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The 20 biggest fund managers over the first half of 2020

Which moves, switches and shuffles proved the most interesting for Citywire Selector’s readers?

20. GAM’s former head of investments joins Artemis

Matthew Beesley, former head of investments at GAM, joined Artemis as CIO on 20 April 2020. He replaced Peter Saacke who decided to give up his CIO responsibilities to concentrate on managing the Artemis Global Growth Fund, the Artemis Global Emerging Markets Fund, the Artemis Institutional Global Capital Fund and segregated mandates.

 

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20. GAM’s former head of investments joins Artemis

Matthew Beesley, former head of investments at GAM, joined Artemis as CIO on 20 April 2020. He replaced Peter Saacke who decided to give up his CIO responsibilities to concentrate on managing the Artemis Global Growth Fund, the Artemis Global Emerging Markets Fund, the Artemis Institutional Global Capital Fund and segregated mandates.

 

19. UBS’ multi-strategy arm hires abs return CIO and team

UBS O’Connor – the Swiss group’s multi-strategy hedge fund manager – hired Ken Geren as chief investment officer for absolute return and on-boarded his former team from Point72 Asset Management. The New York-based unit announced the appointment as part of its plans to expand absolute return efforts and move towards better incorporation of environmental issues into the investment process.

 

18. Global equity head exits AllianzGI amid unit restructure

Allianz Global Investors’ global equities CIO, Lucy MacDonald, left the firm as a result of the asset management firm restructuring its equity unit. The company formed a 17-strong global growth team that will unite its global equity and European growth teams as one division. The newly-created unit is led by Thorsten Winkelmann, who is now CIO global growth, while Christian Schneider is his deputy.

 

17. Schroders’ global head of stewardship to depart

Schroders named Andy Howard to the role of global head of sustainable investment, which coincided with Jessica Ground leaving the company. Howard was promoted to lead the sustainable investment team, while also retaining all his existing responsibilities in sustainability research. He will now oversee the team’s stewardship activities and further drive active ownership.

 

16. Credit Suisse head of investment management joins DWS

Björn Jesch, Credit Suisse’s global head of investment management for its wealth management arm, joined DWS on 1 July 2020. He is global head of multi-asset and solutions and succeeds Christian Hille, who left DWS for personal reasons after 13 years with the firm.

 

15. Goldman Sachs AM’s co-head of quant to exit

Goldman Sachs Asset Management’s co-head of quantitative investment strategies, Gary Chropuvka, left the company, wrote Citywire’s Nicole Piper in New York. According to an SEC filing seen by Citywire Selector’s sister site Citywire Pro Buyer, Chropuvka stepped down with Armen Avanessians moving to become sole lead of the unit.

 

14. Six Merian managers exit as Jupiter announces post-merger fund line-up

Six Merian fund managers exited the business following its merger with Jupiter.  The fixed income side will see the most upheaval, with Lloyd Harris, Simon Prior, Delphine Arrighi and Rob James all heading for the door.

Meanwhile, on the equity side Ian Ormiston is leaving the firm and Mark Greenwood will also depart on the alternatives side of the business.  The two firms also revealed one further fund manager departure on the Jupiter side, which hasn’t been confirmed at the time of publication.

 

13. Former Comgest PMs join forces to launch their own firm

Former Comgest portfolio managers Céline Piquemal-Prade and Vincent Houghton  set up their own asset management boutique, which is formally called Piquemal Houghton Investments. As first reported by NewsManagers, the veteran investment duo joined forces in the wake of having exited French asset manager Comgest.

Piquemal-Prade told Citywire Selector that the boutique will be structured around a small team of three. It will be composed of Houghton, herself, and the administrative director Isabelle d’Imperio, who was executive secretary at Comgest.

12. Nordea AM selection manager exits for senior PM role

Nordea Asset Management selection manager Erik Skacke left the group to join Danish pension provider Velliv in February. Skacke left the role after more than seven years with the company. He joined as a graduate in 2012 before progressing to selection analyst and finally selection manager in 2016.

 

11. Nordea announces host of moves to create ‘EMD team 2.0’

Nordea Asset Management made five personnel changes within its developing world debt unit as its team leader Thede Ruest aims to develop an ‘EMD team 2.0’. Citywire + rated Ruest announced several internal and external moves, designed to increase the diversity of backgrounds, age, gender and education in the specialist fixed income team.

 

10. Lombard Odier IM poaches Robeco trio for new thematics team

Lombard Odier Investment Managers (LOIM) hired a trio of former Robeco fund managers as it seeks to further expand what the Swiss group can offer in thematics. Citywire AA-rated Henk Grootveld, who was head of trends investing, and portfolio managers Christian Vondenbusch and Jeroen van Oerle all stepped down from Robeco before Christmas, prompting several fund manager changes at the Dutch group.

 

9. Lombard Odier IM names new CIO for multi-asset

Lombard Odier Investment Managers appointed Aurèle Storno (pictured) as chief investment officer for multi-asset, Citywire Selector learned. Storno was most recently head of the asset allocation team, in charge of portfolio management for the All Roads funds family, which he continues to run, as well as the Lombard Odier Pension Fund (Switzerland). 

 

8. Ex-BlackRock China chief takes senior role at HK asset manager

BlackRock’s former head of China equity, Helen Zhu, took a managing director position at Hong Kong-based specialist investor Nan Fung Trinity. Zhu stepped down from BlackRock over the summer of 2019 having spent five years with BlackRock and having managed in excess of $1bn across a variety of region-focused strategies.

 

7. BlackRock EM veteran Andrew Swan to depart

BlackRock’s Asian equities specialist and Citywire A-rated manager Andrew Swan left the firm and relocate to Australia. Swan (pictured) had been with BlackRock since joining from JP Morgan Asset Management in 2011, becoming a leader in the firm’s global emerging market equities team. Swan subsequently joined Man GLG.

 

6. BlackRock shuffles top ESG roles amid full sustainability push

BlackRock made several senior personnel changes in an effort to strengthen its sustainable investing platform. As part of the firm’s pledge for full ESG integration across all investment portfolios by the end 2020, the asset manager has appointed Meaghan Muldoon as global head of ESG integration. Muldoon was most recently head of BlackRock Sustainable Investing EMEA. She will now be in charge of integrating ESG factors in the overall risk evaluation across all of the investment functions at the firm.

 

5. Franklin fires manager following viral altercation in Central Park

Franklin Templeton fired an employee following an incident in New York City’s Central Park that was filmed and widely shared on social media. In footage shared online, Amy Cooper, a white woman who worked as head of insurance investment solutions at Franklin Templeton, threatened to call the police on Christian Cooper, a black man who asked her to leash her dog. The two are not related.

 

4. Exclusive: Ex-GAM CEO and investment solutions chief launch new firm

GAM’s former chief executive officer and head of investment solutions have returned with their own research and market commentary company called Jackson Hole Economics.

The new venture was formally announced by Larry Hatheway via LinkedIn on 1 January. He was a co-founder alongside Alexander Friedman according to company documents, as well as Friedman’s personal Twitter account which was created last month.

 

 

3. €324bn German AM expands alts efforts with new CIO roles

Munich-based asset manager Meag made a strong push into alternatives with the appointments of chief investment officers for public markets and alternative assets, respectively.

Prashant Sharma (pictured) will be named CIO Public Markets on July 1, 2020. He assumes responsibility for liquid portfolio management and comes from JPM Asset Management, where he most recently worked as managing director, head of international fixed income insurance and pensions.

Meanwhile, Michael Bös will become CIO Alternative Assets in the future. Meag’s illiquid assets and real estate efforts are now combined within Meag Munich Ergo Asset Management.

 

2. Top Asia Pacific equity PM over three years drops main fund

Citywire AAA-rated Krace Zhou came off a top-ranking Morgan Stanley fund this month, reported Nicole Piper for Citywire Selector’s sister site Citywire Pro Buyer.

According to a filing with the Securities and Exchange Commission (SEC), Zhou stepped off the $195m Morgan Stanley Asia Opportunity fund on May 22. She is also a listed manager on the Ucits-compliant version of the fund.

Citywire AAA-rated Kristian Heugh will continue as the lead portfolio manager on the fund, with Anil Agarwal as co-manager. A spokeswoman for Morgan Stanley did not return a request for comment before publication.

 

1. Schroders veteran joins Capital Group as global ESG chief

Taking the top spot for the first half of the year, Capital Group hired Jessica Ground from Schroders to serve as its global head of ESG. In her new capacity, Ground, who will formally join in September, will be responsible for incorporating the company’s ESG across its investment process globally.

 

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