All articles by Daniel Brooksbank – Page 29
-
News
MetallRente joins enhanced analytics group
GERMANY – MetallRente, the €556m pension fund for Germany’s metalworking and engineering industries, has joined the Enhanced Analytics Initiative.
-
Features
UK pension industry split on national scheme
The UK’s pension industry appears split over the government’s proposed national pensions savings schemes. Investment providers have welcomed the idea but consulting firms have warned of higher costs and unintended consequences. The government White Paper, following up on the Pensions Commission proposals, said it would introduce a new low cost ...
-
Features
Global FX trading surges
Pension fund and asset manager activity in the global foreign exchange market grew 48% last year, according to consulting firm Greenwich Associates. “Average foreign exchange trading volumes among fund managers and pension funds increased almost 48% from 2004 to 2005,” the firm pointed out. “As a result of this growth, ...
-
Features
Swiss postal fund MD quits
Walter Kohler, managing director of Pensionskasse Post, a CHF12.2bn (e7.8bn) fund for Swiss postal employees, quit his post last month. Pensionskasse Post said Kohler’s resignation was prompted by “differences on future strategy” between him and the fund’s other executives. These executives include Yves-André Jeandupeux, who is president of Pensionskasse Post’s ...
-
Features
S&P and TSX develop gold index
Standard & Poor’s and Toronto Stock Exchange operator TSX have announced plans to create the first real-time global gold index. “Based in Canada, the new index will track key gold mining companies from around the globe,” they said. The new S&P/TSX Global Gold Index will be available by the end ...
-
Features
New index re-ignites fundamentals debate
The debate about the merits of so-called fundamental indices will be enlivened by claims that a new computer-driven ‘merit-based’ index – from boutique firm London & Capital – has consistently “trounced” the NASDAQ, S&P 500 and Dow Jones Industrial Average. Broadly speaking, fundamental indices only include companies with strong fundamentals ...
-
Features
Swiss schemes call for rules to be relaxed
Swiss occupational pension funds want investment regulations relaxed, according to a survey by Swisscanto Asset Management. “A large number of the pension institutions are in favour of a relaxation of the investment regulations,” Swisscanto said. The survey was conducted in association with ASIP, the Association of Swiss Pension Funds. It ...
-
Features
Railpen/JP Morgan custody relationship hits the buffers
The Railways Pension Trustee Company, which runs the £17bn (€25bn) industry-wide pension scheme for the UK railways, has axed JP Morgan as a global custodian in favour of ABN Amro Mellon. It has retained the Bank of New York - opting to continue with its two-custodian model. “Following a detailed ...
-
Features
FTSE research chief Beckley departs for Record
FTSE Group’s research and development director Carl Beckley is leaving the index provider after almost eight years to join Record Currency Management. “We are in the process of looking for a replacement both internally and externally and will be making an announcement on any replacement in due course,” a FTSE ...
-
Special Report
Big European funds back UN investment principles
Some of Europe’s largest pension funds have signed up to the United Nations’ new set of six responsible investment principles. Signatories to the Principles for Responsible Investment (PRI), launched at the New York Stock Exchange, include national pension funds in Norway, Ireland, France, Sweden as well as names such as ...
-
Features
Kvaerner Pension Fund in E145m settlement
A dispute over the £1.2bn Kvaerner Pension Fund in the UK has been settled with a total payout of £101m (€145m) over six years from TH Global, the former Kvaerner Plc. “In return for payments totalling £101m, TH Global and its subsidiaries will no longer be associated with the Kvaerner ...
-
News
SSGA names Owen as UK institutional sales head
UK - State Street Global Advisors has named Citigroup Asset Management's Richard Owen as head of institutional sales for the UK and Ireland.
-
News
DB buyout firm Paternoster hires from Hewitt
UK – Paternoster, the new UK defined benefit pension buyout firm, has hired Hewitt Associates’ principal consultant Cliff Speed.
-
News
USS mulls €8.7bn switch from equities – FT
UK – The Universities Superannuation Scheme is considering a £6bn (€8.7bn) shift out of equities into alternative assets such as private equity and infrastructure investments, according to a news report.
-
News
MLIM nabs Henderson institutional’s Davies
UK - Merrill Lynch Investment Managers has hired Henderson Global Investors client relationship head Gareth Davies.
-
News
UK regulator issues contingent asset guidance
UK – The Pensions Regulator today issued guidance on the use of contingent assets.
-
News
JP Morgan confirms hedge fund outsourcing deal
UK – JP Morgan has confirmed that it has made another hedge fund outsourcing agreement.
-
News
Lærernes Pension names three new managers
DENMARK - Lærernes Pension, the DKK20.1bn €2.7bn Danish teachers’ pension fund, has awarded mandates to Aberdeen Asset Management, MFS and Sydbank.
