Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
05/06/2012

Claire Rodrigue quitte Comgest

Gérante du fonds Européen chez Comgest qu’elle a rejoint il y a treize ans, Claire Rodrigue devrait quitter la société fin juin. Un départ préparé de longue date et en parfaite intelligence avec la direction de Comgest, souligne-t-on au sein de la société de gestion. Claire Rodrigue devrait rejoindre une petite structure qui pourrait être amenée à collaborer avec Comgest.Compte tenu de ce départ et du développement de la société, deux recrutements viennent d'être finalisés pour renforcer le marketing pour la zone francophone. Les deux renforts devraient rejoindre Comgest dans les prochaines semaines, le premier le 25 juin, le second un peu plus tard dans le courant de l'été.
05/06/2012

BlackRock met en relation conseillers financiers et spécialistes des ETF

BlackRock vient de dévoiler une nouvelle version de son service “connect” qui aide les conseillers financiers américains à se mettre en relation avec des stratèges en investissements spécialisés dans les ETF (EIS), rapporte Financial Times Fund Management. BlackRock prédit que le secteur des EIS va atteindre 120 milliards de dollars d’actifs d’ici à 2015.
05/06/2012
Fonds

Western Asset Management abandonne la marque Legg Mason

Western Asset Management a décidé de supprimer la marque de sa maison mère Legg Mason de l’intitulé des produits aux Etats-Unis, rapporte Bloomberg. Cette décision sera effective le premier août et a pour objectif de donner un coup d’accélérateur à la commercialisation des fonds, notamment auprès des investisseurs particuliers, très sensibles à la réputation de la marque.
Fonds
05/06/2012

Julius Bär recrute un ancien de HSBC

Stephen Kamp a été nommé responsable, «deputy head», pour l’Amérique latine, l’Espagne et Israël, a a annoncé Julius Bär le 4 juin dans un communiqué. Il sera basé à Genève. Stephen Kamp assistera Gustavo Raitzin, membre de l’exécutif de la banque de gestion privée. Il participera aussi à de nombreux projets, selon un communiqué diffusé lundi.Il s’occupera aussi des clients israéliens, résidents ou non. Julius Bär a ouvert un bureau à Tel Aviv en mars dernier. La banque a aussi acquis en 2011 une participation minoritaire de 30% dans GPS, le plus important gestionnaire de fortune privée brésilien. Stephen Kamp travaillait précédemment chez HSBC, où il occupait la fonction de «chief administrative officer» pour la banque privée dans la région EMEA (Europe, Moyen Orient, Afrique).
05/06/2012

LGT recrute chez BZ Bank

Directeur de la distribution et du marketing chez BZ Fonds, filiale de gestion d’actifs de BZ Bank (Wilen, canton de Schwyz), depuis avril 2011, Stefan Lindemann a été recruté comme directeur de l’activité produits blancs par LGT Bank in Liechtenstein à compter de début juin.L’intéressé est directement subordonné à Norbert Biedermann, CEO de LGT Bank in Liechtenstein.
05/06/2012
Fonds

Plus-value pour l'Uni:Immo: Europa aux Etats-Unis

Le fonds immobilier offert au public UniImmo: Europa de l’allemand Union Investment a revendu l’immeuble de bureaux Fremont Lake Union Center de Seattle (27.616 mètres carrés) à Killroy Realty Corp pour 106 millions de dollars, soit 40 millions de plus que le prix d’acquisition en 2005 et 15 millions au-dessus de la dernière valeur d’expert.Le UniImmo: Europa détient dans son portefeuille cinq autres actifs d’une valeur de 900 millions de dollars, situés à New York, Washington, Chicago, San Diego et Seattle.
Fonds
05/06/2012
Fonds

FTC propose un fonds de futures

L’autrichien FTC Capital a annoncé le lancement d’un fonds coordonné de «managed futures», FTC Globaél Diversified. Ce produit de droit allemand investit selon diverses stratégies en actions, obligations, devises, matières premières et volatilité. L’objectif de volatilité est de 15 % sur une période glissante de douze mois.CaractéristiquesDénomination : FTC Global DiversifiedCode Isin : DE000A1JDWE7Commission de gestion : 2 %Commission de performance : 20 % avec high watermarkTaux butoir : 3 %
Fonds
05/06/2012

Progression des actifs et du résultat pour Hauck & Aufhäuser

La banque privée allemande Hauck & Aufhäuser a fait état pour l’exercice 2011 d’une progression de son bénéfice à 12,9 millions d’euros contre 9,1 millions d’euros pour l’année précédente.Les actifs sous gestion se sont accrus d’environ 3 milliards d’euros à plus de 27 milliards d’euros contre 24 mililards d’euros à fin décembre 2011.La société a par ailleurs annoncé le recrutement de Stephan Rupprechts, en provenance d’UBS, en qualité de nouvel associé qui sera responsable de la clientèle privée et des entreprises. Il devrait prendre ses fonctions le 1er juillet prochain.A noter enfin que Hauck & Aufhäuser a décidé de se renforcer dans le secteur de l’immobilier avec la possibilité pour la clientèle d’investir dans le portefeuille immobilier résidentiel de la banque ou de participer à des club deals. Depuis deux ans déjà, la banque est présente dans le financement de projets immobiliers.
05/06/2012

Le suisse CPCI affiche ses projets de croissance externe

A la suite de l’assemblée générale de ses actionnaires qui s’est tenue le 25 avril, le conseil d’administration du gestionnaire de fortune Compagnie Privée de Conseils et d’Investissements (CPCI) a procédé à la deuxième tranche de l’augmentation du capital-actions de 6 à 7 millions, en exécution de la décision prise à cet effet par l’assemblée du 9 juillet 2010, rapporte L’Agefi suisse. Cette augmentation de capital se situe dans l’optique de la poursuite de la stratégie de développement de CPCI, qui comprend en particulier l’intégration ou l’acquisition de tiers gérants. Au-delà des tiers gérants, CPCI reste intéressée par tout type d’acquisition en Suisse compatible avec sa structure actuelle et ses projets de développement.
05/06/2012

Un quart des gestionnaires chinois dans le rouge en 2011

Selonune étude de Z-Ben Advisors, la baisse de 7,35 % des chiffres d’affaires et la hausse des coûts l’an dernier se sont soldés par des pertes pour 25 % des sociétés de gestion de fonds chinoises. Cela a touché plus particulièrement les acteurs de petite et de moyenne taille qui manquaient de capitaux pour s’adapter à l'évolution de la demande des investisseurs, à l’augmentation des charges et aux tendances de marché. Certains sont cependant parvenus à augmenter leur marge bénéficiaire en développant leurs lignes de produits „non-core“.
05/06/2012

Invesco nomme un reponsable des ventes retail

Invesco a nommé Peter Gallagher au poste de head of US retail sales. Il remplace à ce poste John Cooper dont le départ fait suite à la réorganisation des équipes commerciales. Le retail pour les Etats-Unis, le marketing, le product management et les ETF seront réunis dans une seule division commerciale américaine. Elle sera dirigée par Andrew Schlossberg.
05/06/2012

In BRIC countries, household wealth is growing fast

The financial assets of retail clients has increased by 1.9% worldwide in 2011, to EUR122.800trn, but that figure conceals highly varied realities: assets were down 0.9% in North America, 0.4% in Western Europe, and 2% in Japan, but up by 18.5% in BRIC countries (Brazil, Russia, India and China), the Boston Consulting Group (BCG) reports in the most recent edition of its Global Wealth 2012 report.The fastest increase by client segment was for the ultra-high net worth (UHNW) client category, with wealth of over USD100m, where the increase was 3.7%, compared with an average of 1.7% in all other segments.While there has been a decline of 182,000 in the number of these clients in the United States and Japan, the number of US dollar millionaire households last year increased by 175,000 in developing countries, including China and India.As of the end of 2011, the number of US dollar millionaire households totalled 12.6 million, 0.9% of the BCG sample. The highest number of millionaires (5.1 million) continues to be in the United States, followed by Japan (1.6 million) and China (1.4 million). The highest density of millionaires was in Singapore, with over 17% of households, followed by Qatar (14.3%), Kuwait (11.8%) and Switzerland (9.5%). But the United States is the country with the largest absolute number of millionaire households (2,928) and billionaire households (363).Compared with the size of the population, Switzerland has the largest number of ultra-high net worth households, while Hong Kong is the country with the largest number of billionaires, in both cases due to immigration.
05/06/2012

AmpegaGerling merges two funds

As of 1 June, Ampega Gerling Investment has absorbed the small fund Aktiv Trend Global (DE000A0NGJ51 / DE000A0Q8HK3), with EUR3.3m in assets in shares in equity funds, into the Gerling Portfolio Multi ETF Strategie (DE000A0NGJ69/DE0009847327), a fund of ETFs with EUR11.37m in assets, which may invest in equity and bond ETFs.
05/06/2012

UniImmo: Europa earns capital gains in United States

The open-ended real estate fund UniImmo: Europa, from the German asset management firm Union Investment, has resold the Fremont Lake Union Center office building in Seattle (27,616 square metres) to Killroy Realty Corp for USD106m, USD40m higher than the acquisition price in 2005, and USD15m above the last expert valuation.The UniImmo: Europa has five other properties in its portfolio with a value of USD900m, in New York, Washington, Chicago, San Diego and Seattle.
05/06/2012

FTC offers a futures fund

The Austrian firm FTC Capital has announced the launch of a UCITS-compliant managed futures fund, FTC Global Diversified. The German-registered product will invest in equities, bonds, currencies, commodities and volatility, using several strategies. The volatility objective is 15% over a rolling 12-month period.CharacteristicsName: FTC Global DiversifiedISIN code: DE000A1JDWE7Management commission: 2%Performance commission: 20%, with high watermarkHurdle rate: 3%
05/06/2012

Qatari fund QSI finalises acquisition of Paris Handball

The investment fund Qatar Sports Investments (QSI), which is already a majority shareholder in the Paris SG football team, on Monday officially acquired a 100% stake in Paris Handball, which is becoming a first-division team. QSI would like to make a long-term engagement to Paris Handball, and over the long term hopes to construct a top-calibre national and European team, Nasser Al-Khelaifi, president of the PSG football club, who will also direct the handball team, says.
05/06/2012

Western Asset Management drops Legg Mason brand

Western Asset Management has decided to drop the name of its parent company, Legg Mason, from the names of its products, Bloomberg reports. The decision will take effect from 1 August, and aims to boost sales of funds, particularly to retail investors, who are highly sensitive to brand reputation.
05/06/2012

Money market fund liquidity comes at a cost

Maintaining a high degree of liquidity costs about 20bp to 30bp of yield to a money market fund, says Fitch Ratings in a newly-published report on the liquidity of European money market funds. European money market funds have substantially improved their liquidity profile since 2008, which is proving an efficient buffer to the more opportunistic volatility of investors’ flows, but comes at a cost, according the rating agency.'Liquidity cushions in Fitch-rated European MMFs have been continuously maintained at high levels following the 2008 crisis, with exposure to securities maturing within a week typically exceeding 25% of a fund’s total assets’ says Charlotte Quiniou, Director in Fitch’s Fund and Asset Manager Rating Group. In response to the eurozone crisis, portfolio liquidity has been rising even further, with overnight and highly liquid assets reaching 33% on average.
05/06/2012

Invesco appoints a head of retail sales

Invesco has appointed Peter Gallagher as head of US retail sales. In this position he replaces John Cooper. The departure follows a reshuffle of sales teams. Retail activities in the United States, marketing, product management and ETFs will be reunited in a single US commercial division, which will be led by Andrew Schlossberg.
05/06/2012

Outflows in life insurance continue

In France, the life insurance sector has continued to post negative flows in the first four months of 2012, Moody’s Investors Service reports in a study published on 4 June. Though these outflows, due to both structural and conjunctural factors, pose mid-term profitability issues, they do not presently pose liquidity risks. “The level of net outflows in France from life insurance companies does not presently endanger the liquidity of the sector,” says Benjamin Serra, an analyst at Moody’s and author of the study. “There is, however, a mid-term profitability issue, and opportunities to develop new activities to compensate for falling profits from savings activities in the future remain limited in the present context. Strong involvemnt in the phenomenon of outflows in the next few quarters, while not representing the base scenario projected by Moody’s, would accentuate pressure on life insurance companies,” he says.
05/06/2012

BlackRock puts IFAs and ETF specialists in contact

BlackRock has unveiled a new version of its “connect” service, which helps US IFAs to get in touch with ETF investment strategists (EIS), Financial Times Fund Management reports. BlackRock predicts that the EIS sector will total USD120bn by 2015.
05/06/2012

Claire Rodrigue leaves Comgest

The fund manager of the European fund at Comgest, where she began 13 years ago, Claire Rodrigue will be leaving the firm at the end of June. In a move which has been long-planned with complete cooperation of the management at Comgest, Rodrigue will be joining a small firm which may subsequently collaborate with Comgest.Due to the departure and growth at the firm, two recruitments have recently been finalised for marketing to the French-speaking countries. The two new recruits will join Comgest in the next few weeks, the first on 25 June, and the second slightly later in the year.
05/06/2012

LGT recruits a director from BZ Bank

Stefan Lindermann, who has been the director of distribution and marketing at BZ Fonds, the asset management affiliate of BZ Bank (based in Wilen, in the Swiss canton of Schwyz) since April 2011, has been recruited as director of private label funds for LGT Bank in Liechtenstein from the beginning of June.Lindermann will report directly to Norbert Biedermann, CEO of LGT Bank in Liechtenstein.
05/06/2012

Schroders eyes real estate lending market

Schroders is in talks to enter the real estate lending market, the Financial Times reports. The asset management firm is studying the possibility of launching a division which would provide financing through lending to real estate property owners and developers. Talks are at an early stage, and according to sources familiar with the matter, Schroders has not yet taken a decision about the size of the lending platform.
05/06/2012

One quarter of Chinese asset managers had losses in 2011

According to a survey by Z-Ben Advisors, a decline of 7.35% in revenues and rising costs last year resulted in losses for 25% of asset management firms with Chinese funds. This particularly affected small and mid-sized actors, who did not have sufficient capital to adapt to changing investor demand, rising costs and market trends. Some, however, were able to increase their profit margins by developing non-core product lines.
05/06/2012

Switzerland's CPCI announces external growth ambitions

Following a general shareholders’ meeting held on 25 April, the board of directors at the wealth management firm Compagnie Privée de Conseils et d’Investissements (CPCI) has held the second round of its capital increase share offering, increasing the number of shares from 6 to 7 million, enacting a decision by the shareholders’ meeting of 9 July 2010, Agefi Switzerland reports. The capital increase comes as part of a continuing development strategy at CPCI, which includes the integration or acqusition of third-party asset management firms. In addition to third-party asset management firms, CPCI continues to be interested in all types of acquisitions in Switzerland which are compatible with its current structure and its development plans.
05/06/2012

Appointment at Julius Bär

Stephen Kamp has been appointed as deputy head for Latin America, Spain and Israel, Julius Bär announced in a statement on 4 June. He will be based in Geneva. Kemp will assist Gustavo Raitzin, member of the executive board at the private bank. He will also participate in several projects, according to a statement released on Monday. Kamp will serve Israeli clients, whether or not they are resident in Israel. Julius Bär opened an office in Tel Aviv in March this year. The bank also acquired a minority stake of 30% in GPS, the largest Brazilian private wealth management firm, in 2011. Kamp previously worked at HSBC, where he served as chief administrative officer for the private bank in the EMEA region (Europe, Middle East, Africa).
05/06/2012

Assets and profits up at Hauck & Aufhäuser

The German private bank Hauck & Aufhäuser has reported an increase in its profits in 2011 to EUR12.9m, compared with EUR9.1m the previous year. Assets under management increased by about EUR3m to over EUR27bn, compared with EUR24bn as of the end of December 2011. The firm has also announced the recruitment of Stephan Rupprechts, from UBS, as the new partner who will be in charge of private and corporate clients. He will begin in his new role on 1 July next year. Hauck & Aufhäuser has also decided to recruit in the real estate sector, to provide clients with the opportunity to invest in residential real estate portfolios from the bank or to participate in club deals. The bank has been present in the financing of real estate projects for two years already.
05/06/2012

Deka may merge with Landesbank Berlin

Georg Fahrenschon, former finance minister of Bavaria, was on Monday elected as chairman of the supervisory board at Landesbank Berlin (LBB), three weeks before also succeeding Heinrich Haasis as chairman of the German savings banks association (DSGV). According to Handelsblatt, sources familiar with the matter say that Fahrenschon will soon merge LBB with the central asset management firm for the savings banks, DekaBank, as the two firms are now both controlled by the savings banks, and their activities overlap in several areas.
05/06/2012

Lehman ex-trader closes a hedge fund

Allan Bedwick, a former trader from Lehman Brothers, has decided to close his global macro hedge fund, after attempting for more than two years to increase assets in the fund, according to documents obtained by Reuters. Bedwick’s fund, whose assets under management totalled about USD120m, is based in Hong Kong. Facing ongoing uncertainties in the euro zone and concerns about a slowdown in growth, investors have been tending to steer clear of smaller alternative management actors in favour of heavyweights in the sector.

Sujets d'actualité

Tous les sujets