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Global, diversified managers in best position moving forward — report
trueImprovements in technology and regulatory reform have made geographical constraints even less of an issue in terms of capital management, resulting in the asset management industry becoming more global, a recent report by Goldman Sachs said.
UBS Global names U.S. senior asset allocation strategist from Mesirow
trueNathan Shetty was named U.S. senior asset allocation strategist at UBS Global Asset Management, an internal memo to employees obtained by Pensions & Investments said.
GARP managers hold firm on EAFE portfolios despite losses
trueSome global growth-at-a-reasonable price money managers are coping with client losses stemming from underperforming Europe, Australasia and Far East strategies.
UBS hires global chief for development
trueKevin Lecocq was appointed global head of products at UBS Global Asset Management, a spokesman said.
BlackRock appoints head of multiasset strategies for Asia Pacific
trueEdward Bang joined BlackRock on Tuesday as head of multiasset strategies Asia Pacific. Also, Andrew Landman, Sydney-based head of institutional client businesses, has taken on the added role of head of the firm's alternatives investment strategy group for the Asia-Pacific region.
Old Mutual Global Investors adds fund manager
trueIan Ormiston joined Old Mutual Global Investors as a fund manager in the U.K. and European equities team, a spokeswoman said.
Investors lack understanding of factor exposures — report
trueMany institutional investors lack a clear understanding of the factor exposures across their equity portfolios, a new report says.
Nevada PERS looking to SSgA for passive international equities
trueNevada Public Employees' Retirement System, Carson City, will interview State Street Global Advisors in October, potentially to run about $1.5 billion in passive international equities.
Pensions Trust taps Ownership Capital for global equity
trueThe Pensions Trust, Leeds, England, hired Ownership Capital to run £130 million ($211 million) in active global equities.
S&P: 60% of U.S., 75% of international active equity mutual funds fail to outperform benchmarks for year
trueData released by S&P Dow Jones Indices on Monday showed 60.2% of U.S. domestic equity mutual funds failed to outperform their benchmark for the year ended June 30. The number jumps even higher over longer time periods, with 85.9% and 73.6% of domestic funds trailing their benchmarks over three- and ...
Northern Trust selects global head of institutional distribution
trueJohn Krieg was named global head of institutional distribution at Northern Trust Asset Management.
Frontier markets equities continue to outpace in 2014
trueFrontier markets equities have extended their gains over developed and emerging markets in 2014. Through Aug. 19, frontier markets returned 21.5% -- more than three times that of developed markets, as measured by the MSCI ACWI index. The MSCI Emerging Markets index was up 10.3%.
Norges Bank Investment Management restructures investment departments
trueNorges Bank Investment Management has restructured its investment departments in line with a new strategy plan for Norway’s Government Pension Fund Global, Oslo, a spokesman said.
RWC adds institutional salesman
trueRash Patel joined RWC Partners with responsibility for direct sales to institutional investors in the U.K. and other markets, said Dan Mannix, CEO at the firm.
PIMCO expands global equities team
trueIain McNaught and Simon Peters were named senior vice presidents at Pacific Investment Management Co., in London, spokesman Michael Reid said.