Pimco clients pull USD 29bn as rate hikes hit bond funds
Bond giant Pacific Investment Management Co. saw outside clients pull money for a second straight quarter amid a global bond selloff.
AMWatch
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Bond giant Pacific Investment Management Co. saw outside clients pull money for a second straight quarter amid a global bond selloff.
While the mutual fund market in Finland saw total net outflows of several billion euros in the first half of 2022, S-Bank’s mutual funds managed to attract new capital.
Real estate investment fund manager Koncenton has misled investors by leading them to expect returns of 17-18%, the Danish FSA has concluded, issuing three injunctions. Koncenton claims the marketing material is correct. (Updated)
The family behind pharmaceutical firm Orifarm had a profit of just under DKK 40m (EUR 5.4m) from its family office, Habico Invest, in 2021. Private equity and alternative investments brought the result up.
Inflows balanced out some H1 losses for Mandatum Asset Management, and a noteworthy real estate sale in July suggests investors are not scared of making large transactions in Finland despite the current geopolitical situation, says CEO Lauri Vaittinen.
A company founder has sold his fund management firm after 15 years.
Summer series: Stefan Laszlo, executive director of Nordic institutional clients at Robeco, believes a recently launched strategy will dominate discussions with his investors throughout the second half of 2022.
When markets are turbulent, the managers at Skagen Fondene try to stay calm. CIO Alexandra Morris thinks this leads to good opportunities in the future.
Oslo-based Norselab has hired two credit specialists from Alfred Berg and DNB Markets to design the blueprint for a series of credit funds. The first vehicle will focus on high yield and direct lending.
The Swedish manager recently poached a team from Handelsbanken Fonder with the aim of launching a brand new Article 9 fund after the summer. Coeli’s CEO Lukas Lindkvist and CIO Erik Lundkvist tell AMWatch more about the fund and its investment focus.
Nasdaq has evaluated its regulations out of consideration for companies, investors and the market as a whole, resulting in a number of small, predictable changes impacting the firm’s Nordic markets, says the head of surveillance at Nasdaq Copenhagen.
Kasper Lorenzen, CIO at PFA, tells AMWatch why the pension firm has chosen to take even more of its investment management in-house.
Summer series: Given the volatility in the market it is really difficult to say how the second half of the year will play out, but some long-term trends will remain strong, says Head of Nordics at Schroders Henrik Jonsson.
Norwegian institutions are a bit more generous in their evaluation of asset managers than their Nordic neighbours.
The UK-based manager saw its asset under management reach a new high in the first half of the year as investors poured in more cash into its funds despite sharp falls in equity and bond markets.
Head of OP Asset Management Tuomas Virtala takes the two quarters of consecutive outflows from institutional clients with calm and finds comfort in growing market shares on the firm’s domestic mutual fund market.
GAM Holding is once more exploring a potential sale after the Swiss fund manager’s previous attempts to find a buyer stalled, according to people familiar with the matter.
Over a ten-year period, though, Denmark’s biggest asset manager ranks comfortably ahead of peers on a domestic institutional client satisfaction survey.
Triodos Energy Transition Europe Fund has purchased a minority position in Danish green energy developer Windspace, also gaining a board seat.
Summer series: Storebrand AM Head of Institutional & Distribution Clients Jørgen Hjemdal is pleased with the development in the first half year after Norway’s largest asset manager significantly ramped up operations across the Nordics and saw healthy exports of its solutions across Europe.
Deutsche Bank’s asset management unit saw outflows for a second consecutive quarter, marking an abrupt end to a period of growth that saw assets under management touch a record last year.
The world economy will not slide into recession, and if such manifests, it will be mild, says one of the world’s largest asset managers.
When the sale of the Topdanmark’s life insurance unit to Nordea is finalized, the insurance firm will alter its strategy and investment setup, says CEO.
Coeli Asset Management CEO Lukas Lindkvist and CIO Erik Lundkvist tell AMWatch how their unconventional approach to recruiting led to the firm being bigger with international institutions. Now the aim is to get more domestic institutions to help reach its AUM growth target.
Investors should look to bonds for income and as a hedge to equities again after fixed-income assets suffered a “horror show” first half according to Vanguard Group, the world’s second largest asset manager.
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