Advisers – Page 182
-
News
Sector funds pool DKr1.5bn with T. Rowe Price
DENMARK – Three sector-wide Danish pension funds have pooled assets and appointed US investment manager T. Rowe Price to run a DKr1.5bn (e201m) global high-yield bond brief....
-
News
Delays expected on European pensions directive
EUROPE – The European directive on supplementary pensions may not be ratified by the Parliament until the end of the summer, following a delay in the adoption of the Karas report in the European Monetary Affairs Committee (EMAC)....
-
News
DC benefits may 'unpleasantly surprise' members
UK – Contributions to defined contribution (DC) plans are inadequate to provide acceptable income levels in retirement, according to a survey by consultants William M Mercer....
-
News
Aberdeen buys Swedish property outfit Celexa
UK/SWEDEN – Swedish pension insurance company Alecta (formerly SPP) is selling its property management firm, Celexa Group, to Aberdeen Asset Management....
-
News
UK MPs choose BoNY for custody
UK – The Parliamentary Contributory Pension Fund, the retirement scheme for UK members of parliament (MPs), has appointed The Bank of New York to provide investment accounting and global custody services to its £300m (e487m) assets….
-
News
European insurance body appoints chief executive
EUROPE - Daniel Schanté has been appointed secretary general and chief executive of the Comité Européen des Assurances, the European insurance federation representing 29 national insurance associations. Plus all the week's major people moves....
-
News
Norwegian authority tenders for NOK800m mandate
NORWAY - The local authority of Larvik has sold its shares in power companies Lardal og Larvik Everk and Vestfold Kraft in order to invest NOK800m (e99m) in the market and is now looking to outsource its domestic investments….
-
News
Hedge funds make five star offshore fund rating
UK – Only two offshore funds have received a five-star rating from independent investment consultant Global Fund Analysis (GFA), with many funds plummeting down the ratings as a result of the technology stock blow-out....
-
News
Hendersons appoints business development director
UK – Michael Cox has been appointed director of business development at Henderson Global Investors....
-
News
Sweden's AP7 hires Goldman Sachs and Carlson
SWEDEN – The SEK14bn national PPM default fund Sjunde AP-fonden (AP7) has finalised its external investment manager line-up by appointing Goldman Sachs Asset Management to an e100m active European equity mandate and Carlson Investment Management to a SEK800m (e88.7m) active Swedish equity brief....
-
News
Watson Wyatt appoints new head of research
UK – Consultant Watson Wyatt has appointed noted academic Michael Orszag to a new role within the group as head of research...
-
News
UK LPI bond market has £100bn pensions potential
UK – The corporate limited price indexation (LPI) bond market in the UK has the potential to grow to around £100bn (e161bn) as pension funds seek investments to match their inflation-linked liabilities, according to consultant Watson Wyatt....
-
News
Fidelity takes advisor path to German institutions
GERMANY – Fidelity Investment Services is to beef up its institutional investment presence in Germany and Austria by growing its advisory business through its Frankfurt office, according to recently appointed director of institutional business, Olaf John....
-
News
Clerical Medical gets £100m Isle of Man leg up
UK – The Isle of Man Treasury has appointed Clerical Medical Investment, part of the Halifax Group, to manage a £100m (e160m) active balanced mandate...
-
News
Russell bags £13m Mayborn multi-manager brief
UK – The £13m (e21m) retirement benefits plan of baby and household products manufacturer Mayborn Group has appointed Frank Russell Company to manage its entire pension fund through the group’s multi-manager platform....
-
News
Olaf John joins Fidelity as institutional director
GERMANY/UK - Olaf John, the former director of European institutional business at Barclays Global Investors (BGI) has returned to Frankfurt to join Fidelity Investment Services as director of institutional business...
-
News
McAlpine fund builds with Blackrock and Attica
UK – The £240m (e384m) Chester based pension plan of construction firm Alfred McAlpine has appointed multi-manager Attica Asset Management to manage £15m in Japan and Far East ex-Japan portfolios. Edinburgh based Blackrock also scooped £20m in a pan-European equity mandate as part of the scheme’s investment review.
-
News
Swiss funds beat benchmarks for 2000
SWITZERLAND - Swiss pension funds in the ASIP/Watson Wyatt performance universe managed to outperform two of their three performance benchmarks in 2000….
-
News
Zurich Scudder appoints new European strategy head
Colin Robertson has been appointed as European head of global strategy at Zurich Scudder Investments...
-
News
Heads of Denmark's two largest funds to step down
DENMARK - Bent Nyløkke Jørgensen, administrative director at Denmark’s second largest pension scheme the Dkr60bn (e8bn) PKA fund for public, social and health workers, has announced that he wants to step down by the end of the year after 19 years with the group.
