Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
29/09/2009

La Deutsche Bank contrôle déjà virtuellement Sal. Oppenheim

Selon des proches du dossier, la Deutsche Bank aurait octroyé aux familles possédant la banque Sal. Oppenheim un crédit supplémentaire de 350 millions d’euros afin de leur permettre de désintéresser les autres banques créancières, rapporte la Frankfurter Allgemeine Zeitung. Ce montant s’ajoute aux 300 millions d’euros fournis à ces mêmes familles pour financer l’externalisation des participations dans Arcandor, IVG et de l’activité de conservation de la BHF-Bank. Autrement dit, avec ces 650 millions d’euros, la Deutsche Bank n’est pas très loin des 45 % qu’elle vise initialement dans Sal. Oppenheim L'établissement serait valorisé à 1,5 milliard d’euros, hors banque d’investissement. La Deutsche Bank est en fait intéressé par la gestion de fortune de Sal. Oppenheim (132 milliards d’euros d’encours).
29/09/2009

Levée de fonds pour DZ Bank

La Tribune qui cite le Financial Times rapporte que la principale caisse d'épargne allemande, DZ Bank, est sur le point de boucler une augmentation de capital de 900 millions d’euros garantie pour la moitié par des banques coopératives locales, principaux actionnaires de l'établissement.
29/09/2009

Un ancien de chez Coutts rejoint BSI Bank

Hanspeter Brunner, ex-chief executive de RBS Coutts, a rejoint la banque privée suisse BSI, selon Asian Investor. Il devrait s’installer en mars prochain à Singapour pour prendre la tête des activités de la banque en Asie et développer la présence de l'établissement dans la zone.
29/09/2009

Probable augmentation de capital pour Unicrédit

L’Agefi rapporte que les rumeurs sont pressantes sur une levée de quatre à six milliards d’euros sur les marchés d’Unicredit grâce à une augmentation de capital avec droit préférentiel de souscription. Selon Reuters et la presse transalpine citées par l’Agefi, la banque italienne aurait mandaté au moins quatre banques pour réaliser l’opération - Merrill Lynch, Credit Suisse, Goldman Sachs, Mediobanca, UBS - sans compter la division de banque d’affaires d’Unicredit. Une augmentation de capital éviterait à UniCredit, qui tient un conseil d’administration aujourd’hui, le recours aux titres hybrides, dits «Tremonti» (du nom du ministre des Finances), mis en place par l’Etat et assortis de plusieurs conditions. UniCredit se verrait notamment imposer des limites dans ses politiques de rémunération et de dividende.
29/09/2009

OMAM muscle sa force de vente

Matthew Appelstein, executive vice president, qui est responsable des ventes institutionnelles et du marketing, va désormais diriger également la distribution retail et non-US d’Old Mutual Asset Management (OMAM), rapporte Mutual Fund Wire. L’intéressé a indiqué qu’il va augmenter à 25 personnes l'équipe de distribution qui en compte actuellement 20. Il a indiqué faire partie d’un «triumvirat» comprenant Julian Sluyters, president & CEO d’Old Mutual Capital, chargé des activités retail, et James Mikolaichik executive vice president et head of product, strategy and corporate development, qui est chargé des produits destinés au retail.
29/09/2009
Fonds

GLG lance un fonds de dette

GLG Partners, l’un des plus gros hedge funds londoniens, a lancé un nouveau fonds investi dans la dette de sociétés britanniques et européennes en difficultés, rapporte le Financial Times. Le nouveau produit gère déjà 300 millions de dollars pour le compte de ses clients, selon des personnes proches du dossier. Il est géré par Galia Velimukhametova.
Fonds
29/09/2009
Fonds

Le fonds saoudien F6 s'intéresse au Liverpool

Selon Cinco Días, le fonds saoudien F6 est en train de négocier avec George Gillett l’acquisition de 25 à 50 % du club de football de Liverpool. Cela vient un mois après que Sulaiman el Fahim, un investisseur des Emirats, ait acheté le club de Portsmouth. Voici un an, le fonds souverain Abu Dhabi United Group avait pris le contrôle du Manchester City.
Fonds
29/09/2009

RBS voudrait vendre une partie de sa gestion d'actifs

Afin de diminuer l’emprise de l’Etat britannique sur son capital, la Royal Bank of Scotland (RBS) a imaginé de vendre une partie de sa gestion d’actifs en scindant RBS Asset Management (30 milliards de livres d’encours), selon The Times. L’idée serait de conserver Coutts (la banque de la famille royale britannique), un établissement spécialiste des grandes fortunes, et de vendre le reliquat. Morgan Stanley aurait été engagée comme banque conseil pour cette cession.
29/09/2009

Swisscanto va développer son activité institutionnelle

Le gestionnaire helvétique Swisscanto a recruté Rob Barrett comme head of UK institutional business, la même fonction qu’il a occupée chez HSBC Global Asset Management, rapporte Professional Pensions. Cette embauche s’inscrit dans le cadre d’un changement de stratégie à la faveur duquel Swisscanto a décidé de commercialiser des produits obligataires et actions mondiales auprès de fonds de pension britanniques, bien qu’il ait déjà géré des investissements à Londres depuis près de 20 ans.
29/09/2009

Prisa vend des participations à DLJ et Ongoing

Pour 404 millions d’euros, Grupo Prisa vend 25 % de l'éditeur Santillana au fonds DLJ South American Partners et 35 % du portugais Media Capital au fonds Ongoing Strategy Investments, rapporte Cinco Días.
29/09/2009

Les fonds du Golfe ont perdu 350 milliards de dollars

Selon L’Agefi suisse, le rapport de la Conférence de l’ONU pour le commerce et le développement (UNCTAD) indique que quatre fonds souverains du Golfe ont perdu environ 350 milliards de dollars en raison de la crise financière. Les avoirs des fonds d’Arabie saoudite, du Koweït, du Qatar et d’Abou Dhabi n’ont toutefois pas beaucoup baissé en raison de l’injections de revenus pétroliers. De 1165 milliards de dollars fin 2007, ces avoirs sont passés à 1115 milliards fin 2008 après des injections de 300 milliards.
29/09/2009

Les investisseurs font pression sur les sociétés de private equity

Selon le Financial Times, 220 investisseurs ayant placé 1.000 milliards de dollars dans le private equity se sont regroupés pour demander aux sociétés d’adopter un cadre de bonnes pratiques et d’aligner leurs intérêts plus clairement avec ceux des investisseurs. Ils réclament aussi une baisse des frais.
29/09/2009

La gestion d’actifs de Credit Suisse en phase d’intégration chez Abderdeen

Selon L’Agefi suisse, Aberdeen Asset Management entre dans le stade final et critique de l’intégration des activités de gestion institutionnelle de Credit Suisse. La société écossaise, qui a acquis ces activités en décembre dernier pour 250 millions de livres, souhaite ainsi se développer en Suisse où elle est encore peu connue et où elle gère déjà quelque 22,5 milliards de francs d’actifs. Elle cherche à renforcer sa présence locale en élargissant les bureaux à Zurich et à Genève avec six employés que la société a hérités de Credit Suisse.
29/09/2009

UBS : Sergio Marchionne et Peter Voser jettent l'éponge

L’UBS a annoncé mardi matin du Sergio Marchionne, «senior independent director» du conseil d’administration, et Peter Voser ne seront pas candidats lors de l’assemblée générale du 14 avril 2010 à une réélection comme administrateurs de la banque. Tous deux sont «désireux de se concentrer sur leurs tâches managériales très exigeantes». Le premier est notamment CEO de Fiat SpA, de Fiat Group Automobiles et de Chrysler Group. Le second est CEO de Royal Dutch Shell.
29/09/2009

okoworld takes over direct management of its funds

The Luxembourg management firm Ökoworld Lux SA, an affiliate of the German sustainable development consulting firm versiko, announced on Monday that from 1 November, it will take over direct management of the five sub-funds of its Ökovision Sicav: Classic, Europe, Garant 20, Klima and Water for life. For 13 years, Ökoworld had been limited to developing ecological and ethical investment supports. For its transition into the phase of direct management, the firm has recruited two experienced portfolio managers, Alexander Funk (who has managed the equities fund ÖKO-Aktienfonds at DZ-Bank International, among others), and Frank Frey.
29/09/2009

Commerz Real invests in a logistical property in Frankfurt

Commerz Real (EUR43bn) has invested EUR43.3m for its open-ended real estate fund hausInvest europa (EUR9bn in assets), in a logistical centre under construction which is expected to be completed in 2010. The 23,000 square metre hall is located in «Cargo City Süd» at Frankfurt airport, and is already wholly leased for ten years to a transport firm. The vendor is the developer Jürgen B. Harder.
29/09/2009

BGI launches three new iShares funds based on Russell Top 200

On Friday, Barclays Global Investors (BGI) listed three ETF funds, iShares Russell Top 200 Value Index Fund (IWX), iShares Russell Top 200 Index Fund (IWL) and iShares Russell Top 200 Growth Index Fund (IWY), on the New York Stock Exchange (NYSE). The Russell 200 index includes the 200 largest firms of the Russell 3000 index, which represents about 65% of the total capitalisation of publicly traded US businesses.
29/09/2009

Crédit Agricole Asset Management launches an Islamic Sicav

Crédit Agricole Asset Management Group (CAAM Group) is launching CAAM Islamic, its first Sicav fund invested in keeping with the principles of Islamic law. To achieve this, the management firm has created a sharia compliance committee, composed of reputable Islamic scholars. The Luxembourg-registered Sicav is composed of sub-funds aimed at retail and institutional investors, which will invest in various asset classes in strict respect of Sharia rules. Among these, all sectors forbidden by Sharia (alcohol, gambling, pork products and their derivatives, arms, tobacco, etc) will be excluded, as well firms considered unacceptable due to their levels of debt, bonds or liquidity. In France, three sub-funds will be available: CAAM Islamic BRIC Quant is a quantitative emerging markets equities management fund investing in Brazil, Russia, India and China, with the objective of ourperforming the Dow Jones Islamic Market BRIC equally weighted index in the long term. CAAM Islamic Asian Active Equity Ex-Japan is a fundamental management and Asian equities fund investing in a selection of shares which may or may not be included in the universe of an Islamic index, with the goal of outperforming the Dow Jones Islamic Market Asia Pacific ex. Japan, Australia and New Zealand in the long term; and CAAM Islamic Multimanagers Global Equities, a fund of international Islamic equities funds, which aims to outperform the Dow Jones Islamic Market World index in the long term.
29/09/2009

GLG launches a debt fund

GLG Partners, one of London’s largest hedge funds, has launched a new fund to invest in the debt of troubled UK and European companies. The fund already manages about USD300m of clients’ money, according to people familiar with the situation. It is managed by Galia Velimukhametova.
29/09/2009

Saudi fund F6 interested in Liverpool FC

According to Cinco Días, the Saudi fund F6 is in negotiations with George Gillett over an acquisition of a 25% to 50% stake in Liverpool Football Club. The news comes one month after Sulaiman el Fahim, an investor from the United Arab Emirates, bought the Portsmouth football team. A year ago, the sovereign fund Abu Dhabi United Group took control of Manchester City.
29/09/2009

RBS seeking to sell part of asset management activities

To reduce the stake in the firm held by the British government, Royal Bank of Scotland (RBS) is reportedly considering a sale of part of its asset management activities, in which it would part with RBS Asset Management (GBP30bn in assets), the Times reports. The idea would be to retain Coutts (the bank of the British royal family), a firm specialised in asset management for high net worth private clients, and to sell off the remainder. Morgan Stanley is said to have been retained as advising bank for the sale.
29/09/2009

Swisscanto to develop institutional activities

The Swiss management firm Swisscanto has recruited Bob Barrett as head of UK institutional business, the same function he served at HSBC Global Asset Management, Professional Pensions reports. The recruitment is part of a change in strategy for Swisscanto, which has decided to sell its bond and global equities products to British pension funds, though it has already been managing investments in London for nearly 20 years.
29/09/2009

Prisa sells stakes to DLJ and Ongoing

For EUR404m, Grupo Prisa is selling a 25% stake in the Santillana publishing house to the fund DLJ South American Partners, and 35% of the Portuguese firm Media capital to Ongoing Strategy Investments, Cinco Días reports.
29/09/2009

Standard Life Investments adds to credit team

Standard Life Investments has appointed Christopher Heckscher as senior vice president, US Credit. He joins from Wellington Management where he covered a broad set of sectors within US investment grade and high yield for over 14 years. Based in Boston, Christopher will report to Erlend Lochen, head of US credit and global head of high yield. He will be responsible for covering US high yield and will work with the US Equities team to broaden coverage of US investment grade issuers.
29/09/2009

Olivier Johanet enters capital of La Financière Responsable (LFR)

Nearly two years after its creation, La Financière Responsable (LFR) is opening a new chapter in its history with the arrival of Olivier Johanet, the former president of La Française des Placements Investissements (LFP). Johanet is acquiring a 65% stake in the capital of the management firm specialised in socially responsible investment (SRI), and becomes president in charge of strategy, commercial development and marketing. This is a way for Johanet to remain in an entrepreneurial executive position, as LFP merges with UFG. This is a happy turn of events for Stéphane Prévost, CEO, vice-president and 35% owner of LFR, who had been seeking a partner since the departure of Patrick Savadoux, with whom he founded the business in late 2007. Johanet’s entry into the capital of the firm will also allow the boutique to cut its ties with La Française des Placements, which had assisted it in its development through an initial acquisition of a 30% stake, and later the additional 35% stake once held by Savadoux.
29/09/2009

BNP Paribas launches EUR4.3bn capital increase and pays off government aid

BNP Paribas announced on 29 September that it is planning a capital increase of EUR4.3bn, that from October it will redeem the EUR5.1bn in preferential shares in the business held by the French government, and that it will make a further payment to the government of EUR226m calculated over seven months. The bank will thus settle all of its engagements (credit and other payments) which it owes to the state. “It was agreed from the start with the state and the European Union that this participation would be reimbursed as soon as possible. Its cost was progressive, in order to incide rapid repayment,” the bank says in a statement. The EUR5.1bn will be financed by a capital increase of EUR4.3bn, combined with the creation of owners’ equity resulting largely from the payment of dividends in shares (EUR0.75bn) and a capital increase operation reserved for employees (EUR0.26bn). At the conclusion of the operation, BNP Paribas will have EUR59.4bn in Tier one owners’ equity, and its Tier one ratio will be over 9% (pro forms as of 30 June). The group’s capacity for profit (net results of EUR3.2bn for first half 2009) and the organic generation of owners’ equity will ensure that margins of financial maneuvering room appropriate for the continued development ina context of increased capital requirements will be maintained.
29/09/2009

Deutsche Bank already nearly controls Sal. Oppenheim

According to sources close to the firm, Deutsche Bank is said to have issued a supplementary line of credit of EUR350m to the families that own the Sal. Oppenheim bank, to allow them to pay off loans from other banks, the Frankfurter Allgemeine Zeitung reports. This amount comes in addition to the EUR300m provided to the same families to finance a spinoff of their stakes in Arcandor, IVG and the custodial activities of BHF-Bank. In other words, with EUR650m already on the table, Deutsche Bank is not far from the 45% stake it had initially aimed for in Sal. Oppenheim. The firm is said to be valued at EUR1.5bn, excluding the investment bank. Deutsche Bank is interested in the wealth management arm of Sal. Oppenheim (EUR132bn in assets).
29/09/2009

Former Coutts executive joins BSI Bank

Hanspeter Brunner, former chief executive of RBS Coutts, has joined the Swiss private bank BSI, according to Asian Investor. He will move to Singapore next March to take over as head of the bank’s activities in Asia and to develop the bank’s presence in that region.
29/09/2009

OMAM scales up sales force

Matthew Appelstein, executive vice president, in charge of institutional sales and marketing, will now also be in charge of retail distribution and non-US at Old Mutual Asset Management (OMAM), Mutual Fund Wire reports. Appelstein has announced that he will increase the size of the distribution team, which currently has 20 members, to 25. He joins a triumvirate that also include Julian Sluyters, president & CEO of Old Mutual Capital, in charge of retail activities, and James Mikolaichik, executive vice president and head of product, strategy and corporate development, who is in charge of products aimed at retail clients.

Sujets d'actualité

Tous les sujets