Advisers – Page 101
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News
PIMCO awarded HSBC emerging market brief
UK – PIMCO Europe says it has been awarded an emerging market mandate of undisclosed size from the trustees of the HSBC International Staff Retirement Benefit Scheme.
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DeAM unveils German multi-manager funds
GERMANY - Deutsche Asset Management has rolled out the first of two multi-manager funds for the German-speaking institutional market, yet no longer believes demand for the funds will be as robust as previously estimated.
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North Yorks completes €1.3bn portfolio revamp
UK – The £880m (€1.3bn) North Yorkshire Pension Fund has completed the restructuring of its portfolio which has seen it shift to specialist managers from balanced.
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Watson to take over Mercer Dutch insurance arm
NETHERLANDS – Watson Wyatt is to take over Mercer Management Consulting’s 22-strong Mercer Oliver Wyman actuarial consulting business in the Netherlands.
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Threadneedle sells MM multi-management arm
UK - Threadneedle Asset Management has told its multi-management arm MM to Investment Manager Selection for an undisclosed price.
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Consultant Fideas launches with €300m
EUROPE - New consulting firm Fideas Capital has officially launched, with clients having entrusted €300m in assets.
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Dutch schemes need €255bn of long bonds – IMF
NETHERLANDS – Dutch pension funds are estimated to require more than €250bn of long-term bonds to help them match liabilities, the International Monetary Fund says.
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IPE-QUEST: €30m in European equities tendered
EUROPE – Swiss investment consultant Kottmann Advisory has tendered a €30m actively managed pan-European equities brief via IPE-Quest on behalf of a client.
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NAPF calls for standing commission on pensions
UK – The National Association of Pension Funds has called for an independent standing commission on pensions.
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Julius Baer may sell custody arm - Merrill
SWITZERLAND – Julius Baer may sell its custody business, according to a Merrill Lynch research report following the changes announced last week at the Swiss bank.
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Threadneedle names UK institutional head
UK – Threadneedle Investments has named Madeline Forrester as its new head of UK institutional business, effective immediately.
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Insight nabs MLIM’s Aitken as institutional head
UK – Insight Investment Management has named Sarah Aitken, head of defined contribution at rival Merrill Lynch Investment Managers, as its new head of institutional business.
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SPC reveals obstacles to UK pension funds
UK – A recent survey by the Society of Pension Consultants (SPC) has found that complexity and compliance are rivalling cost as the biggest stumbling blocks for employers trying to set up pension schemes in the UK.
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Mercer to advise company and trustees at HBOS
UK – Mercer Human Resource Consulting has downplayed suggestions of a potential conflict of interest in its appointment to advise banking group HBOS on pensions matters.
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Credit Agricole gets €21bn of asset inflows
FRANCE – Credit Agricole says its asset management arm gained almost €21bn in inflows in the first half of the year.
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Capita buys pensions admin firm FPS
UK – Pensions administrator Capita Hartshead has acquired the FPS Group of Companies following “enormous change” in the UK pensions market.
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350 jobs to go as Julius Baer buys banks
SWITZERLAND – Around 350 jobs, including possibly that of asset management chief Roman von Ah, look set to go with Julius Baer’s decision to buy four wealth management firms from UBS.
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Mercer hires ex-Jardine Lloyd’s Parker
UK – Mercer Human Resource Consulting has appointed former Jardine Lloyd Thompson senior actuary, Matthew Parker, as senior consultant.
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ING Real Estate chief quits over Polish complex
POLAND – Paul Trip, chief executive of development at ING Real Estate, has quit over problems at a shopping complex in Warsaw.
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UBS names director of pensions strategy
UK – UBS has named former Watson Wyatt consultant Richard Boardman as director of pensions strategy - replacing Huw Williams, who has left.
