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Intech Investment Management has launched its first enhanced global equity strategy.
It has been seeded with funding by one of Europe’s largest pension funds.
The strategy is an extension of both Intech’s global core and enhanced index strategies.
As of 30 November 2009 Global Core has returned 3.88 per cent, annualized and gross of fees, since its inception on 1 January 2005, outperforming its benchmark, the MSCI World Index, by 1.65 per cent.
Enhanced index has returned 2.98 per cent, annualized and gross of fees since its inception on 1 April 1998, outperforming its benchmark, the S&P 500 Index, by
Having received all the regulatory approvals needed to create their combined asset management arm, Crédit Agricole and Société Générale are incorporating Amundi on 31 December 2009 and starting operations on 1 January 2010.
Georges Pauget, chief executive officer of Crédit Agricole, will be chairman of the board of directors.
Séverin Cabannes, deputy chief executive officer of Société Générale, will be vice chairman and Yves Perrier (pictured), head of asset management and institutional services at Crédit Agricole and chairman and chief executive officer of CAAM Group, will be Amundi’s chief executive.
The board comprises 15 members, two-thirds of whom are appointed
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