Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
10/09/2013
Fonds

Trois nouveaux db x-trackers à Francfort

Le 6 septembre, Deutsche Asset & Wealth Management (DeAWM) a fait admettre à la négociation sur le segment XTF de la plate-forme électronique Xetra (Deutsche Börse) deux ETF obligataires de sa marque db x-trackers, le db X-trackers II Global Sovereign UCITS ETF et le db X-trackers II iBoxx Global Inflation-linked UCITS ETF, ainsi qu’un ETF d’actions, le db X-trackers MSCI World Index UCITS ETF. Ce dernier est une variante couverte du risque de change pour les investisseurs dont la monnaie de référence est l’euro, du fait que 12 % seulement des titres de l’indice sont des valeurs issues de la zone euro. Ces nouveaux produits portent à 1.006 le nombre d’ETF cotés à Francfort. Simon Klein, directeur de la distribution des ETF et ETC de DeAWM pour l’Europe et l’Asie, a précisé que sur les douze derniers mois les ETF de db x-trackers couverts du risque de change ont enregistré des souscriptions nettes importantes, notamment 592 millions d’euros pour la variante euro du MSCI Japan Index ETF. Dès lors, DeAWM a l’intention de proposer progressivement de nouvelles parts couvertes du risque de change aux investisseurs européens.CaractéristiquesDénomination : db X-trackers II Global Sovereign UCITS ETFCode Isin : LU0908508731Indice de référence : DB Global Investment Grade Government Unhedged IndexTaux de frais sur encours : 0,25 %Dénomination : db X-trackers II iBoxx Global Inflation-linked UCITS ETFCode Isin : LU0908508814Indice de référence : iBoxx Global Inflation-Linked Index All EUR Unhedged NominalTaux de frais sur encours : 0,25 %Dénomination : db X-trackers II iBoxx Global Inflation-linked UCITS ETFCode Isin : LU0659579733Indice de référence : MSCI World monthly Euro Hedged IndexTaux de frais sur encours : 0,52 %
Fonds
10/09/2013
Fonds

Schroders vend un portefeuille logistique en Allemagne

Pour environ 163 millions de dollars, Schroders Property Investment Management a vendu six entrepôts situés en Allemagne et qui appartenaient à son Pan European Property Logistics Fund (470 millions d’euros fin juin).Cette cession à Prologis s’est effectuée sur une base de 740 euros par mètre carré, un prix supérieur à la dernière estimation d’expert.
Fonds
10/09/2013

Un ancien CEO pour l'Allemagne de BNP Paribas rejoint RBS

Le successeur d’Ingrid Hengster comme patron de la zone germanophone (Allemagne, Autriche, Suisse) de Royal Bank of Scotland (RBS) a été désigné : Joachim von Schorlemer, qui était CEO de BNP Paribas (BNPP) pour l’Allemagne, rejoindra le groupe britannique à la mi-septembre, et il sera en outre country executive pour l’Allemagne et l’Autriche.Ingrid Hengster, pour sa part, a été nommée membre du directoire de la banque publique allemande Kreditanstalt für Wiederaufbau (KfW) à compter d’avril 2014.
10/09/2013

Schroders recrute un responsable produits et contribution définie

Schroders vient de recruter Divyesh Hindocha en tant que responsable mondial produits et contribution définie (head of product and defined contribution), qui prendra ses fonctions le 1er novembre. L’intéressé vient du pôle investissement de Mercer où il était associé senior et global director of consulting. Divyesh Hindocha remplace Gavin Ralston qui était responsable produits par intérim depuis sa promotion en tant que responsable des institutions officielles l’an dernier.
10/09/2013

Rogge recrute un responsable assurances et Europe du Nord

La société de gestion Rogge Global Partners, spécialiste des obligations, a recruté Gerard-Jan van Berckel en tant que responsable des assurances et de la distribution en Europe du Nord. Basé à Londres, il aura notamment pour mission d’accroître la clientèle d’investisseurs institutionnels de la société dans les pays du Nord de l’Europe.Gerard-Jan van Berckel vient de Conning Asset Management où il était depuis 2008 responsable commercial Europe continentale.Fondée en 1984, Rogge gère un encours de 56 milliards de dollars au 31 juillet. La société a des bureaux à Londres, New York, Singapour et Francfort ainsi que des joint ventures avec Tokio Marine Asset Management au Japon et Alfi Partners en Europe francophone.
10/09/2013
Fonds

Aviva lance un second fonds de rendement d’actions américaines

Compte tenu du succès remporté par le Aviva Investors US Equity Income Fund lancé en janvier 2011 et qui doit être «soft-closé» en octobre, Aviva Investors a annoncé la commercialisation d’une nouvelle version de ce produit d’actions américaines. L’Aviva Investors US Equity Income Fund II est géré aux Etats-Unis à Louisville (Kentucky) par la même équipe de River Road Asset Management (Henry W. Sanders III et Thomas S. Forsha), avec un objectif de rendement de 1,5 point de pourcentage supérieur à l’indice Russell 3000 Value. River Road AM a été achetée par Aviva Investors en janvier 2010.L’équipe de gestion appliquera une stratégie dite de «valeur absolue’.La commission de gestion sur les parts RDR est fixée à 0,75 %
Fonds
10/09/2013

Les fondateurs d'OBSR créent une société de conseil

Les anciens fondateurs de l’agence britannique de notation OBSR, Richard Romer-Lee et Nigel Whittingham, ainsi que l’ancien directeur de Henderson David Pickles créent une société de conseil et de notation de fonds, indique Fundweb. Elle sera baptisée Square Mile Investment Research and Consulting et devrait être opérationnelle en 2014. OBSR est désormais une filiale de Morningstar.
10/09/2013

Promotion chez Citi Private Bank en Asie

So-Yon Sohn, head of credit sales & fixed cincome sales pour l’Asie-Pacifique chez Citi Private Bank (CPB), a été promue regional head of investments, un poste qu’elle prendra le 23 septembre, rapporte Finance Asia. Elle demeure basée à HongKong et sera subordonnée à Eduardo Martinez-Campos, head of investments, et Bassam Salem, CEO de CPB Asia.En attendant qu’un remplaçant lui soit trouvé, So-Yon Sohn continuera d’exercer parallèlement ses fonctions actuelles.
10/09/2013
Fonds

UBS GAM lance deux ETF obligataires en Italie

UBS Global Asset Management s’apprête à lancer sur la Bourse italienne deux nouveaux ETF obligataires qui offrent une exposition diversifiée aux obligations émises par des groupes étrangers et libellées en francs suisses, rapporte Bluerating. Il s’agit des fonds UBS ETF SBI® Foreign AAA-BBB 1-5 OICVM ETF (CHF) A-dis et UBS ETF SBI® Foreign AAA-BBB 5-10 OICVM ETF (CHF) A-dis.
Fonds
10/09/2013

Nouveau patron de la banque privée de Banca Popolare di Vicenza

Banca Popolare di Vicenza a recruté Luca Vignoli en tant que nouveau responsable de la direction banque privée, rapporte Bluerating, citant Magstat. Il remplace Gianluca Talato, qui a rejoint Barclays en juin. Luca Vignoli a travaillé ces 11 dernières années chez Fineco Bank.
10/09/2013
Fonds

La HVB propose un fonds de matières premières non agricoles

Désormais, la Bayerische hypoVereinsbank (HVB, groupe UniCredit) commercialise une version sans matières premières agricoles de sa stratégie long/short cross commodity de sa filiale onemarkets. Il s’agit du fonds de droit luxembourgeois Cross Commodity Long/Short ex AL Fund qui réplique le Cross Commodity Long/Short IV Excess Return Index couvrant quinze indices sectoriels Dow Jones UBS Commodity des domaines de l'énergie, des métaux industriels et des métaux précieux, mais non ceux des matières premières et du bétail sur pied.CaractéristiquesDénomination : Cross Commodity Long/Short ex AL FundCode Isin : LU0944771152Souscription minimale initiale : 500.000 eurosCommission de gestion : 0,90 %Commission de performance : 15 % sur la surperformance par rapport au taux butoir (Eonia + 150 points de base) avec high watermark
Fonds
10/09/2013
Fonds

Petercam labellise Global Compact son Equities World 3F

Le gestionnaire belge Petercam a publié le 9 septembre une note mettant en exergue que toutes les sociétés dont les actions figurent dans son fonds Equities World 3F (pour Foundation for the Future) se conforment aux dispositions du Pacte Mondial des Nations-Unies (Global Compact). Toutes les lignes du portefeuille géré par Bart Baetens sont examinées chaque trimestre à l’aune des dix principes du Global Compact. Cette analyse est effectuée en externe par l’agence de notation extra-financière Sustainalytics.
Fonds
10/09/2013

According to Lyxor, hedge funds lost ground in August

Like other index providers, Lyxor Asset Management reports that hedge funds on average have posted losses in August, with a loss of 1.13% for the main index. Of the 13 indices (one global, 11 strategy and thematic), only three continue to show gains, the L/S Credit Arbitrage (+0.51%), the Convertible Bonds Arbitrage Index (+0.26%) and the Event Driven – Merger Arbitrage Index (+0.04%). The heaviest losses were from CTA long term (-3.99%) and L/S Equity variable bias (-1.91%).However, in the first eight months of the year, hedge funds have continued to show positive results, with average returns of 2.02%. Although CTA long term and short term have posted losses of 6.58% and 60.4% respectively, the losses for the global macro fund are limited to 1.01%, and all other indices are in positive territory, with gains of 8.94% for the L/S Equity Long Bias index and returns of 6.92% for special situations, as well as 6.81% for merger arbitrage, in particular.
10/09/2013

Hedge funds don't like FATCA

The foreign Account Tax Compliance Act is at the top of the list of regulations that the major hedge fund managers consider most irritating, according to a survey by Sungard and Aite cited by Financial Times fund management. Regulations are considered a “major problem” for half of the 40 major hege fund managers with at least USD1bn in assets in Europe, the United States and Asia.
10/09/2013

Aviva launches second US equity high yield fund

Due to the success of the Aviva Investors US Equity Income Fund, launched in January 2011, which is expected to be soft closed in October, Aviva Investors has announced the release of a new version of the US equity product. The Aviva Investors US Equity Income Fund II is managed in the United States, in Louisville, Kentucky, by the same team at River Road Asset Management (Henry W. Sanders III and Thomas S. Forshea), with a performance objective of 1.5 percentage points over the Russell 3000 Value. River Road AM was acquired by Aviva Investors in January 2010.The asset management team will apply a so-called “absolute value” strategy.The management commission for RDR shares is set at 0.75%.
10/09/2013

Joachim von Schorlemer (ex-BNPP) joins RBS

The successor to Ingrid Hengster as head of the German-speaking countries (Germany, Austria, Switzerland) at Royal Bank of Scotland (RBS) has been appointed: Joachim von Schorlemer, who had been CEO of BNP Paribas (BNPP) for Germany, will join the British group in mid-September, and will also be country executive for Germany and Austria.Ingrid Hengster, for her part, has been appointed as a member of the managing board at the German state-owned bank Kreditanstalt für Wiederaufbau (KfW) from April 2014.
10/09/2013

FPM recruits exec from DWS

Oliver Schuck on 1 September joined FPM Frankfurt Performance Management as head of distribution, Das Investment reports. He will be more particularly responsible for assisting wealth management clients, multi-managers and institutional investors in Germany, Luxembourg and Austria.Schuck joins from DWS (Deutsche Asset & Wealth Management, or DeAWM group), where he was director of distribution for the past five years, responsible for asset management firms, private banks, and major financial advising agencies.
10/09/2013

Apollo acquires EVO Banco

The nationalised bank Novagalicia Banco (NCG) has announced that it will sell its affiliate EVO Banco for EUR60m to the US hedge fund Apollo Global Management, Cinco Días reports.The transaction with result in the transfer of 80 branches with 590 employees, EUR702m in credits and EUR1.603bn in savings and current account deposits.This is the fourth acquisition by the Apollo group (USD13bn in assets) in the Spanish financial sector, after the acquisition of MBNA from Bank of America, and consumer credit from Citibank and FinanMadrid (an affiliate of Bankia).
10/09/2013

Schroders hires head of product and DC

Schroders on September 9 announced the appointment of Divyesh Hindocha as global head of product and defined contribution from 1 November 2013.Divyesh joins from Mercer’s investments business, where he was senior partner and global director of consulting, responsible for Mercer’s strategic research capabilities globally. He will report to Massimo Tosato, executive vice-chairman.Divyesh takes over the role from Gavin Ralston who has covered the product role on an interim basis since his promotion to head of official institutions last year.
10/09/2013

Founders of OBSR set up consultancy

The former founders of the British ratings agency OBSR, Richard Romer-Lee and Nigel Whittingham, as well as the former director of Henderson, David Pickles, have founded a fund advisory and rating firm, Fundweb reports. It will be known as Square Mile Investment Research and Consulting, and is expected to be operational in 2014.
10/09/2013

Rogge recruits a head of insurance and Northern Europe

Rogge Global Partners, the global institutional fixed-income specialist, has appointed Gerard-Jan van Berckel as head of insurance and Northern Europe distribution. He will spearhead Rogge’s Insurance Investment capability. Based in London, he will also be responsible for growing the firm’s institutional investor base in Northern Europe.Van Berckel joins from Conning Asset Management Ltd. where since 2008 he was head of Continental European sales, responsible for institutional fixed-income product distribution and client relationship management. Rogge was founded in 1984 and has offices in London, New York, Singapore and Frankfurt, as well as joint ventures with Tokio Marine Asset Management in Japan and Alfi Partners in French-Speaking Europe. Rogge’s total assets under management as of 31st July 2013 are USD56 bn.
10/09/2013

Elliott AM threatens Vodafone takeover of Kabel Deutschland

The activist fund Elliott Asset Management is threatening the takeover bid by Vodafone for Kabel Deutschland. The fund, led by Paul E. Singer, holds a 10.91% stake in the German cable operator. This position was doubled in the space of a few days, which makes Elliott the largest shareholder in Kabel Deutschland. So far, Singer has not revealed his intentions, but it is likely that they are not totally friendly. The investor, who has nearly USD15bn in assets under management, is known for his heavyweight stakeholding tactics.
10/09/2013

Petercam certifies its Equities World 3F compliant with Global Compact

The Belgian asset management firm Petercam on 9 September sent a note highlighting the fact that all companies whose equities feature in its Equities World 3F fund (for Foundation for the Future) comply with the terms of the United Nations Global Compact.All positions in the portfolio managed by Bart Baetens are examined every quarter for compliance with the ten Principles of the Global Compact. This analysis is carried out externally by the extra-financial ratings agency Sustainalytics.
10/09/2013

HVB offers non-soft commodity fund

The Bayerische hypoVereinsbank (HVB, UniCredit group) is releasing a version of its long/short cross-commodity strategy from its affiliate onemarkets, without the soft commodities. The Luxembourg-registered fund Cross Commodity Long/Short ex AL Fund, which replicates the Cross Commodity Long/Short IV Excess Return Index, covers 15 sectroal indices of the Dow Jones UBS Commodity indices in the areas of energy, industrial metals and precious metals, but not soft commodities or livestock.CharacteristicsName: Cross Commodity Long/Short ex AL FundISIN Code: LU0944771152Minimal initial subscription: EUR500,000Management commission: 0.90%Performance commission: 15% on performance exceeding the hurdle rate (Eonia + 150 basis points) with high watermark
10/09/2013

Emerging Global Advisors liquidates 12 ETFs

According to IndexUniverse, Emerging Global Advisors has announced that it will be closing 12 ETFs, which represent about half of its range, but only 4% of its assets. The funds will no longer be traded from 4 October.The liquidation of the products is explained as a result of the fact that these ETFs have attracted very limited subscriptions, while other funds have posted significant inflows. Net sales of Emerging Global Advisors since the beginning of the year represented USD408m.The ETFs which will be closed are all from the GEMS range of sectoral emerging market ETFS, and the EGShares Emerging Markets Metals & Mining.
10/09/2013

Driehaus offers event-driven mutual fund

On 26 August, Driehaus Capital Management (USD10.3bn in assets as of the end of July) launched the Driehaus Event-Driven Fund (acronym DEVDX), a liquid mutual fund whose manager, K.C. Nelson, is aiming for a low correlation with the major asset classes, while offering lower volatility, but a risk-adjusted return higher than the S&P 500 index.The fund charges 2%. The minimal initial subscription is set at USD10.000.Driehaus states that its absolute return mutual funds currently have assets of about USD4.6bn.
10/09/2013

Three new db x-trackers funds listed in Frankfurt

On 6 September, Deutsche Asset & Wealth Management (DeAWM) launched two bond ETFs to trading on the XTF segment of the Xetra electronic platform (Deutsche Börse), the db X-trackers II Global Sovereign UCITS ETF and the db x-trackers II iBoxx Global Inflation-linked UCITS ETF, as well as an equity ETF, the db x-trackers MSCI World Index UCITS ETF. The latter is a variant which is hedged for currency risks for investors whose currency of reference is the euro, since only 12% of the shares in the index are securities issued in the euro zone. The new products bring the number of ETFs listed in Frankfurt to 1,006.Simon Klein, DEAWM head of distribution for ETFs and ETCs for Europe and Asia, has stated that in the past 12 moths, ETFs from db x-trakers hedged for currency risks have posted significant net subscriptions, including EUR592m for the euro variant of the MSCI Japan Index ETF. DeAWM is now planning to gradually offer new currency-hedged shares to European investors.CharacteristicsName: db X-trackers II Global Sovereign UCITS ETFISIN code: LU0908508731Benchmark index: DB Global Investment Grade Government Unhedged IndexTotal expense ratio: 0.25%Name: db X-trackers II iBoxx Global Inflation-linked UCITS ETFISIN code: LU0908508814Benchmark index: iBoxx Global Inflation-Linked Index All EUR Unhedged NominalTotal expense ratio: 0.25%Name: db X-trackers II iBoxx Global Inflation-linked UCITS ETFISIN code: LU0659579733Benchmark index: MSCI World monthly Euro Hedged IndexTotal expense ratio: 0.52%
10/09/2013

Schroders sells logistics portfolio in Germany

For about USD163m, Schroders Property Investment Management has sold six warehouses located in Germany, which had been owned by its Pan European Property Logistics Fund (EUR470m as of the end of June).The sale to Prologis is made at a price of EUR740 per square metres, a price above the most recent expert valuation.
10/09/2013

New funds for Threadneedle

Threadneedle Investments is now releasing its Threadneedle (Lux) US Contrarian Core Equities fund (LU0640476718) in Germany and Austria. The product, managed by Guy Pope, has for six months had a license in France (see Newsmanagers of 19 March).Meanwhile, according to Fundweb, the British asset management firm is now preparing an investment trust targeting asset-backed securities (ABS), the Threadneedle Asset Backed Income fund, which will be launched in October. It will aim for net returns of 6%, and total performance between 7% and 10%.The fund will be managed by Henry Cooke and will focus on mezzanine ABS from the entire world. Currently, assets at Threadneedle in the ABS segment total about GBP1.7bn.
10/09/2013

UBS GAM launches two bond ETFs in Italy

UBS Global Asset Management is preparing to launch two new bond ETFs on the Italian stock ecxhange which offer diversified exposure to bonds issued by foreign groups and denominated in Swiss francs, Bluerating reports. They are the UBS ETF SBI® Foreign AAA-BBB 1-5 OICVM ETF (CHF) A-dis and UBS ETF SBI® Foreign AAA-BBB 5-10 OICVM ETF (CHF) A-dis funds.

Sujets d'actualité

Tous les sujets