Investment Officer

LPeC, an international association for listed private capital, has become part of Invest Europe, the Brussels-based trade association for the European private equity, venture capital and infrastructure sectors. LPeC will continue as Invest Europe’s Listed Private Capital Roundtable.

Although professional investors - on average - are still considerably underweight equities, there is one category they are massively allocating to. Never before has the allocation jump in emerging markets equities been so large in three months. EM is hot.

Katharine Dryer has been appointed at Capital Group in a new London-based role as equity lead, Europe and Asia client group. 

San Francisco-headquartered Capital Group, with assets under management of approximately 2.2 trillion dollars, said Dryer will focus on expanding the firm’s equity distribution strategy and product development roadmap to better serve institutional and intermediary clients across Europe and Asia. 

Candriam Group, a New York Life investments company, said it has agreed to buy a majority-stake in pan-European real estate investment manager Tristan Capital Partners. Financial details were not disclosed.

Candriam already owns 31 percent of Tristan, With the new agreement its stake will increase to 80 percent by the middle of this year. The remaining 20 percent of Tristan will continue to be held by its senior team. 

Pictet Asset Management has announced the launch of Pictet-ReGeneration, a Luxembourg-domiciled concentrated global equity fund investing in companies aiding the transition to a regenerative economy. The fund is the latest addition to Pictet AM’s Thematic franchise, which now has a combined assets under management of some 62 billion dollars.

EFA, the asset services unit of Frankfurt-based management company Universal Investment, on Tuesday said it has strengthened its presence in the Nordic countries by appointing Pia Kumlin as country head. Kumlin joins from Swedbank and will be based in Stockholm.

Institutional investors every year miss out millions of euros because they do not recover  withholding tax paid abroad. The reason: suboptimal communication and cooperation between institutional investors and a “custodian” that does not or not always fully perform the service formally assumed.

Teodora Croitoru has joined Crestbridge as head of compliance, fund services, while Emmanuelle Poret has taken on the role of head of client onboarding, fund services & ManCo.

DWS, the asset management arm of Deutsche Bank, on Monday said that Olivier Dubost de Cadalvène, currently head of DWS in France, Middle East & Africa, has taken up the additional responsibility for Luxembourg. The appointment coincides with the appointment of Arjen Jonk as country head in Belgium and the Netherlands.

Some 21 new Reserved Alternative Investment Funds, or Raifs, were registered at the Luxembourg Business Register during January, according to information made public at the end of the month.

The following funds have been registered: