Le médiateur de l'AMF a été bien plus sollicité en 2011 que l'année précédente
Marielle Cohen-Branche veut améliorer l'orientation des épargnants et développer les avis du médiateur
Julius Baer maintient résolument le cap sur les marchés émergents
Ils pourraient héberger plus de la moitié des actifs gérés en 2015, contre un tiers aujourd’hui. La collecte 2012 dépasse l’objectif à moyen terme
La Chine ouvre ses marchés de capitaux aux fonds de pension étrangers
Pour stopper l’érosion des investissements étrangers, Pékin envisage d’élargir le programme QFII aux fonds de pension et aux fonds d'arbitrage
Hausse timide des ventes au détail aux Etats-Unis
Les ventes au détail aux Etats-Unis ont enregistré en avril
La Slovaquie cible une hausse de la fiscalité
Le Parlement slovaque a approuvé un programme d’austérité
LCH.Clearnet lance CDSClear à l’international
La chambre de compensation, dont le service CDSClear
Le moral des promoteurs immobiliers américains remonte
L’indice du moral des promoteurs immobiliers a rebondi en
Le marché des OPCI à un niveau record en 2011
Selon le centre de recherches IEIF, le marché des OPCI a
L'activité rebondit dans la région de la Fed de New York
La croissance manufacturière dans l’Etat de New York a
La CDU optimiste quant à une entente franco-allemande
L’Allemagne et la France parviendront à s’entendre sur une
La BCE a encore de la marge de manoeuvre, selon Christine Lagarde
Priée de dire si le président de la BCE Mario Draghi devait encore baisser ses taux, Christine Lagarde, la directrice générale du FMI, a répondu sur France 24 : «Il nous semble qu’effectivement, il a de la marge de manoeuvre, et que cette marge de manoeuvre pourra être utilisée», en précisant que la BCE était indépendante.
De nouvelles élections législatives vont se tenir en Grèce
Après l'échec des discussions entre partis politiques sur la formation d’un gouvernement de coalition, de nouvelles élections législatives vont avoir lieu en Grèce, a annoncé la présidence grecque. Un gouvernement chargé des affaires courantes sera nommé mercredi, a précisé un porte-parole de la présidence, où se déroulaient les négociations. Par ailleurs, les 436 millions d’euros d’obligations de droit étranger arrivant à maturité hier seront remboursés par l’Etat grec, a annoncé un responsable du gouvernement. Ces titres n’avaient pas été apportés à l'échange prévoyant une forte décote par les créanciers privés qui espéraient être intégralement remboursés.
Passation de pouvoir sobre entre François Hollande et Nicolas Sarkozy
François Hollande a marqué , dès son discours d’investiture de président de la République, une forte volonté de rupture avec son prédécesseur Nicolas Sarkozy et les politiques d’austérité voulues par l’Allemagne dans l’Union européenne. Il a réaffirmé sa promesse de «redresser le pays dans la justice». «Il est temps d’engager la transition énergétique et écologique, il est temps d’ouvrir une nouvelle frontière pour le développement technologique et pour l’innovation» a-t-il dit notamment. «Mais la justice, elle est aussi dans la répartition de l’effort indispensable. Ce sera le sens des réformes que le gouvernement conduira, avec le souci de récompenser le travail, le mérite, l’initiative et de décourager la rente et les rémunérations exorbitantes.» Dans l’après-midi il devrait nommer son Premier ministre avant de s’envoler vers Berlin.
La zone euro stagne, seule l'économie allemande rebondit
L'économie allemande a dépassé les attentes en affichant mardi une croissance de 0,5% au premier trimestre. Dans l’ensemble de la zone euro, la progression du produit intérieur brut a été nulle sur les trois premiers mois de l’année, selon la première estimation d’Eurostat. Au quatrième trimestre 2011, le PIB de la zone euro s'était contracté de 0,3%. L'économie française a affiché une croissance nulle et l’Italie s’est enfoncée dans la récession. Le PIB du Portugal s’est contracté de 0,1% au premier trimestre, une baisse nettement moins importante que prévu. Le PIB de la Grèce s’est contracté de 6,2% en rythme annuel au premier trimestre.
Les demandes de médiation de l’AMF ont augmenté de 30% en 2011
Le médiateur de l’Autorité des marchés financiers a reçu en 2011 1.399 demandes d’intervention, dont 881 consultations et 518 médiations, un niveau stable par rapport à 2010. Cette stabilité masque une diminution des demandes de consultations (1.001 en 2010), qui peut s’expliquer selon l’AMF par la création de la plateforme de renseignements AMF épargne info Service. En revanche, les demandes de médiation ont augmenté de 30% en 2011 par rapport à 2010. Parmi les 578 dossiers de médiation clôturés en 2011, 46 % de ceux qui ont pu donner lieu à examen du bien fondé de la demande ont abouti à un accord.
L’indice ZEW inférieur aux attentes en mai
L’indice ZEW du sentiment des analystes et investisseurs allemands s’est révélé inférieur aux attentes en mai, à 10,8 contre 23,4 en avril et 19 attendu par le marché. En revanche, le sous-indice des conditions actuelles ressort à 44,1 après 40,7 en avril.
15/05/2012
Hedge funds help save businesses from bankruptcy
The presence of hedge funds increases the chances of saving a business which enters bankruptcy protection, a university study cited by Financial Times Fund Management finds. The researchers studied 474 businesses seeking protection under Chapter 11 bankruptcy protection in the United States between `996 and 2007. Hedge funds were involved in 87% of cases, and in 60% of these businesses, the companies exited bankruptcy protection, a higher than average success rate, FT FM relates.
15/05/2012
Plus Markets Group closes its doors
The stock market for small caps, Plus Markets Group, which had hoped to rival the AIM, on 14 May announced that it is discontinuing its activities, the Financial Times reports. Plus Markets, which was founded six years ago, and which had been seeking a buyer since February this year, listed over 150 small caps.
15/05/2012
Head of currencies at Insight departs
The head of currencies at Insight, Dale Thomas, will be leaving the firm after 17 years there, Investment Week reveals. He will be joining the London-based hedge fund firm Caxton Europe Asset Management as a manager and currencies specialist.
15/05/2012
Assets under management halved at Martin Currie
Assets under management at Martin Currie totalled GBP5.6bn as of 31 December 2011, compared with GBP11.3bn as of the end of December 2010, the British asset management firm stated in its 2011 annual report. Pre-tax profits last year were down to GBP2.3m, from GBP14.1m in the 2010 fiscal year. Net profits came to GBP1.7m, compared with GBP8.9m.
15/05/2012
Schroders poaches two fund managers from UBS GAM
Schroders has hired two fund managers from UBS Global Asset Management, Alix Stewart and Konstantin Leidman, for its fixed income team.Alix Stewart, previously head of UK fixed income at UBS Global Asset Management, joins Schroders’ credit team to enhance Schroders’ multi-sector specialist mandates in investment grade credit.Konstantin Leidman, previously high yield portfolio manager at UBS Global Asset Management, joins to enhance Schroders’ multi-sector specialist mandates in European high yield.At the same time, Sarang Kulkarni, currently fund manager for segregated credit strategies at Schroders, will see his role expanded to take on co-lead portfolio management responsibilities including the flagship Schroder ISF1 Global Corporate Bond.All three portfolio managers will report to Philippe Lespinard, Schroders’ CIO of Fixed Income.Schroders Fixed Income team of nearly 100 investment professionals globally manage in excess of GBP41 billion as at 31 March 2012.
15/05/2012
Fitch places rating for SEB Investment under RWN
The financial ratings agency Fitch Ratings on 14 May announced that it has placed the M2 rating for SEB Investment on a negative watch, following the announcement of the liquidation of the Immoinvest fund.The ratings agency estimates that SEB Investment should be able to continue its activities without the support of the Immoinvest fund, but notes that the fund nonetheless represents about half of all real estate assets under management at the firm and a significant portion of its revenues.
15/05/2012
Jamie Kiggen becomes president of Riverside
The private equity firm Riverside (EUR2.5bn in assets) has announced the appointment of Jamie Keegan as its president. The co-CIOs, Béla Szigethy and Stewart Kohl, say that the former senior managing director of Blackstone will work closely with the management team and teams at Riverside worldwide, from his base in New York.He will also be chairman of the Riverside Cabinet, which includes the two co-CEOs, fund managers and the COO.
15/05/2012
AllianceBernstein recruits S&P CFO
John C. Weistensteel has been appointed as chief financial officer of AllianceBernstein L.P, effective immediately. Weisenseel will report to James A. Gingrich, COO; since 2007, he had served as senior vice president and CFO of Standard & Poor’s in the McGraw-Hill Companies group. He replaces Edward J. Farrell, who had been interim CFO since February 2011, and who will now return full time to his activities as corporate controller and chief accounting officer at AllianceBernstein.
15/05/2012
Exoé announces partnership and extends offerings
Exoé, the independent equity market execution provider, has announced a partnership with Greenwich Prime Trading Group (GPTG) to strengthen its execution capacity on north American markets, which represent up to 15% o current client orders, Agefi reports. Exoé has also recruited a head of its fixed income negotiation table, with an aim to launching a service on bond markets in early June for four clients, who with under EUR5bn still don’t have access to the books of the major banks, for secondary or primary debt, the newspaper reports.
15/05/2012
TIAA-CREF raises USD2bn
The American university pension fund TIAA-CREF, which has about USD487bn in assets under management, has raised USD2bn from institutional investors, to invest in agricultural land, the Financial Times reports. The initiative aims to participate in growth in emerging markets, to create a new long terme asset class which may at least partially replace investments in stocks and bonds, whose performance have been mediocre over the past ten years, the newspaper explains.
15/05/2012
Lyxor AM revises its organisation in passive management
Lyxor Asset Management has announced that it is scaling up its organisation with the creation of a new business unit dedicated to ETF and index-based investment solutions. The grouping of activities will aim to strengthen the growth of Lyxor in the ETF market, while offering clients a complete range of solutions in the area of index-based management, a statement says. “In this way,” Lyxor AM says, “we can respond to a strong trend among our international clients, who are seeking to invest both in a wide range of ETF funds, and in index-based products worldwide.”The team will be led directly by Alain Dubois, chairman of the board at Lyxor Asset Management. In addition to his role as head of ETFs for Europe, Simon Klein is appointed as global head of development for ETF & index-based solutions activities, and becomes a member of the executive board at Lyxor. He will work closely with Dubois and Christophe Baurand, global head of business development at Lyxor.Klein will be assisted in his new role by Nizam Hamid, head of ETF products, and François Millet, head of index-based solutions, who will oversee product development and strategy.
15/05/2012
Daniel Fighiera becomes director of management at Tocqueville Finance
Tocqueville Finance has appointed Daniel Fighiera as director of management. He replaces Marc Tournier, who left the asset management firm at the beginning of this year.Fighiera, 47, had been manager of the OPCVM fund Petites et Moyennes Capitalisations Zone Euro at Rothschild & Cie Gestion, where he began in 2004, after working at Crédit Lyonnais AM from 1997 as head of European midcaps management, and then from 2002 as head of management for European equities.
15/05/2012
Record subscriptions for MFS
The Canadian insurer Sun Life Financial has announced that its US affiliate MFS Investment Managemetn has posted operating profits in first quarter of USD70m, compared with USD66m in October-December and USD67m in the corresponding period of last year. Net profits totalled USD49m, compared with USD31m and USD42m for first and fourth quarter 2011.Assets as of the end of March totalled USD284.8bn, compared with USD253.2bn as of the end of December, and USD268.1bn one year previously. Net subscriptions contributed USD5.9bn to the increase, compared with USD1.7bn in fourth quarter 2011, and USD1.8bn in January-March 2011, while market effects were positive to the tune of USD25.7bn, compared with USD15.1bn and USD9.8bn.
15/05/2012
An appointment and a job opening at Carmignac Gestion
Carmignac Gestion has appointed Nick White as sales manager, based in its London office and reporting to head of country, Matthew Wright. He will take up his position at the end of June.Nick White will focus on developing the firm’s presence among discretionary fund managers and wealth advisors across the UK. He has previously worked with Martin Currie and Invesco Perpetual. Separately, according to Newsmanagers, Carmignac Gestion is looking for a head of marketing in Paris after the recent departure of Laurence Bertrand.