GLOBAL - Allianz Global Investors (AllianzGI) has grown assets under management to e942bn in 2005, as 89% of its assets outperformed their benchmark over a three-year period.
AllianzGI’s net inflows into third party funds more than doubled to e65bn compared to e29bn the year before.
Looking at the specific markets, AllianzGI value-style equity boutique in the US, NFJ, doubled its assets in 2005 to US$20bn.
In Asia, AllianzGI achieved an average growth rate of 26% between 2002 and 2005, while assets under management reached e63bn in 2005.
CEO Joachim Faber claimed 2005 was a “benchmark year” for the company, and added: “In 2005, 89% of AllianzGI’s assets outperformed their benchmark over a three-year period. As a consequence, AllianzGI was able to grow its third-party assets by 28.5% in 2005.”
Net inflows contributed 12%, while capital markets and outperformance contributed 16.5%. By Damian Clarkson
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.