Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
18/03/2009

Allemagne - Carsten Maschmeyer quitte la tête d'AWD

Fondateur et désormais co-président du directoire d’AWD, Carsten Maschmeyer a décidé de quitter son poste à la tête du prestataire allemand de services financiers. Il va entrer au conseil d’administration de Swiss Life, compagnie dont il détient 8 % du capital, rapporte la Frankfurter Allgemeine Zeitung. Dans ses nouvelles fonctions, il a l’intention de se focaliser sur le développement stratégique et sur l’internationalisation.
18/03/2009

Europe - DWS lance un fonds pour battre le monétaire

DWS (groupe Deutsche Bank) lance le fonds DWS Invest Sovereign Plus, un fonds dont l’objectif est une performance de 100 points de base supérieure à celle de l’indice Iboxx Eurozone Sovereign, qui mesure le rendement de la dette d’Etat de la zone euro sur 3-5 ans, rapporte Cinco Días. La commission de gestion pour le retail, en Espagne, se situe à 1,2 %.
18/03/2009

Allemagne - Les fonds immobiliers comptent sur des performances de 4-5 % en 2009

Selon un enquête du Handelsblatt auprès des sociétés de gestion de fonds immobiliers offerts au public, il ne faut pas s’attendre à des dépréciations importantes des immeubles qui se trouvent dans les portefeuilles, parce qu’il s’agit le plus souvent d’actifs de la meilleure qualité qui sont donc moins impactés par la crise que le restant du marché. En moyenne, les gestionnaires comptent pour cette année sur des performances comprises entre 4 et 5 %, du moins pour les fonds qui sont investis en Europe. La seule exception est Axa IM, qui prévoit pour le Immoselect une performance de 3-3,5 %. En 2008, la performance moyenne des fonds immobiliers offerts au public a été de 4,7 %. Elle était revenue à 4,3 % sur un an en février, d’après les calculs de l’association allemande BVI des sociétés de gestion.
18/03/2009

Monde - L'encours des fonds latino-américains a diminué d'un quart en 2008

Selon le palmarès de Fund Pro publié par Funds People, l’encours des fonds domiciliés en Amérique latin était tombé à moins de 600 milliards de dollars fin décembre contre un record de 745 milliards douze mois plus tôt. Les deux premiers acteurs sont brésiliens : Banco do Brasil et Bradesco affichent des actifs sous gestion de respectivement 94,9 milliards et 65,4 milliards de dollars, avec des parts de marché de 17 % et 11,7 %.Le Santander et le BBVA se classent en quatrième et neuvième positions avec 48,2 milliards et 14,6 milliards. BNP Paribas arrive à la 17ème place avec 5,82 milliards.
18/03/2009

France - Condamnation du fonds Acland pour licenciement illicite

Selon l’Agefi, Acland, un fonds majoritaire dans une société sous LBO, a été condamné pour licenciement illicite, les juges ayant notamment retenu le motif de licenciement irrégulier face à l’inexistence ou l’insuffisance de plan de sauvegarde de l’emploi, au sein de cette société placée en liquidation judiciaire. Des dommages et intérêts seront versés aux salariés et cette décision pourrait faire jurisprudence, estime le quotidien numérique, même si cette décision peut être réformée en appel.
18/03/2009

France - Réforme financière : les banques offensives

Selon Les Echos, la Fédération bancaire française (FBF) a détaillé mercredi une série de propositions qui sont destinées à réformer le système financier. Elles évoquent quatre thèmes principaux : l’institutionnalisation de la surveillance et de l’organisation des marchés au niveau international, la meilleure prise en compte du risque systémique, la création d’outils communs nécessaires au fonctionnement des marchés (chambres de compensation) et enfin le renforcement de la supervision des banques.
18/03/2009

Etats-Unis - Subprime : l'immobilier américain retrouve des couleurs

A l’origine de l’interminable crise des subprimes, l’immobilier US donne, selon La Tribune, de signes de convalescence. Ainsi, en février, on relève une augmentation de 22,2% des mises en chantier et de 3% des permis de construire., rapporte le quotidien. «Ces nouvelles, qui demanderont à être confirmées dans les mois à venir, sont encourageantes pour l'économie américaine, où la reprise des marchés de l’immobilier et de la construction est considérée comme l’une des clés de la reprise économique», commente La Tribune.
18/03/2009

Etats-Unis - Les hedge funds vont profiter des aides gouvernementales à AIG

Quelques-uns des milliards de dollars d’aides fournies par le gouvernement américain pour renflouer American International Group (AIG) vont profiter à des hedge funds qui ont parié sur la chute du marché de l’immobilier résidentiel, selon les proches du dossier. Il s’agit de transactions parfaitement légales, souligne The Wall Street Journal : des banques d’investissement comme Goldman Sachs et Deutsche Bank ont vendu aux hedge funds des CDS qui permettaient aux hedge funds de jouer une montée des défauts sur les hypothèques, ce qui a finalement obligé AIG à fournir des milliards de dollars de collatéral, notamment aux banques qui étaient ses contreparties. Le journal rappelle que, sur les 173,3 milliards d’aides gouvernementales perçues par AIG, celles concernant les paris sur le résidentiel ont coûté au contribuable environ 52 milliards.
18/03/2009

Etats-Unis - Les Représentants veulent passer les bonus de Merrill au scanner

Le démocrate Edolphus Towns, président de la commission Oversight & Governement Reform de la Chambre des Représentants, réclame à Bank of America (BofA) la communication de toutes les informations concernant les 3,62 milliards de dollars de primes versées en fin d’année dernière par Merrill Lynch, rapporte the Wall Street Journal. Merrill Lynch a été acheté par BofA au 1er janvier 2009.
18/03/2009

Europe - Future of VaR funds is uncertain

The rapid convergence of hedge funds and traditional asset management may sound a death knell for VaR funds, if the Committee of European Securities Regulators (CESR) decides that ?value at risk? is no longer an adequate measure of risk for sophisticated UCITS funds, Financial Times Fund Management predicts in its 16 March edition. The abandonment of VaR as a measure of risk for UCITS funds would cause consternation in the management sector, FT FM predicts.
18/03/2009

China - Regulator approves three investment firms

The Chinese market regulator has granted permission to three new foreign financial services companies to invest on the domestic capital markets, Financial Times Fund Management reports on 16 March. The newly-licensed companies are Hanwha Investment Trust Management; Emerging Markets Management, a company based in Virginia, USA; and DWS Investment.
18/03/2009

World - Russell Global Index to include seven IPOs

Russell Investment will include seven IPOs in the Russell Global Index from 31 March. One of them will also be added to the Russell 3000® Index of American shares, while two will be added to the Russell Greater China Index. One each will be added to the Russell Kuwait, Russell Singapore, Russell South Korea, and Russell United Kingdom indexes.
18/03/2009

Switzerland - Profits down at Partners Group

Partners Group, whose assets remained stable last year at CHF24.4bn, thanks to gross infows of CHF6.2bn, which compensated for outflows as well as for currency and market effects of CHF6.2bn, has posted net profits by IFRS accounting standards of CHF171m, compared with CHF255m in 2007, and CHF154m in 2006. Revenues increased 6% to CHF328m, while EBITDA increased 4% to CHF240m. Adjusted net profits, excluding the valuation of certain derivatives related to insurance policies, fell to CHF213m, compared with CHF228m.
18/03/2009

Spain - Epsilon to launch first fund of hedge funds

Epsilon Gestion Alternativa, the Spanish affiliate of Permal which received its license from the CNMV in September, will soon launch its first fund of hedge funds, which will be entitled BrightGate Capital, Funds People reports. The team includes four former managers from Merrill Lynch and Credit Suisse, and one veteran of Santander Securities.
18/03/2009

World - Assets in Latin American funds down by one quarter in 2008

According to Fund Pro rankings published by Funds People, assets in funds domiciled in Latin America fell to less than USD600bn at the end of December, from a peak of USD745bn twelve months earlier. The top two actors are Brazilian: Banco do Brasil and Bradesco have respective assets under management of USD94.9bn and USD65.4bn, and respective market share of 17% and 11.7%.Santander and BBVA are in fourth and ninth place, with USD48.2bn and USD14.6bn. BNP Paribas is in 17th place, with USD5.82bn.
18/03/2009

Germany - Carsten Maschmeyer quits as head of AWD

The founder and now co-chairman of the board at AWD, Carsten Maschmeyer, has decided to quit his job as head of the German financial services provider. He will join the board of Swiss Life, a company in which he owns an 8% stake, the Frankfurter Allgemeine Zeitung reports. In his new role, he plans to focus on development of strategy and internationalisation.
18/03/2009

France - Three new appointments at Lazard Frères Gestion

Lazard Frères Gestion has announced three appointments as part of a reconfiguration of its activities. François de Saint-Pierre will become head of private management activities at the management firm. Saint-Pierre, who joined the group in 1993, became a managing partner at Lazard Frères Gestion in 2003, and then a managing partner at Lazard Frères Paris and Managing Director of Lazard LLC in 2007. He will work to continue and accelerate the development of private management activities, particularly in areas such as the organisation of wealth, asset allocation, and the investment process. Matthieu Grouès will assume the newly-created position of director of management at Lazard Frères Gestion. He will retain his responsibilities as head of strategy and asset allocation. His mission will be to coordinate and develop institutional and collective management in a manner that is coherent with Lazard Frères Gestion’s macroeconomic scenario. Régis Bégué has been director of research at the equities management firm since 1 January 2009. Before that, from 2005 he was in European equities management as an analyst, in charge of the pharmaceuticals, utilities and automotive sectors. His mission will be to maintain the good track record the firm has established over the past 10 years, while continuing to improve the investment process and enrich the product range.
18/03/2009

Germany - iShares lists seven new ETFs on Deutsche Borse

On Tuesday, Deutsche Börse admitted seven new ETFs from iShares (a brand from Barclays Global Investors, or BGI) onto the XTF segment of its Xetra electronic trading platform. Three are bond products, while the other four are based on equities indexes. All of them are German-registered products.The new products include the iShares JPMorgan $ Emerging Markets Bond, ? Covered Bond et Global Inflation-Linked Bond. D’autre part, iShares fait coter trois ETF de petites capitalisations : S&P Small Cap 600, MSCI Japan Small Cap and MSCI AC Far East Ex-Japan Small Cap.The seventh new product is the iShares S&P Emerging Markets Infrastructure, whose underlying index includes the 30 largest companies involved in the development of infrastructure in emerging countries. With these new ETFs, the total number of products available on the XTF segment comes to 420.
18/03/2009

Singapore - Clariden Leu recruits a new head for Asia

The Clariden Leu private bank (Credit Suisse group) on Tuesday announced the appointment of Jimmy Lee Kong Eng as ?head Asia.? In this position he will succeed Stefan Hausherr, who held the position in the interim, and who will remain as head operations and branch manager in Singapore. Jimmy Lee Kong spent four and a half years as head of private wealth management South East Asia/South Asia at Deutsche Bank in Singapore, with a team of 150 people under his responsibility.
18/03/2009

Europe - DWS launches a fund which aims to outperform money markets

DWS (Deutsche Bank group) is launching the DWS Invest Sovereign Plus fund, which will aim for performance 100 basis points higher than the Iboxx Eurozone Sovereign, which measures returns on 3-5 year Euro zone government debt, Cinco Días reports. Management commission for retail shares in the fund in Spain is 1.2%.
18/03/2009

United Kingdom - Aviva to suspend securities lending to hedge funds

Aviva is planning to suspend securities lending to hedge funds, the Financial Times reports. The insurer believes it has been targeted by short-sellers, and that hedge funds are responsible for a 40% fall in its share price in 48 hours two weeks ago. The British group has also shared its concerns with other European insurers.
18/03/2009

United States - BNY Mellon forms an advisory board for sovereign clients

David Jiang, head of BNY Mellon Asset Management for Asia-Pacific, and Hani Kablawi, head of Middle East & Africa, will be co-chairs of the new Sovereign Advisory Board at BNY Mellon, which will be composed of high-level executives representing the group’s various professions (asset management, asset servicing, issuer services, compensation activities, and treasury). The goal of the new board will be to ensure the best possible service to sovereign funds, sovereign pension funds, central banks, monetary authorities, and other government-controlled entities among the firm’s clients.
18/03/2009

United States - Heavy losses for CalPERS

In fourth quarter 2008, CalPERS (USD183.3bn in assets) posted losses of 13.7%, despite returns of 2.3% on its USD44.6bn bond portfolio, Global Pensions reports. Over one year, losses total 27.1%, and over three years, they total 2.5% per year.Documents examined on Monday by the board reveal that total risk for the fund has more than doubled in the past twelve months, to a total of 17% for the coming year.
18/03/2009

Spain - Flagship hedge fund from BBVA to become white-label product

BBVA has decided to close down its alternative management division. One of the firms affected, Próxima Alfa, has decided to negotiate with other managers to export its model as a white-label product under the brand name of the distributor. According to Expansión, the first fund concerned will be Próxima’s flagship, the Accurate Global Assets fund, managed by Narciso Vega and Igor Alonso. Assets in the fund fell to USD35.45m from USD100m when BBVA withdrew, but the fund has posted performance of 8.8% since the beginning of the year.
18/03/2009

Switzerland - UBS: Two managers return to the fold

UBS has announced that two big names have returned to its asset management division, Handelsblatt reports. René Mottas has rejoined the group from Goldman Sachs, to lead European wealth management, while Joseph Stadler is leaving JP Morgan to lead the VIP clients division.
18/03/2009

Germany - DEGI satisfied with relaunch of DEGI International

Bärbel Schomberg, CEO of DEGI (Aberdeen Property Investors group), estimates that the reopening of the real estate fund DEGI International to redemptions has been a success, the Börsen-Zeitung reports. After heavy initial redemptions, subscriptions and withdrawals have now reached near equilibrium.
18/03/2009

Liechtenstein - Limited net outflows for LGT Group

As of the end of 2008, assets at LGT Group totalled CHF78bn, which represents a contraction of CHF24.8bn compared with the end of 2007. Most of the decline is due to market effects, while net redemptions totalled only CHF1.3bn, as the banking affiliates in Germany, Austria, Switzerland and Singapore and asset management all posted strong net inflows.The bank owned by the royal family has declared net profits for last year of CHF163m, compared with CHF255m (-36%) and a cost/income ratio which has deteriorated slightly to 68% from 66%. As of 31 December, the ratio of Tier 1 owners’ equity stood at 16.5%, compared with 17.8% one year previously.

Sujets d'actualité

Tous les sujets