The European Securities and Markets Authority (ESMA) has issued a report on its first examinations of credit rating agencies (CRAs), concluding internal processes at Fitch, Moody’s and S&P are “not sufficiently recorded.”
Didier Saint-Georges (pictured), member of Carmignac Gestion’s Investment Committee, says Italy, Spain and Greece should not be treated as severely as Greece, and the current austerity measures across Europe will lead to a lengthy recession.
Christophe de Backer, Edmond de Rothschild Private Bank’s newly appointed executive committee chairman, has been appointed director and general manager of Compagnie Financière Saint-Honoré, the French holding company of Edmond de Rothschild Group.
Lombard Odier has entered the Australian private banking market through a partnership with local private wealth management company, JBWere.
According to Fitch, small-sized Spanish banks are likely to face downward rating pressure in 2012 as the potential for losses grows, prompting them to merge.
Real estate advisor Savills has appointed Annabelle Joyaux to its valuation team in France as director where she will be responsible for the development of a range of valuation and analysis products.
Moody's Investors Service has maintained a stable outlook on asset managers, money market funds and closed-end funds in 2012 but the rating agency has changed its outlook on bond funds to negative.
Emerging markets hedge funds outperformed every other hedge fund strategy in February bringing year to date performance to 7.4%, the strongest returns posted by any of the 13 strategies tracked by Edhec Risk-Alternative Indexes.
German institutional investors Union Investment and Deka Immobilen have bought into the Amsterdam hotel market, amid growing interest in the sector.
Societe Generale Private Banking’s Dialogue & Asset Allocation method has been certified by French financial advisory company Associés en Finance.
Monica Mächler will step down as vice-chair of the Swiss Financial Market Supervisory Authority (FINMA) board of directors at the end of September 2012 to pursue “new challenges”.
The spotlight is on Chile in the latest of InvestmentEurope’s LatAm series. Alan Nesbit, Latin America specialist at First State Investments, explains why consumer growth is more important to investing in Chile than its booming copper mines.
Middle Eastern investors are increasingly looking to make fund of hedge fund investments, according to Francisco Arcilla, head of funds of hedge funds at French group Axa Investment Managers.
Le groupe de gestion d’actifs multi spécialiste La Française AM a pris une participation à hauteur de 25% dans le capital de Flornoy & Associés Gestion, une société de gestion de portefeuille indépendante.
Societe Generale Private Banking has appointed Nicolas Nicolau as head of commercial and marketing and a member of the private bank’s Executive Committee.
French asset manager Mandarine Gestion outperformed its index, CAC All Tradable, in February by going overweight the industrial, automotive and technology sectors and underweight energy, financials and consumer goods.
The UCITS Alternative Index (UAI) Blue Chip index is up 3.1% so far since the start of 2012. This marks the strongest start to a year since the Blue Chip index began measuring Ucits performance in 2008.
Brokerage and clearing company Newedge has developed its clearing facilities for interest rate swaps (IRS), in partnership with Societe Generale Corporate & Investment Bank and Crédit Agricole Corporate and Investment Bank.
Zug-based alternative investment group Insch Capital Management has launched the Black Gold Fund, a hybrid investment tool to provide secured income investment derived from oil revenues.
There is no causal link between credit default swaps (CDS) and sovereign debt prices, new research published by the French EDHEC-Risk Research Institute indicates.
The creation of the long-anticipated French national seeding fund, Emergence, was first announced last July by the French asset management association (AFG) but it has taken months to bring the project to fruition.
Wealth management in Latin America is experiencing turf wars on an international scale between asset managers, private banks and family offices hoping to win over the rising number of affluent clients.
Lesser-known rating agencies in markets such as Brazil, China and Germany are planning their challenges to S&P, Moody's and Fitch as new regulations take hold.
BNP Paribas Securities Services anticipates a burst of new business in Mongolia as asset managers attempt to tap into its commodities growth story.
Societe Generale is launching a new service, Private Investment Banking, aimed at ultra high net worth entrepreneurs with a holding company or a family office.
Geneva-based Semper Gestion has recruited a new chief investment officer and partner, Jean‐Evrard Dominicé, to expand the company’s range of investment products and lead the opening of a new office in London.
Swiss private bank Mirabaud has reinforced its commitment to the Spanish market by appointing Javier Colás as capital markets director, Spain.
Amundi Real Estate has acquired a stake in 5 Canada Square, Canary Wharf, London, representing the first acquisition in Europe for Amundi‘s retail real estate collective investment scheme (OPCI).
Societe Generale has appointed Jean-François Mazaud as head of Societe Generale Private Banking to replace Daniel Truchi, as well as a new deputy head of the private bank.
French asset managers PIM Gestion France and IT Asset Management (ITAM) are to unite, forming a new entity with €750m ($1bn) invested in international equities.
Boston-based Loomis Sayles, a Natixis Global Asset Management subsidiary, has set up new offices in London to reinforce its client base in Europe and have real time access to European markets.
Australian asset manager First State Investments is to open a German office, most likely in Frankfurt, as part of the group’s European growth strategy in 2012.
European Union heads of state or government unanimously re-elected Herman Van Rompuy as president of the European Council for a second term of two and a half years from June 2012 to November 2014.
Several emerging markets funds have soft closed recently to stem investment pouring into the strategies and provoking "capacity" issues.
Marcus Lemli has returned to international real estate advisor Savills as head of investment for its European operation following a six year stint in Germany with Jones Lang LaSalle.
Several French asset management companies, including the long-awaited Verrazano Capital, have become the newest members of France’s Association Francaise de la Gestion Financiere (AFG).
France saw substantial asset declines in equity and money market funds last year pinning it to the bottom of the rankings (33rd) for the second year running in Lipper’s review of European asset growth by market.
French group Lyxor Asset Management has added the IKOS Futures Strategy Index to its alternatives Ucits platform, Lyxor Dimension, to meet investor demand for CTA strategies providing diversified returns.
The Next Estate Income Fund, supported by BNP Paribas Real Estate, has made a €45m investment in Germany with the purchase of a 16,000 sqm office building in Hamburg.
Small to medium firms (SMEs) will drive the Ile-de-France office rental market in 2012 as they continue to rationalise costs and spur demand for Parisian office space, a Savills report has concluded.
Des investisseurs institutionnels mondiaux confirme la poursuite de la diversification des portefeuilles et révèle une tendance en direction des gestions sur indices efficients, selon la nouvelle enquête de bfinance.
Les perspectives pour les actions des marchés émergents s’éclaircissent grâce aux très bonnes prévisions de croissance, à un profil de risque en amélioration et aux valorisations attractives, selon Wim-Hein Pals, responsable de la gestion actions des...
UK-based asset manager Schroders has launched ISF European Total Return, one of the latest vehicles set up to tap into potentially lucrative European equity markets.
Groupama Asset Managment has "not abandoned" long/short hedge fund strategies although it has shifted towards equity market neutral, said Henri Chabadel, the firm's head of Sigma Fund Management.
Global macro hedge funds are attracting investors and fund selectors alike as expectations grow for the strategy's performance in 2012.
Le nouveau produit est un fonds éligible à l’assurance-vie, une alternative aux fonds en euros et essentiellement investi en instruments de taux.
The credit rating agencies’ failure to assign accurate ratings to mortgage securities inundating the US sub-prime market in 2008 is old news. What is new is the rising concern about their monopoly of the ratings market and their ever evolving business...
The new fund’s performance objective is to provide a yield superior to the BTAN 2.25% February 25 2016, which has so far yielded 1.7%.