Advisers – Page 169
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News
Watson Wyatt recruits ex-CEO of Old Mutual AM
UK- Consultant Watson Wyatt has appointed Kevin Carter, an ex-CEO and CIO of Old Mutual Asset Managers as a senior partner to its investment practice. While at Old Mutual he managed both UK and US operations.
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News
O'Connell to head new pensions research institute
UK- Former head of strategy at Swiss Re Alison O’Connell is to become the first director of the Pensions Policy Institute (PPI), a new group established to research pensions. The institute is a result of a 1998 report by the government’s Pension Provisions Group that recommended the creation of an ...
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News
Treasurers warm to outsourcing and online dealing
GLOBAL- Corporate treasurers are becoming much happier outsourcing their activities in an attempt to manage risk and control costs, according to the latest cash management survey by JPMorgan Fleming AM and the Association of Corporate Treasurers.
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News
Audit Commission reappoints Aon Consulting
UK – Aon Consulting has been re-appointed as actuarial and benefits consultant to the £290m (€473m) pension fund of the Audit Commission.
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News
European ETF assets grow 800% in 2001
GLOBAL- Assets invested in exchange traded funds listed on European exchanges grew more than 800% in 2001 to top $5.6bn (e6.3bn) according to research by Morgan Stanley. Recent figures show there are 71 ETFs with 92 listings on six European exchanges.
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News
Tayside opts for Northern Trust to provide custody
UK- Dundee city council’s £930m (e1.5bn) Tayside Superannuation Fund has selected Northern Trust from a shortlist of three candidates to provide custody and other securities services including securities lending, cash management, web-based reporting and other related securities services.
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News
Swiss Fund seeks additional managers for €2.4bn
SWITZERLAND – The SFr10bn (€6.8bn) Swiss Post Office pension fund is to begin searching for additional asset managers in March, having already selected UBS Asset Management, Credit Suisse Asset Management and Pictet to run various portfolios for the recently-created fund.
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News
Italian rail fund to begin manager search in March
ITALY – The Italian State Railways pension fund, Fondo Pensione Eurofer, will begin looking for managers for its €25m assets in March once it has received the regulatory approval from Covip, the Italian pension fund supervisory body.
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BGL gets go ahead for first of three ASSEPS
LUXEMBOURG- Banque Generale de Luxembourg (BGL) has launched an ASSEP for its Luxembourg-based senior managers after it received regulatory approval at the end of December.
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News
Managerselection buys out founder Felix Kottmann
SWITZERLAND- Managerselection.com, the Swiss-based data platform for pension funds, consultants and investment managers, has bought back all of founder Felix Kottmann’s shares following his resignation.
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News
British Vita picks Mercers for administration
UK – Consultant William M. Mercer has won the mandate to provide administration services to the main group pension funds of British Vita, the Manchester-based polymer technology specialist.
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News
PPM mis-sells shares for 11,000 members
SWEDEN- Faulty information supplied to Sweden’s PPM by the tax authorities and the country’s National Social Insurance Board (RVF) has led it to mis-sell shares totalling a maximum of e600,000 for more that 11,000 scheme members.
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News
AP7 alternative manager search enters final stage
SWEDEN- The e2.3bn AP7 default fund’s search for private equity and hedge fund of fund investment managers enters the final stage next week when it begins interviewing a final shortlist of ten potential candidates.
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News
A.G. Bisset wins Firemen's overlay mandate
US/EUROPE – US currency overlay specialist A.G. Bisset & Company, has won a mandate to actively manage the currency exposure of $85m in EAFE invested equity portfolios for the $1.3bn Firemen’s Annuity and Benefit Fund of Chicago....
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Features
RTP's pension programme
Towers Perrin and Rauser, a major German retirement benefits consultancy firm, have established Rauser Towers Perrin, a new joint venture company that aims to assist companies across Germany in the implementation and administration of their pension programmes. Based in Reutlingen, the idea to establish the new company comes in the ...
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Features
International operators gear up
Across Europe consultants have fared very differently in the past year. Common to almost every country are many similar themes- the shift from DB to DC, companies appreciating the potential risks of their schemes, the question of how to react to falling stock markets and dwindling state provision- and above ...
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Features
US fiduciary outsourcing gains ground
Downsizing, spin-offs, changes in management: many reasons can lead a company to decide to outsource the complete management of their pension plans. An increasing number of US companies are following this path, but it is difficult to assess the size of the “fiduciary outsourcing” business in the US, because the ...
