All articles by Barbara Ottawa – Page 118
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Pensions lawyer says concerns over ECJ ruling ‘over the top’
UK – The current concern caused by an imminent European Courts of Justice (ECJ) ruling on government pension protection liabilities is “over the top”, a pension lawyer tells IPE.
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NBIM on recruitment trail for range of positions
NORWAY – In a major move to strengthen its team Norges Bank Investment Management (NBIM) is recruiting around 10 people in various departments.
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Muysken quits Mercer for hedge fund role
UK – After 14 years, Bill Muysken, gobal head of research at Mercer Investment Consulting is leaving to join the London-based hedge fund multi-manager Thames River Capital.
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Former pensions regulator joins board of major bank
IRELAND – Anne Maher, former CEO of The Pensions Board, the Irish pensions regulator, is one of three new appointments to the board of the Allied Irish Banks (AIB), one of the country’s major banking groups.
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Former LPFA CEO Scales to receive OBE
UK – Peter Scales, former CEO of the London Pensions Fund Authority (LPFA), will be honoured with the Order of the British Empire (OBE) for his services to local government after a 41 year career in local government finance.
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Watson Wyatt urges funds to put governance first
UK – Half of UK pension funds governance arrangements do not match investment strategies, consultants Watson Wyatt found in a new survey. It urged pension funds to address this issue to avoid “destruction of value”.
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Austria’s ÖPAG to take first steps cross border
AUSTRIA – ÖPAG, one of Austria’s multi-employer pension funds, will offer pensions in other EU member states.
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IPE-QUEST: Danish institutions looking for hedge manager
EUROPE – A small number of Danish institutional investors is looking for a global multi-strategy hedge fund of fund manager for a mandate in excess of €25m using IPE-QUEST (QN 689).
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Engineers tap DC link for pension admin
UK – The Engineering Employers’ Federation Staff Pension Fund (EEF) has appointed DC Link as third-party pension administrator for its multi-employer DC plan.
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Dutch bank takes 69% voting rights in Sarasin
SWITZERLAND – Rotterdam-based Rabobank has increased its stake in the Swiss bank, Sarasin from 16% to 46% and is now holding almost 69% of the voting rights.
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Denmark tops European pension poll
EUROPE – Denmark has Europe’s healthiest pension system, followed by Estonia and Ireland, according to Aon Consulting’s European Pensions Barometer.
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IPE-QUEST: €190m US equities mandate from Danish fund
EUROPE – In the latest search on IPE-QUEST (QN688) a Danish pension fund is looking to appoint a $250m (€192m) US large cap equity manager.
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Norges Bank looking to hire custody specialist
NORWAY – Norges Bank Investment Management (NBIM) is looking to appoint a new investment operations administrator on the equities team.
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€1.2bn Southwark pension fund in portfolio overhaul
UK – The £780m (€1.2bn) Southwark pension fund has appointed Alliance Bernstein and Newton Investment Management as complementary global equity managers. This is part of a major overhaul of the fund’s investment structure.
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IPE-Quest: Japan equity, infrastructure, and EM bonds
EUROPE – Three new searches have been filed on IPE-Quest. A German investment consultant is seeking to award a $100m (€76m) global infrastructure mandate (QN684). A European industry-wide pension fund is looking to award a $200m Equity Large Cap Core Japan mandate (QN685) and in QN 686, a continental European ...
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Danish pension fund in high yield manager search
DENMARK – The DKK 22.9bn (€3bn) Danish Teachers' Pension and Life (Lærernes Pension) pension fund is looking for a US high yield manager via IPE-Quest for a mandate in excess of DKK 285m.
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Frijns steps down as Kempen board member
NETHERLANDS – Jean Frijns, former head of investments at ABP, has stepped down as member of the supervisory board at the Dutch bank Kempen. Following Kempen’s takeover by Van Lanschot, the whole board resigned at the end of 2006.
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Irish pension managed funds returned 13% in 2006
IRELAND – Irish pension managed funds had an average return of 13% in 2006. This is eight percentage points less than in 2005.
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Hewitt wins €1bn advisory mandate with Arriva
UK – Hewitt Associates has been appointed global corporate employee benefits adviser to the Arriva group’s pension schemes worth around £750m (€1.1bn).
