Primonial Group to Purchase the Remaining Part of La Financiere de l’Echiquier
Paris-based Primonial Group (Groupe Primonial SAS) plans to fully takeover in European money management firm La Financiere de l’Echiquier (LFDE) to 100%. Primonial Group had owned a 40% stake in LFDE....
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Landscape of Pension Funds in GCC region
This content is by Marmore Mena Intelligence. The primary objective of a pension system is to ensure that the elderly have a decent standard of living post retirement. However, the different...
View ArticlePublic Investment Corporation Suspends Two Employees over AYO Technology...
South Africa’s Public Investment Corporation (PIC) suspended Fidelis Madavo, head of listed investments. The reason for the suspension is due to a probe into PIC’s controversial investment in AYO...
View ArticleInvestment Committee Supports CalPERS Concept of External Entities for...
The investment committee (10 in favor and 3 against) of the California Public Employees Retirement System (CalPERS) approved the concept of creating external entities to oversee the pension investor’s...
View ArticleCassa Depositi e Prestiti Guides Companies to Find Opportunities in Naples...
The Cassa Depositi e Prestiti Group (CDP) and its investee companies, which include Fincantieri, Italgas, Snam, and Terna, have reached an agreement with the Municipality of Naples and the Authority of...
View ArticleAP1 Selects Approved Managers for Emerging Market Equities Mandate
Sweden’s AP1 chose 14 external fund managers for its 45.3 billion SEK allocation to emerging market equities. These are approved managers for AP1, but not all of them will manage money for this...
View ArticleCDPQ Supports Domestic AI Fund
Institutional investor Caisse de dépôt et placement du Québec (CDPQ), which works primarily on behalf of pension funds and insurance plans, is opening a new fund dedicated to Québec businesses that...
View ArticleStorebrand Generates Steady Returns for 2017 and 2018
Norway’s largest private asset manager, Storebrand, had a 13.7% return on equity in 2018. Storebrand now has total assets under management of US$ 82.6 billion. The staggering results topped 2017’s...
View ArticleChinese Stock Picker Raises $10 Billion in Half a Day
Chen Guangming, a former star portfolio manager at Orient Securities Asset Management Company Limited, started Shanghai-based Foresight Fund. Despite the Chinese stock market crash of 2015 still being...
View ArticleOppenheimerFunds to Lose 850 Jobs in Mile High City
Invesco Management Company, upcoming owner of OppenheimerFunds, is reducing Oppenheimer’s Denver office by a jaw-dropping 850 employees. The employees losing their jobs represents 85% of the staff in...
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