French presidential candidate François Hollande, favourite to win presidency in France’s elections this April, has declared war on his “true enemy”: finance.
Deutsche Bank has unleashed a new campaign to tackle hidden bank fees in its Belgian advertising push.
High yield bonds are the most attractive asset class for Dutch group ING Investment Management (IM) which has concerns about the US and Chinese real estate markets.
2011 was a mixed year for Luxembourg with the number of funds registered rising 4.84% to 3,833, but assets under management falling €101bn to €2,059bn. Its fund association says regulation is the key deterrent to new investment.
French hedge fund group Bernheim, Dreyfus has entered a cooperation agreement with Malta-based third party marketing group Hyde Park Investment to raise $200m from institutional investors.
US asset management group Blackrock is to reorganise its Iberia team with Armando Senra, country head of Iberia, relocating to New York.
Hedge funds focusing on emerging markets have posted the strongest returns so far this year out of the 13 strategies tracked by the Edhec-Risk Alternative indexes.
A rise in income tax for 2012 and 2013 in Spain will leave holders of tax-compliant bonds unscathed while forcing non tax-compliant bond holders to withhold tax for the next two years.
President of the Eurogroup and prime minister of Luxembourg Jean-Claude Juncker (pictured) has stated the European Financial Stability Facility (EFSF) will meet its lending capacity target of €440bn.
Les gestionnaires sont optimistes et pensent qu'aucun pays ne devrait sortir de la zone euro cette année et qu'une union budgétaire sera instaurée d'ici les 10 prochaines années, selon une enquête menée par l'équipe Multigestion d'Aviva Investors.
Christian Schricke est nommé délégué général de l’ANSA (Association Nationale des Sociétés par Actions). Il remplace à ce poste Robert Baconnier qui exerçait ces fonctions depuis janvier 2005 et part à la retraite.
Le groupe Suisse Syz & Co a annoncé l’enregistrement en France de trois nouveaux compartiments de sa Sicav luxembourgeoise OYSTER afin de répondre à la demande croissante pour ces produits.
Markets lifted as it became clear S&P’s downgrade of France’s credit rating did not surprise investors, is not in line with Moody’s view and had little impact on the rates of French government bonds.
The marketing of certain exchange-traded funds (ETFs) is misleading and ETF securities and lending activities should be more transparent, a report published by French academic institute Edhec-Risk has found.
Managers agree the French downgrade was foreseeable but markets have been choppy since reopening. Many predict the downgrade will impact fixed income and equity valuations and the lending capacity of the EFSF.
La Francaise REM, Deutsche Hypo and Henderson Property have recently made plays in the French property market both in and beyond Paris, but managers are not convinced European real estate offers refuge.
The Aviva Investors Investment Solutions Global Commodity Plus fund has been launched in cooperation with Tiberius Asset Management, a commodity specialist based in Zug, Switzerland.
Natixis Asset Management a lancé ce fonds « minimum variance » pour rechercher de performance dans un environnement durablement volatile et particulièrement chahuté.
Nicolas Chaput has joined Paris-based Oddo Asset Management as chief executive and managing director from BNP Paribas Asset Management. His predecessor, Guido Mundt, is to develop business opportunities in German-speaking Europe.
Multi-specialist French asset management group La Française AM has signed a partnership agreement with a new boutique asset management company, Swell AM.
Europe may flirt with recession, but consumer spending remains high in certain parts of the retail market, says Jack Neele of Robeco’s Consumer Trends Equities fund.
Le groupe de gestion d’actifs multi spécialiste La Française AM a signé un partenariat avec la nouvelle société Swell AM qui a à sa tête Olivier Ramé, ex responsable des gestions alternatives de La Française des Placements.
The former Manchester United football player, part-time Hollywood actor and potential politician Eric Cantona has announced he is vying for the support of 500 elected officials in order to run in the French presidential election in April.
The hedge fund solutions team of BNP Paribas’ Theam is looking for confident, responsive hedge fund managers running liquid strategies.
French asset manager Bernheim, Dreyfus & Co expects merger and acquisition (M&A) activity to pick up in 2012 due to more available financing, cash-rich corporations and private equity firms deploying capital in stronger capital markets.
Antoine Rolland of NewAlpha Asset Management talks about how the firm changed its business model for new clients and picked up a number of innovative partnership deals along the way.
A potential breakup of the eurozone is a small but significant possibility with French group Amundi Asset Management predicting there is a 5% chance this “worst-case scenario” could become a reality.
France’s pledge to implement the financial transactions tax this year is political and could harm asset managers and investors, fund selectors, researchers and business leaders across Europe have said.
The head of Societe Generale Private Banking Daniel Truchi is reportedly set to leave the group following announcements that severe staff cuts are to take place at its corporate and investment banking unit.
Selon Ronald Doeswijk et Léon Cornelissen, stratégistes chez le groupe néerlandais Robeco, les actions émergentes et la dette émergente vont offrir des perspectives intéressantes aux investisseurs dans 2012. Ils sont moins optimistes sur l’immobilier...
French group Groupama Asset Management has been forced to radically adjust the long/short strategy of Groupama Alpha Euro Stock due to unsatisfactory performance in recent months.
Servane Pfister, responsable commercialisation et vie des acteurs et Adina Gurau-Audibert, responsable techniques de gestion chez l’Association Française de la Gestion financière (l’AFG), discutent les révisions de la directive Marché d’instruments financiers...
Many French investors are attempting to wash their hands of EU equities, but are not ready to commit to the only visible escape route: emerging markets. Others cling to the belief core European economies remain a safe bet for fixed income. Uncertainty...
Austrians are least pleased with their investment decisions in 2011, closely followed by Swiss investors, with both countries citing the eurozone debt crisis as the key reason for their melancholy.
OFI MultiSelect BRICA, fonds multigérants principalement investi dans des actions de la zone BRIC (Brésil, Russie, Inde, Chine) élargit son univers d’investissement avec un nouveau continent : l’Afrique.
The European Council has adopted a decision appointing Benoît Coeuré (France) to the executive board of the European Central Bank (ECB) for a term of eight years.
Syz & Co's new fund, Oyster Multi-Manager Tail & Trading, will combine a commodity trading advisor (CTA) strategy with active management to hedge against extreme risks known as tail events.
Fund selectors in France are hoping to up exposure to expert property and hedge fund managers in 2012 as disenchantment with domestic bonds and fixed income becomes apparent.
Fund selectors in Benelux are planning to increase allocations to foreign and domestic equities, as well as commodities, at the expense of real estate and cash/deposits exposure in 2012.
With economic conditions deteriorating in the eurozone, Q4 2011 will probably reveal a recession engulfing the entire region, enhancing the allure of US and Japanese markets, argues Societe Generale Private Banking economists.
Vincent Lecomte and Sofia Merlo (pictured) have been appointed co-heads of BNP Paribas’ global wealth management business as part the changes in management announced by the group’s chief executive Jean-Laurent Bonnafé on December 1.
Vincent Cornet (illustré) rejoint La Banque Postale Asset Management en tant que directeur de la gestion, à compter du 16 janvier 2012.
The asset management arm of Dexia Group, Dexia Banque Internationale Luxembourg (DBIL), has been downgraded by Moody’s due to uncertainty about its potential buyers and the future of Dexia Credit Local.
The Lyxor Global Hedge Fund index was down 0.44% in November bringing year to date performance to a negative 6.26%, further denting the image of ‘absolute return’ hedge fund vehicles.
Institutional investors, anticipating low growth and low inflation in 2012, are repositioning portfolios to benefit from better growth momentum in the US and emerging markets than in the eurozone.
Les prix à la consommation, l’indice total comme le sous-jacent, ont progressé de 0,3% sur le mois de novembre. Ces augmentations sont plus importantes que celles prévues, explique Hélène Baudchon, économiste chez BNP Paribas.
Morgan Stanley has launched a long/short equity market neutral fund under its Irish Ucits umbrella, FundLogic Alternatives, to be managed by Brazilian asset manager Claritas Administração de Recursos.
Herman Van Rompuy, president of the European Council, defends the decisions made by the majority of euro area leaders at the December 9 summit, while acknowledging the negotiation of an intergovernmental treaty to make the fiscal compact binding “will...