Advisers – Page 121
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News
Russell/Mellon to open Amsterdam office
NETHERLANDS – Institutional information provider Russell/Mellon says it is to open an office in Amsterdam on October 11.
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Fonditel among winners at Spanish awards bash
SPAIN - Fonditel, the investment house that began life as the Telefonica pension fund, was among the main winners last night at the Spanish pensions industry awards on a good night for the domestic managers.
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News
Pension consultants slam UK’s property policy
UK – The Society of Pension Consultants has said the government is in danger of “shooting itself in the foot” over its plans to ban upward-only reviews of property rents.
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Skandia, Commerzbank in German pension pact
GERMANY- Skandia Portfolio Management GmbH, the Berlin-based arm of the Swedish insurer, has started a partnership with the Commerzbank’s European Bank for Fund Services GmbH, or ebase, to reinforce its position in the German institutional market.
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News
Ex-Belgian pensions minister joins consultant
BELGIUM – Former Belgian pensions minister Freddy Willockx has joined the new full-service consulting firm Akkermans Stroobants & Partners.
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Hewitt global investment head Fitzpatrick to retire
GLOBAL – Nick Fitzpatrick is to retire as head of global investment consulting at Hewitt Associates and be replaced by former Schroders investment head Nicola Ralston.
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German consultant Faros hires FERI’s Umlauf
GERMANY - Faros Consulting, a new German investment advisor for institutional clients, has poached a senior executive from rival FERI.
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UK’s Dorset allocates to hedge funds in revamp
UK - The 900 million-pound (1.3 billion-euro) Dorset County Pension Fund has allocated five percent of its portfolio to hedge funds investments as part of a review of investment strategy.
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News
ING IM names new risk management head
NETHERLANDS – Luciano de Almeida has been named as head of risk management at ING Investment Management Europe to replace Remco van Eeuwijk, who has joined Wilshire Associates.
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News
Pimco says it hires Schroders consultant head
UK - Fixed-income asset manager Pimco has hired Schroders’ Anne Fairchild-Jones as head of marketing communications in its London office- a new position.
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Standard Life targets E1bn in new liability unit
UK - Standard Life Investments is targeting an extra one billion euros in assets under management at a new unit focusing on liability-driven investments for institutions.
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German consultant Bode looking for partners
GERMANY - Bode Grabner Beye, a German actuarial and benefits consulting firm, is actively seeking an international partner following the recent dissolution of its 22-year-old joint venture with Watson Wyatt.
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Features
Winds of change: institutional funds-of-funds in Germany
DekaBank, the central asset manager of the German Sparkassen Organisation, is Germany’s number one provider of structured investment concepts and fund-based asset management in the retail market. Due to the new possibilities of the Investment Modernisation Act, institutional investors can now profit from our know-how based on breadth of experience ...
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Mercer says Austrian reform disappointing
AUSTRIA - Kurt Bednar, managing director of Mercer Austria, has called for finance minister Karl-Heinz Grasser to show more courage in reforming the pension fund law, or PKG.
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Railpen stresses human face of ALM
UK - Stephen Lowe, head of asset strategy at Railpen Investments called for the human component to be considered when pension funds set their asset liability models.