All articles by Carolyn Bandel – Page 31
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Ethos halts court action as UBS gives in
SWITZERLAND – UBS has agreed to publish details of an inquiry into its losses linked to the subprime, revising its earlier position following increased pressure from pension-fund owned Ethos.
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SNS’ sustainability approach drives growth
[13:00 CET 17-03] NETHERLANDS – The asset management arm of Dutch bank SNS saw its assets under management (AuM) climb 15.2% to €18.9bn in 2007.
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State Street sees German slowdown
[16:10 CET 14-03] GERMANY – US asset management company State Street Global Advisors (SSGA) saw its assets under management in Germany and Austria grow by €800m last year.
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'Tackle weak links' – Ambachtsheer
[15:00 CET 14-03] GLOBAL – Tackling weak links such as herding and poor integration across key functions could help pension funds prevent falling trap to further ‘predictable surprises’, according to pension expert Keith Ambachtsheer.
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'Lacking conventions' limits Swedish SRI practice
[16:30 CET 13-03] SWEDEN – The Swedish government’s observer status in international conventions to stop the production of arms such as cluster bombs hinders the AP buffer funds from excluding companies linked to such arms production from their portfolio.
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DNB changes reporting rules
[15:30 CET 13-03] NETHERLANDS – The Dutch central bank, DNB today has said it will change the financial reporting standards for institutional investors, such as asset managers and pension funds from next year.
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APG names new senior adviser
[13:30 CET 13-03] NETHERLANDS – APG, the newly-established separate administration body of the giant Dutch ABP pension scheme, has today announced the appointment of Herman Hintzen as senior adviser.
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Swiss custodians beat the big boys
GLOBAL – Swiss global custody services providers have come out on top in the latest global custody survey conducted by R&M Consultants.
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Wednesday people roundup
[14:45 CET 12-03] GLOBAL people roundup – ING IM, CAAM, Mercer, Sentinel, MSIM, Watson Wyatt, Hewitt, Threadneedle, LGIM, HACL, State Street Corporation, CBRE, Toscafund, Rowanmoor.
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Underperformance hits profits at Fortis Investments
[11:30 CET 11-03] FRANCE – Fortis Investments has seen its net profit fall to €25m in the fourth quarter of 2007, down 19% compared to the previous quarter.
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O2 pension fund taps BoNY Mellon (amended)
[16:40 CET 10-03] UK – The O2 pension scheme has tapped the Bank of New York Mellon to provide global custody, investment accounting, cash management, securities lending and performance measurement services for assets valued at €1bn.
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NewsAegon splits alpha from beta
[16:15 CET 10-03] NETHERLANDS – The asset management arm of Dutch insurer Aegon has today announced its Dutch business will separate the European and Asian share portfolios into an alpha en a beta part.
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NewsGerman CTA shows appetite for debt
[15:45 CET 10-03] GERMANY – A German corporate pension fund is looking for managers for a total of €200m in debt mandates, using IPE Quest.
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Philips fund ups real estate sale as experts mull liability
[15:30 CET 10-03] NETHERLANDS – The €14.6bn Dutch pension fund of electronics giant Philips has further dismantled its real estate portfolio, a process initiated following an investigation started into the alleged realty fraud within the fund.
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NewsM&S to 'pre-fund' scheme with more property
[16:30 CET 07-03] UK – British retailer Marks & Spencer (M&S) today announced it will top up its property-backed partnership with its own £5.2bn UK pension fund with another £400m (€523m).
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NewsPension boycott of Aegon over Optas (Update)
[15:00 CET 07-03] NETHERLANDS – FNV Bondgenoten, the largest Dutch union, is refusing to place any new deals with insurer Aegon, as it believes it has shown a “very unreliable” attitude in the Optas case.
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NewsIPE-QUEST: global commodities mandate
[13:10 CET 07-03] EUROPE – A continental European pension fund is looking for managers for a $50m (€32.6m) global commodities mandate, using IPE Quest.
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Kåpan eyes more real estate after bad year
[14:45 CET 06-03] SWEDEN – The SEK32.7bn (€3.5bn) Kåpan Pensioner scheme for government employees booked a return of 2.1% for 2007, following which it plans to increase its allocation to real estate to 10%.
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Henderson moves into trouble-shooting
[13:00 CET 06-03] UK – Henderson Global Investors has announced the launch of a Pan-European 'active engagement' fund, to invest in what it describes as the recovery of wilting companies.
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AMF Pension condemns Scania deal
[12:00 CET 06-03] SWEDEN – Sweden’s largest fund company AMF Pension has contacted fellow small shareholders to demand a review of Swedish takeover rules.
