beginning of the year of nearly USD6bn.
11/02/2013

Steep decline in default rates in Europe in January

In Europe, the default rate for businesses rated speculative grade came to 1.4% in January, compared with 1.8% in December, and 3.3% in January 2012, according to statistics from the financial ratings agency Moody’s.In the United States, the default rate fell back to 3% in January from 3.3% in December 2012, and 2.3% in January 2012.Worldwide, the default rate for businesses rated speculative grade, which at the end of January stood at 2.5%, may come out to 2.7% by the end of the year, a level which would be well below the average of 4.3% observed since 1983, according to Moody’s.
11/02/2013

New head for Sarasin Germany

Nils Ossenbrink, COO for asset management and the products & sales division, as well as head of products for development and provision of all products from the Swiss group J. Safra Sarasin, has been appointed by the supervisory board as chairman of the board at the German affiliate Bank Sarasin AG.According to a statement from the business, the appointment is a sign of the importance of the German market to the J. Safra Sarasin group.
11/02/2013

Union Investment bets on US real estate

In an interview with the Börsen-Zeitung, managing board member Jens Wilhelm states that in the face of persistent interest on the part of investors in real estate, Union Investment is increasingly taking an interest in properties located abroad, particularly in the United States.The central asset management firm for the German co-operative banks is planning to launch real estate credit funds aimed at institutional inestors, who are currently hungry for products of this type.
11/02/2013

Changes at the top at Fidelity Germany

Until a permanent managing director for Germany and Austria can be appointed, Jon Skillman, managing director, Continental Europe, will serve as head of Fidelity for the interim, replacing Christian Wrede, who has resigned from his position after five years “to take on other professional challenges,” Fonds Professionell reports. Meanwhile, Claude Hellers becomes head of distribution for Germany. Hellers, who has 15 years of experience at Fidelity, most recently served as head of distribution for Benelux.
11/02/2013

Changes at the top at Fidelity Germany

Until a permanent managing director for Germany and Austria can be appointed, Jon Skillman, managing director, Continental Europe, will serve as head of Fidelity for the interim, replacing Christian Wrede, who has resigned from his position after five years “to take on other professional challenges,” Fonds Professionell reports.Meanwhile, Claude Hellers becomes head of distribution for Germany. Hellers, who has 15 years of experience at Fidelity, most recently served as head of distribution for Benelux.
11/02/2013

State Street faces two lawsuits over securities lending

State Street is facing two lawsuits in the United States which argue that it claimed an “exorbitant portion” of revenues from securities lending, which resulted in “massive losses” of “hundreds of millions of dollars” for investors, Financial Times Fund Management reports. The plaintiffs are the Retirees of the Goodyear Tire and Rubber Company Health Care Trust and the Glass Dimensions Inc Profit Sharing Plan and Trust. State Street claims that the accusations are baseless, and has declared that it intends to defend itself against them.
11/02/2013

First State enters EMD local currency niche

Helene Williamson, head of the emerging market bond management team at First State, has been made responsible for managing a local currency emerging market debt fund, which will have share classes in pounds sterling and euros. The portfolio will invest both in corporate and government bonds.
11/02/2013

Lombard Odier and Pictet will neither merge nor hold an IPO

Following a change in the structure of the private bank, Lombard Odier will not merge with Pictet, which has made the same decision. The bank does not have any plans to launch an initial public offering either. “If we were considering an IPO, we would have chosen the legal format of limited partnership, and not direct partnership,” says Anne-Marie de Weck, a partner at Lombard Odier, in an interview published in Le Matin Dimanche». The partners remain responsible, liable, for the future firm, and for the financing of the bank.”De Weck admits that in a direct partnership company, the partners would no longer guarantee the firm with their entire net worth, but merely with their capital investment. “That does not play a role in our case. Our private wealth is invested in the bank,” she says.
11/02/2013

Increase of CHF15bn in assets under management at Cantonal bank of Zurich

Assets under management at the Cantonal bank of Zurich (ZKB) rose to CHF14.8bn in the year 2012, at CHF191.4bn, according to statistics released on 8 February. Net inflows last year totalled CHF8.3bn, compared with CHF12.3bn in 2011. The bank has reported profits for the past year of CHF594m, down 23% year on year due to a one-time charge of CHF150m.
11/02/2013

FTSE offers two new series of indices

The British FTSE Group has announced the launch of two ranges of indices, the FTSE Cyclical and FTSE Defensive, with the objective of offering “contrasting degrees of sensitivity to the economic cycle, in order to improve the transparency of market dynamics.” These indices are available in real time, and may serve as the underlying for new investable products.
11/02/2013

China AMC and CSOP to list RQFII ETF in Japan

Asian Investor relays reports in Nihon Keizai Shimbun that the Chinese asset management firms China AMC and CSOP are planning to list physical replication RQFII ETF funds in Japan from 27 February, as depositary receipts. They would be the first products of their type to be listed outside Hong Kong.RQFII ETFs are ETFs which invest directly in Chinese A-class equities. The products concerned will be listed in yen, while in principle they are traded in yuan or Hong Kong dollars.
11/02/2013

Italians rediscover funds

Italian funds are returning to the favours of Italian retail investors, 10% of whom would now like to own investments of this type, compared with 2% at the end of October 2012, a new study by the Anima-Eurisko observer released in early 2013 notes. In particular, they would like to invest in bonds and bond funds (12% to 16%). This comes to the detriment of government bonds, which have fallen from 36% to 22% in investors’ preferences. 8% would like to keep their money in current accounts or other liquid investments.
11/02/2013

Spanish funds post net inflows in January

Assets in Spanish funds as of 31 January totalled EUR129.210bn, according to VDOS, compared with EUR126.805bn at the end of December. EUR1.0463bn of the 1.9%, or EUR2.4048bn, increase was due to net subscriptions, while EUR1.3585bn were due to market effects.At the major asset management firms, Santander posted an increase of 1.28% in one month to its assets under management, to EUR21.4124bn, due in part to EUR87.6m in net subscriptions, while BBVA posted an increase of 0.8% to its assets, to EUR19.3146bn, but with net outflows of nearly EUR7.6m. At CaixaBank, volume increased 2.4% compared with the end of December, to EUR17.5593bn, with EUR211.9m in net inflows.
11/02/2013

Henderson wins mandate

The board of the SVM Global Investment trust has awarded a management mandate to Henderson Global Investors, Investment Week reports.The portfolio, which had hitherto been managed by SVN Asset Management, will be taken over by Ian Barrass, head of private equity funds of funds at Henderson, and Paul Craig, a member of the multi-management team.
11/02/2013

F&C to suppress Thames River name

F&C Investments is planning to discontinue the Thames River brand name, and rename each Thames River fund as F&C, Fundweb reports. The changes will take place on about 6 April. They will affect 20 funds.
11/02/2013

Weinstein and Reservoir support a new hedge fund

Boaz Weinstein, former owners’ equity trader at Deutshe Bank, and Reservoir Capital, the alternative asset management firm led by Dan Stern, are supporting a new hedge fund firm specialised in credit entitled Camares Capital, Financial News reports. The firm was founded by a former protégé of Weinstein.
11/02/2013

M&G, SLI and BNY Mellon lead subscriptions for 2012

According to the most recent Pridham Report from Fundscape, relayed by Investment Week, the top three asset management firms by retail net subscriptions last year on the British market were M&G (GBP2.6376bn), followed by Standard Life Investments (SLI, with GBP2.5351bn) and BNY Mellon, with GBP2.038bn. BlackRock and Threadneedle take fourth and fifth place, respectively, with GBP1.9692bn and GBP1.5694bn. Axa IM is in ninth place, with GBP1.0426bn.
11/02/2013

Credit Suisse nomme un vice président de la gestion d’actifs en Asie

Credit Suisse a nommé Neil Harvey en tant que vice-président (vice chairman) pour le pôle gestion d’actifs de la région Asie-Pacifique, rapporte Asian Investors. Il reste co-CEO pour la Grande Chine et CEO de Hong Kong. Cette nomination a été annoncée en interne le 8 février.
11/02/2013
Fonds

Syz et QIC ferment des fonds en Asie

Syz & Co a liquidé un fonds de hedge funds asiatiques (Oyster Multi-Manager Asia) ayant une forte exposition à la Chine, rapporte Asian Investor. Le produit a des actifs de 15 millions de dollars et a été fusionné dans le fonds Oyster Multi-Strategy. Parallèlement, l’australien Queensland Investment Corporation a fermé sa stratégie quantitative asiatique et la boutique qui la gérait. Les faibles performances de ces produits expliquent ces décisions, selon le site.
Fonds
11/02/2013

Changements à la tête de Fidelity Allemagne

En attendant la nomination d’un managing director «définitif» pour l’Allemagne et l’Autriche, Jon Skillman, managing director, Continental Europe, assure l’intérim à la tête de Fidelity en remplacement de Christian Wrede, qui a démissionné au bout de cinq ans à son poste «pour relever d’autres défis professionnels», rapporte Fonds Professionell.Parallèlement, Claude Hellers devient directeur de la distribution pour l’Allemagne. L’intéressé, qui compte 15 ans d’ancienneté chez Fidelity, était en dernier lieu responsable de la distribution dans les pays du Benelux.
11/02/2013

Nouveau patron pour Sarasin Allemagne

COO pour la gestion d’actifs et la division products & sales ainsi que head products pour le développement et la fourniture de tous les produits du groupe suisse J. Safra Sarasin, Mils Ossenbrink a été nommé par le conseil de surveillance président du directoire de la filiale allemande Bank Sarasin AG.Selon un communiqué de l’entreprise, cette nomination souligne l’importance du marché allemand pour le groupe J. Safra Sarasin.
11/02/2013

Changements à la tête de Fidelity Allemagne

En attendant la nomination d’un managing director «définitif» pour l’Allemagne et l’Autriche, Jon Skillman, managing director, Continental Europe, assure l’intérim à la tête de Fidelity en remplacement de Christian Wrede, qui a démissionné au bout de cinq ans à son poste «pour relever d’autres défis professionnels», rapporte Fonds Professionell.Parallèlement, Claude Hellers devient directeur de la distribution pour l’Allemagne. L’intéressé, qui compte 15 ans d’ancienneté chez Fidelity, était en dernier lieu responsable de la distribution dans les pays du Benelux.
11/02/2013

F&C va supprimer le nom Thames River

F&C Investments prévoit de supprimer la marque Thames River en renommant chacun de ses fonds sous la bannière F&C, révèle Fundweb. Ces changements devraient intervenir autour du 6 avril. Cela concerne une vingtaine de fonds.
11/02/2013

Henderson GI remporte un mandat

Le board du trust SVM Global Investment a confié un mandat de gestion à Henderson Global Investors, rapporte Investment Week.Le portefeuille, dont la gestion était assurée jusqu’ici par SVM Asset Management, est pris en charge par Ian Barrass, responsable des fonds de fonds de private equity de Henderson, et Paul Craig, membre de l'équipe de multigestion.
11/02/2013
Fonds

First State aborde le créneau de la dette émergente en monnaie locale

Helene Williamson, qui dirige l'équipe de gestion obligataire émergente chez First State, a été chargée de gérer un fonds de dette émergente en monnaie locale qui aura des classes de part en livres sterling et en euros.Le portefeuille sera investi à la fois en obligations d’entreprises et en titres d’Etat.
Fonds
11/02/2013

Weinstein et Réservoir Capital soutiennent un nouveau hedge fund

Boaz Weinstein, ancien trader pour compte propre de la Deutsche Bank, et Reservoir Capital, la société de gestion alternative de Dan Stern, soutiennent une nouvelle société de hedge funds spécialisée dans le crédit appelée Camares Capital, selon Financial News. Elle a été fondée par un ancien protégé de Boaz Weinstein.

Sujets d'actualité

Tous les sujets