UK fund firm Jupiter eyes Europe, rich clients
LONDON, Aug 19 (Reuters) – Fund manager Jupiter put
a brave face on the financial market turmoil that has rattled
its core British customers, saying it was pushing ahead with
plans to expand in Europe and attract more wealthy clients.
Jupiter, one of the UK’s largest retail investment fund
managers with around 84 percent of assets invested in equities,
said on Friday that first-half net inflows to its funds fell to
676 million pounds ($1.1 million) from 814 million a year
earlier.
Henderson warns of subdued retail investor market
LONDON, Aug 17 (Reuters) – Anglo-Australian fund manager
Henderson is bracing for further volatility in global
stock markets and the challenge of keeping cash flowing in as
retail investors fight shy of investments for a few months.
Chief Executive Andrew Formica said the dramatic stock falls
seen in recent weeks had spooked investors, and its effects
would not be forgotten in a hurry.
Big-name Europe equity funds hit hard in August rout
LONDON (Reuters) – The 10 largest European equity funds shed an aggregated 7 percent of their assets in the first two weeks of August as panic about the future of the euro zone rocked markets, leaving many scrambling to persuade clients not to redeem their stakes.
The 10 biggest European equity funds, running an indicative 23.1 billion euros ($33.3billion) in assets at end-July, had lost a total of 1.6 billion euros by August 12, Lipper data showed, reflecting a loss of confidence in the health of the region’s banks and the ability of policymakers to heal them.
Fund managers flee euro zone financials
LONDON, Aug 11 (Reuters) – Long-only fund managers are
pulling their money out of euro zone banks and sovereigns,
worried the region’s monetary union has neither the political
cohesion nor financial firepower to prevent a re-run of the 2008
credit crunch.
Even without a formal fiscal union in place, investors say
they are starting to see all euro zone states as financially
accountable for one another’s solvency, sparking a stampede to
economies with greater freedom to plot their way out of the
crisis, like Switzerland, Britain, the United States and
Scandinavia.
Funds run for cover from perfect storm
LONDON (Reuters) – Investors are hoarding gold and cash as a perfect storm brews in global equities and credit markets.
Volatile equity markets coupled with the growing risk of sovereign bond default are sparking a rush to defensive assets, fund managers and investment strategists said, with little sign of sanctuary seen in any major global economy.
Contagion risk fears spur Italian bonds rethink
LONDON (Reuters) – Euro zone bond funds are pointing the finger at speculators for kickstarting a shock sell-off in Italian government debt that they may well be forced to join if spreads continue to widen at such an alarming pace.
Fund firms running more than 1 trillion euros in fixed income assets are wrestling with fears for the security of their exposure to Italian sovereign bonds amid fears Europe’s third largest economy could succumb to contagion from the debt woes of Greece, Portugal and Ireland.
Charlemagne Capital books net outflows, assets fall
LONDON, July 7 (Reuters) – Emerging market equity specialist
Charlemagne posted a 5.5 percent fall in assets under
management in the January-June period, as investor appetite for
its core offering was dented by sharp stock market swings.
Charlemagne, which manages mutual funds as well as hedge
funds investing in Africa, Asia and Latin America, booked net
outflows of $94 million from its investments range, following
withdrawals from its mutual funds, institutional mandates and
advisory ranges.
BlackRock eyes European, global property
LONDON (Reuters) – BlackRock (BLK.N: Quote, Profile, Research), the world’s largest fund manager, is planning two new funds investing in pan-European and global real estate in the next 3-5 years after recruiting a new property head, a senior executive told Reuters.
James Charrington, BlackRock’s chairman for the EMEA region, told Reuters in an interview the company was planning to invest in buying buildings when the time came for expansion.
BlackRock eyes European, global property funds
LONDON (Reuters) – BlackRock (BLK.N: Quote, Profile, Research), the world’s largest fund manager, is planning two new funds investing in pan-European and global real estate in the next 3-5 years after recruiting a new property head, a senior executive told Reuters.
James Charrington, BlackRock’s chairman for the EMEA region, told Reuters in an interview the company was planning to invest in buying buildings when the time came for expansion.
Morning Line-Up: short sellers, China small caps, LSE/Nasdaq, hedge funds salary
News and views on the asset management industry from Reuters and elsewhere:
Chinese stock shortsellers eye Hong Kong- Reuters
Chinese small caps hit funds H1 performance – Reuters
LSE open to Nasdaq merger – FT
Hong Kong hedge funds, banks up salaries to avert exodus- South China Morning Post

