Senior Funds Correspondent
Raji's Feed
Jul 24, 2012

Pension funds press government over infrastructure cap

LONDON (Reuters) – Britain’s local government pension schemes want more freedom to mobilise their billions of pounds of assets to spend on roads, power stations and other infrastructure, arguing such a move would chime with central government efforts to boost investment.

The UK has been pushing private sector pension funds to invest more in infrastructure as part of efforts to boost growth, but regulations limit what the 99 local government pension funds – with total assets of 143 billion pounds – can do with their money.

Jul 24, 2012

Pension funds press UK govt over infrastructure cap

LONDON, July 24 (Reuters) – Britain’s local government
pension schemes want more freedom to mobilise their billions of
pounds of assets to spend on roads, power stations and other
infrastructure, arguing such a move would chime with central
government efforts to boost investment.

The UK has been pushing private sector pension funds to
invest more in infrastructure as part of efforts to boost
growth, but regulations limit what the 99 local government
pension funds – with total assets of 143 billion pounds – can do
with their money.

Jul 11, 2012

Investors fear rushed decision over Barclays top roles

LONDON, July 11 (Reuters) – Top Barclays Plc
shareholders fear regulators will rush through the appointment
of a new head at the scandal-struck bank, and not take the time
to search for an outsider to bring about a root-and-branch
culture change.

The bank has started sounding larger out shareholders, who
have urged it to look for external candidates to fill the two
top jobs at the bank.

Jul 11, 2012

Investors fear rushed decision over Barclays top roles

LONDON, July 11 (Reuters) – Top Barclays Plc
shareholders fear regulators will rush through the appointment
of a new head at the scandal-struck bank, and not take the time
to search for an outsider to bring about a root-and-branch
culture change.

The bank has started sounding larger out shareholders, who
have urged it to look for external candidates to fill the two
top jobs at the bank.

Jan 10, 2011

Policy fears hurt Turkey and China funds in Dec

LONDON, Jan 10 (Reuters) – Moves by policymakers to curb the
flow of hot money into emerging markets have spooked investors
and sent Turkish and Chinese equities funds to the bottom of the
performance league during December, Lipper data showed.

Equity funds focused on Turkey suffered the most marked hits
to performance during December, accounting for four out of the
bottom five funds registered for sale in Britain.

Dec 3, 2010

Gartmore investors urge quick sale of firm

LONDON, Dec 3 (Reuters) – Institutional shareholders in
Gartmore (GRTR.L: Quote, Profile, Research) have urged the troubled asset manager to look
for a buyer quickly because they are worried about heavy
outflows in the wake of the resignation of a star fund manager.

Last month, Gartmore, which had about 21 billion pounds
($32.80 billion) of assets at end-Sept, said it had appointed
Goldman Sachs (GS.N: Quote, Profile, Research) to conduct a strategic review in response
to the departure of fund manager Roger Guy, which triggered a
sell-off in its shares.[ID:nLDE6A70K3]

Dec 3, 2010

Gartmore investors urge quick sale of firm

LONDON, Dec 3 (Reuters) – Institutional shareholders in
Gartmore (GRTR.L: Quote, Profile, Research) have urged the troubled asset manager to look
for a buyer quickly because they are worried about heavy
outflows in the wake of the resignation of a star fund manager.

Last month, Gartmore, which had about 21 billion pounds
($32.80 billion) of assets at end-Sept, said it had appointed
Goldman Sachs (GS.N: Quote, Profile, Research) to conduct a strategic review in response
to the departure of fund manager Roger Guy, which triggered a
sell-off in its shares.[ID:nLDE6A70K3]

Dec 3, 2010

Gartmore investors urge quick sale of firm

LONDON, Dec 3 (Reuters) – Institutional shareholders in
Gartmore (GRTR.L: Quote, Profile, Research, Stock Buzz) have urged the troubled asset manager to look
for a buyer quickly because they are worried about heavy
outflows in the wake of the resignation of a star fund manager.

Last month, Gartmore, which had about 21 billion pounds
($32.80 billion) of assets at end-Sept, said it had appointed
Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) to conduct a strategic review in response
to the departure of fund manager Roger Guy, which triggered a
sell-off in its shares.[ID:nLDE6A70K3]

Dec 1, 2010

UK Pru’s Asia plan strengthens CEO’s grip on power

LONDON, Dec 1 (Reuters) – The boss of Britain’s biggest
insurer Prudential Plc (PRU.L: Quote, Profile, Research, Stock Buzz) outlined a plan to double Asian
new business profits, a move seen as bolstering his grip on the
top job after a bungled takeover in the high-growth region.

Prudential, facing shareholder pressure after the failed
multi-billion-dollar attempt to buy AIA (1299.HK: Quote, Profile, Research, Stock Buzz) this year,
also said on Wednesday, it would target a doubling of last
year’s life insurance and asset management pre-tax profits by
2013.

Nov 17, 2010

Gartmore may lose big chunk of Roger Guy AUM

LONDON (Reuters) – Crisis-hit funds firm Gartmore is preparing to lose a large chunk of the 3.5 billion pounds of assets managed by fund manager Roger Guy, a senior company source said on Wednesday.

“We expect a significant portion of these assets to be redeemed. Most of these assets are hedge fund assets and are therefore quite personal to the fund manager,” the source said.