Advisers – Page 158
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News
Hewitt signs agreement with Benefit Network
NORDIC- The joint venture between the consultants Hewitt and Swedish consultant Loneanalyser has signed an alliance with the Norwegian consultant Benefit Network in a bid to offer more comprehensive consulting services in the Nordic region.
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News
Assets of top 300 pension funds fell 12% in 2001
GLOBAL- Assets held by the world’s largest 300 pension funds fell by 12% according to research by consultant Watson Wyatt and Pensions & Investments.
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News
Schroders sells pensions group to Alexander Forbes
UK- South African financial services group Alexander Forbes and its consultant subsidiary Lane Clark & Peacock have announced they are to buy the Schroder Pensions Group, which administers defined contribution schemes, for £22.5m.
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News
Management fees in Europe set to fall
EUROPE- Average gross fees are expected to decline across Europe’s asset management industry at a rate of 2% a year over the next four years, according to consultant Oliver, Wyman and Company and UBS Warburg.
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News
Russell/Mellon CAPS adds to client relations team
UK- Russell/Mellon CAPS has beefed up its client relations team with the appointment of Anthony Stevens. Stevens reports to business development manager Allison Langley and will work primarily with CAPS’ asset manager clients.
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News
Swedish fund dumps Nordea & Carlson for Lindstrom
SWEDEN- Swedish consultant Bohman & Lindstrom has signed its first client since branching out into portfolio management and will run Sek4.5bn (e490m) for the Swedish church insurance association, the pension fund for employees of the church.
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News
Funds to drive asset growth of 8% in Europe
EUROPE - Europe’s investment funds are driving growth in a shrinking global fund management industry, says Cerulli Associates, a London and Boston-based research and consulting firm.
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News
S&P appoints Canadell to push European drive
EUROPE - Standard & Poor’s has appointed Eudald Canadell as its new managing director for S&P’s Index Services Europe. The appointment coincides with the opening of new European headquarters in Paris, which marks a push into Europe for the index provider.
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News
European investment fund market drops 6.7% in Q2
EUROPE- Combined assets of the Europe’s investment fund market fell 6.7% during the second quarter of this year, resulting in a 2.9% decline for the first half, according to FEFSI, the pan-European federation of investment managers associations and companies.
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News
UBS hires Housden as client relationship manager
UK- UBS Global Asset Management has appointed Merrill Lynch’s Michael Housden as a managing director within the client portfolio management team, a role that makes him responsible for developing and maintaining client relationships in the UK and overseas.
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News
Commerz's merged AM division opens for business
GERMANY- Commerzbank’s merged asset management division has begun operating under the name of COMINVEST Asset Management.
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News
ING outsources equity clearance to BoNY
GLOBAL- ING is to outsource its international cash equities clearance and settlements in London, New York, Hong Kong and Singapore to the Bank of New York in what is Europe’s largest broker-dealer outsourcing transaction.
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News
AIMA publishes hedge fund industry guide
EUROPE- AIMA, the Alternative Investment Management Association, and European hedge fund industry participants, led by Goldman Sachs, have published a guide advising Europe’s hedge fund managers how to adopt sound business practices and reduce the risks of costly mistakes.
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Features
Still signs of life
The fund management industry in Switzerland continues to be one of the most dynamic markets in Europe, despite growth of assets slowing down. According to figures published by the Swiss Fund Association (SFA), the country’s fund market didn’t attract significant inflows during last year, even though the number of new ...
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News
Occupational membership in the UK falls
UK- The number of employees belonging to occupational pension schemes in the UK is falling, according to the preliminary results of survey published by the Government Actuary’s Department (GAD).
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News
Chemie picks Ecofin for ALM and manager selection
GERMANY- Chemie Pensionsfonds, administered by HVB, has appointed Ecofin to carry out a full asset and liability study, and to assist in the selection of external asset managers.
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News
FSA fines Royal & SunAlliance e2.1m
UK- The UK’s Financial Services Authority has fined certain life insurance companies within the Royal & SunAlliance group £1.35m (e2.11m) for missing deadlines and failing to introduce recommendations made by the Personal Investment Authority in its pensions review.
