FRANCE - Northern Trust Global Investments has bagged an advisory mandate from Groupama Asset Management in Paris. The mandate will cover US equity mandates totalling US$300m in large- and mid cap assets.
Groupama Asset Management is the fund management arm of France's largest mutual insurer, Groupama.
Vincent Zeller, chief investment officer of Groupama Asset Management, said: The relationship with Northern Trust will assist us in continuing to seek the consistently good returns that our customers demand in important asset classes.”
Steve Potter, president, NTGI Europe, said: This is a good opportunity to apply the expertise of our equity portfolio management team, led by John Leo, director of US equities.
“In addition, this relationship with Groupama complements our existing partnerships with other major European financial organisations, such as Helaba Invest KAG in Germany and Mediolanum in Italy.
Most people think it is right that savers take responsibility to protect from pension scams.
More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.
On balance the asset class is well-positioned for 2019, according to Eaton Vance