Posts Tagged “FundForum International”

A complete round up of news and views from FundForum International 2010

July 6, 2020

FundForum International is the “must attend” annual asset management conference.  The 2010 event continued that tradition, 20 years in the making.    On behalf of our co-sponsors, CACEIS & KPMG, we would like to thank all the delegates and speakers and look forward to bringing you an even more energised event in 2011.

In addition to the coverage of the event by Beverly Chandler,  we’ve gathered the leading articles and commentary from the business news websites to give you a comprehensive review of this years hugely successful event.

We have captured a series of video interviews with some of the industry leaders which will be posted on this site over the coming weeks.   To make sure you don’t miss out, either add the RSS feed to your reader or sign up for email alerts.

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A Twitter Overview:

reutersClaireM: IBM’s Suzanne Duncan stirred up the Forum with research that showed the trust gap between providers and investors has worsened this year

reutersClaireM‎: Marshall says doesn’t regret not gating in crisis although assets collapsed. Believes hedge fund industry did itself no favours by gating

Dumes618Fund Forum Exclusive: AEGON appoints Citi as Fund Administration Service Provider to a new Global Macro Absolute Return Fund

reutersClaireM‎: Broderick says as Europe transfers burden of retirement provision to private sector, it will expect costs to fall.

JenLoewiAdams‎: Regulator Eddy Wymeersch says not often that he gets to talk face to face with the industry, so thumbs up FundForum#ffi10

reutersClaireM‎: Faber believes prospects for active mngt are good and a lot of passive strategies will face limitations in volatile low growth world


Fund Fees and self-loathing in Monaco - Financial News

The number of attendees rose this year by a fifth compared with last year. More than 70 companies had stands at the Grimaldi events centre, located on the Monaco beachfront, including KPMG, JP Morgan and Citigroup.

Each morning delegates attended lectures and panel sessions featuring leading industry figures such as Jamie Broderick, chief executive in Europe for JP Morgan, Todd Ruppert of T Rowe Price and Jim McCaughan of Principal Global Investors…. more here

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Chiefs told to concentrate on clients - Financial News

The first step in solving any problem is to admit you have one. Amid the yachts, Ferraris and champagne receptions, delegates at the annual Fund Forum conference in Monaco did precisely that.

The tone of the conference was set at the start by speaker, Jamie Broderick, chief executive of JP Morgan Asset Management in Europe.  He said the asset management industry needed to focus more on clients, and those who did not would be left behind.  Investors were concerned about three issues, he said: high fees, an obsession with creating products rather than finding solutions, and a lack of clarity about what was really going on with their money…. more here

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The full round up by Claire Milhench of Reuters can be viewed here.  We’ve put some of the key topics from her review below.

Marshall not so gaga for Osbourne - Reuters

Lord Myners played a cheeky game of bull and bear with Paul Marshall, the co-founder of hedge fund company Marshall Wace, at the close of his Q&A session at the Fund Forum in Monaco this morning… more here

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Doubts grow over fund firms’ Asia dash - Reuters

Asset managers are ramping up their presence in Asia to tap the cash of the growing middle class but some industry managers are warning that the quick bucks these funds are chasing may be elusive.  Establishing an identity and building distribution networks takes time. Regulatory bottlenecks and a stubborn attachment to traditional bank savings will also act as a brake on business.

“Asia will continue to hog the limelight as a source of new assets but it won’t be the next gold rush,” Amin Rajan, chief executive of consultancy Create, said at the Fund Forum in Monaco…. more here

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Allianz plans to boost PIMCO with new hires - Reuters

Allianz Global Investors, the funds arm of German insurer Allianz (ALVG.DE), plans to add about 100 staff this year, with bond manager PIMCO the biggest beneficiary as investor appetite for fixed income products continues.  AGI Chief Executive Joachim Faber said the head count had increased across the entire group by 100 people last year and he expected to repeat that this year.

“The PIMCO business is growing very strongly so it has had the most people added,” said Faber in an interview on the sideline of the annual Fund Forum in Monaco… more here

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Fund Managers under pressure to rebuild trust - Reuters

Fund managers have failed to rebuild relationships with investors that soured when the global financial crisis left them nursing billions in losses, leaving their clients even more disgruntled.

Trust between fund managers and their clients has continued to deteriorate two years on from the crisis, a survey by research organisation IBM Institute for Business Value showed, and managers at the Fund Forum in Monaco said the industry faces an uphill task to restore clients’ confidence. “We’d be kidding ourselves if we thought that our institutional or our retail clients thought we (as an industry) did a good job in the downturn. We need to be more transparent and keep products simple,” Martin Gilbert, chief executive of Aberdeen Asset Management (ADN.L) said. … more here

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Reprieved fund firms face up to failings - Reuters

Fund managers meeting in Monaco this week for their annual summit may have been given a reprieve by last year’s stock market rally but it helped to paper over the fundamental cracks identified at the 2009 conference.

Industry bigwigs such as Martin Gilbert of Aberdeen Asset Management (ADN.L) and John Flint of HSBC Asset Management (HSBA.L) will debate the best business models for these turbulent times, with managers who fail to reposition their businesses likely to find themselves in difficulty.  The 2010 Fund Forum conference, which runs from Tuesday to Thursday, comes at a time when the sovereign debt crisis has triggered another bout of volatility and investors are showing a reluctance to load up on equities… more here

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Fund firms see second wave of M&A - Reuters

The asset management industry is poised for a fresh round of consolidation as economies teeter on the edge of a fresh slowdown, leaving weaker operators rescued by the 2009 rally looking vulnerable all over again.

Delegates to the industry’s annual Fund Forum in Monaco are expecting further M&A, with smaller firms struggling under the weight of new regulations before being picked off by larger rivals, while continuing financial turmoil is expected to put more balance sheets under pressure…. more here

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To view articles from the Financial Times, you must have a subscription, details here

Call for greater transparency on EFTs - Financial Times.

Greater calls for transparency have dominated talks at this year’s Fund Forum. Several chief executives say the market needs to make an effort to restore more here

Fund managers told to embrace new rules - Financial Times

Fund managers attending last week’s Fund Forum in Monaco were told to embrace new regulations rather than fear them. more here

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Nordic Fund Selectors panel at FundForum International - FundSelection

Successful panel with Nordic fund selectors The room was packed when I moderated a panel with fund selectors from the Nordic region at the FundForum in Monaco this week. It was an honest discussion and the public was very pleased with the openness of the selectors… more here

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Paul Marshall offers caution on UCITS - WSJ

A founder of one of the U.K.’s largest hedge funds has warned that investors may be “disappointed” in the more heavily regulatedUCITS funds, which have increased in popularity since the financial crisis… more here

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Fund managers gathered here perhaps got a little indigestion along with their breakfast at the first address of the day - MarketWatch

The managing director of Cerulli Associates got things off to a rousing start with a prediction that global funds under management this year are unlikely to repeat the not-so-spectacular growth from last year — a 16.2% gain. But there was even more gloom tinged in that. Shiv Taneja, addressing a crowded room of early-rising managers said that gain from 2009 came wholeheartedly from a recovery in markets… more here

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Double Dip? Better Be Nimble And Quick - MarketWatch (video)

Invesco portfolio manager Bernard Aybran talks about the dangers of a double dip recession for global economies and keeping a portfolio protected… more here

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Keeping the customer happy and the money flowing - MarketWatch

Tall orders, but those seem to be the general themes for this week’s Fund Forum International, which will gather over a 1,000 asset allocators and 35 chief executives in the small sovereign city-state surrounded by France, known best for its status as a tax haven and refuge for wealthy foreigners.

Whereas last year gathered a group of shell-shocked asset managers who were looking for day-to-day strategies for survival, this year, managers and CEOs will be looking for ideas on how to create sustainable, long-term gains at a time when markets are volatile and investors still haven’t had their faith in managers fully restored… more here

Post Under: Asset Management, General

Getting your hands on the cash

June 28, 2020

Daniel Enskat speaking at FundForum International 2010.

Daniel Enskat, head of global consulting at Strategic Insight, opened the Distribution Summit at Fund Forum 2010 with a swift summary of his latest research into the new rules in the post-crisis landscape. The global investment management industry is worth US$ 100 trillion and the largest piece at US$ 27 trillion is represented by mutual funds. “There have been flows of US$2 bn a day into the fund management industry” he said, but banks hold US$ 60 trillion in cash. “How do you get your hands on the cash?” he asked.

The money is coming from the high net worth client base, and a growing global middle class that is now increasingly coming from the emerging markets. As a sign of the times, Enskat told the audience that Bank of China has recently opened a new Chinese private bank in Geneva, staffed by the Swiss and offering a Swiss equity fund in Renimbi.

Never forget the importance of a good story, said Enskat. “Intermediaries love a good story and increasingly service levels are what matter to distributors. Post crisis, fund selectors want more power, more complexity, more concentration and they have a need for more tailored information delivery. The quality of the marketing material available is most important, said Enskat.

FundForum International 2010 - an overview

June 24, 2020

An Article by Beverly Chandler.

Beverly Chandler will be covering FundForum International 2010, 28 June - 2 July in Monaco

The European asset management industry had just earned a brief moment to draw breath and evaluate where it was at the end of the prolonged period of upheaval caused by the sub-prime crisis when, lo and behold, along came violent volatility caused by continuing fears of credit risk across Europe.

These spread from Greece, but panic is, as we have seen, contagious, and fears have threatened to spread through the Euro zones in Spain, Portugal, Ireland, and into the Sterling-led UK to any European country that has a cripplingly high level of national debt.

The sub-prime crisis sparked off other dramas. We appear to have forgotten Dubai and its many financial problems which have been swept under the UAE carpet but played its part in rocking financial markets earlier this year.

Against the backdrop of loss and indebtedness, we have our perennial Western problem of an ageing population.  The question of who will fund the retirement years of a population dominated by people retired, not working, has been at the heart of a push to achieve above average investment returns for at least 20 years. Our original pension model of today’s workers funding today’s retired was predicated on a healthy balance of the two, the current and ex-workforce.  Demographics have put paid to that.

And where perhaps before, saving a portion of your income as a matter of course was embedded in a national psyche that had come through two world wars and a great depression, saving went right out of fashion.  Particularly in the UK where there always seemed to be another easier source of capital available to give you that money in the bank feeling which fuelled the ‘I’m worth it’ generations into spending more than they earned, often borrowed at easy  interest rates.

Within the UK, that money came from the UK’s flourishing property market where everyone it seemed could buy a house, make a quick return on it and move on. In an even more extraordinary extension of that pattern, ordinary people with no background in property development or property investment could build up a portfolio of properties and let them at a profit to others who were just waiting to get onto the same cycle.

It is a truth universally acknowledged that savings rates need to go up, in every sense of the phrase – we need to save more but we also need to earn a greater reward for saving. While interest rates remain dismally low for savers, they need to look elsewhere for returns on their money.  Across Europe, despite the shock and awe and the volatility experienced by those invested in equities over recent years who experienced a massive loss, a massive rally and then quite a bit of both, many traditional fund groups have experienced net inflows over the last year.

We live now in a financial world where neither banks nor governments have the appetite or the resources to lend money any more. Net inflows into funds suggest that investors are choosing investment in funds to secure their futures.  Actively managed funds, achieving better returns than those available on deposit, are what is needed to encourage investors to save and to offer them returns that are worthy of that effort.  The investment industry in its widest definition is at a crucial point in this process and must step up and produce the returns that will secure the financial security of future generations.

About Beverly Chandler

Beverly Chandler has been a specialist financial writer for a number of years, writing for most of the trade press, a number of national newspapers and publishing a couple of books on the Hedge Fund industry.  She will be covering the FundForum International 2010 conference, producing a daily digest of the key outtakes from the event, and interviewing speakers & delegates about prevailing industry trends, their views of the future and why FundForum International is the “must attend” conference in the annual calendar.

Who will you meet next week at FundForum International 2010 in Monaco?

June 21, 2020

The who’s who of the asset management industry will be in Monaco from 28th June - 2nd July attending the 20th Annual FundForum International 2010

PLUS: joining the unbeatable line-up of over 160+ senior expert speakers are:

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Lord Myners, CBE, former UK Financial Services Secretary

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“The Myners Interview with Paul Marshall, Marshall Wace will focus on the Hedge Fund view of the future of the Funds Space and the role of alternatives in the Retail World “

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Jamie Broderick, J.P. Morgan Asset Management Europe

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“An Insider’s perspective on how Asset Management can become a vibrant , useful and profitable industry”

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Juan Alcaraz, Santander Asset Management

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“participating in an expert panel discussion on the ‘Path to regaining Investor trust in Asset Management’ “

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Massimo Tosato, Schroders

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“speaking on the challenges of building a customer-centric business to sustain future profits”

Over 1000+ Senior Asset Managers, Fund Selectors and Advisers are confirmed including

SEB Wealth Management * Erste-Sparinvest KAG * Alter Capital * martInvestments * LV Asset Management * Citi Private Bank * Danske Bank * Caja Ingenieros Gestion * Vantis Financial Management * DWS Investments * AXA MPS Financial Limited * Finance-Doc Multimanagement * Calastone Limited * Coeli AB * Skandia Fonder AB * Societe Generale Private Banking * GDP AM Sim S.p.A * Godvig Capital * LGT Capital Management * Christian Philippsen * Allfunds Bank * max.xs Financial Services AG * Quantis Investment Management * Ålandsbanken Sverige AB * Santander Asset Management * Barclays Wealth * Lombard Odier Darier Hentsch & Cie * Invesco * Morgan Stanley Private Wealth Management * Thames River Capital * Citi * F&C Investments * A.A.Advisors * Standard Life Group plc * Legal & General * Banco Inversis * Towry Law * Nextam Partners * Nordea Investment Funds * HSBC Multi-Manager Investments * Unicredit Private Bank * LGT Capital Management * PFA Pension * Abu Dhabi Commercial Bank * FundQuest UK * Carrington Wealth Management * Lansforsakringar Asset Management * Architas * Pioneer Investments * Deutsche Bank Private Wealth * London Pension Fund Authority * Deutsche Bank AG * London Pension Fund Authority * ABN AMRO Private Bank * Skandia Investment Group * Citi Global Consumer Group EMEA and many more…

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Make Contact & Set Up Meetings Now on FundForum e-Networker

♦ Now Live! Investor Search Criteria now live on – find the investors interested in your strategies, contact them and set up meetings! Now Blackberry and iPhone enabled to help you find investors and set up meetings while at the event too.

♦ Now Live! FundForum International  e-Networker delegate list: See who is attending, update your profile and schedule meetings ahead of the event!



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