All articles by Daniel Brooksbank – Page 43
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Features
Schemes warned of 'herd mentality'
European pension funds have been warned about a possible “herd mentality” developing in hedge funds. “There appear to be a lot of pension funds in Europe going into hedge funds because everybody else is,” said Penny Green, chief executive of the Superannuation Arrangements of the University of London. She told ...
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Features
State Street moving processing east?
State Street sees an opportunity to cut costs by moving some of its processing operations to eastern Europe, says chief executive Ron Logue. “We see eastern Europe as two different types of opportunity,” Logue told Bloomberg TV. “One is in terms of product manufacturing, processing at a lower factor cost ...
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Features
UK bonds meet robust demand
The Debt Management Office in the UK says its auction of long-dated government bonds has met a “robust result”. A DMO spokesman declined to speculate on the buyers. But he said: “It’s a fair bet they’ll find their way to the people you’d expect to be buying.” He cited statistics ...
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News
BT, Royal Mail pensioners back NPSS
UK – Members of the BT and Royal Mail pension funds are backing the Pension Commission’s proposal for a National Pensions Savings Scheme.
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News
MLIM-BlackRock deal a ‘wake-up call’
GLOBAL – The recently announced deal between BlackRock and Merrill Lynch Investment Managers – and the separate Citigroup/Legg Mason tie – represent a wake-up call to the global asset management industry, according to a new report.
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News
Hewitt launches specialist UK DC team
UK – Hewitt Associates has formed a new consulting team to provide retirement planning and investment strategy for defined contribution pension schemes.
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News
Pilkington trustees in takeover ‘understanding’
UK - Trustees of the roughly £1.5bn (€2.2bn) Pilkington Superannuation Scheme have reached an ‘understanding’ with new owner Nippon Sheet Glass regarding Pilkington’s obligations to the fund following its acquisition by NSG.
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News
TKP equities chief joins Dutch doctors
NETHERLANDS - Lex Ravensbergen, the former head of equities at Aegon Nederland’s TKP Investments, has been appointed as head of financial markets at Doctors Pension Funds Services.
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News
Lehman nabs Rubenstein for new pensions group
UK – Lehman Brothers has hired Alan Rubenstein, head of Morgan Stanley’s European pensions group, to launch a new pensions group.
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News
UK nuclear scheme tenders investment consulting
UK – The Nuclear Decommissioning Authority, the body charged with cleaning up the UK’s atomic energy industry, has tendered for investment consulting services for the proposed Nuclear Decommissioning Industry-wide Pension Schemes (or IWS).
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News
CEIOPS approves pensions supervisory protocol
EUROPE – CEIOPS, the European pension supervisory committee, has approved a protocol on cooperation between member states in the field of occupational pensions.
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News
M&S names Tony Watson as pension chairman
UK – Tony Watson, the former chief executive of Hermes Pension Management, has been appointed as chairman of the Marks & Spencer Pension Trust Ltd.
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News
IPE-QUEST: Danish fund tenders $100m in Japan equities
DENMARK – A Danish pension fund has tendered up to $100m (euro) in Japanese all-cap equities via IPE-Quest.
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News
AP3 sets out new strategic portfolio
SWEDEN – Tredje AP-fonden, the third Swedish buffer fund AP3, has unveiled a new strategic portfolio for 2006.
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News
UK consultants see limited conflict of interest
UK – The Society of Pension Consultants, responding to comments from the financial watchdog, says there is only “limited” scope for potential conflicts of interest in advising pension trustees and asset managers.
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News
Ex-Aon Belgium principals start new firm
BELGIUM – Anne Claes, the former co-head of Aon Consulting in Belgium, has joined some of her former colleagues at a new consulting venture called EIS.
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News
ABP’s Munsters meets EU on clearing & settlement
EUROPE – Roderick Munsters, chief investment officer of Stichting Pensioenfonds ABP, was among a group of top European finance executives that met the European Commission to discuss clearing and settlement yesterday.
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News
Scottish & Newcastle’s Martin joins Mercer
UK – Ray Martin, human resources and pensions chief at brewer Scottish & Newcastle, is to join consulting firm Mercer Human Resource Consulting.
