Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
09/11/2012

Philippe Zaouati takes over as chairman of SRI committee at AFG

Philippe Zaouati, deputy CEO of Natixis Am and chairman of the Responsible Investment working group of the European Fund and Asset Management Association (EFAMA), will become Chairman of the Socially Responsible Investment Committee of the AFG. He succeeds Thierry Deheuvels (Oddo Asset Management), who had served as chairman of the committee for more than six years.
09/11/2012

Amundi posts EUR10.7bn in inflows in nine months

Assets under management at Amundi as of the end of September 2012 totalled nearly EUR711bn, up 7.9% compared with the end of December 2011, Crédit Agricole announced on 9 November at a presentation of the group’s results. Net inflows totalled EUR10.7bn in the first nine months of 2012, and market and forex effects represented +EUR41.4bn.Amundi has improved its competitive position with a strong increase in its market share in France, gaining 1.4 percentage points between December 2011 and September 2012, to 26.1%. Commercial development in Europe outside France has borne fruit, with strong increases in assets through third-party distributors (+20.9% of assets in nine months) and corporate. Lastly, Amundi is one of the top four firms for inflows in Japan, India and Korea.Inflows from outside the network totalled EUR20.5bn in the first nine months of 2012, with EUR13.9bn for the institutional and corporate segment, and EUR1.6bn for the third-party distributors segment, largely in Europe outside France.In the first nine months of the year, gross operating profits total EUR528m, and are up +14.8% (+1.8% excluding one-time elements). This includes a high level of performance commissions (EUR107m in the first nine months of the year, compared with EUR53m in the corresponding period of 2011).
09/11/2012

Assets up at Prudential Financial

A report from Prudential Financial for third quarter announces that assets under management totalled USD1.005trn as of the end of September, compared with USD901bn as of the end of December, and USD871bn twelve months previously.Operating profits for asset management increased to USD187bn in July-September 2012, compared with USD123m in the corresponding period of last year, but they contracted by USD356m in the first three quarters of this year, compared with USD504m in January-September 2011.
09/11/2012

Sovereign funds own 36% of the Italian stock exchange

In 2012, sovereign funds control about 36% of total capitalisation on the Italian stock exchange, and their investments have increased significantly since 2011, when they totalled EUR500m, according to a study by the bank Monte Paschi di Siena (MPS) of 60 sovereign funds, Investment Europe reports. Sovereign funds this year invested about EUR1.5bn into the Italian economy, according to the study. The Norwegisn sovereign fund still has the largest weight in the Italian economy, with a total of EUR4.7bn invested in equities, EUR6.3bn in bonds, and EUR4.2bn in government bonds. Assets at sovereign funds, which have increased from USD2bn to USD5.1bn in the past five years, may total USD10bn by 2015, according to projections by MPS.
09/11/2012

BlackRock recruits a head of sales for Germany

Christian Machts, managing director of Commerzbank Asset Management, will in early 2013, in January or April, succeed Andrej Brodnik as head of the Frankfurt office of BlackRock, and will serve as director of retail for Germany, Austria and Eastern Europe, Das Investment reports. Brodnik left the business at the end of June.
09/11/2012

Fidelity propose aux CGPI un logiciel de pilotage des portefeuilles

En Allemagne, Fidelity Worldwide Investments vient de mettre à disposition des CGPI une solution complète pour la gestion de fortune individuelle, SAM (pour Systematisches Anlage-Management) couvrant le conseil ainsi que la constitution et la gestion de portefeuille, l’administration de comptes, la documentation et le reporting.Le SAM couvre 8.000 fonds de 220 sociétés de gestion, dont il extrait les meilleurs (au moins 4 étoiles Morningstar) pour chaque classe d’actifs. La composition des portefeuilles est révisée trimestriellement et l’allocation est réajustée une fois par an en fonction du profil de risque. Vers la fin de la période d’investissement, le risque est réduit par un transfert vers des produits monétaires.Pour le CGPI, note Fidelity, cette formule présente l’avantage non seulement d’un gain de temps mais également celui de réduire son risque réglementaire compte tenu du module standardisé de conseil à la clientèle, étayé par une documentation détaillée.Le SAM est adaptable à chaque profil de clientèle ; il est accessible pour des portefeuilles à partir de 10.000 euros. Le droit d’entrée est de 3 % et la commission de gestion se situe à 1 % maximum, plus la TVA.
09/11/2012

Deutsche Bank appoints single head of marketing for AWM

Alexander Maresch, director of marketing for DWS since 7 July 2009, was on 8 November 2012 promoted to head of marketing for the entire new asset and wealth management (AWM) unit at Deutsche Bank. He will thus be responsible for marketing not only for DWS (retail), but also for other asset management affiliates, including db x-trackers (ETF/ETP), DB Advisors (institutionals) and RREEF (alternative), as well as the private wealth management arm of the bank.Maresch spent his entire career at the Deutsche Bank group, which he joined in 1996. He had previously been head of public distribution & marketing for Europe at DWS; he has also been responsible for the launch of the DWS brand on the US market.
09/11/2012

Allianz posts record AUM

Operating profit for Asset Management at the Allianz Group grew by 58.1 percent in the third quarter of 2012 to EUR849m, compared to EUR537mfor the third quarter of the previous year.Total assets under management grew 14.8 percent to a record EUR1.8trn at the end of the third quarter of 2012 from EUR1.6trn as of the end of September 2011. Third-party assets rose over the same period to EUR1.4trn from EUR1.2trn.The increase was 40.9 percent adjusted for foreign currency and consolidation effects. The cost-income ratio improved by 5.5 percentage points to 54.0 percent from 59.5 percent in the third quarter of 2011.Net income for the whole group reached EUR1.4bn for the third quarter of 2012, compared to EUR258m in the third quarter of 2011. In the previous year, impairments on financial sector investments and Greek sovereign bonds had heavily impacted net income.
09/11/2012

Pioneer recruits three heads of sales for Asia

Pioneer Investments has announced the appointment of three senior sales executives across key markets in Asia under the direction of Jack Lin, head of Asia and Middle East. Martin Park joins as sales director Korea, from HSBC Global Asset Management (Hong Kong) Limited, where he was the team head of its Korean institutional business from 2007. He will be based in Sinagapore.Hiromi Wada has been appointed as Japan representative. He joins from Itau Japan Asset Management, where he was working on its institutional and retail businesses over the past 3 years. Finally, Matthew Marks joins as sales director institutional Asia, based in Singapore. He was most recently a director of institutional business with Prudential Asset Management in Singapore.
09/11/2012

Azimut collecte en octobre

La société de gestion italienne Azimut a enregistré en octobre 2012 des souscriptions nettes de 125 millions d’euros pour sa gestion d’actifs, dont 140 millions d’euros pour les compartiments des fonds luxembourgeois AZ Fund 1 et AZ Fund Multi Asset. Depuis le début de l’année, la collecte dans la gestion d’actifs a ainsi dépassé 1,2 milliard d’euros.Au total, Azimut affiche un encours de 19,3 milliards d’euros, dont 17,2 milliards sous gestion.
09/11/2012

BBVA overtakes Santander in assets

For the first time since January 2009, there has been a change in the leader in the securities fund management industry in Spain, although the difference between the top two players is only EUR135m, Funds People reports. The acquisition of Unnim Gestions by BBVA and net redemptions from Santander meant that as of the end of October, BBVA once again became the largest firm by assets, with EUR19.174bn under management, compared with USD19.038bn for Santander, according to statistics from the Spanish Inverco association of asset management firms.However, according to statistics from VDOS, Santander remains the largest Spanish asset management firm as of the end of October, with a market share of 17.02%, compared with 15.16% for BBVA.
09/11/2012

TCI reopens to subscriptions

The activist fund The Children’s Investment Fund (TCI) is reopening to subscriptions, Institutional Investor reports. The hedge fund has also created three new share classes, which will charge reduced fees. TCI has posted returns of 18% in the first nine months of the year.
09/11/2012

UCITS HFS index down slightly in October

The UCITS HFS index, which measures the performance of UCITS products which rely on hedge fund strategies, has lost 0.04% in the month of October, after three consecutive months of positive returns. Since the beginning of the year, the UCITS HFS index has gained 2.73%. Five strategies of the index finished the month in positive territory, with gains of 0.71% for credit, 0.53% for US equities, and 0.74% for global macro. Credit and fixed income remain the only two strategies to have posted monthly gains since the beginning of the year, with respective gains over nine months of 7.55% and 4.97%.
09/11/2012

Money market fund proposal rejected

A proposal by the money market fund industry to impose fees on investors seeking to withdraw from a fund during a crisis received a cold reception from the Securities and Exchange Commission, according to reports in the Wall Street Journal. Regulators are of the opinion that the proposal does not go far enough, and may trigger panic on money markets.
09/11/2012

Fatca: international agreement sought with 13 countries, including France

The United States on 8 November announced that they are planning to conclude negotiations by the end of this year with 13 countries including France, for an agreement which would facilitate the implementation of US Fatca legislation to combat tax evasion. The Treasury department has announced in a statement that it is “in the process of completing an inter-governmental agreement” for which it “hopes to conclude negotiations by the end of the year” with 13 countries: Germany, Canada, Denmark, Spain, Finland, France, Italy, Ireland, Japan, Mexico, Norway, the Netherlands, and Switzerland. The goal fo the talks is to set up a “law on the fulfilment of tax obligations on foreign accounts” (Fatca). The law, passed in Mach 2010, will come into force gradually, starting in 2013. It requires international financial institutions (IFI) to transfer information to the US tax authorities (IRS) about accounts held by US taxpayers, whether or not they are US citizens.
09/11/2012

Another Madoff employee pleads guilty

A former employee of Bernard Badoff, Irwin Lipkin, on Thursday pleaded guilty to criminal charges, but denied knowledge of the massive fraud, the Wall Street Journal reports. He is the ninth person to plead guilty in the government investigation, which is entering its fifth year. Lipkin admitted that he signed documents he knew that were false. But he claims that he knew nothing about the Ponzi scheme.
09/11/2012

Pyxis Capital launches bank loan ETF

On 7 November, the Texan firm Pyxis Capital (USD2.4bn in assets) listed the Pyxis iBox Senior Loan ETF (acronym: SNLN), which replicates the Markit iBoxx USD Liquid Leveraged Loan Index of the 100 most liquid publicly-traded liquid loans, for trading on the NYSE-Arca platform. The product charges fees of 0.55%.
09/11/2012

Deputy CEO of EFG International leaves firm

The deputy CEO of the private banking group EFG International will be leaving his position at the end of 2012. A founding partner of EFG Financial Products, which has recently held its IPO, Lukas Ruflin will remain available to the business as a consultant and member of the board of directors, a statement released n 8 November says. Ruflin had served in the role of deputy CEO for more than three years. He will not be replaced, for reasons of cost savings, a statement says.
09/11/2012

Yves Sarasin appointed as CEO for Central and Eastern Europe at Sarasin

Yves Sarasin will take over on 1 January 2013 as director fo the markets of Central and Eastern Europe at Banque Sarasin. This market includes business with private clients in Poland and Russia with accounts in Switzerland. Yves Sarasin will be based at the headquarters of Banque Sarasin in Zurich, and will report directly to Eric G. Sarasin, head of the Private Banking division and a member of the Executive Committee at Banque Sarasin. In his previous position. Yves Sarasin set up the bank’s representative office in Poland. The former co-director Daniel Raemy will now be solely responsible for the Warsaw office.
09/11/2012

Care Group offers to measure the sustainability of funds

The Swiss firm Care Group is offering an online tool which allows subscribers to funds to test the sustainability of the product in which they are invested. The tool, on the website www.SRIFundsAdvice.com, uses more than 70 performance indicators, Finews reports.
09/11/2012
Gestion d'actifs

La Caisse de pensions Jura pastorale a procédé à quelques ajustements tactiques

D’après Pierre André Shaffter, administrateur de la Caisse de pensions de la Collectivité ecclésiastique cantonale de Jura pastorale, le rendement de la caisse devrait s’avérer satisfaisant en 2012. Il estime que celui-ci devrait se situer entre 3 et 4 % contre 1,5 % en 2011. La Caisse de pensions Jura pastorale, qui gère 28 millions de francs suisses pour 155 actifs et 70 retraités, n’a pas fait évoluer son allocation tactique : 53% d’obligations, dont 18% à l'étranger, 13% d’actions suisses et 13 % d’actions étrangères, 14% d’immobilier, 5% de liquidités et 2% de placements alternatifs. Depuis le début de l’année, elle a procédé à quelques ajustements tactiques : « augmentation de l’exposition dollar en achetant des ETF des secteurs de l’assurance et de l’automobile », et « allégement de l’exposition aux actifs japonais ». Le comité de placements qui se réunit prochainement pour définir les grilles d’investissement ne devrait pas revoir l’allocation stratégique, conformément à la « politique de stabilité » de l’institution. Jura Pastorale gère en direct son allocation, en lien avec les banques du canton du Jura. Pour l’immobilier, dont la part n’a pas évolué au niveau de la Suisse, les actifs sont répartis entre USB Sima, La Foncière, le fonds immobiliers romand FIR, Immofonds et Swisscanto pour l’immobilier international. Les placements alternatifs concernent deux fonds de matières premières. Le taux de couverture de la caisse de pensions est de 98,9 %, ce qui est jugé satisfaisant par Pierre André Shaffter. « La baisse prochaine de notre taux technique à 3,5 % devrait ramener le taux de couverture à 97 % à fin 2012 » conclut-il.
Gestion d'actifs
08/11/2012

Mario Draghi attend un signal de l'Espagne

Le président de la BCE a indiqué que la banque centrale était prête au besoin à activer son programme de rachats d’emprunts d’Etat sur le marché secondaire, l’OMT, si et seulement si un pays en fait la demande. «Il revient à l’Espagne de prendre la décision», a souligné Mario Draghi. Le président de la banque centrale a noté un ceratin nombre d’effets positifs liés à l’annonce de l’OMT, comme le retour des fonds monétaires américains face aux contreparties de la zone euro ou la plus grande participation des investisseurs non résidents aux adjudications de dette publique de l’Espagne et de l’Italie. Mario Draghi s’est en revanche montré plus pessimiste sur les perspectives économiques de la zone euro.
Mario Draghi attend un signal de l'Espagne. Source photo: BCE
08/11/2012

Blanchiment: l'ACP sanctionne un établissement de crédit

L’Autorité de contrôle prudentiel a publié jeudi sur son site une décision de sanction à l’encontre d’un établissement de crédit dont elle ne révèle pas l’identité. L’ACP inflige à ce dernier une sanction de 500.000 euros pour des carences dans l’organisation contre le blanchiment de capitaux et le financement du terrorisme au sein de l’activité banque privée. L’Autorité avait mené il y a deux ans une mission sectorielle qui a notamment débouché sur la mise en cause d’UBS France. La Société Générale avait aussi reconnu en début d’année être dans le collimateur de l’ACP sur cette question.
08/11/2012

Madrid boucle sans encombre son programme d'emprunt 2012

Le Trésor espagnol a placé pour 4,8 milliards d’euros d’obligations à moyen et long terme, un montant suffisant pour boucler son programme d'émissions 2012 et entamer par avance celui de l’an prochain malgré les incertitudes sur une éventuelle demande d’aide extérieure. Les adjudications réalisées jeudi incluaient le premier emprunt à 20 ans lancé par l’Espagne depuis un an et demi et son succès montre que les investisseurs restent prêts à investir à long terme dans la dette espagnole. Les 731 millions d’euros de titres arrivant à échéance en 2032 l’ont cependant été à un rendement moyen historiquement élevé de 6,328%.
08/11/2012

La Banque d'Angleterre arrête ses rachats d'actifs

A l’issue d’une réunion répartie sur deux jours, le comité de politique monétaire de la Banque d’Angleterre a confirmé son intention de mener à terme les rachats de 50 milliards de livres d’emprunts d’Etat, ce qui portera le montant du programme d’assouplissement quantitatif à 375 milliards de livres d’ici novembre. Le programme de QE ne sera donc pas prolongé. La banque centrale a, comme prévu, également laissé son taux directeur inchangé, au niveau historiquement bas de 0,5%. La Banque centrale européenne n’a également pas modifié ses taux directeurs.
08/11/2012

Nyse Liffe songe à bousculer les horaires de son marché parisien

L’opérateur envisage d’étendre les horaires de trading à compter de janvier sur son marché à terme parisien des céréales. Il sonde actuellement les utilisateurs en Europe et dans d’autres parties du monde pour voir s’ils soutiennent une telle évolution. Cette mesure prend en compte la publication plus tardive à partir de début 2013 du rapport prévisionnel de l’USDA.
08/11/2012

PAI Partners voit dans le crédit d’impôt une « révolution fiscale »

«En pratique, le crédit d’impôt de 20 milliards revient à réduire de moitié l’impôt sur les sociétés», a déclaré à Reuters Lionel Zinsou, en marge de SuperInvestors. Il a rappelé à cet égard qu’en fonction des années, l’impôt sur les sociétés rapporte à l’Etat français entre 40 et 50 milliards d’euros par an. «On va se retrouver dans une situation où l’on sera presque aussi compétitif que l’Irlande en termes d’impôt sur les sociétés», a ajouté le patron de PAI Partners, pour qui «c’est juste une révolution».

Sujets d'actualité

Tous les sujets