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GE Capital to sell European private equity financing business to Sumitomo Mitsui
trueGE Capital is selling its European sponsor finance business to Sumitomo Mitsui Banking Corp. Europe, a subsidiary of Sumitomo Mitsui Banking, for $2.2 billion.
New Mexico council earmarks $300 million to 3 funds
trueNew Mexico State Investment Council, Santa Fe, committed $300 million to three alternative investment funds at its meeting Tuesday, said Charles Wollmann, spokesman for the $20.5 billion endowment.
Berenberg names new CIO to take over Jan. 1
trueManfred Schlumberger was appointed chief investment officer at Berenberg.
Long-term investment plans for Europe should take pension funds into account — paper
truePolicymakers working on a new initiative to promote long-term investment and growth in Europe must take into account the characteristics of pension funds if they are to encourage greater participation in the region from investors, says PensionsEurope, which represents European retirement plans’ ...
Ohio School Employees invests in European bank hedge fund strategy
trueOhio School Employees Retirement System made a direct hedge fund investment of $25 million in Oceanwood Peripheral European Select Opportunities Fund, a European bank multistrategy fund managed by Oceanwood Capital Management.
Quebec's Caisse, APG Asset Management invest in China real estate developer
trueA unit of the Caisse de Depot et Placement du Quebec and the money manager for Stichting Pensioenfonds ABP raised a combined $920 million to invest in Chinese retail real estate developer Chongbang Group.
Sweden to consolidate AP buffer funds; AP6 to be merged into AP2
trueThe Swedish Ministry of Finance announced Wednesday it plans to eliminate two of its state pension funds, merging their assets with the remaining thre.
Societe Generale signals exit from Amundi in fund manager IPO
trueSociete Generale might sell its entire stake in Amundi, the money management operation it set up with Credit Agricole five years ago, as Europe's banks come under pressure to bolster capital.
Money manager industry supports shift to activities, product review over SIFI designations
trueAn International Organization of Securities Commissions decision that a review of asset management activities and products should take precedence over further work on systemically important designation for money managers has been welcomed by the industry.
Fitch: European managers more reliant on lower-fee institutional allocations
trueMoney managers operating in Europe might be forced to cut costs to sustain profitability, as they become increasing reliant on institutional hires rather than higher-fee-commanding mutual fund allocations, Fitch Ratings said.
Firms alter bond portfolios as liquidity concerns mount
trueLack of liquidity in the global bond markets has pushed money managers to alter the composition of portfolios, as concerns mount over an impending crunch in the fixed-income market.
EU prepares for worst as prime minister drives Greece to the brink
trueEuropean officials are preparing for the worst as Prime Minister Alexis Tsipras' brinkmanship pushes Greece's finances to the limit.
Pictet Asset Management hires business development manager for U.K. and Ireland
trueIan Burton joined Pictet Asset Management as senior manager, business development, U.K. and Ireland, said Roger Price-Haworth, head of institutional U.K. and Ireland.
European pension funds get additional 2-year reprieve on clearing regulation
trueEuropean Pension funds have been granted an additional two-year exemption from a requirement to centrally clear certain derivatives trades.
Norges Bank expands New York office space
trueNorges Bank has been expanding its portfolio of real estate in the city during the past few years, buying stakes in major office towers such as 11 Times Square and 601 Lexington Ave.