Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
21/01/2013

David Cameron s’exprimera cette semaine sur l’UE

Le Premier ministre britannique prononcera cette semaine son discours tant attendu sur ses projets de renégociation des conditions de l’appartenance de la Grande-Bretagne à l’Union européenne, selon le secrétaire au Foreign Office William Hague. Cette allocution, qui devait initialement être prononcée vendredi aux Pays-Bas, avait été reportée en raison de la crise des otages en Algérie.
21/01/2013

Les Républicains pour un relèvement temporaire du plafond de la dette

La Chambre des représentants va réfléchir à un texte permettant de relever le plafond de la dette pour une durée de trois mois afin de contraindre le Sénat à majorité démocrate d’adopter un projet de budget, selon le chef de file des républicains à la Chambre, Eric Cantor.
21/01/2013

Oaktree et Apollo prennent le contrôle de Nine Entertainment

La voie à une entrée en Bourse du réseau télévisé australien semble tracée après que ses créanciers ont approuvé un plan de recapitalisation de 3,6 milliards de dollars. Les fonds américains Oaktree Capital et Apollo Global Management échangent dans ce cadre de la dette contre 95,5% du capital. CVC Capital Partners perd gros en ne conservant que 1% du capital.
21/01/2013

Naxicap prend le contrôle de Thermocompact

A la suite d’une OPA entamée fin 2012, Naxicap Partners prend la majorité du capital de Thermocompact, présent sur les marchés des fils et torons et du revêtement technologique. EPF a été choisi comme partenaire de haut de bilan aux côtés de Naxicap Partners. «Minoritaire important, EPF rejoindra le conseil d’administration de la société à l’occasion de la prochaine assemblée générale», précise les différentes parties dans un communiqué.
21/01/2013

BNP Paribas délaisse les énergies vertes

La banque a convenu de scinder son activité de capital investissement dédiée aux énergies vertes, selon le quotidien. Rebaptisée Glennmont Partners, cette activité continuera de compter BNP Paribas parmi ses investisseurs au sein du fonds de 430 millions d’euros levé en 2010. Le directeur général Joost Bergsma ne doute pas que la banque souhaitera distribuer le fonds à ses clients. Un signe de plus tout de même selon le quotidien du retrait des banques du private equity sous la pression réglementaire. Depuis 2007, l’équipe de Glennmont Partners a investi plus d’un milliard d’euros au sein de douze projets.
21/01/2013

Allianz croit aux infrastructures britanniques

Allianz Global Investors s’apprête selon le quotidien à lancer un fonds de dette innovant spécialisé sur les infrastructures au Royaume-Uni. Il s’agirait d’une «initiative qui fera date» susceptible de créer des emplois et stimuler l’économie atone grâce au financement d’écoles, d’hôpitaux et de routes. La collecte-cible est d’un milliard de livres dans un premier temps.
21/01/2013

La Chine prévoit 4% d’inflation en 2013

La hausse de l’indice des prix à la consommation pourrait s’accélérer à 4% cette année, indique le China Business News qui cite Yu Bin, le directeur du Centre de recherche et de développement de l’Etat central. La réforme de l’indice contribuera à hauteur d’un point de pourcentage à cette hausse. Et Yu Bin d’estimer que la hausse de l’inflation aura peu d’effet sur la consommation.
18/01/2013

BayernLB aurait mandaté SG CIB pour vendre sa gestion privée

La banque allemande BayernLB veut vendre sa filiale de gestion privée au Luxembourg, LBLux. Elle aurait mandaté à cette fin la Société Générale, indique Bloomberg. La filiale luxembourgeoise affiche entre 300 et 400 millions d’euros de fonds propres et pourrait être cédée à un prix équivalent, selon trois sources citées par Bloomberg. Son total de bilan a été divisée par deux depuis 2008, à 6 milliards d’euros.
18/01/2013

Benoît Coeuré minimise l'impact des retraits de liquidité bancaire

Le remboursement par les banques européennes des liquidités injectées massivement par la Banque centrale européenne dans le cadre des opérations LTRO ne devrait pas avoir un impact important sur les marchés monétaires, a estimé vendredi Benoît Coeuré, membre du directoire de la BCE. «Je ne m’attends pas à ce que ça ait un impact très important sur le marché monétaire (...) compte tenu de la situation de l’excès de liquidité dans la zone euro qui reste extrêmement important et qui dépend fondamentalement de l'évolution de la situation économique, a-t-il indiqué. C’est quelque chose qui ne se résorbera que progressivement avec le temps.»
18/01/2013

La Banque d'Italie révise ses prévisions en baisse

La Banque d’Italie a revu en baisse vendredi ses prévisions économiques pour intégrer la dégradation continue des conditions de crédit et un contexte international défavorable. Elle prévoit désormais une contraction de 1,0% du produit intérieur brut (PIB) cette année, alors qu’elle n’attendait jusqu'à présent qu’un recul de 0,2%, comme le gouvernement. Le retour à la croissance est prévu en 2014. La banque centrale estime enfin que le ratio dette/PIB du pays, que le gouvernement Monti prévoit à 126,1% pour 2013, devrait diminuer à partir de 2014, grâce à une amélioration de l’excédent primaire (hors service de la dette) et au retour à la croissance.
18/01/2013

Philippe Mills quitte l'Agence France Trésor

Philippe Mills, le patron de l’Agence France Trésor (AFT) va prochainement quitter son poste et prendre la tête de la nouvelle banque publique chargée de faire des prêts aux collectivités locales, indiquent les Echos sur leur site internet. Le nouvel établissement de crédit doit être officiellement mis sur les rails le 1er février.
18/01/2013

Vanguard drops Hansberger from one of its funds

On 14 January, Vanguard announced that the mandate for Hansberger Global Investors as advisor to the international equity fund Vanguard International Value Fund (USD6.8bn, ticker VTRIX) has not been renewed. Hansberger had been responsible for 17% of funds, and its allocation has been reassigned to two other mandate holders, Lazard Asset Management and Edinburgh Partners Limited. The proportion allocated to the former increases to 39%, while the latter rises to 34%. The other asset management firm holding a mandate from the fund is Arga Investment Management, with 24%, while the remainder is the cash allocation.
18/01/2013

Tikehau IM launches a private equity fund open to retail investors

Tikehau Investment Management, an asset management firm specialised in credit markets, has launched the FCPR Tikehau Financement Privé, its first private equity fund available to retail investors. With a minimal subscription of EUR20,000, the fund, which will be open from 31 January to 31 july 2013, allows private investors to participate in financing for mid-sized businesses. The FCPR Tikehau Financement Privé is primarily invested in financial sector securities providing access to capital (mezzanine debt).
18/01/2013

Mutual fund inflows more than tripled in 2012

Long-term mutual funds posted net subscriptions last year of USD243.2bn, compared with USD74.8bn in 2011, while net inflows to money market funds totalled USD76.84bn, compared with USD10.1bn, according to estimates by Morningstar. US equity funds continued to post net outflows (USD120bn, compared with USD87.19bn).Vanguard and Pimco captured 61% of total net subscriptions in 2012, compared with 30% in 2011, and 46% in 2010, with USD86.11bn and USD62.68bn, respectively. Two other asset management firms posted inflows of over USD20bn last year: JP Morgan, with USD25.57bn, and DoubleLine, with USD21.8bn.The fund which attracted the strongest net subscriptions was the DoubleLine Total Return Fund, with USD19.6bn, which beat out the Pimco Total Return (USD18bn), However, with the addition of the ETF version of the latter, with inflows of USD3.8bn, the fund from Bill Gross would win, says Morningstar.
18/01/2013

iShares revises presentation of ETF commissions

The ETF provider iShares has revised the way in which its commissions are presented on its website for 42 ETF, IndexUniverse reports. This decision appears to indicate a desire on the part of iShares to offer investors a range of commissions which is slightly more in line with what various fund prospectuses may indicate.The iShares MSCI Emerging Markets Index Fund, which had until very recently had a total expense ratio (TER) of 0.67%, now has two TERs, one of 0.69% and one at 0.66%. The former is the TER as of 31 August 2012, while the second is the TER as of 31 December 2012. The difference between the two reflects an increase in assets in the fund during the last four months of 2012, which led to a decline in costs for investors.
18/01/2013

DoubleLine preparing three equity funds

Mutual Fund Wire relays reports in Reuters that DoubleLine Capital has filed a license application to the SEC for three equity funds, including the DoubleLine Equities Small Cap Growth Fund, which will be managed by Husam Nazer. The DoubleLine Equities Growth Fund and the DouhleLine Equities Global Technologies Fund will be managed jointly by Nazer and Brent Stallings, who were recently recruitd by the FI management firm founded by Jeff Gundlach.
18/01/2013

Neuberger Berman launches multi-asset fund

The New York-based asset management firm Neuberger Berman Group has announced the launch of the Neuberger Berman Dynamic Real Return Fund (tickers NDRAX, NDRCX, and NDRIX), which invests in several asset classes and aims to generate attractive risk-adjusted returns in various inflation environments.The product is managed by Andy Johnson, CIO for investment grade bonds, and Thanos Bardas, global head of sovereigns and interest rates. The portfolio may be invested in commodities, global inflation-linked bonds, high yield bonds, leveraged loans, US and emerging market equities, master limited partnerships (MLPs) and real estate. The managers will use a dynamic overlay system to “capitalise on short-term fluctuations in inflationary outlooks,” a statement says.
18/01/2013

Aberdeen wants to limit inflows to its emerging market equities

The Scottish asset management firm Aberdeen Asset management has announced in its report on fourth quarter 2012, released on Thursday, that it is planning to slowdown incoming inflows to its emerging market equities, “to ensure performance is not compromised,” as it is no longer comfortable with the high rate of net inflows. Global emerging market equity strategies attracted a net total of GBP1.696bn in the last three months of last year, following GBP1.281bn in third quarter 2012. Inflows to Asia-Pacific equities, for their part, totalled GBP1.424bn, followsing GBP719m. These two universes drove overall inflows to Aberdeen in fourth quarter of the year (the first quarter of its fiscal year), which totalled GBP1.1bn, with GBP3.1bn for equities. Bonds, real estate, money market and “solutions” posted negative flows. In this context, assets under management at Aberdeen AM increased by 3% in the last three months of the year, to GBP193.4bn.
18/01/2013

ETF Securities scales up retail distribution

Frank Spiteri, a specialist in equity derivative trading at KBC Financial Products, and more recently responsible for sales and trading of ETFs at the broker Peel Hunt, has been recruited by ETF Securities (UK) Limited as head of distribution for the Europe, Middle East and Africa (EMEA) region. He will focus on sales of ETPs to retail clients, and will report to Matt Johnson, head of distribution for the EMEA region.
18/01/2013

Carmignac recruits in UK

Nick Casey joined the British sales team of Carmignac Gestion on January 14th to strengthen relationships with UK intermediaries via platforms, life companies and IFAs. He will report to Matthew Wright, head of country – United Kingdom.Before joining the French asset manager, Nick Casey worked at Aviva for 22 years, the last 6 of which were with Aviva Investors in London, specialising in IFA distribution.Following the opening of an office in London in April 2012 and with this hiring, Carmignac Gestion confirms its commitment to the UK market with five fully dedicated sales. Recently, a sales manager and an office manager have been hired.Over the last three years, 76 new staff have been hired across Europe to support Carmignac Gestion’s growth, adds the French asset manager. The fund management team has been further strengthened by the arrival of thirteen fund managers and analysts since 2010.
18/01/2013

Former Brevan Howard founder launches a family office

Chris Rokos, co-founder of the alternative asset management firm Brevan Howard, has founded a family office in central London, in Mayfair, the newsagency Reuters reports. Rokos left Brevan Howard last year, following a cutback of his asset management portfolio. In the Sunday Times rankings of the largest fortunes in the hedge fund sector, Rokos came in 15th, with estimated wealth of GBP230m. Other hedge fund managers are planning to wind down their activities due to increasingly strict regulation of the sector, such as the AIFM directive.
18/01/2013

India launched an ETF of public sector businesses

The Indian government is planning to launch an ETF which would invest in public sector enterprises, IndexUniverse reports. According to initial indications, the ETF portfolio would include 15 to 20 profitable companies, a representative of the finance minister has stated, cited by the Wall Street Journal. It is not yet known whether the government will be abandoning its position as majority stakeholder in the selected businesses as part of the move.
18/01/2013

Vontobel AM recruits two bond analysts

David Walls and Stefan Husler have been recruited by Vontobel Asset Management, the former as a credit analyst and deputy portfolio manager for the Vontobel Fund – High Yield Bond, and the latter as a credit analyst for equipment, basic industries, and financial services.Walls had been a consultant for high yield credit at Waddell & Reed in Dallas, Texas, after becoming one of the co-founders of Three Seas Capital, and a partner, as well as portfolio manager, at Highland Capital Management.Hüsler, for his part, previously worked at UBS, Pemba Credit Advisors and Man Investments.

Sujets d'actualité

Tous les sujets