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10/04/2013

NiXEN Partners nomme un directeur associé

Intervenant dans le secteur du capital évolution,la société NiXEN Partners (634 millions d’euros d’actifs sous gestion) qui résulte du spin-off du pôle MidCap France du groupe Natixis Private Equity a annoncé mardi la nomination au poste de directeur associé de Vincent Houlot. Âgé de 37 ans, le nouveau promu a rejoint NiXEN Partners en 2002 et a participé notamment aux opérations réalisées sur Aerocan (aérosols en aluminium), Asteelflash (sous-traitance électronique), Ceva (santé animale), Malherbe (transport), Saverglass (bouteilles en verre haut de gamme), Titanobel (explosifs pour applications civiles), précise un communiqué.
10/04/2013

Brevan Howard recrute un spécialiste devises

Brevan Howard Asset Management a recruté Neilan Govender, un ancien trader devises et taux senior de Credit Suisse, en tant que gérant de portefeuille à Londres, selon les informations de Financial News. Il a quitté Credit Suisse en mars.
10/04/2013

Un ancien cadre de Lyxor AM rejoint Deutsche AWM

Ancien responsable de l’activité ETF en Europe et du développement, des ETF et des produits indiciels chez Lyxor Asset Management, Simon Klein a été nommé au poste nouvellement créé de head of ETFs & ETCs sales pour l’Europe, le Moyen-Orient, l’Afrique et l’Asie dans la division gestion d’actifs et de fortune (AWM) de la Deutsche Bank, qu’il avait rejointe en janvier.L’intéressé sera subordonné à Thorsten Michalik, head passive, global client group de Deutsche AWM.
10/04/2013

Grant Leon quitte Aberdeen pour Capital Group

L’américain Capital Group indique avoir recruté comme directeur des ventes Grant Leon qui sera basé à Londres pour travaillers avec des établissements financiers mondiaux, régionaux et locaux, rapporte Funds People. L’intéressé vient de passer quinze ans chez Aberdeen Asset Management, en dernier lieu comme responsable des établissements financiers mondiaux.
10/04/2013

Nouvelle directrice du marketing pour Sarasin & Partners

Fundweb rapporte que Sarasin & Partners a recruté Sarah McCarthy comme responsable du marketing. Elle était auparavant executive director chez Goldman Sachs Asset Management après avoir été senior marketing manager chez Fidelity Worldwide Investment.
10/04/2013

Adam Cordery de Schroders rejoint Santander AM

L’ancien patron des stratégies de crédit britanniques et européennes de Schroders, Adam Cordery, a rejoint Santander Asset Management, annonce la filiale de gestion d’actifs du groupe espagnol. Il est nommé responsable mondial de l’obligataire européen.A ce titre, il chapeautera les équipes obligataires et crédits de la société dans tous les pays européens où elle est présente. Cette équipe se compose de 17 professionnels qui gèrent plus de 13 milliards d’euros, sur un total de 153 milliards d’euros.Adam Cordery sera basé à Londres.
10/04/2013

Ignis a collecté 1,6 milliard de livres en 2012

Le britannique Ignis Asset Management a fait état pour l’exercice 2012 d’une collecte nette de 1,6 milliard de livres, selon les résultats définitifs publiés le 5 avril.Les actifs sous gestion s’inscrivaient fin décembre 2012 à 68,3 milliards de livres. Ignis précise que dans le cadre de mandats remportés en 2012, il va intégrer une allocation de 1,6 milliard de livres dans le courant de l’année. Ignis a par ailleurs recruté Mira Bhogaita en tant que gérante de portefeuille au sein de l'équipe dédiée aux actions britanniques, rapporte Fundweb . Mira Bhogaita travaillait précédemment chez LV=Asset Management en tant que gérante du portefeuille d’actions britanniques du programme de retraite de LV=Group. Elle sera rattachée à Graham Ashby, le patron des actions britanniques à la tête d’une équipe de huit gérants en charge de quelque 5,9 milliards de livres pour le compte de clients retail et institutionnels.
10/04/2013
Fonds

Legal & General réduit les commissions sur plusieurs fonds indiciels

Le britannique Legal & General Investments a réduit les commissions de 5 points de base sur plusieurs fonds indiciels, rapporte Funds Europe Les fonds indiciels dédiés à un pays sont désormais chargés à 0,15% alors que les fonds indiciels globaux sont chargés à 0,25%. Au total, ces modifications touchent 15 compartiments dans 13 fonds. Legal & General envisage par ailleurs de lancer d’autres stratégies passives.
Fonds
10/04/2013

Grant Leon leaves Aberdeen for Capital Group

P { margin-bottom: 0.08in; } The US firm Capital Group has announced that it has recruited Grant Leon as head of sales. He will be based in London, and will work with global, regional and local financial institutions, Funds People reports. Leon has spent 15 years at Aberdeen Asset Management, most recently as head of global financial institutions.
10/04/2013

Ignis posts GBP1.6bn in inflows in 2012

P { margin-bottom: 0.08in; } The British firm Ignis Asset Management has reported a net inflow for the 2012 fiscal year of GBP1.6bn, according to final results released on 5 April.Assets under management as of the end of December totalled GBP68.3bn, Ignis states, while for mandates won in 2012, it will integrate an allocation of GBP1.6bn during the year.Ignis has also recruited Mira Bhogaita as a portfolio manager in the team dedicated to British equities, Fundweb states.Bhogaita had previously worked at LV=Asset Management as a British equity portfolio manager for the LV=Group retirement programme.She will report to Graham Ashby, head of British equity activities, and will oversee a team of eight managers, responsible for about GBP5.9bn in assets for retail and institutional clients.
10/04/2013

New director of marketing for Sarasin & Partners

P { margin-bottom: 0.08in; } Fundweb reports that Sarasin & Partners has recruited Sarah McCarthy as head of marketing. She had previously been executive director at Goldman Sache Asset Management, and previously served as senior marketing manager at Fidelity Worldwide Investment.
10/04/2013

Adam Cordery of Schoders joins Santander AM

Santander Asset Management, Grupo Santander’s asset management unit, has appointed Adam Cordery as Global Head of European Fixed Income within its global investment team.Cordery joins Santander Asset Management having previously worked at Schroders where he was in charge of building portfolios and managing European fixed income funds in Euros and Sterling. With over 15 years’ experience in the industry, Cordery will be responsible for Santander Asset Management’s European fixed income and credit teams across all of the European countries in which the company operates. These teams are currently made up of 17 professionals, responsible for over €13 billion of assets under management through different investment vehicles (investment funds, pension and institutional mandates).
10/04/2013

Axa IM releases Global Optimal Income fund in Germany

P { margin-bottom: 0.08in; } BaFin has issued a sales license for Germany to the all-weather Global Optimal Income sub-fund of its Luxembourg Sicav Axa WF, Axa Investment Managers announced on 9 April (see Newsmanagers of 26 March).
10/04/2013

Profits recover at Deka in 2012

P { margin-bottom: 0.08in; } “Economic profits” (pre-tax profits according to IFRS accounting standards, plus proceeds from valuation of financial instruments) at Deka last year rose 35.6% to EUR519.3m, while they had fallen 58.6% in 2011, to EUR383.1m.The news confirms predictions by Georg Fahrenschon, chairman of the German federation of savings banks (DSGV) a month ago (see Newsmanager of 7 March), but total assets as of the end of December totalled EUR158.3bn, down from th EUR162.6bn announced at the time. This total nonetheless represents an increase of EUR7.3bn compared with the end of 2011, due to market appreciation.The central asset management firm for the German savings banks last year nonetheless underwent net outflows (excluding ETFlab, the ETF affiliate) of EUR231m, compared with EUR5.861bn in 2011. Institutional activities brought in a net inflow of EUR2.3bn, compared with EUR0.4bn, while retail suffered net redemptions of EUR2.5bn, compared with EUR6.2bn the previous year.The primary contributor to subscriptions from all categories of clients combined was the real estate unit, which posted net inflows of EUR1.6bn, compared with EUR1bn in 2011. Deka states that for open-ended funds, fourth quarter brought net inflows of EUR1.8bn, compared with net outflows of EUR3.6bn in the first nine months of the year.
10/04/2013

ACMBernstein rationalises distribution in Germany

P { margin-bottom: 0.08in; } ACMBernstein is now pooling its funds and institutional distributions for Germany and Austria under the single leadership of Martin vom Hagen, Institutional Money reports. Georg von Kyd-Rebenburg, a member of the board responsible for fund distribution, is leaving the business.
10/04/2013

VelocityShares lists 3 emerging market ETFs

P { margin-bottom: 0.08in; } The US asset management firm VelocityShares, which is known primarily for its ETN and leveraged products, has launched three ETFs on NASDAQ, Index Univese reports. They are products focused on emerging markets, which invest in “relatively liquid” ADRs listed in London. The three funds each charge fees of 0.65%. The ETFs are as follows: •VelocityShares Emerging Markets Depositary Receipt ETF (ticker: EMDR)•VelocityShares Russia Select Depositary Receipt ETF (RUDR)•VelocityShares Emerging Asia Depositary Receipt ETF (ASDR)
10/04/2013

Absorption of Banif triggers a reshuffle at Santander

P { margin-bottom: 0.08in; } The integration of the Banif private bank (EUR31bn in assets) into Santander has resulted in a modification of the structures of the latter, which is planning to rename its commercial banking division as “banca comercial, España,” led by Enrique García Candelas, CEO. The division includes corporate, retail and private banking, Funds People states.The private banking unit includes the activities of the private bank of the commercial network, as well as Banif. It is led by Edouardo Suárez, who had previously been head of Banif.Asset management will continue to be led by Javier Marín.
10/04/2013

Simon Klein joins Deutsche AWM

P { margin-bottom: 0.08in; } The former head of ETFs in Europe and of development, ETFs and tracker products, at Lyxor Asset Management, Simon Klein, has been appointed to the newly-created position of head of ETF & ETC sales for Europe, the Middle East, Africa and Asia in the asset and wealth management (AWM) division of Deutsche Bank, which he joined in January (see Newsmanagers of 10 December).Klein will report to Thorsten Michalik head of passive, global client group at Deutsche AWM.
10/04/2013

Pepijn Heins leaves Eaton Vance

P { margin-bottom: 0.08in; } In a letter sent to investors by Niall Quinn, managing director and CEO of Eaton Vance Management (International) Ltd., the asset management firm has announced that its head of business development for Europe, Pepijn Heins, has decided to leave the business, Investment Europe reports.Until a successor can be appointed, the responsibilities of the outgoing man will be provisionally assumed by Sebastian Vargas, business development director, and Stephen Tilson, senior international sales & client service analyst.
10/04/2013

Head of Azimut earns a stable income

P { margin-bottom: 0.08in; } Pietro Giuliani, the chairman and CEO of the Italian asset management firm Azimut, earned an income of EUR1.49m for the 2012 fiscal year, Bluerating reports. This is in line with the previous fiscal year.
10/04/2013

Fidelity adds a seventh fund to its FAST range

P { margin-bottom: 0.08in; } With the Luxembourg-registered Asia Fund sub-fund, Fidelity Worldwide is adding a seventh fund available in France to the Luxembourg Sicav Fidelity Active Strategy (FAST). The product, launched in late January 2013, had assets of USD24m as of 31 March. It is aimed at clients likely to be able to meet a minimal subscription of USD50,000.Like other FAST funds (USD5bn in total assets), net exposure to equities may total 135% of active assets for the long allocation, and 30% for the short portion, while the range may not be assimilated into 130/30 portfolios, as the managers short only strong convictions, but are not required to remain constantly short. In normal market conditions, net exposure to equities for the entire portfolio will range from 90% to 110% of assets.As Alex Homan, investment director, explained in a presentation in Paris, the decisive element for FAST products is the selection of equities, not the market timing. For his part, Suranjan Mukherjee, portfolio manager, said the Asia fund management team, can rely on the support of 42 on-site analysts. It uses options only to express an opinion on shares, and tracking error as of the end of February was limited to 2.9%. Net exposure to equities was 105.1%.CharacteristicsName: FAST Asia FundISIN code: LU0862795175Management commission: 1.50%
10/04/2013

Axa IM launches a SmartBeta fund of international corporate bonds

P { margin-bottom: 0.08in; } Axa Investment Managers has announced that it has added to its SmartBeta product range with the release of a new fund investing in international corporate bonds. Axa World Funds (WF) Global SmartBeta Credit Bonds, which is aimed primarily at institutional investors, is managed by Damien Maisonniac in Paris. The fund, created on 15 January 2013, complies with the European Union’s UCITS IV standards, and is domiciled in Luxembourg. The fund applies a “strategic buy and hold” strategy, which “aims for capital increase while avoiding default and turnover risks,” a statement says. AXA IM has over EUR300bn in bond assets under management (as of 30 December 2012). Axa WF Global SmartBeta Credit Bonds is available from a minimal investment of EUR5m, and is available in the following currencies: euro, USD, GBP, CHF and AUD.
10/04/2013

Merger on the cards in online currency trading

P { margin-bottom: 0.08in; } Agefi reports that FXCM has proposed a buyout of Gain Capital Holdings for USD210m in shares. The operation would merge the two largest US players in online currency trading.
10/04/2013

Janus creates a position for a CIO for equities and asset allocation

P { margin-bottom: 0.08in; } After serving as president and chief investment officer at Munder Capital Management, and then for six years as CIO and executive vice president of American Century Investments, Enrique Change will be joining Janus Capital Group in September, following a gardening leave, in the newly-created position of CIO for equities & asset allocation.He will report to Richard Weil, CEO.As CEO for equities, he succeeds Jonathan Coleman, who has asked to focus on portfolio management, and has been appointed as head of growth equities.
10/04/2013

Ecofi Investissements gets a new head of sales

P { margin-bottom: 0.08in; } Ecofi Investissements has announced the appointment of Laurent Vidal as director of sales from 4 February. He also becomes a member of the board of directors. Vidal, 42, was director of clearing activities at Calypso. He previously served as director of sales at State Street and Sunguard, and head of bonds at NYSE-Euronext, a statement says.
10/04/2013

UBS creates an international sales team dedicated to hedge funds

P { margin-bottom: 0.08in; } As part of the creation of an international sales team dedicated to hedge funds at UBS, Thomas Anglin, director of sales to these clients in Australia, will move to New York. According to Finews, citing the Wall Street Journal, Anglin and his colleague, Fred Liljewall, will be overseen by Matt Foulds, director of Equity Distribution. The team will be reinforced in the next few months.
10/04/2013

Brevan Howard recruits a currencies specialist

P { margin-bottom: 0.08in; } Brevan Howard Asset Management has recruited Neilan Gavender, a former currency trader and senior fixed income specialist at Credit Suisse, as a portfolio manager in London, according to reports in Financial News. He left Credit Suisse in March.
10/04/2013

Hanif Mohamed appointed as Group Chief Legal Officer at KBL epb

P { margin-bottom: 0.08in; } KBL European Private Bankers (KBL epb) on 9 April announced the appointment of the lawyer Hanif Mohamed as Group Chief Legal Officer, based in Luxembourg. In this newly-created position, Mohamed will supervise and coordinate the activities of all legal departments across the nine European countries of the KBL epb network. He will also direct development and implementation of legal policies throughout the group, and will provide guiding legal opinions. At a time when KBL epb is actively seeking to make acquisitions in target markets, such as France, the Netherlands and Spain, Mohamed will have a particularly important advising role in transactions of this type, relying on his great experience in the area of mergers and acquisitions. Mohamed recently served as Head of Legal for Mergers & Acquisitions and Restructuring at Dexia. Before that, he worked at Ashurst, an international law firm, and was posted to Brussels, London and Abu Dhabi.
10/04/2013

Le Qatar va acheter 3 milliards d'obligations égyptiennes

Le gouvernement du Qatar a annoncé qu’il allait acheter pour trois milliards de dollars d’obligations égyptiennes. S’exprimant lors d’une conférence de presse, le Premier ministre de l’Emirat, cheikh Hamad bin Jassim al-Thani, n’a pas précisé les détails de cette nouvelle aide financière qui, a-t-il dit, sera discuté dans les prochains jours. Il a ajouté que le Qatar fournirait aussi du gaz naturel à l’Egypte cet été.
10/04/2013

Le coût de financement à un an au plus bas depuis janvier en Italie

Le coût de financement à un an de l’Italie est tombé au plus bas depuis janvier à l’occasion d’une adjudication mercredi, certains investisseurs pariant sur une baisse des taux de la zone euro dans les mois à venir. L’Italie a placé pour huit milliards d’euros de bons à un an à un rendement de 0,92% contre 1,28% lors d’une adjudication similaire à la mi-mars. Rome a également adjugé pour trois milliards d’euros de bons à trois mois au taux de 0,24%, contre 0,77% lors de la dernière émission de ce type en octobre 2012.

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