Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
18/12/2012
Fonds

BNP Paribas Aqua obtient le label LuxFLAG

La Luxembourg Fund Labelling Agency (LuxFLAG) a annoncé avoir accordé au fonds BNP Paribas Aqua le label Environnement. Ce fonds est, selon l’association, le premier fonds domicilié en France à l’obtenir. Auparavant, cinq autre fonds ont reçu ce label. Il s’agit de Green for Growth Fund, Southeast Europe SA, Living Planet Fund - Global Environment, Lux-Equity Eco Global, Parvest Environmental Opportunities et Parvest Global Environment.
Fonds
18/12/2012
Fonds

Les actifs du mutual fund d'Arden s'élèvent à 700 millions de dollars

Le multi-hedge mutual fund lancé récemment par Arden Asset Management a collecté plus de 700 millons de dollars à la date du 17 décembre 2012, selon un communiqué publié le même jour par la société spécialisée dans la gestion alternative.Le nouveau fonds, Arden Alternative Strategies Fund, qui investit dans neuf gestionnaires de hedge funds dont Chilton Investment, Jana Partners ou encore York Capital Management, offre aux investisseurs un accès à des des stratégies de hedge funds dédiées et vise une appréciation du capital. Les actifs sous gestion d’Arden Asset Management s'élèvent à environ 7,5 milliards de dollars.
Fonds
18/12/2012
Fonds

Vontobel lance un fonds d'actions développement durable

Le suisse Vontobel Asset Management a annoncé le 17 décembre le lancement officiel d’un fonds d’actions mondiales de sociétés leaders dans le domaine du développement durable. Le Sustainable Global Leaders, un compartiment de la sicav de droit luxembourgeois Vontobel Funds, démarre avec un encours d’environ 100 millions de dollars. Il est géré par Roger Merz, directeur de l'équipe global equities.Le portefeuille sera investi dans des titres de sociétés qui se distinguent par un rendement élevé des fonds propres, une position concurrentielle favorable, une situation bénéficiaire confortable et une forte génération de liquidités. En plus, elles doivent faire face efficacement aux défis en matière d’environnement, d’aspects sociaux et de gouvernance (ESG).Caractéristiques :Dénomination : Vontobel Fund (SICAV) – Sustainable Global LeadersCodes Isin : Part A LU0848325295 Part B LU0848325378 Part I LU0848325618Part H-CHF LU0848326186 Part H-EUR LU0848326269Indice de référence : MSCI World Index TR netCommissions de gestionParts retail : 1.5%Parts institutionnelles : 0.75%
Fonds
18/12/2012
Fonds

Lyxor AM fait coter deux ETF supplémentaires à Francfort

Le 17 décembre, grâce à l’admission de deux nouveaux ETF de Lyxor Asset Management (groupe Société Générale) de droit luxembourgeois, l’un d’actions, l’autre de volatilité, la cote du segment XTF de la plate-forme électronique Xetra (Deutsche Börse) s’est enrichie de deux nouvelles références, remontant ainsi à un total de 1.006 le nombre d’ETF cotés à Francfort contre 1.004 fonds. Il avait en effet diminué entre-temps de cinq unités par rapport aux 1.009 ETF enregistrés au 28 novembre.Caractéristiques :Dénomination : Lyxor ETF SG Global Quality Income NTR Share Class D-EURCode Isin : LU0832436512Indice de référence : SG Global Income NTR IndexTaux de frais sur encours : 0,45 %Dénomination : Lyxor ETF S&P 500 VIX Futures Enhanced RollCode Isin : LU0832436512Indice de référence : S&P 500 VIX Futures Enhanced Roll IndexTaux de frais sur encours : 0,60 %
Fonds
18/12/2012
Fonds

Union acquiert un hôtel de Barceló à Hambourg

Pour son fonds immobilier offert au public UniImmo: Deutschland, Union Investment Real Estate a acheté l’hôtel Barceló Hamburg, qui va rejoindre le portefeuille de 1,6 milliard d’euros d’actifs hôteliers du gestionnaire allemand. Le montant de la transaction n’a pas été divulgué.Le Barceló Hamburg a été livré en mars 2012 ; il compte 15 suites et 179 chambres, un restaurant, un centre de conférence et des places de parking. Le UniImmo: Deutschland possède déjà dans la métropole hanséatique un hôtel Marriott et un hôtel Scandic.D’autre part, UIRE prépare pour mars l’acquisition du Barceló Raval de Barcelone, qui sera affecté au portefeuille du fonds immobilier offert au public UniImmo: Europa, dont ce sera le premier investissement hôtelier en Espagne. Le montant de la transaction n’a pas été dévoilé non plus.
Fonds
18/12/2012

Nomination chez Ashcourt Rowan

Le britannique Ashcourt Rowan vient de nommer Emily Morris en qualité de responsable marketing pour le groupe, rapporte Fundweb.Emily Morris travaillait précédemment chez Rathbone Brothers.
18/12/2012

Fidelity recrute un gérant actions US

Fidelity Worldwide Investment vient de recruter Peter Kaye en tant que gérant d’actions américaines. Il rejoindra la société au premier trimestre 2013, en provenance de Dalton Strategic Partnership où il gère deux fonds actions d’Amérique du Nord.Peter Kaye va reprendre la gestion du fonds Fidelity Investment Funds (FIF) American Fund, représentant un encours de 1,6 milliard de dollars, jusqu’ici géré par Aris Vatis. Ce dernier a démissionné et quittera la société le 21 décembre. Dans la période intermédiaire, le fonds sera piloté par Adrian Brass, qui continuera à s’occuper du Fidelity Funds America. En revanche, il cèdera la responsabilité du FIF American Special Situations à Angel Agudo. Cela lui permettra de lancer un nouveau fonds actions US au premier semestre 2013.Enfin, Aditya Khowala va prendre la responsabilité du Fidelity Funds American Growth Fund, actuellement géré par Aris Vatis.
18/12/2012

Vanguard AM lance un site éducatif sur les ETF

Vanguard Asset Management a lancé un nouveau microsite éducatif - Vanguardlearning.co.uk - destiné à aider les conseillers financiers à enrichir leurs connaissances en matière d’ETF alors que la RDR (Retail distribution review) va entrer en vigueur.En effet, la nouvelle réglementation va imposer aux conseillers financiers de faire au moins 21 heures de formation (Continuing Professional Development ou CPD). Dans le même temps, Vanguard prédit que la RDR va favoriser le recours aux produits passifs à bas coûts dont les ETF par les conseillers, en vue de maîtriser les coûts.
18/12/2012

Lansdowne Partners remporte un mandat de gestion

Le trust d’investissement britannique Witan vient d’attribuer un mandat de gestion au spécialiste de la gestion alternative Lansdowne Partners, rapporte Investment Week.Lansdowne aura la responsabilité d’un mandat d’une trentaine de millions de livres dans un premier temps pour la gestion d’un portefeuille d’actions internationales. Lansdowne devrait appliquer pour ce portefeuille une stratégie long only sur les marchés développés mise en place récemment.
18/12/2012
Fonds

Morgan Stanley ferme aux nouveaux souscripteurs son fonds Global Brands

Morgan Stanley a fermé aux investisseurs particuliers son fonds Global Brand de façon à préserver la performance du portefeuille, rapporte Investment Week. Le fonds, investi sur des marques mondiales, est géré par Peter Wright, William Lock. L’OEIC Global Brands a 500 millions de livres d’actifs, tandis que la Sicav affiche 9 milliards de livres d’encours.
Fonds
18/12/2012

Germans handle exotic ETFs with caution

A study by the private economics university WHU has shown that German retail investors tend to use leveraged and inverse ETFs with much more circumspection than had previously been thought, Das Investment reports.On average, they hold leveraged ETFs for only 62 days, and inverse ETFs for 79 days, compared with 139 days for traditional ETFs.And the average portfolio is limited to EUR15,000 for leveraged ETFs, compared with EUR25,7000 for inverse ETFs, and EUR27,400 for “normal” ETFs.WHU also notes that average volatility for “normal” ETFs is 13.4%, compared with 13.2% for short ETFs, and 16.7% for leveraged funds.
18/12/2012

Vanguard AM launches an educational ETF website

Vanguard Asset Management has launched a new educational ETF microsite - Vanguardlearning.co.uk - designed to help advisers develop their knowledge of the exchange traded fund (ETF) market ahead of December’s RDR deadline. As of December 31st 2012, all investment advisers are required by the FSA to complete at least 21 hours of structured Continuing Professional Development (CPD) each year.Ands adviser businesses look for ways to keep client costs down and increase investment control, many will increase client exposure to low-cost passive products, including ETFs, according to Vanguard.
18/12/2012

Ashcourt Rowan appoints a head

The British firm Ashcourt Rowan has appointed Emily Morris as head of marketing for the group, Fundweb reports. Morris previously worked at Rathbone Brothers.
18/12/2012

Lansdowne Partners wins an asset management mandate

The British investment trust Witan has awarded an asset management mandate to the alternative asset mangement specialist Lansdowne Partners, Investment Week reports. Lansdowne will be responsible for a GBOP30m mandate, initially to manage a portfolio of international equities. Lansdowne will apply a long-only strategy to the portfolio, which has recently been deployed for developed markets.
18/12/2012

Fidelity recruits a US equity manager

Fidelity Worldwide Investment has announced the appointment of Peter Kaye as US Equity portfolio manager. He will join the company during the first quarter of 2013 from Dalton Strategic Partnership LLP, where he currently manages two North American equity funds. On arrival Peter Kaye will take over the management of the USD1.6 billion Fidelity Investment Funds (FIF) American Fund from Aris Vatis, the current manager who has resigned and will leave the company on 21 December. In the interim, the FIF American Fund will be managed by Adrian Brass pending the arrival of Peter Kaye. Adrian Brass will continue to run the Fidelity Funds America Fund; however he will hand over responsibility for FIF American Special Situations to Angel Agudo. This will allow Adrian Brass to launch a new US equity fund during the first half of 2013. In addition, in a further expansion of the US equity portfolio management team, Aditya Khowala will take responsibility for the Fidelity Funds American Growth Fund, currently managed by Aris Vatis.
18/12/2012

CalSTRS reduces investment in arms following gun spree in US

The Californian teachers’ pension fund CalSTRS has decided to revise a USD500m investment in Cerberus Capital Management, since the latter owns a weapons manufacturer whose weapons were used in a gun spree in Newton, Connecticut, Remington Outdoor, the Wall Street Journal reports. CalSTRS has invested USD461m thus far of its USD500m commitment to the Cerberus fund which owns the weapons manufacturer.
18/12/2012

Outflows continue from US equity funds

Outflows from U.S.-stock funds are on pace to surpass 2008’s record outflow of USD96.7 billion, according to the most recent estimates by Morningstar. The asset class shed another USD14.1 billion in November, with particularly strong outflows from growth-oriented offerings. Meanwhile, investors continued to shift assets to fixed-income funds, as open-end taxable-bond funds and municipal-bond funds collected USD17.9 billion and USD5.2 billion, respectively. Investors redeemed USD3.6 billion from high-yield bond funds in November, a category that has seen inflows of USD24.4 billion year to date Although inflows to emerging-markets bond funds slowed to USD882 million in November, the category has taken in USD20.0 billion for the year to date in 2012, an impressive sum considering that it began the year with assets of just USD46.3 billion. In the month under review, PIMCO took in USD6.7 billion to top all fund families in terms of November inflows, but Vanguard, with inflows of USD86.2 billion, leads in the year-to-date tally behind the strength of its index fund lineup.
18/12/2012

BNP Paribas Aqua awarded Lux FLAG label

The socially responsible investment promotion agency LuxFLAG on 17 December announced that the BNP Paribas Aqua fund has received a LuxFLAG environmental label, certifying that assets in the fund are related to environmental and socially responsible sectors. Six environmental funds have so far been awarded the LuxFLAG label, totalling about USD558m in assets under management. They are the BNP Paribas Aqua, Green for Growth Fund, Southeast Europe SA, Living Planet Fund – Global Environment, Lux-Equity Eco Global, Parvest Environmental Opportunities and Parvest Global Environment. LuxFLAG has also awarded its microfinance label to 21 microfinance investment vehicles with cumulative assets under management of USD3.83bn.
18/12/2012

Carlyle may get bogged down in TCW acquisition

According to a document intended for bank lenders to TCW, which Reuters has seen, an acquisition of 60% of TCW may be less lucrative for Carlyle, due to the fact that a considerable part of the asset management firm’s earnings may escape, casting the financial balance of the transaction in doubt, writes L’Agefi. EIG Global Energy Partners, a private equity lender specialised in energies, founded a joint venture with TCW, managed by EIG. The joint venture pays commissions back to TCW. The two partners have been in conflict since the announcement that the Société Générale affiliate will be sold to Carlyle. TCW has signed a non-competition agreement with EIG in energies, as Carlyle has funds dedicated to this sector. EIG is thus threatening to block the sale. The 16% loss in profitability would noticeably affect TCW’s ability to bring in returns to cover Carlyle’s proposed LBO acquisition.
18/12/2012

Bankinter buys license from Van Lanschot Luxembourg

The Spanish firm Bankinter, which has ambitions to improve the quality of its services to Spanish high net worth clients, has acquired the infrastructure and banking license of the Luxembourg affiliate of the Netherlands firm Van Lanschot, Funds People reports.Private banking assets at Bankinter currently total EUR11bn, which represents a 6% share of the private banking market in Spain. The objective is to increase this share to 8% in two years.
18/12/2012

Santander to absorb Banesto and Banif

On 17 December, the CNMV suspended trading of shares in Santander for a few hours, following the announcement that the group is planning to absorb its affiliates Banesto (corporate banking) and Banif (private banking) by May 2013, Funds People reports.In detail, Santander, which is offering minority shareholders in Banesto a premium of 24.9% over the closing share price as of 14 December, via an exchange of shares originating from Santander holdings of its own shares.The group is planning to close 700 branches, to reduce the total network to 4,000 locations. The objective is to reduce staff as painlessly as possible, with reclassifications of other affiliates of the Santander group in Spain and abroad, using natural attrition and paying severance aid. Synergies after the third year are expected to total EUR520m. Banif has EUR36.9bn in assets under management, and Banesto directly administers EUR4.22bn in Sicav funds, but shares the management capacities of Red Santander (EUR14.89bn) with Santander. Banif funds are managed directly by Santander Asset Management (EUR19.02bn as of the end of October).
18/12/2012

Asset management firm CEOs in danger of being personally sued

The CEOs of UK asset management firms operating in the UK face increased risk of personal lawsuits for activities they are not aware of, says Simon Morris, a specialist lawyer cited in Financial Times Fund Management. The claims follow a “Dear CEO” letter sent by the British regulator, the Financial Services Authority, demanding that directors personally attest that their business manages conflicts of interest in compliance with FSA regulations.
18/12/2012

BlackRock lays out proposals for money market funds

BlackRock has sent regulators a letter laying out its proposals for reforms to money market funds, the news agency Bloomberg reports. In its report to the Financial Stability Oversight Council, BlackRock claims that a floating net asset value will not protect investors in the event of massive demands for redemption, and that the requirement for additional capital would destroy the product. BlackRock proposes a commission of 1% on withdrawals during periods when liquidity falls below a certain level.
18/12/2012

Two hedge fund managers found guilty of insider trading

Two former hedge fund managers have been found guilty of insider trading in the United States, the Financial Times reports. Anthony Chiasson, co-foundel of Level Global, and Todd Newman, a former manager at Diamondback Capital, are accused ot trading shares in Dell and Nvidia after obtaining insider information about results at these businesses through a circle of friends. They become the 70th and 71st individuals to be found guilty of insider trading since October 2009 in the US.
18/12/2012

Morgan Stanley closes Global Brands fund to new subscribers

Morgan Stanley has closed its Global Brand fund so as to preserve the performance of the portfolio, Investment Week reports. The fund, which invests in global markets, is managed by Peter Wright, William Lock. The Global Brands OEIC has GBP500m in assets, while the Sicav has GBP9bn in assets.
18/12/2012

Assets under management up 21% at top 100 hedge funds

Assets under management at the top 100 hedge funds, measured by US equity assets, increased by nearly USD43bn in third quarter, or slightly over 8%, according to the Top 100 U.S. Equity Hedge Fund rankings by HedgeTracker. In the first nine months of the year, assets at these funds increased by 21% to a total of USD571bn. 21 hedge funds included in the rankings have seen increases in their assets of over USD1bn in the quarter. 47 hedge funds with assets of USD100m to USD1bn posted increases in their assets. Among the top gainers in the quarter were AQR Capital Management, with an increase in assets of USD2.75bn, Och-Ziff Capital Management, with USD2.42bn, and Soros Fund Management, with USD2.38bn. Dominant strategies included long/short equity and multi-strategy, with assets of USD84bn and USD139bn, respectively. Value hedge funds have USD66bn under management, while event-driven, deep value and distressed value strategies have a total of USD43.5bn.
18/12/2012

Vanguard has already cut TER for 40 ETFs

The US asset management firm Vanguard has announced that it reduced total expense ratios for 40 of its ETF funds between December 2011 and 29 May 2012, while the rates for eight other funds were raised in December 2011 (see attached list). Vanguard insists that, unlike some of its competitors, its TER reductions are neither a marketing ploy nor a loss-leader to stimulate sales of other products.
18/12/2012

SEC approves JPMorgan copper ETF

The Securities and Exchange Commission has approved an ETF by JPMorgan backed by physical copper, despite vocal opposition from users of the metal and some politicians, the Financial Times reports. Senator Carl Levin argues that the ETF will lead to an increase in copper prices and volatility. A copper ETF from iShares (BlackRock) is also expected to be licensed soon.
18/12/2012

Assets in Arden mutual fund total USD700m

The multi-hedge mutual fund recently launched by Arden Asset Management has posted inflows of over USD700m as of 17 December 2012, according to a statement released that day by the alternative management specialist firm. The new fund, Arden Alternative Strategies Fund, which invests in nine hedge fund management firms, including Chilton Investment, Jana Partners and York Capital Management, offers investors access to dedicated hedge fund strategies, and aims for capital increase. Assets under management at Arden Asset Management total about USD7.5bn.
18/12/2012

Lyxor lists two more ETFs in Frankfurt

Since 17 December, the listings on the XTF segment of the Xetra electronic platform (Deutsche Börse) includes 1,006 ETFs, where it had had 1,009 as of 28 November. The new total reflects the admission to trading of two Luxembourg-registered ETFs from Lyxor Asset Management (Société Générale group), one of them an equity fund, the other a volatility product.CharacteristicsName: Lyxor ETF SG Global Quality Income NTR Share Class D-EURISIN code: LU0832436512Benchmark index: SG Global Income NTR IndexTotal expense ratio: 0.45%Name: Lyxor ETF S&P 500 VIX Futures Enhanced RollISIN code: LU0832436512Benchmark index: S&P 500 VIX Futures Enhanced Roll IndexTotal expense ratio: 0.60%

Sujets d'actualité

Tous les sujets