Advisers – Page 176
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Features
How many managers?
Two arguments commonly used to promote multi management structures are one, that they give small schemes access to specialist managers and two, that by employing more managers, they are a good means of diversifying risk. These arguments rest on two assumptions though – firstly that specialists are special and secondly ...
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Features
AIMMI - forming a professional body
It’s only two short years ago that a stir was caused by a UK pension scheme holding an all multi-manager beauty parade. Here, for the first time in the UK, was a trustee body who had made the decision to use a manager of managers, and then set about finding ...
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News
Mercer poaches Phillips & Drew executive
UK/EUROPE - Piers Bertlin has been appointed as a senior investment Consultant and European Partner with William M. Mercer in London, in a move from UK investment manager Phillips & Drew.....
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News
Towers Perrin takes Newsquest actuary slot
UK – Regional publishing group Newsquest has appointed Towers Perrin as actuaries to its pension fund, which has over 4,000 members....
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News
Morley picks up £200m mixed bonds brief
UK - The £1.2bn (e1.9bn) pension fund of T&N, the UK subsidiary of the Federal-Mogul Corporation, has selected Morley Fund Management to manage a £200m bond mandate...
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Slater to head up Attica multi-manager marketing
UK – Attica Asset Management has appointed Nick Slater as its director of marketing and client service with responsibility for consultant relationships and marketing to clients of the group’s multi-manager division....
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Hoble to Mercer as UK human resources head
UK/EUROPE – William M. Mercer has appointed Mark Hoble to become its UK head of human resource operations and made him a European partner, following his departure from Ernst & Young, where he was head of HR consulting....
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News
Northern Trust wins SFr447m BAT Swiss fund mandate
SWITZERLAND - Northern Trust Global Investments (NTGI) has been awarded the mandate to manage the entire assets of the SFr447m ($270m) British American Tobacco (BAT) Swiss pension fund through its multi-manager structure....
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Mercer to buy SCA Consulting
Consultant William Mercer has announced an agreement in principle to acquire SCA Consulting - specialists in value management, performance measurement, and compensation consulting services.....
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Pilling to head up Morley pooled funds team
UK – Lyndsey Pilling has joined Morley Pooled Pensions as manager of the firm’s pooled funds team....
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News
Henderson and Merrill good for Environment Agency
UK – The UK Environment Agency has dropped Schroder Investment Management from a £430m mandate and in its place hired Henderson Global Investors to manage a £330m balanced mandate and boosted an existing Merrill Lynch brief by a further £100m...
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Punter Southall takes on HSBC banker as Principal
UK – Actuarial consultant Punter Southall has brought in John Howard-Smith, a former senior director at HSBC Investment Management to become a principal in the firm’s London office....
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Eurozone slowdown worsening, says Swiss Life
EUROZONE – The economic slowdown across euroland is worsening, according to Swiss Life Asset Management’s (UK) latest global economic summary.....
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News
Style labels may 'mislead' clients, says Barra
Style labels attached to fund management houses may be misleading clients by not appropriately differentiating between manager types, nor correctly assessing their performance, according to research in the US by strategic consultancy group Barra....
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PGGM fires up debate on Dutch Z-score system
NETHERLANDS – PGGM, the Zeist based NLG110bn (e50bn) Dutch superfund has publicly criticised aspects of the country’s Z-score system that tests the performance of industry-wide pension schemes, claiming that at worst it could lead to the disappearance of industry plans in Holland within thirty years.....
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News
Mercer buys out Austrian consultancy firm
AUSTRIA – Consultant William M. Mercer has acquired Vienna based Constantia Neuberger Bednar and Partner BesmbH (CNB), the Austrian employee benefits and retirement consulting company....
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News
Majority of firms will contribute to stakeholder
UK - The overwhelming majority of UK small and medium companies will make contributions to stakeholder pensions – despite any legal obligation to do so, according to UK employee benefits and corporate pensions consultancy firm, PIFC....