Investment Management, Islamic Finance Correspondent
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Mar 24, 2010

Ignis plans fund launches for Europe expansion-CEO

LONDON, March 24 (Reuters) – Ignis Asset Management, part of
insurer Pearl [PEARL.UL], plans to target the European
institutional market with a range of fixed income and equity
products and may eventually expand into South America, its chief
executive said.

Christopher Samuel told Reuters the fund group, which is
currently UK-focussed, is preparing the launch of the funds as
part of plans to expand the business into continental Europe.

Mar 23, 2010

Fund firm Martin Currie eyes new hires-CEO

LONDON, March 23 (Reuters) – Fund management firm Martin
Currieis set to announce new hires as it seeks to bolster its
investment teams to lure investors back to equity, chief
executive Willie Watt said on Tuesday.

“We feel that now is a very good time to recruit and we are
now in talks with a number of senior people in the industry,”
Watt told Reuters on the sidelines of the Future of Fund
Management Conference in London.

Mar 18, 2010

First Islamic exchange to launch in London in May

LONDON, March 17 (Reuters) – The first electronic trading
platform allowing sharia-compliant companies to raise cash will
launch in London in May, the venture capital firm behind the
project told Reuters on Thursday.

The Sharia Ummah Securities Information Exchange (UMEX) is
designed to provide a platform to companies with a capital value
of at least 20 million pounds ($31 million) and looking to raise
the equivalent of at least 20 percent of their market value.

Mar 10, 2010

UK pension agency ups alternative assets

LONDON, March 10 (Reuters) – The UK agency which steps in to
pay pensions when a firm goes bust has earmarked up to a quarter
of assets to alternatives like hedge fund-style products and
private equity as it seeks to boost diversification and returns.

The Pension Protection Fund (PPF) said on Wednesday it would
halve its equities exposure as it builds a strategic allocation
of 20 percent to the new asset classes. That allocation could go
as high as 25 percent at times of greatest opportunity, it said.

Mar 3, 2010

UK unions should call for Dutch pension model-study

LONDON, March 3 (Reuters) – British trade unions should call
for employers to pull together their pension funds on the lines
of the Dutch model in a move that could boost pensions by at
least 50 percent at no extra cost, a leading fund manager said.

Trade unions have so far focused on staving off the
increasing shift from generous defined benefit (DB) pensions to
cheaper defined contribution (DC), but have overlooked
collectivisation of DC schemes, said David Pitt-Watson,
executive chairman of Hermes Focus Asset Management, which is
part of the fund firm owned by the BT <BT.L> pension scheme.

    • About Cecilia

      "In my professional capacity I canvass fund managers, consultants and pension schemes on investments issues and write analytical pieces on investment trends. I also consult investors on M&A matters. My brief includes Islamic finance, especially sukuk issuance and Islam-compliant asset management themes. I joined Reuters News in September 2008 from Thomson Financial News, where I was European pension correspondent."
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