All articles by Barbara Ottawa – Page 123
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News
Eurosif head of research Tagger leaves
EUROPE – Jerome Tagger, head of research at the European Social Investment Forum (Eurosif), has left and won’t be directly replaced.
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News
Complementa consultant Frei to leave
SWITZERLAND – Michael Frei, investment controller at Swiss pension consultant Complementa Investment-Controlling, is to leave the company on December 20, it was confirmed.
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News
Storebrand boosted by Norway’s pension regulations
NORWAY – Following the introduction of mandatory group pension schemes in Norway earlier this year financial group Storebrand could secure 7,200 new mandatory occupational pension schemes, 3,350 of them in the third quarter.
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News
Furlonger joins Aon for new EU consulting practice
EUROPE – Geoffrey Furlonger, who joined Aon Consulting Worldwide from Lombard International Assurance last month, will now head the new EU practice in Belgium.
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Features
Return of the absolute
Swedish managers are coming to terms with the new environment. Barbara Ottawa reports
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News
Hampshire tenders advice on alternatives
UK – The £2.5bn (€3.7bn) Hampshire County Council Pension Fund is seeking advice on alternative investments. The tender follows an overhaul of the fund’s management structure from multi-asset to specialist mandates.
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News
UK and Irish pooled pension funds recover from Q2
EUROPE – UK pooled pension funds returned 3% on average after posting negative returns of 4.1% earlier this year. In Ireland, the median return of pooled pension funds in the third quarter was 5.4%.
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News
FRR re-awards transition broking brief
FRANCE – The €29.1bn, Fonds de Reserve pour les Retraites, the French Pension Reserve Fund, has re-awarded a transition broker contract to Goldman Sachs International.
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News
Durham shakes up £1.3bn council pension fund portfolio
UK – The £1.3bn (€1.9bn) Durham County Council pension fund is set for a complete overhaul of the fund’s investments in an attempt to address the £321m fund deficit. The mandates tendered see a stronger emphasis on bond exposure.
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News
NPRF records strong positive 6.9% return in 2006
IRELAND – The €17.6bn Irish National Pensions Reserve Fund reported positive investment returns both for the third quarter (5.5%) and over the last 10 months (6.9%) after negative returns (-3.8%) in the second quarter.
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News
Audit Commission says London pension fund admin too expensive
UK – “The average administration cost per London council scheme member is £126 (€188) compared to only £44 for metropolitan council funds,” the Audit Commission finds in its study on London council pension funds.
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News
TFR transfer agreement could be €5bn boost to Italian pension funds
ITALY - A compromise reached in Italy will see approximately one third of the €19bn expected yearly in severance payments (TFR) being transferred into private pension funds, one third going into a state pension fund (INPS) and one third staying with small companies, the government estimates.
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News
Pensions buy-out player Paternoster signs first deals
UK – The newly established pension fund buyout company Paternoster has signed its first five deals, a spokeswoman confirmed to IPE. However, no details were given.
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News
Irish fund servicing industry reaches $1.2trn
IRELAND – Over $1.2trn (€955bn) in funds were serviced in Ireland as at 30 June 2006. The industry grew 28% over the last year, according to Lipper Fitzrovia’s 12th annual Dublin Fund Encyclopedia.
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News
€30bn London fund merger proposed
UK – A new report will suggest merging London pension schemes into one or two funds with a combined value of approximately £20bn (€30bn), according to a newswire report.
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News
RBC Dexia Europe chief exits over strategy
LUXEMBOURG – Michel Malpas, chief executive of RBC Dexia investor Services, the joint venture’s primary operating arm in Europe, has left the company.
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News
Hampshire appoints seven new managers, looks into hedge funds
UK – The £2.5bn (€3.7bn) Hampshire County Council Pension Fund has completely overhauled its management structure. In a move from multi-asset to specialist managers it has re-appointed three of the old managers and awarded mandates to seven new managers.
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News
ABP to increase hedge fund exposure
NETHERLANDS – The €200bn ABP pension fund of the Dutch civil servants will further raise its exposure to hedge funds in the future, Edwina Neal, CIO of equities at ABP, said at the Hedge 2006 conference in London. No details were disclosed but the exposure “will rise” she confirmed to ...
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News
Fund managers now using cash - Merrill survey
GLOBAL - Investors are putting their cash back to work, following the 25% fall in the oil price, said Merrill Lynch’s David Bowers when presenting the findings of the firm’s October fund manager survey.
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News
Put third of assets into hedge funds, Myners says
GLOBAL – The average pension fund should invest 25%-35% of its assets in hedge funds, says Paul Myners, the former Gartmore chief who wrote an influential report on institutional investment for the government.