INCLUDING: UK - Schroders announces interim results; NETHERLANDS - ORTEC Finance created; US - State Street expands capabilities in alternative investments arena; JAPAN - Success for DIAM International
UK – Schroders announces interim results
According to the company’s interim results to 30 June 2007, outflows in the UK, and to a lesser extent, Japanese equities led to net outflows of £4.1bn.
Despite this, Schroders said institutional revenues were up 15%.
NETHERLANDS – ORTEC Finance created
A new legal entity called ORTEC Finance has been created to focus on risk-return management for pension funds, insurers, asset managers and housing corporations.
It arose after ORTEC, a provider of advanced planning and optimisation solutions, recently underwent a series of organisational and structural changes aimed at accelerating its growth both geographically as well as in its targeted market segments.
US – State Street expands capabilities in alternative investment arena
In addition to the private equity servicing capabilities it assumed as part of the acquisition of Investors Financial Services Corporation, State Street has acquired Palmeri Fund Administrators (PFA).
JAPAN - Success for DIAM International
DIAM International has exclusively revealed to Global Pensions that it has been awarded funds for management from an institutional German investor for Japanese equities.
The total fund size managed for German institutions is US$180m.
Tenders for first-time fiduciary management mandates will be mandatory, must be conducted on a closed basis, and will apply to any mandate for over 20% of a scheme's assets, the Competition and Markets Authority (CMA) has confirmed.
Daniel J. Graña of Putnam investigates how US's trade war with China will affect emerging market equities
Aviva Investors explains the growth and protection benefits investors gain from real assets
Royal London has announced that group chief executive Phil Loney has decided to stand down by the end of 2019.