Advisers – Page 156
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News
Dundee seeks specialist manager for bond mandate
UK - Dundee City’s £775m (e1.21bn) Tayside superannuation fund is tendering for a fund manager to manage a £93m bond mandate. The scheme joins the latest in a line of UK funds switching from a balanced strategy to a specialist strategy.
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News
Aon appoints Wilken in Amsterdam
NETHERLANDS - Aon Consulting has apppointed Bob Wilken as a senior consultant in its Amsterdam office. Formerly, Wilken held management and account management positions at Delta Lloyd NV.
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Features
Tasters of world fund styles
o The Merrill Lynch Global Equity Fund currently has more than half of its $302.3m in assets invested in US stocks. But because the fund takes a bottom-up approach to stock selection, says Graham Bamping, retail investment director at Merrill Lynch Investment Management, geographical distribution is not the driving force ...
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Features
Factors in global equity success
Experience and a pragmatic approach are the critical factors in boosting relative performance for global equity managers according to the latest analysis of offshore based funds, published by Standard & Poor’s Fund Research. In the current bear market, few global equities fund managers have experienced such a protracted recession. Long ...
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Features
Turning down the volume
Pension funds and their consultants are wary of hedge funds, largely because they cannot pigeonhole them into any of the traditional asset classes, and therefore find them difficult to benchmark. As a result, they have tended to approach them through the multi-manager route, rather than directly. By apportioning a mandate ...
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News
Solutia appoints Frank Russell to run entire fund
UK - The Trustees of the Solutia UK pension scheme have appointed Frank Russell Company as the sole investment manager for its £35m( e55.4m) pension scheme. The global equity and fixed income assets will be spread across Russell’s full range of multi-manager funds.
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News
Danske Capital receives GIPS compliance
DENMARK - Danske Capital, the asset management arm of Danske Bank, has announced it has received compliance with the Global Investment Performance Standards (GIPS).
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Bristol opts for manager of manager approach
UK- The University of Bristol has put out to tender a manager of managers (MoM) mandate for its £100m (e158m) pension fund. The scheme is currently managed by Barclays Global Investors and Merrill Lynch IM.
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News
UK DB closures have already cost members e1.27bn
UK- UK pension fund members have missed out on up to £800m (e1.27bn) of benefits as a result of final salary schemes winding up inefficiently, according to actuarial consultants HighamNobbs.
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News
ABP subsidiary launches global SRI fund
NETHERLANDS- Dutch fund manager Loyalis, a subsidiary of ABP, is launching a global SRI fund which will be open to pension funds worldwide. ABP is the first pension fund to participate.
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News
Opra reconsiders role of pensions whistleblowers
UK- The Occupational Pensions Regulatory Authority (Opra) is reviewing its guidance for auditors and actuaries as whistleblowers, with the aim of reducing the high number of reports on minor breaches, and enabling it to concentrate on other areas.
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News
ING launches new pension fund in Russia
RUSSIA- ING has announced the launch of its Non-State Pension Fund ING in Russia, a voluntary pension fund for corporate clients. ING maintains it is the country’s first non-state pension scheme.
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News
Bellas joins Mercers as multinational specialist
UK- Mercer Human Resource Consulting has appointed Eladio Bellas as a consultant in its London offices in a role that will see him advise a portfolio of multinational clients on their global employee benefit strategies.
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News
DB fund members need protection says UK minister
UK- Work and pensions secretary Andrew Smith has said any changes in pensions legislation in the government’s imminent Green Paper must protect existing employees in the case of a scheme being wound up.
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News
Consultants back multi manager approach
UK- UK consultants believe that the multi-manager approach to investment will attract significant pension fund assets over the next five years, according to research carried out on the behalf of AIMMI, the Association for Institutional Multi-Manager Investing.
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News
State Street wins e14bn custody from Alberta
CANADA- Alberta Revenue, manager of the Province of Alberta’s CAD$35bn investments for public pension plans and provincial corporations, has appointed State Street to provide domestic custody and securities lending for CAD$22bn (e14.3bn) in assets.
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News
Bayer appoints Watson Wyatt for consultancy advice
UK- The UK subsidiary of Germany’s Bayer has appointed Watson Wyatt to provide actuarial, investment and consultancy services to the company and to the trustees of its largest UK pension fund. Watson Wyatt replaces rival consultant Mercers.
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News
Managers more optimistic about equity prospects
GLOBAL- Fund managers are more optimistic about the prospects for the world equity markets than they have been for a year according to the latest Merrill Lynch fund manager survey.
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News
Good past performance ‘carries forward’ says IMA
UK - UK equity funds with top quartile past performance are more likely to perform well in the future, according to research commissioned by the Investment Management Association, (IMA).
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News
Shareholder voting rises smartly in UK
UK – There has been a sharp increase in voting among UK shareholders this year, along with a growing trend of dissention, Pensions Investment Research Consultants (PIRC) reports.
