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trueSandro Pierri will leave Pioneer Investments as CEO next year.
OECD warns European Central bank needs stronger policies to avoid stagnation
trueThe European Central Bank must implement stronger policies if it is to avoid a prolonged period of stagnation, and to prevent unintended effects to other economies, warned the Organization for Economic Co-operation and Development.
Alcentra closes European direct lending fund at just over $1 billion
trueAlcentra Group’s European Direct Lending Fund held a final close of €850 million ($1.06 billion).
EU threat of soft-dollar ban still alive, raising questions for managers
trueThe possibility of European regulations banning the use of soft dollars for third-party research is alive and well, despite talk in the U.K. and Europe that regulators would settle for something that falls short of a ban.
Dutch manager MN to cut 200 jobs as part of 4-year 'efficiency' program
trueDutch money manager MN has launched a four-year cost-cutting and efficiency program in the Netherlands that will include the loss of more than 200 full-time jobs, said a spokeswoman for the firm.
Mercer acquires Swiss private markets manager/consultant
trueMercer will acquire Swiss private markets manager and consultant SCM Strategic Capital Management, strengthening its alternative investment capabilities.
Amundi appoints deputy CEO for alternatives business
trueMichael Hart joined Amundi’s alternative investment unit as deputy CEO and global head of business development, a spokeswoman said.
U.S. real estate still attractive to foreign institutional investors
trueForeign capital is flooding into U.S. real estate despite lower return expectations.
Eurozone shows modest growth in quarter
trueThe eurozone economy grew 0.2% in the three months ended Sept. 30, with diverse contributions across member states as fiscal and structural reforms move at different rates.
Danish pension fund goes with 5 managers for fixed income
trueLonmodtagernes Dyrtidsfond, Frederiksberg, Denmark, hired five managers to run more than 20 billion Danish kroner ($3.35 billion) in fixed income.
Regulators levy $4.4 billion in fines on banks for forex manipulation
trueCitibank, HSBC, J.P. Morgan Chase, Royal Bank of Scotland and UBS received a combined $3.4 billion in penalties from U.S., U.K. and Swiss regulators for manipulating foreign exchange benchmark rates to benefit certain traders from 2008 to 2013.
Finnish pension fund picks Pantheon for €100 million commitment
trueValtion Elakerahasto hired Pantheon to run a €100 million ($124.8 million) commitment to emerging markets private equity.
Munro shaking up Aviva Investors
trueEuan Munro, CEO at Aviva Investors, has made big changes not only to investment processes, but also to personnel, in his quest to bring the money manager to the forefront of institutional decision-makers' minds.
NAPF CEO: Take the politics out of retirement savings
truePoliticians across Europe should move to take the politics out of retirement savings, and look instead at the bigger picture of problems with a lack of retirement savings, said Joanne Segars, CEO at the U.K.’s National Association of Pension Funds.
Deutsche Bank appoints head of custody and clearing
trueElizabeth Nolan was named head of custody and clearing at Deutsche Bank's institutional cash and securities services unit, the bank's European custody business.