Europe
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BlackRock to acquire real estate manager MGPA
BlackRock announced Tuesday an agreement to acquire MGPA, a London-based private equity real estate investment manager.
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Gottex, Astmax to offer absolute-return strategies to Japanese institutional investors
Gottex Fund Management and Tokyo-based Astmax Asset Management announced Thursday an agreement to work together to provide institutional investors in Japan with absolute-return-focused investment strategies, including hedge funds and multiasset approaches.
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UBS Global reports asset increase of 3.1% in quarter to $644 billion
UBS Global Asset Management reported 599 billion Swiss francs ($644 billion) in assets under management as of March 31, up 3.1% from the previous quarter and up 7.2% from the previous year.
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NYSTRS chooses CVC for European buyouts
New York State Teachers' Retirement System, Albany committed up to €200 million ($260 million) to CVC Capital Partners VI subject to completion of due diligence.
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Norway's Government Pension Fund Global grows by $37 billion in first quarterNorway's Government Pension Fund Global, Oslo, gained 219 billion kroner ($37 billion) in the first quarter as stocks surged amid unprecedented stimulus from central banks to boost economic growth.
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ABP settles with Goldman Sachs over residential mortgage-backed securities
Stichting Pensioenfonds ABP, Heerlen, Netherlands announced Friday it has settled claims against Goldman Sachs & Co. concerning residential mortgage-backed securities purchased from 2005 to 2007.
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FRR issues calls for active European small-cap, French smidcap managers
Fonds de Reserve pour les Retraites, Paris, issued RFPs for managers to run a €500 million ($655 million) active European small-cap equities portfolio and a €300 million active French smidcap equities strategy.
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Eastspring Investments announces distribution push in Europe, U.K.
Eastspring Investments, the Asia money management arm of Prudential PLC, established a business in Luxembourg to distribute the firm’s Asia-focused investment strategies to institutional and retail investors in the U.K. and Europe, according to an Eastspring news release Wednesday.
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Solvency II directive has European DB plans seeing redOpposition is intensifying against a European Commission proposal to apply to defined benefit funds Solvency II, a set of regulations originally targeting insurance companies, as the initiative moved a step closer to becoming reality.
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U.K. chorus grows in outcry against European pension regulations
U.K. government authorities, industry organizations and consultants publicly criticized a European Commission proposal to subject pension funds to stricter regulations currently being applied to insurance companies.
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ERAFP seeks managers for U.S., French equities
Etablissement de Retraite Additionnelle de la Fonction Publique, Paris, is searching for managers to run U.S. and French equity strategies.
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PGGM taps J.P. Morgan Chase to be 3rd custodian
PGGM, the Dutch fiduciary manager with about €133 billion ($173 billion) in assets, appointed J.P. Morgan Chase as global custodian.
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Dutch pension assets top €1 trillion in 2012
Dutch pension fund assets increased 15.4% in 2012 to surpass €1 trillion for the first time, according to data released by the Dutch central bank.
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ERAFP looks to Amundi for multiasset investment
Etablissement de Retraite Additionnelle de la Fonction Publique, Paris, hired Amundi to run a multiasset fund-of-funds portfolio of up to €300 million ($385 million).
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BlackRock picks new EMEA chief
David Blumer was named senior managing director and head of EMEA at BlackRock.
