Advisers – Page 124
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Henderson makes institutional, consultant hires
UK - Henderson Global Investors has made two new hires, boosting its institutional and consultant relations activities.
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F&C institutional assets hit by pension outflows
EUROPE – F&C, which is being bought by ISIS Asset Management, lost almost four percent of its institutional assets under management in the first half of 2004.
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Gartmore names institutional chief
UK - Gartmore Investment Management has named Invesco UK’s Angus Woolhouse as head of business development for its global institutional and alternative investments business, spanning the US, Europe and Japan.
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Medical society taps State Street for custody
UK - The Medical Protection Society Ltd. has awarded State Street a custody and transition management services brief and has retained its asset management arm for its 460 million-pound (688.7 million-euro) portfolio.
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Mercer names new head of pensions admin
UK – Mercer Human Resource Consulting has named Patrick Cosgrave as head of its pensions administration practice.
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Zurich fund CSIF postpones independence
SWITZERLAND – The continued coverage deficit at the 16.95 billion-franc (11 billion-euro) Canton of Zurich Civil Service Insurance Fund means its planned independence has been postponed, possibly for years.
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IPE-QUEST: Swiss corporate seeks asset manager
SWITZERLAND - Investment consultant Kieger is looking for an asset manager for an actively managed short duration portfolio, on behalf of a corporate client.
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Northern hires SSGA’s de Boer for Europe sales
EUROPE – Northern Trust Global Investments has hired State Street Global Advisors’ Heico de Boer as a sales director for Continental Europe.
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German hedge market could grow to E20bn
GERMANY- The German hedge fund markets, newly open to institutional investors, could grow to 20 billion euros in the next five years, according to consultant Mercer.
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Swiss pension funds boost alternatives - CSAM
SWITZERLAND – Swiss pension funds have raised their allocation to alternative assets to 1.8%, Credit Swiss Asset Management says.
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PGGM discontinues chief economist role
NETHERLANDS – The Dutch health care fund PGGM’s appointment of Peter Kraneveld as special adviser means that the chief economist role no longer exists at the scheme.
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ABN Amro's institutional AUM fall
EUROPE – Institutional assets under management at ABN Amro’s asset management arm have fallen to around 86.3 billion euros at the second quarter from almost 88 billion euros at the first quarter of 2004.
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Standard Life unveils manager-of-manager range
UK - Standard Life Investments has launched a range of manager-of-managers pension funds in conjunction with Wilshire Associates.
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Mercer’s strength offsets weak Putnam - MMC
GLOBAL – Marsh & McLennan says strength in its Mercer consulting arm and Marsh insurance unit offset weakness at asset management division Putnam in the second quarter.
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KAS Bank wins E484m Norcros custody brief
UK - Dutch custodian KAS Bank has won another global custody mandate in the UK, taking its institutional clients in the UK to 13.
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New VB code could hit fund performance - Hewitt
NETHERLANDS – The VB’s new pension fund governance code could hit the overall performance of pension funds, Hewitt Associates says.
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Watson Wyatt LLP still looking for acquisitions
EUROPE – Watson Wyatt LLP, the UK-based consulting firm, says it is still looking for acquisitions - in a market where it faces “opportunities and threats”.
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T. Rowe Price hiring staff as earnings surge
GLOBAL – T. Rowe Price Group says its second-quarter net income rose 49% to 80.3 million dollars (66.52 million euros) – with staff numbers rising six percent since the start of the year.
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German funds set to increase equities – survey
GERMANY – German pension funds and insurers are likely to increase their weighting to equities in the medium to long term, according to a survey by Heissmann Consultants.
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NAPF to host conference for pension trustees
UK – The National Association of Pension Funds is to hold a conference for pension scheme trustees amid fears that the traditional trustee system in the UK is facing decline due to regulatory pressure.
