Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
10/10/2014

M&G Investments se renforce en Allemagne

Le gestionnaire de fonds britannique M&G Investments a renforcé son équipe de distribution en Allemagne avec le recrutement de Torsten Honigs qui prendra en charge le nord et l’ouest de l’Allemagne, rapporte le site Das Investment.Torsten Honigs travaillait précédemment chez Oppenheim Fonds Trust où il était en charge de la distribution de fonds ouverts au public dans les mêmes régions.
10/10/2014

Commodity ETPs pay the price for dip in prices

p { margin-bottom: 0.1in; line-height: 120%; } Exchange-traded products (ETP) backed by commodities in third quarter saw their assets under management fall by more than 10%, to USD110.7bn, their lowest level since the beginning of 2010, according to ETF Securities. The specialist issuer attributes virtually all of this setback on a dip in prices of underlying assets, while net redemptions to investors were limited to USD550m in the period under review. These modest withdrawals from funds are largely a result of the fact that many ETP shareholders had already liquidated their positions last year. Investors have also largely oriented themselves to the mid- and long-term markets, which are less sensitive to price fluctuations. Gold ETPs alone represent 60% of the outflows of assets under management. Products backed by gold fell by 10%, to USD69bn. This contraction is less severe, however, than the one seen last year when gold prices fell sharply.
10/10/2014

European socially responsible investment market in double-digit growth

All responsible investment strategies have grown at double-digit rates between 2011 and 2013, according to Eurosif’s latest study of 13 European countries.Growth rates range from +22.6% (sustainability themed) to +132% (impact investing). This compares to an estimated +21.7% for the broad European investment market, according to the European Sustainable Investment Forum.Exclusions cover more assets than any other SRI strategy and have the most consistent usage across Europe. Voluntary exclusions related to Cluster Munitions and Anti-Personnel Landmines (CM&APL) are most common. They cover about 30% (EUR5.0 trillion) of the European investment market.For the first time, the study provides a growth figure for impact investing, which was the fastest growing strategy in Europe, exhibiting +132% growth since 2011. It has grown to an estimated EUR20 billion market.Other strategies like norms-based screening or engagement and voting also exhibit impressive adoption rates (70% and 86% respectively) and assets but are not deployed as consistently as exclusions across countries. The European SRI market remains heterogeneous. Finally, the most prevalent perceived market driver for the near future remains institutional demand.
10/10/2014

BlackRock increases stake in Lundin Mining

p { margin-bottom: 0.1in; line-height: 120%; } BlackRock has acquired about 13 million shares in the Sweish business Lundin Mining in the past two days, and now holds 59.2 million shares, Realtid.se reports. That represents a 10.1% stake in the capital of the mining group.
10/10/2014

Universal Investment launches a fund with AHP Capital Management

p { margin-bottom: 0.1in; line-height: 120%; } The boutique AHP Capital Management and Universal Investment are joining forces to launch a new fund, the AHP Aristoteles Fonds UI (ISIN DE000A1111G8). It is a diversified fund specialised in European equities. If the management team is unable to adequately identify attractive companies using fair value criteria, the bond portion of the portfolio is increased.
10/10/2014

Kevin Lecocq appointed as global head of products at UBS Global AM

p { margin-bottom: 0.1in; line-height: 120%; } UBS has made a series of changes to the management of its Global Asset Management (Global AM) division. Kevin Lecocq will on 1 November begin in his position as global head of products, based in Zurich, and will simultaneously become a member of the Global AM executive committee. Lecocq has 20 years of experience, and joins from Deutsche Bank, where he had recently been global chief invetment offiver at Deutsche Bank Private Wealth Management, according to an internal memo from the CEO of Global AM, Ulrich Körner, which was obtained by the news agency AWP. Meanwhile, Andreas Schlatter becomes global head of distribution. He has worked for several years in asset management at the bank, and is already a member of the Global AM executive committee. Various regional distributino centres have also been created. They are led by Shawn Lyle (Americas), Andreas Schlatter (Switzerland, EMEA), and René Bühlmann (APAC). These directors will aim to significantly and sustainably increase profits in their regions. In the memo, Körner also confirms the profit objectives presented in May during investor day. In the mid-term, Global AM aims to earn pre-tax profits of CHF1bn. In the first two quarters of 2014, cumulative profits totalled CHF227m.
10/10/2014

Banca Mediolanum posts inflows of nearly EUR3.5bn since January

p { margin-bottom: 0.1in; line-height: 120%; } Banca Mediolanum in September posted net inflows of EUR176m to its funds, including EUR148m via MyLife. Since the beginning of the year, the Italian bank has posted net inflows of EUR3.499bn, 7% more than the record set in the corresponding period of 2013. Ennio Doris, CEO of the bank, has promised that the EUR4bn threshold would be passed this year, according to the website Milano Finanza.
10/10/2014

M&G Investments recruits in Germany

p { margin-bottom: 0.1in; line-height: 120%; } The British fund management firm M&G Investments has added to its distribution team in Germany with the recruitment of Torsten Honigs, who takes charge of northern and western Germany, the Das Investment website reports. Honigs had previously worked at Oppenheim Fonds Trust, where he had been in charge of distribution for open-ended funds in the same regions.
10/10/2014

Brandywine Global appoints a co-head of global macro research

p { margin-bottom: 0.1in; line-height: 120%; } Brandywine Global, an affiliate of Legg Mason, has announced the arrival of Chen Zhao at the firm as co-head of Global Macro research. Chen, who will begin in the position on 1 January 2015, will work alongside his former colleague from BCA Research Group, Francis Scotland. They will work jointly to develop internal macroeconomic research at the asset management firm. Zhao had been chief strategist at BCA Research Group, one of the first global players in research and investment strategy. At BCA, he was responsible for global investment strategy and the launch of the China Investment and Emerging Markets strategies. He was previously professor at the Central University of Finance and Economics in Beijing, and also served as senior adviser to various government bodies in the People’s Republic of China.
10/10/2014

Pierre Schoeffler becomes senior global asset allocation adviser to La Française

p { margin-bottom: 0.1in; line-height: 120%; } La Française is taking on board Pierre Schoeffler as a senior global asset allocation advisor. He will be authorised to act transversally across asset classes covered by the group, a statement says. “Pierre will rely on his experience, his advice and his quantitative tools to formalise our startegic reflections on allocation through a quantitative approach to various asset classes,” says Xavier Lépine, chairman of the board at the La Française group. “Our richness is in the diversity and originality of the solutions and approaches we offer, and our ambition is to optimise the grouping with Pierre’s strategic portfolio vision. In the low-interest rate universe that we know, our objective is to help our clients manage this challenge, by providing them with a complete service and a 360-degree vision of asset allocation, including all asset classes from real estate to bonds, equities, and hedge funds,” he continues. Schoeffler, 60, is an engineering graduate of the Ecole Polytechnique and the Ecole Nationale de la Météorologie. In 2004, he founded S&Partners, a strategic financial and alternative asset allocation consulting firm, including real estate. Schoeffler is also senior adviser to the IEIF.
10/10/2014

SGSS Tunisia wins mandate from RBC Investor & Treasury Services

p { margin-bottom: 0.1in; line-height: 120%; } Société Générale Securities Services (SGSS) in Tunisia has been awarded a mandate by RBC Investor & Treasury Services (RBC I&TS) to act as custodian in the country. SGSS has been offering securities services in Tunisia via the Union Internationale de Banques (UIB), an affiliate of Société Générale, since 2013. The range of services offered by SGSS in Tunisia includes global and local custody services and compensation and settlement/delivery for all asset classes, depository banking, and services to issuers.
10/10/2014

Outflows from Japan limit rise of assets at Polar Capital

p { margin-bottom: 0.1in; line-height: 120%; } Assets under management at Polar Capital rose by only 1% in the six months to the end of September, to a total of USD13.4bn. Due to the strong rise seen in the previous six months, assets are up by more than 17% over 12 months. However, in the six months to the end of September, the growth in assets was slowed by net redemptions of USD425m from long-only products, which outflows were largely due to redemptions from Japanese equity UCITS funds, after very strong growth in asstes under management. The good performance of the markets, however, brought in USD549m for long-only products. Alternative funds posted flat returns, but inflows of USD117m in the period.
10/10/2014

New mandate for Northern Trust

p { margin-bottom: 0.1in; line-height: 120%; } The Northern Trust group has won a mandate from the new asset management firm Woodford Investment Management, to provide outsourcing services and investment operations, to include depository services, reporting, custody and accounting.
10/10/2014

Alken adds two specialists to investment team

European equity specialist Alken Asset Management has added two experienced analysts to its highly regarded investment team. Alken founder Nicolas Walewski says the addition of Michael Aubourg and Nicolas Descoqs further reinforces Alken’s long standing commitment to client service and delivering outsized alpha for investors. Aubourg – an analyst in the food, beverages, tobacco and household & personal care industries – joins from Credit Suisse in Paris, where he was an associate in the group’s French investment banking division. Before Credit Suisse, Aubourg spent three years at Lazard in the M&A and restructuring teams. He started his career in the research department of the IMF in Washington DC, assisting economists with quantitative models and econometric analysis. Descoqs – an analyst in the oil & gas, metals & mining, and aerospace & defence industries – joins from exploration and production giant ConocoPhillips, where he started his career in 2005. At ConocoPhillips, Descoqs worked on a number of high level assets across the world. He began as a drilling and completions engineer in Norwegian and Chinese offshore oilfields, before becoming a project engineer in Houston.
10/10/2014

Slivio Berlusconi devra s'alléger chez le gérant Mediolanum

Les transactions sur le titre du gérant d’actifs italien ont été suspendues ce matin en Bourse de Milan, après un recul de près de 5% consécutif à l’information suivant laquelle Fininvest, holding de l’ex-président du Conseil Silvio Berlusconi, devait sensiblement réduire sa participation. Fininvest détient 30% environ du capital de Mediolanum. Elle a expliqué hier que la Banque d’Italie et le régulateur des assurances Ivass lui avaient ordonné de ramener sa participation à 9,9% au plus.
10/10/2014

AltaFund rachète l'immeuble d'Allianz rue de Richelieu à Paris

AltaFund, le fonds d’investissement dans l’immobilier de bureaux d’Altarea Cogedim, a signé une promesse engageante avec Allianz Vie pour l’acquisition de l’immeuble de l’assureur allemand rue de Richelieu à Paris. L’acquisition définitive interviendra dès la libération de l’immeuble par les équipes d’Allianz, prévue entre fin 2015 et début 2016. L’immeuble sera ensuite réhabilité par l’agence Wilmotte & Associés pour une livraison prévue en 2018. Le montant de la transaction n’est pas communiqué.
10/10/2014

L'Europe veut rassurer sur le TTIP

Les Etats européens ont publié hier le mandat de négociation adopté en 2013 pour le partenariat commercial avec les Etats-Unis (TTIP). Objectif : faire taire les critiques au sujet du manque de transparence des discussions. Sept cycles de négociations ont déjà eu lieu sur le TTIP.
10/10/2014

Old Mutual améliore son offre sur Quilter Cheviot

Le groupe de services financiers sud-africain coté à Londres a relevé son offre de 50 millions de livres sur le gérant de fortune britannique Quilter Cheviot. L’offre s'établit désormais à 650 millions de livres. Selon la chaîne de télévision, un accord pourrait être scellé «d’ici quelques semaines». Bridgepoint, le propriétaire de Quilter Cheviot, n’a pas abandonné l’idée d’une IPO pour la société.
10/10/2014

James Bullard s’inquiète d’un décalage entre les marchés et la Fed

Le président de l’antenne de Saint Louis de la Réserve fédérale s’est dit préoccupé hier par la divergence entre les anticipations des marchés financiers et le discours de la Fed sur ses taux d’intérêt. «De mon point de vue, les marchés se trompent», a déclaré James Bullard, qui ne vote pas actuellement aux réunions monétaires de la Fed.
10/10/2014

Berlin étudie les moyens de stimuler l'investissement

Le gouvernement allemand étudie selon Angela Merkel les moyens de stimuler l’investissement, à la suite de nouvelles statistiques montrant que la première économie d’Europe pourrait être tombée en récession au troisième trimestre. La chancelière allemande a indiqué que les chefs de file des partis de la coalition au pouvoir avaient étudié la question lors d’une réunion cette semaine.
10/10/2014

Alenka Bratusek renonce à la Commission européenne

L’ancienne Première ministre slovène a renoncé à sa nomination au poste de vice-présidente de la commission européenne chargée de l'énergie. Sur les 27 personnalités choisies par l’ancien Premier ministre luxembourgeois, seule Alenka Bratusek n’a pu obtenir l’aval des eurodéputés. Le gouvernement slovène doit maintenant désigner un autre candidat.
10/10/2014

Les taux à 10 ans allemand et français sont au plancher

Les rendements des emprunts d’Etat allemand et français à 10 ans sont tombés hier à de nouveaux plus bas historiques après que la Fed a clairement exprimé ses inquiétudes sur l'économie mondiale et laissé entendre que sa politique monétaire de taux bas était appelée à durer. Le rendement du Bund à 10 ans a touché 0,859%, tandis celui de l’OAT de même maturité est tombé à 1,205%.
10/10/2014

Mario Draghi voit le bout du tunnel sur le crédit bancaire

Le crédit bancaire, dont l’anémie constitue l’une des principales entraves à la croissance de la zone euro, devrait se redresser sensiblement au début de l’an prochain, a estimé hier le président de la BCE. L’assainissement imposé aux banques par le biais d’un examen de la qualité des actifs et des tests de résistance doit en principe les encourager à prêter davantage à l'économie de la zone euro.
10/10/2014

Le pétrole termine en forte baisse à New York

Les cours du pétrole ont connu une nouvelle chute sur le Nymex hier, avec le Brent qui a fini sur la barre symbolique des 90 dollars après l’avoir enfoncée pendant la séance pour la première fois depuis juin 2012. Le Brent de mer du Nord a lâché 1,33 dollar ou 1,46% à 90,05 dollars après un plus bas de 89,67. «L’approvisionnement est là, les stocks sont élevés et la demande en Europe est catastrophique», résume Michael Hewson, analyste chez CMC Markets.
10/10/2014

Bill Gross tempère les attentes des investisseurs

L’ancien gérant vedette de Pimco, qui vient de rejoindre Janus Capital, a estimé que les investisseurs devaient dire «bye-bye» à l’époque des rendements à deux chiffres. «Ce n’est plus comme avant, il faut s’adapter à une nouvelle normalité où la croissance économique mondiale progresse à un rythme très lent», a-t-il estimé lors d’un webcast.

Sujets d'actualité

Tous les sujets