All articles by Carolyn Bandel – Page 17
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Wednesday people roundup
[15:45 CEST 20-08] People roundup: GLOBAL – SPP, Governance for Owners, DNB, Invesco Perpetual, ABI, RCM, CFA Institute, Xafinity Consulting.
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Scandinavian investor seeks Asian equity manager
[15:45 CEST 19-08] SCANDINAVIA – A Scandinavian institutional investor is conducting a manager search for a $70m (€48m) Asian equity mandate, using IPE Quest.
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PGGM begins push for fund's clients
[16:15 CEST 18-08] NETHERLANDS – PGGM, the asset manager of the giant Dutch health care pension fund PFZW, today announced it is to begin marketing saving products directly to its pension fund’s client base.
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Pension demands kill Woolworths takeover bid
[15:45 CEST 18-08] UK – Woolworths Group today stated requirements related to its pension liabilities was one of the key reasons it has rejected a takeover offer by frozen foods chain Iceland Foods for its retail division.
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Dutch SCA funds go fiduciary
[14:30 CEST 18-08] NETHERLANDS – Two Dutch corporate pension funds of global consumer goods and paper company SCA with combineds assets of €360m have chosen asset manager Mn Services as its fiduciary manager.
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Sources confirm Tesco/USS real estate deal
[13:35 CEST 18-08] UK – Sources have confirmed the £30bn (€38bn) Universities Superannuation Scheme (USS), the second-largest pension scheme in the UK, is set to purchase a number of UK supermarket chain Tesco’s largest stores.
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€2.8b Horeca fund seeks new director
[16:50 CEST 15-08] NETHERLANDS – Horeca, the €2.8bn industry-wide pension fund for the Dutch hotel, restaurant, cafe and catering industry today said it is looking for a new managing director, following the resignation of Eric Uijen.
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tPR suspends first independent trustee
[16:40 CEST 15-08] UK – The UK’s Pensions Regulator (tPR) has for the first time used its powers to suspend an independent trustee over concerns about the way some of the schemes the trustee administered were being run.
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NIBC continues to suffer
[16:35 CEST 15-08] NETHERLANDS – The unlisted Dutch business bank NIBC saw its profits drop in the first half year of 2008 drop by a further 17% to €110m, ascribing the continuous drop to 'challenging' market circumstances.
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Industry-wide fund seeks currency manager
[16:25 CEST 15-08] EUROPE – A European industry-wide pension fund is looking to award a $30m (€20.4m) global alpha currency mandate and is seeking a manager via IPE Quest.
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Private equity caught in 'transition' in H2
[16:00 CEST 14-08] EUROPE – In the second half of this year the buyout market will be caught in a transition period and the private debt sector will see a correction, Swiss alternative asset manager Partners Group has predicted.
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Failure scores are no measure to go by - Aon
[13:30 CEST 14-08] UK – Trustees should not let improving insolvency measures lead them into a false sense of security, as worsening economic conditions are still increasing the likelihood of insolvency, Aon Consulting warned today.
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US giant huddles up to London
[16:35 CEST 13-08] UK – Mark Wood, managing director of US pension fund giant TIAA-CREF’s global real estate business, has revealed the newly-launched London office is an attempt to “make sure we are as close to the market as we can be.”
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Operational change at €5.9bn German church fund
GERMANY – The €5.9bn German pension fund for church employees in Rhineland and Westphalia has announced it will restructure its investment operations, while pushing for more alternatives and diversity through indirect real estate.
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Wednesday people roundup
[15:45 CEST 13-08] GLOBAL - People roundup: Russell, Baring, Mercer, Schroders, LCP, Sacker & Partners, Royal London, Hewitt, Hermes, Xafinity Claybrook.
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Corporates 'overpay' nervous trustees
[17:00 CEST 12-08] UK – "Nervous" corporate pension scheme trustees and actuaries should not demand more cash injections from their corporate sponsor amid the market turmoil as companies are already pay too much, according to KPMG.
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TIAA-CREF hunts real estate via London office
[16:00 CEST 12-08] US/UK – The New York-based Teachers Insurance and Annuities Association-College Retirement Equities Fund (TIAA-CREF), the second-largest retirement plan in the US with assets of $420bn (€281bn), has launched its first overseas office in London.
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IAPF warns against semi-state pension change
[16:55 CEST 11-08] IRELAND – The Irish Association of Pension Funds (IAPF) has today branded plans by the Irish government to guarantee pension liabilities of a number of semi-state bodies as short-sighted.
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'Too early for Fortis EGM', say funds (Update)
[16:40 CEST 11-08] NETHERLANDS – A number of large Dutch pension fund and pension fund providers have stamped a unanimous 'no' against shareholder organisations VEB’s call for an extraordinary general meeting (EGM) of Fortis’ shareholders.
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£550m Enfield fund reappoints custodian
[14:45 CEST 11-08] UK – The London Borough of Enfield has reappointed State Street to deliver custody arrangements for its £550m (€700m) pension fund.
