Advisers – Page 142
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Put 5-10% into hedge funds - ex-Watson partner
UK – Former Watson Wyatt partner and senior investment consultant Stephen Oxley says pension funds should allocate between five and 10 percent to hedge funds.
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Elections put Spanish pension reform on hold
SPAIN – Forthcoming elections have put a hold on Spain’s pension reform, says investment consultant Mercer.
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Austrian pension reform “unfinished business”
AUSTRIA – The International Monetary Fund has praised Austria’s pension reform, but highlights that the second and third pillar systems need gradual development.
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Top US consultants losing market share - report
US – “Leading firms in the investment consulting business are losing their historic stronghold on the market” – so says a new report by Cerulli Associates.
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Inflows to German investment funds halve
GERMANY – Investments into German investment funds dropped by half in August to 1.6 billion euros, according to the latest data from the BVI, Bundesverband Investment und Asset Management.
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Hermes boosts private equity team
UK – Hermes’ private equity arm has hired an investment director from CVC Capital Partners.
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Swedish euro vote has little pension impact
SWEDEN – Sweden’s decision to reject the euro is not seen as having a major impact on Swedish pension industry.
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French reserve fund tender closed
FRANCE – Applications for the 27 mandates for the 16 billion-euro French National Retirement Reserve Fund closed at noon today.
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Germany: Mercer takes on 38 PwC pension staff
GERMANY – Mercer Human Resource Consulting has taken on up to 38 pension staff in a deal with consulting firm PricewaterhouseCoopers.
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UK’s Audit Commission seeks investment consultant
UK – The 250 million-pound (356 million-euro) pension fund of the Audit Commission is tendering for an investment consultant.
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More Dutch pension assets now externally managed
NETHERLANDS – Almost three-quarters of Dutch pension fund assets are now externally managed, according to a new report by consulting firm Bureau Bosch.
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Towers Perrin’s Bannet moves to Hewitt
NETHERLANDS – Hewitt Associates has hired Eddy Bannet from Towers Perrin to be joint head of investment in the Netherlands.
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OPRA hosts whistleblower workshop
UK – The Occupational Pensions Regulatory Authority is to hold a workshop to explain new rules on reporting problems with pension schemes.
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Retirement age the hot topic at CERP conference
ITALY – The age of retirement in Europe is the focus of a forthcoming conference organised by Italy’s Center for Research on Pensions and Welfare Policies, or CERP.
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Corporate pension funds seen eyeing hedge funds
EUROPE – Corporate pension funds are changing their thinking about hedge funds, prompted by pension obligations being treated as debt, according to a new report by Morgan Stanley.
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Job cuts inevitable as Aberdeen buys EFM
UK – Aberdeen Asset Management has confirmed that it is buying Edinburgh Fund Managers for 36 million pounds (51.8 million euros).
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UK’s state actuary in local authority push
UK – The government’s actuarial department is looking at moving into the local authority pension scheme market.
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‘Dam has burst’ for UK corporate pensions
UK – The number of defined benefit schemes may be decreasing, but employers still remain the main contributors to occupational pension plans, according to the employers’ body the Confederation of British Industry.
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Danish fund tenders credit brief via IPE-Quest
DENMARK – A consulting firm has tendered a mandate of around 125 million euros for a Euro credit manager on behalf of a Danish pension fund via IPE-Quest.
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Long-term mandate competition down to last eight
GLOBAL – The competition set by a group of leading European and US pension funds to create a prototype long-term mandate has entered the short-list phase.
