INCLUDING: Threadneedle enters US; Partners Group opens in Sydney; Fidelity real estate in Germany
US - Threadneedle, an asset manager based in London, is to expand its presence in the US market.
Threadneedle, already established in Europe, is launching its brand in the US through RiverSource Investments, to whom it is an affiliated subadvisor.
Threadneedle currently manages four RiverSource mutual funds, which have now been re-branded with the Threadneedle name and identity in a move that will clearly differentiate the products.
Threadneedle and RiverSource Investments have hired two senior product specialists representing the East and West coasts of the US.
David Wonn and Michael Robinson will work with Threadneedle's head of US distribution, William Lowndes, to support the wholesaling teams that sell funds to advisers and third party platforms and distributors.
They will also have a long term focus on developing Threadneedle's institutional business.
William Lowndes, head of US distribution, Threadneedle, said: "US investors seeking superior returns will welcome our active, high alpha generating investment management style.
"As US investors look increasingly to diversify beyond their traditional commitment to US Equities, we are looking forward to bringing the outstanding Threadneedle Global Equities offering to the US retail and institutional markets."
Partners Group opens in Sydney
AUSTRALIA - Partners Group, the Switzerland-based alternative asset manager, has expanded its Asian presence with the opening of an office in Sydney.
Martin Scott, who in the past built a strong Australian presence for Zurich Financial Services, has joined Partners Group in the Sydney office.
He will be joined by Mike Siebert, who has helped expand Partners Group's Asian presence out of the Singapore office since 2004.
Scott and Siebert will be responsible for the business development activities, investment origination and client relationships in the region.
Philipp Gysler, head Asia, said: "It is envisaged that this local presence will for instance allow the sourcing of an increased number of attractive secondary and direct opportunities, such as the co-investment completed with Ironbridge Capital in Super A-Mart, a leading furniture retailer in Queensland and New South Wales."
Christoph Rubeli, head markets Asia, added: "The establishment of a local Australian presence reflects the significant growth of this region as well as the increased interest in the alternative assets classes we observe among investors.
"The access to this market will ensure we are well-positioned to collaborate with the rapidly developing client segment of superannuation funds as well as support our activities with strategic distribution partners, such as our cooperation with JANA Investment Advisers."
Fidelity real estate in Germany
GERMANY - Fidelity has opened the first dedicated Fidelity Real Estate Business office in Munich, and the made its first German purchase for Fidelity's new Pan European Real Estate Fund.
The new office will provide a strategic base for Keith Sutton, Fidelity's director of European real estate and will now look to expand the real estate management team based around Fidelity's network of European offices.
"We already have a team in London and Luxembourg and our vision is to continue our expansion into other key centres such as Paris, Frankfurt, and now Munich, said Sutton.
The new property acquired in Munich represents the sixth acquisition of an on-going programme to create a Pan-European portfolio. Further purchases are expected to be announced shortly.
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