All articles by Barbara Ottawa – Page 113
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News
IPE-QUEST: Dutch fund seeks property manager
NETHERLANDS – An industrywide Dutch pension fund is looking for a manager for a €75m active pan-Europe core real estate portfolio using IPE-QUEST (QN727).
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News
£3.6bn London fund appoints new investment head
UK – The £3.6bn (€5.3bn) London Pensions Fund Authority (LPFA) has found a replacement for Suzanne Ross, the investment director who left last November just five weeks after joining.
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News
RBC Dexia wins satisfaction survey again
GLOBAL – RBC Dexia Investor Services has been ranked best global custodian for the third year running in the annual R&M Survey, based on client satisfaction with service.
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News
Marchettini sells Adelaide to Hewitt
ITALY – Adelaide Consulting, the executive remuneration adviser set up by Piero Marchettini and Claudio Pinna, has been sold to Hewitt for an undisclosed sum.
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AP3 cries freedom in private equity
SWEDEN – The SEK212.2bn (€23bn) Swedish buffer fund, AP3 wants more freedom to invest in private equity.
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IPE-QUEST: Danish fund in Japan search
DENMARK – A Danish pension fund is looking to appoint an active core large/all cap Japan equities manager using IPE-QUEST (QN722).
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JPMorgan wins Wellcome mandate
UK – JPMorgan Worldwide Security Services is to replace State Street as custodian for a £9.5bn (€14bn) mandate with the Wellcome Trust.
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News
Polish treasury stays tough in Eureko dispute
POLAND – The Polish treasury has told IPE that the state-held stake in the country’s largest insurer, PZU, will not be reduced until the ongoing conflict with Dutch shareholder Eureko is resolved.
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Czechs look for clarity on contributions
CZECH REPUBLIC – Pension providers will have to distinguish client contributions from fund assets if a new consensus between Czech parliamentary parties and industry representatives succeeds.
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United Nations to outsource $9bn US equities
GLOBAL – The $36.6bn (€27.7bn) United Nations Joint Staff Pension Fund (UNJSPF) has decided to outsource its $9bn US equities portfolio.
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AP3 seeks enhanced indexing manager
SWEDEN – The SEK212.2bn (€22.9bn) third Swedish buffer fund, AP3 is tendering for external mangers for global enhanced indexing.
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Features
USS restructures its custody arrangements
he UK’s £26bn (€38.5bn) Universities Superannuation Scheme (USS) has awarded ABN AMRO Mellon Global Securities Services a £5bn global custody, cash management and securities lending solutions mandate, while the fund re-appointed JPMorgan as custodian for £24bn of its assets. The move follows USS’s 2005 review of all its custody arrangements, ...
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News
West Sussex to up private equity holdings
UK – The £1.5bn (€2.2bn) West Sussex County Council pension fund is looking for additional private equity managers to achieve its 5% target allocation.
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Liabilities rise as equities and bond yields drop
EUROPE – Pension funds are facing a two-way hit as the current market correction co-incides with a fall in bond yields. But this is only a short-term problem, say pension funds.
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News
JPMorgan appointed custodian for Southwark fund
UK – The London Borough of Southwark has appointed JPMorgan as custodian for its £733m (€1.1bn) pension fund.
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News
Bulgarian pension funds shift to equities
BULGARIA – Pension insurance companies in Bulgaria are investing more in equities and corporate bonds than in government securities for the first time since the creation of the second pillar pension system in 2000.
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News
Ashmore reports 33% AUM rise
GLOBAL – The specialist top-down emerging markets asset manager Ashmore Group increased its assets under management by 33% in 2006, bringing the total to $26.8bn (€20.2bn) last year, when it was first listed on the London Stock Exchange.
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News
McCreevy rules out private equity regulation
EUROPE – The EU Commissioner for the internal market, Charlie McCreevy, has told the private equity industry that has ruled out additional EU regulations.
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News
Frijns and Watson advise €221 Norwegian government fund
NORWAY – Former ABP Investments CEO Jean Frijns and former Hermes CEO Tony Watson have been chosen by Norges Bank Investment Management (NBIM) for its investment advisory council, the bank stated today in its annual report.
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News
USS expands SRI team
UK – The £29bn (€43bn) Universities Superannuation Scheme (USS) has made two new hires to extend its responsible investment team.
