Advisers – Page 144
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News
Pension funds want fixed fees – Watson Wyatt
EUROPE – The head of Watson Wyatt’s European investment practice, Nick Watts, says there is a “strong appetite” among its pension fund clients for fixed investment-management fees.
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Mercer offers “alpha transport” derivatives idea
EUROPE – Mercer Investment Consulting is offering a new concept for pension fund managers that involves the use of derivatives in constructing portfolios of independent alpha and beta sources.
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Irish managed funds return over 2% in July
IRELAND – The average group pension managed fund in Ireland rose by more than two percent in July, according to new data.
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Mercer Oliver Wyman targets Nordic growth
SWEDEN – Mercer’s risk management consultancy arm, Mercer Oliver Wyman, is targeting growth in the Nordic region with the opening of an office in Stockholm.
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Study says derivatives can help pension crisis
GLOBAL – A new academic study says options can be used to make defined benefit pension schemes more sustainable.
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Hackney seeks actuary and property manager
UK – The London borough of Hackney is looking for an actuarial consultant and a property fund manager for its 340 million-pound (486 million euro) pension fund.
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Higham Black Mountain names senior actuary
UK – Higham Black Mountain is expanding its pension administration and consultancy services with the addition of Paul Jayson.
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Mercer makes four top European appointments
EUROPE - Mercer Human Resource Consulting has made four senior appointments to its international consulting team, including two new hires.
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Aon loses out to Hewitt at De La Rue
UK – Bank note maker De La Rue has hired Hewitt Bacon & Woodrow to handle the administration of its 740 million-euro pension scheme – resulting in a loss of business for Aon Consulting.
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Jardine Lloyd names Glasgow office head
UK - Jardine Lloyd Thompson has hired Roger MacNicol from KPMG to head its Glasgow office.
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M&G gains almost E1bn in institutional funds
UK – M&G says it saw net institutional fund inflows of 704 million pounds (996 million euros) in the first six months of 2003.
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ISIS hit by shift from balanced mandates
UK - ISIS Asset Management says it has been hit by the trend away from balanced mandates.
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Aviva’s Morley and Hibernian eye consolidation
IRELAND/UK – A consolidation of Aviva’s two fund managers, Morley Fund Management and Hibernian Investment Managers looks to be on the cards.
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Mercer’s revenues rise 16% to $690m
US – Consulting firm Mercer has seen its quarterly revenues rise by 16% - though sister company Putnam Investments has posted lower revenues.
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University offers asset management degree
UK – With reports that talent is leaving the asset management industry, Brunel University is offering a finance MSc degree specialising in the subject – the first of its kind in the UK with a work placement.
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HSBC AM names Lyne as institutional director
UK – HSBC Asset Management has appointed Julian Lyne as director of institutional business.
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Allianz’s Pimco names UK fixed income head
UK – Pimco has named Rothschild Asset Management’s Michael Amey as its new head of UK fixed income.
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Northants seeks replacement for Watson
UK – Northamptonshire County Council pension fund has put out to tender a mandate for a scheme actuary to replace Watson Wyatt.
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UK managers want freedom from benchmarks – poll
UK – Hewitt Bacon & Woodrow has found that most UK fund managers believe that benchmarking against an index prevents them from backing their best ideas and that so-called unconstrained mandates would lead to improved portfolio performance.
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Mercer opens new German investment consulting arm
GERMANY – Mercer Investment Consulting is to launch a new investment consulting practice in Germany.
