Thomson Investment Management News

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Thomson Investment Management News (Thomson IM News) is a wire service and website aimed at clients in the European institutional fund management and pension fund industry. It is part of Thomson Financial News, itself part of Canadian publishing and data group Thomson Corporation.

Pension fund

A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income.

Thomson Corporation company

The Thomson Corporation was one of the world's largest information companies. It was established in 1989 following a merger between International Thomson Organisation Ltd (ITOL) and Thomson Newspapers. In 2008, it purchased Reuters Group to form Thomson Reuters. The Thomson Corporation was active in financial services, healthcare sectors, law, science and technology research and tax and accounting sectors. The company operated through five segments : Thomson Financial, Thomson Healthcare, Thomson Legal, Thomson Scientific and Thomson Tax & Accounting.

Contents

History

Thomson IM News was launched in October 2005, when Thomson Financial hired London-based financial newswire AFX News to provide content for IM clients of its Thomson ONE platform.

That cooperation presaged the acquisition of AFX News by Thomson Financial to form Thomson Financial News (TFN). TFN will be merged with the editorial team at Reuters if the merger between Thomson and Reuters is given regulatory approval.

Reuters International news organization owned by Thomson Reuters

Reuters is an international news organization. It is a division of Thomson Reuters and has nearly 200 locations around the world. Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc, which was also a provider of financial market data. Since the acquisition of Reuters Group by the Thomson Corporation in 2008, the Reuters news agency has been a part of Thomson Reuters, making up the media division. Reuters transmits news in English, French, German, Italian, Spanish, Portuguese, Russian, Urdu, Arabic, Japanese, Korean, and Chinese. It was established in 1851.

Thomson IM News is based in London and run by a team of seven reporters led by the Editor Joel Dimmock. It also takes copy from TFN markets and companies reporters and freelance contributors.

Content

The Thomson IM News wire is heavily focused on the UK and European fund management and pensions industry. Items range from news on fund launches and people moves to changes in asset allocation and mandate wins. The editorial team has a stated aim to generate exclusive news on the industry which is highlighted in a Pick of the Week [1] section on the website.

Asset allocation Investment strategy

Asset allocation is the rigorous implementation of an investment strategy that attempts to balance risk versus reward by adjusting the percentage of each asset in an investment portfolio according to the investor's risk tolerance, goals and investment time frame. The focus is on the characteristics of the overall portfolio. Such a strategy contrasts with an approach that focuses on individual assets.

There is a major stream of analysis stories which pool comments from fund managers to build a market view of specific asset classes, regions or sectors. These items are also split out into a separate section. [2]

In finance, an asset class is a group of financial instruments which have similar financial characteristics and behave similarly in the marketplace. We can often break these instruments into those having to do with real assets and those having to do with financial assets. Often, assets within the same asset class are subject to the same laws and regulations; however, this is not always true. For instance, futures on an asset are often considered part of the same asset class as the underlying instrument but are subject to different regulations than the underlying instrument.

TFN reporters provide the final stream of content in the form of breaking news on the financial industry and on stock market movements.

Publication

Thomson IM News provides a wire feed of about 100 stories a day to Thomson ONE clients in the fund management industry. The content is most visible though on its website here.

Stories produced by Thomson IM News reporters also appear on the TFN newswires.

Awards

Thomson IM News has won the SSgA Institutional Press Award for Pensions Journalist of the Year in its segment for two years running. Cecilia Valente won in 2006 and Joel Dimmock picked up the same award in 2007. [3]

Competitors

There are a range of financial publications which touch on the same areas of coverage as Thomson IM News. These include News Corp-owned Financial News, CityWire and IPE, as well as a series of smaller niche publications. Both Bloomberg and Reuters also have journalists which cover similar areas.

External sources

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References

  1. Thompson IM News
  2. Thomson IM News
  3. Thomson - Thomson Investment Management News Journalist Wins State Street 2006 Institutional Press Award