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Experts see trouble ahead from MiFID II
trueEuropean market regulators' efforts to apply equity templates to trading in other asset classes will be felt by U.S. money managers and asset owners through higher trading costs, reduced investment performance and a potential move to more in-house management by asset owners, industry analysts said.
Denmark's ATP returns 6% in first quarter on Danish equity gains
trueATP, Hilleroed, Denmark, returned 6% in the first quarter of 2015, boosted by record returns on Danish equities, the pension fund announced Thursday.
Luxembourg receives 50 billion RQFII quota
trueThe People’s Bank of China granted Luxembourg a 50 billion renminbi ($8.1 billion) qualified foreign institutional investor quota.
Sterling-, euro-denominated U.S. equity funds struggle to top S&P 500 index
trueActive money managers find it tough to outperform benchmarks when it comes to sterling-denominated equity strategies investing in the U.S., emerging markets and international equities.
London Stock Exchange on track to sell Russell Investments
trueThe sale of Russell Investments by the London Stock Exchange Group is on track, the exchange said in its latest financial update.
Norway's Government Pension Fund Global notches record quarterly return
trueGovernment Pension Fund Global, Oslo, Norway, achieved its highest ever quarterly return in the three months ended March 31, gaining 5.3% or 401 billion Norwegian kroner ($50.1 billion).
Milken conference: El-Erian warns about eurozone problems
trueMohamed El-Erian, chief economic adviser at Allianz, contends the eurozone is a bit wobbly right now.
Canadian pension funds, Abu Dhabi kick off $4 billion Norway court contest
trueOwners in Norway's gas pipeline network on Monday kicked off their effort in an Oslo court to recoup what they claim will be about 34 billion kroner ($4.34 billion) in lost income from tariff cuts pushed through in 2013.
Pioneer and Santander to merge
truePioneer Investments and Santander Asset Management will merge to create a €353 billion ($381.6 billion) global money manager.
AMP Capital appoints head of distribution for U.K. and Europe
trueJohn Angell was named head of distribution for the U.K. and Europe at AMP Capital, said a spokeswoman for the firm.
New leaders chart expansion for RBC GAM
trueThe duo soon to be at the helm of global money manager Royal Bank of Canada Global Asset Management Inc. will draw further on past acquisitions as they look to increase the firm's footprint internationally — and in the U.S. in particular.
J.P. Morgan Asset Management adds client portfolio manager
trueGilles Drukier was appointed client portfolio manager for European fixed-income insurance solutions at J.P. Morgan Asset Management, a spokeswoman said.
IACPM: Credit default concerns increase in North America, improve in Europe
trueCredit portfolio managers are growing more optimistic about the credit outlook in Europe, while growing more pessimistic about the outlook in North America
Vanguard chooses institutional leader for Europe
trueRobyn Laidlaw was appointed head of institutional, Europe, at Vanguard, said a spokeswoman for the firm.
Blackstone and Wells Fargo acquire majority of GE Capital's real estate lending business
trueGeneral Electric Co. announced Friday it is selling the majority of its $26.5 billion real estate lending business to Blackstone Group and Wells Fargo as part of its decision to sell most of its lending business, GE Capital, over the next 24 months, a press release said.