Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
24/07/2012

Hermes Fund Managers nomme un directeur du développement Europe

Hermes Fund Managers a recruté Paul Voûte au poste de directeur du développement pour l’Europe. Il travaillera sous la direction de Harriet Steele, responsable mondiale du développement. L’intéressé sera tout particulièrement responsable du développement de la clientèle institutionnelle au Benelux et en Europe du Nord. Paul Voûte était auparavant directeur commercial auprès de GE Asset Management.
24/07/2012
Fonds

Lancement du Templeton Global High Income Bond

Franklin Templeton Investments a réuni trois gérants spécialistes pour piloter ensemble son nouveau fonds dédié aux obligations high yield, rapporte Citywire. Le Templeton Global High Income Bond fund, de droit luxembourgeois, sera dirigé par Eric Takaha (cogérant du Templeton Global High Yield et du Franklin Strategic Income), Betsy Hofman (gérante du Franklin High Yield) et Patricia O’Connor (gérante du Templeton Euro High Yield).
Fonds
24/07/2012
Fonds

Les fonds américains ont attiré les souscriptions

Au cours de la troisième semaine de juillet, les fonds obligataires ont attiré dans le monde 4,7 milliards de dollars, constate EPFR Global. Parallèlement, les fonds d’actions ont enregistré des souscriptions de 5,1 milliards de dollars. Les fonds monétaires ont vu sortir 10,5 milliards dans le monde sur la période. Selon EPFR, ce sont les fonds d’obligations et d’actions américaines qui ont su attirer les flux les plus importants, alors que le marché s’inquiète de la situation de certains pays européens comme l’Espagne, et que les perspectives de croissance de la Chine déçoivent. Les fonds obligations US ont attiré 3,1 milliards de dollars dans la semaine, les fonds actions américaines 6 milliards.
Fonds
24/07/2012

Jupiter regroupe ses activités taux et multi-classe d’actifs

Jupiter Asset Management annonce la fusion de ses activités taux et multi-classe d’actifs. L’activité sera dirigée par Miles Geldard. L’intéressé gère notamment les fonds Jupiter Global Convertibles et Jupiter Strategic Total Return, épaulé par Lee Manzi et Joseph Chapman.Le regroupement des deux stratégies permettra selon Jupiter AM aux huit gérants de portefeuilles/analystes et aux deux opérateurs de marché dédiés «de partager davantage leurs idées et leurs ressources et favorisera une plus grande spécialisation parmi les membres de l’équipe». Les portefeuilles taux, convertibles et multi-classes d’actifs représentent actuellement 2 milliards de livres. John Hamilton, qui supervisait l’équipe taux depuis 1991, quittera l’entreprise plus tard dans l’année, «souhaitant petit à petit se retirer», indique le communiqué.
24/07/2012

Adam Cordery quitte Schroders

Adam Cordery, jusqu’alors patron des stratégies de crédit britanniques et européennes de Schroders, a quitté la société pour poursuivre d’autres projets, précise le gestionnaire britannique dans un communiqué. Suite à ce départ, Schroders crée le nouveau poste de responsable de la gestion crédit et de la recherche Europe et Royaume-Uni. C’est Patrick Vogel qui a été nommé à ce poste. Ce dernier rejoint Schroders le 27 août, en provenance de Legal & General où il était responsable de la gestion de portefeuille sur le crédit européen.
24/07/2012

Omnes Capital investit dans une opération de MBI

Omnes Capital (anciennement Crédit Agricole Private Equity) annonce avoir investi, en prenant une participation minoritaire de 40% via le fonds LCL Régions Développement et CAPE Région Expansion, dans une opération de MBI (management buy-in) sur le groupe Unafinance. L’opération a été menée aux côtés des repreneurs Antoine de Miramon et Eric Beaudru qui deviennent respectivement président et directeur général du groupe.
24/07/2012

Gerard Errera est nommé président de Blackstone en France

Blackstone annonce la nomination de Gérard Errera comme président de Blackstone en France. Il était auparavant conseiller spécial auprès de la société. Avant de rejoindre Blackstone en 2009, le nouveau promu occupait les fonctions de secrétaire général du ministère des Affaires Etrangères après avoir été ambassadeur de France au Royaume-Uni, et ambassadeur de France auprès de l’OTAN ainsi que directeur des affaires politiques du ministère des Affaires Etrangères.
24/07/2012

CNP Assurances : L'élection du nouveau directeur général reportée

Jeudi prochain, le conseil d’administration de CNP Assurances devait élire le nouveau directeur général du premier assureur-vie français, rapporte Les Echos. Mais, selon un proche de la Caisse des Dépôts (CDC), les administrateurs devraient prolonger le mandat intérimaire d’Antoine Lissowski qui occupait jusqu’en juin le poste de directeur financier de CNP Assurances. Jean-Pierre Jouyet, nouveau directeur général de la CDC, premier actionnaire de l’assureur-vie avec 40 % de son capital, a préféré différer le choix du nouveau patron exécutif de CNP Assurances, plutôt que de risquer une première polémique. L’ancien président de l’Autorité des marchés financiers a décidé de rouvrir le processus de sélection.
24/07/2012

High yield faces major redemption deadlines in the short term

According to a study published by Moody’s, issuers of high yield debt will need to meet large payment deadlines in the next two years, Agefi reports. The study takes into consideration 272 non-financial sector companies with USD663bn in banking sector debt and bonds, of which 55% will need to be paid off between 2013 and 2016. Nearly USD180bn (EUR150bn) in debt from speculative grade businesses will mature in 2013 and 2014 in the Europe, Middle East, and Africa (EMEA) region, and nearly usd96bn in debt will mature in 2014. Refinancing needs for 2013 total USD84bn, the newspaper reports.
24/07/2012

Libor: Deutsche Bank reportedly preparing for a one-time write-down for fines

According to reports in Handelsblatt, the board at Deutsche Bank is preparing to announce a one-time write-down of USD300m to USD1bn, to finance potential fines due to the bank’s involvement in manipulation of Libor. The announcement may have a very severe effect on quarterly results for the banking group, which will be released on 31 July.
24/07/2012

Assets up at Union Investment

Union Investment has posted net subscriptions in first half of EUR6.6bn, bringing assets under management to EUR170.3bn, up 6.2% compared with the end of 2011. Institutional clients contributed EUR6.2bn in net subscriptions, of which one third came from foreign clients, a statement says. Retail clients represented EUR0.4bn in net inflows.
24/07/2012

Julius Baer and Bank of China sign a commercial partnership

Julius Baer and Bank of China have signed a strategic partnership. Clients of the two banks may have access to the servics of one or the other structure, depending on their needs. The agreement also includes cooperation on marketing, distribution of products, and financial research. Joint conferences and seminars are also a possibility. The activities of Bank of China Switzerland will be combined with those of Bank Julius Baer. In first half, Julius Baer published adjusted net profits up 13% year on year, to CHF221m. Assets under management were up 5% from the end of 2011, to CHF179bn, a record for the firm. Net subscriptions totalled CHF5.5bn.
24/07/2012

S&P GIVI China A-Share index launched

S&P Dow Jones Indices today announced the launch of the S&P GIVIT China A-Share, the first index of its kind in the Chinese market to combine low volatility and an alternative weighting scheme that weights a stock by its calculated intrinsic value, rather than market-capitalization.
24/07/2012

Mirabaud AM strengthens teams and its emerging markets range

Mirabaud Asset Management has recruited Victor Benavides, Charles Walsh and Neville Shaw, three analysts based in London, who will assist Daniel Tubbs in the management of a new investment fund which will invest in emerging equity markets. Benavides worked at Amiral Gestion as a buy-side equity analyst specialised in Latin America, while Walsh had been a manager for South Asia at Hermes, where he was in charge of global emerging market equity portfolios. Shaw joins from Baring asset Management, as a manager for EMEA equities, a statement says. Global Emerging Markets, the Luxembourg fund which Tubbs is reponsible for managing, was launched on 2 July. It aims to outperform the MSCI Total Return Emerging Market index by 3% per year over three years on a rolling basis.
24/07/2012

Gerard Errera appointed chairman of Blackstone in France

Blackstone has announced the appointment of Gérard Errera as chairman of Blackstone in France. He had previously been a special consultant to the firm. Before joining Blackstone in 2009, Errera has served as Secretary General of the Ministry of Foreign Affairs, and served as Ambassador of France to the United Kingdom, as Ambassador of France to NATO, and as Director of Political Affaris at the Ministry of Foreign Affairs.
24/07/2012

US funds attract subscriptions

In the third week of July, bond funds have attracted USD4.7bn worldwide, EPFR Global reports. At the same time, equity funds have posted subscriptions of USD5.1bn. Money market funds have seen outflows of USD10.5bn in the period under review. According to EPFR, US bond and equity funds have attracted the largest inflows, while the market is concerned about the situation in some European countries, such as Spain, and that growth outlooks in China are worse than tought. US bond funds attracted USD3.1bn during the week, while US equity funds attracted USD6bn.
24/07/2012

Templeton Global High Income Bond fund launched

Franklin Templeton Investments has brought together three specialist managers to manage its new fund dedicated to high yield bonds, Citywire reports. The Luxembourg-registered Templeton Global High Income Bond Fund will be managed by Eric Takaha (co-manager of the Templeton Global High Yield and the Franklin Strategic Income), Betsy Hofman (manager of the Franklin High Yield) and Patricia O’Connor (manager of the Templeton Euro High Yield fund).
24/07/2012

Spain and Italy ban short-selling

As Spain had one of its blackest days of market trading on Monday, the Spanish financial market authority (CNMV) announced that short-selling of financial sector stocks will be barred in Spain for three months, La Tribune reports. In Italy, a similar decision has been taken. The Italian market authority Consob has forbidden short-selling of banking and insurance sector shares until the end of this week.
24/07/2012

Two former directors of Anglo Irish charged

The former CFO of Anglo Irish, Willie McAteer, and the former CEO in charge of Ireland, Pat Whelan, yesterday became the first to be charged over an investigation of large-scale fraud which in 2008 led to the collapse of the Irish banking sector, Agefi reports. They have been charged in connection with lending to a group of ten high net worth clients, to buy stakes in the bank.
24/07/2012

BinckBank announces net profits despite a decline in activity

BinckBank has announced adjusted net profits for first half 2012 of EUR27.9bn, of which EUR12.2bn were in second quarter 2012, despite a number of executed orders of 2.1 million, compared with 2.4 million in first quarter. An instalment of EUR0.17 per share will be paid out on dividends. Binck France, for its part, has posted an increase in the number of new brokerage accounts in second quarter of 4% (32.59% more accounts than in second quarter 2011), at 41,804 accounts as of 30 June 2012. However, a decline in the number of transactions between second quarter 2012 and last year was 8%, to 327,804 from 357,481. Compared with first quarter 2012, the decline is 26%. Average net proceeds from commissions per transaction in France were EUR5.22 in second quarter, compared with EUR4.10 in the first six months of the year, a statement says.
24/07/2012

Hermes Fund Managers appoints a director of development for Europe

Hermes Fund Managers has recruited Paul Voûte as director of development for Europe. He will report to Harriet Steele, global head of development. Steele will be responsible for development of institutional clients in Benelux and Northern Europe. Voûte was previously director of sales to GE Asset Management.
24/07/2012

AMF publishes a list of unauthorised companies

The French financial regulator, the Autorité des marchés financiers (AMF), on Monday issued a warning against the irregular activities of several websites which claim to offer high yield investments. Three products, offered by several firms, are targeted; Isostable, Serenity and Toppack, which are offered by the New Solutions Trading Limited company, and which are supposed to offer returns of 5%, 8% or 10% per month. “These companies do not have the necessary licenses to provide investment services in France, including investment advising and/or portfolio management for third parties,” the AMF states. The regulator also recommends that investors not respond to sales propositions from the following companies, and not to relay those propositions to third parties in any form whatsoever: - www.d2c-finances.fr (D2C FINANCES, 12 rue des Pellois 41300 La Ferté Imbault)- www.neo-invest.com (NEO INVEST, 57/2 quai Donat Casterman, 7500 Tournai Belgique))- www.sdc-newtrading.krysos.fr (SDC-INVEST and SDC-NEW TRADING Le HautTrégonneau 44500 Montoir de Bretagne)- www.newsolutionstrading.com (New Solutions Trading Ltd, P.O. Box 3321, Drake Chambers,Road Town, Tortola BVI, registered in the British Virgin Islands, and TERRA FINANCIA, located at 7 quai des Marans 17000 La Rochelle -Charente Maritime, which claims to be its correspondent in France)- www.bluestar-investment.com (Blue Star Investment Corp., 311 Shoreham Street, Sheffield S24FA registered in the United Kingdom, 311 Shoreham Street Sheffield S2 4FA South Yorkshire UK)
24/07/2012

Number of M&A transactions down in second quarter

Towers Watson has published the second quarter edition of the Quarterly Deal Performance Monitor. The first finding of the monitor is that the number of transactions completed in the quarter has fallen by over 40%, from 227 transactions in second quarter 2011 to 139 transactions in second quarter 2012. According to TW figures, European and Asia Pacific buyers have once again outpaced their respective regional MSCI Indices, with +3.8 points and +1.1 points. North American buyers, meanwhile, have seen a decline in returns since the beginning of the fiscal year, with a decline in returns of 3.3 points.
24/07/2012

Jupiter combines fixed income and multi-asset class activities

Jupiter Asset Management has announced the merger of its fixed income and multi-asset class activities. The activity will be led by Miles Geldard. Geldard is manager of the Jupiter Global Convertibles and Jupiter Strategic Total Return funds, with the assistance of Lee Manzi and Joseph Chapman. Jupiter AM says that combining the two strategies will allow the eight portfolio manager/analysts and the two dedicated market operators “to share their ideas and resources more, and promote more specialisation of team members.” Fixed income, convertible and multi-asset class portfolios currently total GBP2bn. John Hamilton, who had been head of the team since 1991, will be leaving the business later this year, and hopes to “gradually retire,” a statement says.
24/07/2012

Adam Cordery leaves Schroders

Adam Cordery, who had previously been head of British and European credit strategies at Schroders, has left the firm to pursue other projects, the British asset management firm says in a statement. Following this departure, Schroders has created a new position for a head of credit management and research for Europe and the United Kingdom. Patrick Vogel has been appointed to this position. He will join Schroders on 27 August, from Legal & General, where he was head of European credit portfolio management.
24/07/2012

BinckBank annonce un bénéfice net malgré une baisse d'activité

BinckBank a annoncé 27,9 millions de bénéfice net ajusté au premier semestre 2012, dont 12,2 millions au second trimestre 2012 en dépit d’un nombre d’ordres exécuté de 2,1 millions contre 2,4 millions au premier trimestre.Un acompte sur dividende de 0,17 euro par action sera versé. Pour sa part, Binck France a enregistré une progression du nombre d’acquisition de comptes de courtage au deuxième trimestre de 4 % (soit 32,59 % de comptes en plus qu’au deuxième trimestre 2011), atteignant 41.804 comptes au 30 juin 2012. En revanche, la baisse du nombre de transactions entre le deuxième trimestre 2012 et celui de l’an passé atteint 8 % en passant à 327 204 contre 357 481. Par rapport au premier trimestre 2012, la chute est de 26 %. Les produits de commissions moyens nets par transaction en France atteignent 5,22 euros ce dernier trimestre contre 4,10 euros au cours des six derniers mois, indique un communiqué.
24/07/2012

Hausse des encours pour Union Investment

Union Investment a enregistré au premier semestre des souscriptions nettes de 6,6 milliards d’euros, portant les encours sous gestion à 170,3 milliards d’euros, en hausse de 6,2 % par rapport à fin 2011. La clientèle des institutionnels a apporté 6,2 milliards d’euros de souscriptions nettes, dont un tiers en provenance de clients étrangers, précise un communiqué. Les clients particuliers ont représenté 0,4 milliard d’euros de collecte nette.
24/07/2012

Libor : Deutsche Bank préparerait une provision exceptionnelle pour une amende

Selon des informations du Handelsblatt, la direction de Deutsche Bank s’apprête à passer une provision exceptionnelle comprise entre 300 millions de dollars et 1 milliard de dollars afin de financer d'éventuelles amendes résultant de son implication dans la manipulation du taux Libor. Cette provision pourrait avoir un impact très fort sur les résultats trimestriels du groupe bancaire, qui seront publiés le 31 juillet.
24/07/2012

Julius Baer et Bank of China signent un partenariat commercial

Julius Baer et Bank of China viennent de signer un partenariat stratégique. Les clients des deux banques pourront avoir accès aux services de l’une ou de l’autre structure selon leurs besoins. L’accord prévoit également une coopération dans le marketing, la distribution de produits et la recherche financière. Des conférences et séminaires communs sont également envisagés. Par ailleurs, Bank of China Suisse verra ses activités regroupées avec celles de Bank Julius Baer. Au premier semestre, Julius Baer a publié un bénéfice net ajusté en hausse de 13% sur un an à 221 millions de francs suisses. Les actifs sous gestion se sont affichés en hausse de 5% depuis fin 2011, à 179 milliards de francs, soit un niveau record pour la société. Les souscriptions nettes ont atteint 5,5 milliards de francs suisses.

Sujets d'actualité

Tous les sujets