All articles by Carolyn Bandel – Page 13
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Wednesday people roundup
[15:30 CEST 01-10] GLOBAL: People roundup - Watson Wyatt, Corestate Capital, TKPI, Swisscanto, Kas Bank, Union Investment, HACL, Invesco Perpetual, MSIM, Aberdeen, Mercer, AXA IM, BNY Mellon Asset Management, LaSalle IM, Stoxx.
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Ping An and Fortis: the deal is off
[15:15 CEST 01-10] NETHERLANDS/ BELGIUM – Partially-nationalised bancassurer Fortis has announced the €2.15bn deal to sell half of its asset management business to Chinese insurer Ping An is unlikely to be completed.
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Fortis' Artemis sees management buyout as 'option'
[13:00 CEST 01-10] UK – London-based investment manager Artemis Asset Management today said a buyout by its management could be an option for the future of the company, after Fortis announced it has increased its equity interest to become the sole shareholder.
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JP Morgan gets third chunk of buyout market (amended)
[16:55 CEST 30-09] UK – Investment bank JP Morgan Chase has today confirmed it has signed a third deal allowing it to buy into the buyout market.
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Dexia denies asset management sale
[16:50 CEST 30-09] BELGIUM – Belgian-French bank Dexia today categorically denied it would sell a part of its asset management business to raise more capital, though admitted expansion plans have been suspended.
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WWF report criticizes Norway’s oil fund on SRI
[16:35 CEST 30-09] NORWAY – The World Wildlife Fund (WWF) has accused Norway’s Government Pension Fund – Global (NGPFG) of lagging significantly behind other pension funds in its application of socially-responsible investment (SRI) practices.
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TPR could be 'stumbling block' to M&A
[17:05 CEST 29-09] UK – The UK Pension Regulator (TPR) should take a long-term view on pension funds before curtailing corporate activity by intervening in takeovers where pensions-related issues arise, consultancy firm Aon has warned.
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Re-assess risk management now
[17:00 CEST 29-09] EUROPE – Towers Perrin has warned companies ned to make re-assessing the risk management actions of their corporate pension fund a top priority, in their bid to weather the current market turmoil.
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Strathclyde and E.On next to suspend stock lending
[16:55 CEST 29-09] UK – The £9bn Strathclyde pension fund, one of the largest local authority pension funds, and the £5bn E.On scheme have suspended stock lending on all shares.
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Investment arm untouched by Fortis rescue
[14:15 CEST 29-09] EUROPE – Fortis Investments is 'unharmed' by the €11.2bn rescue action from the Benelux governments today, though the Belgian-Dutch bankassurer is still waiting for a €2.15bn cash injection from Chinese insurer Ping An.
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NewsCredit crunch eats up Publica reserves
[17:20 CEST 26-09] SWITZERLAND – Publica, the Swiss pension fund for federal employees, saw its CHF32.5bn (€20.5bn) assets decline by almost 5% in the first half of this year, forcing the scheme to tap further into its reserves.
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Dutch institutions shun indirect real estate
[17:15 CEST 26-09] NETHERLANDS – Dutch institutional investments in indirect real estate declined by 17% last year in favour of a growth in direct real estate portfolios, a new report claims.
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NewsGet buyout quotes asap – Vassiliades
[17:00 CEST 26-09] UK – Danny Vassiliades, head of corporate advice at Punter Southall, has warned pension funds who are considering a buyout to de-risk their scheme should get a quote as soon as possible.
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PADA’s Jones urges employers to use personal pccounts
[17:10 CEST 25-09] UK – Tim Jones, the chief executive of the Personal Accounts Delivery Authority (PADA), today urged employers to use the government’s Personal Accounts alongside auto-enrolment when they are introduced in 2012.
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Credit crunch pushes liability hedging, despite Lehman
[17:05 CEST 25-09] UK – UK pension funds are increasingly looking into liability hedging structures, despite the collapse of several banks acting as counterparty, according to Mark Davies, investment director at P-Solve.
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Dutch fund seeks fund of hedge funds
[17:00 CEST 25-09] NETHERLANDS – A Dutch pension fund is looking for manager to manage a €10m global fund of hedge funds mandate, using IPE-Quest.
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PGGM ceases stock lending of foreign financials
[15:25 CEST 24-09] NETHERLANDS – Dutch asset manager PGGM has stopped lending securities of all foreign financial institutions, IPE has learnt, following increased Dutch criticism of the practice of stock lending.
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£1.3bn Thales fund appoints Cardano
[16:20 CEST 24-09] UK – The £1.3bn (€1.64bn) UK corporate pension fund of French defence electronics company Thales has appointed Dutch Cardano consultancy’s London operation to act as its investment adviser.
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Eternal sunshine for the spotless hedge fund
[16:00 CEST 24-09] GLOBAL – Rudolf Hagendijk, chief executive of Dutch pension service provider Mn Services, has called for more rigorous self-regulation of private equity houses and hedge funds so pension funds can work with them “with a clear conscience”.
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Wednesday people roundup
[15:20 CEST 24-09] GLOBAL – Wednesday people up: APG, SAM, Metzler Asset Management, CB Richard Ellis Investors, Watson Wyatt, Schroders, Close Investments, T. Rowe Price, Mesirow Financial.
