All articles by Daniel Brooksbank – Page 67
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AP3 tenders for risk system
SWEDEN – Tredje AP-fonden, the SEK175.8bn (€18.9bn) Third National Pension Fund, has started looking for new risk analysis solutions.
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Caulfield takes over as Mercer president
GLOBAL – Michael Caulfield has been appointed president of Mercer Human Resource Consulting, taking over from Brian Storms who has become chief executive of sister firm Marsh Inc.
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F&C CEO exits amid outflows, outsourcing delay
UK – F&C Asset Management says its chief executive Howard Carter is to retire and be replaced by former institutional chief Alain Grisay.
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Dexia say clients back RBC custody tie
EUROPE – Dexia says its clients have responded well to its planned custody tie-up with Royal Bank of Canada.
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Northern Trust Global Advisors names CIO
GLOBAL - Northern Trust Global Advisors, the manager-of-managers arm of the Chicago-based bank, has named Andrew Smith as chief investment officer.
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Moody’s extends asset manager ratings services
GLOBAL – Ratings agency Moody’s Investors Service has upgraded its asset management ratings services to include more of a quantitative element.
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Mellon takes control of Russell/Mellon venture
GLOBAL - Mellon Financial Corp has taken full control of the Russell/Mellon performance measurement joint venture.
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New warning over hedge fund capacity – report
GLOBAL – Hedge fund executive Mark Yusko has warned about capacity in the hedge fund market, according to a newswire report.
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Mercer to advise company and trustees at HBOS
UK – Mercer Human Resource Consulting has downplayed suggestions of a potential conflict of interest in its appointment to advise banking group HBOS on pensions matters.
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IPE publishes Top 1000 European Pension Funds
EUROPE – Investment & Pensions Europe has published Europe’s Top 1000 for 2005, a listing of the largest schemes in Continental Europe and the UK.
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BAE pension liability widens by €1.3bn
UK – BAE Systems’ total pension liability has widened by £884m (€1.3bn) due to falling discount rates.
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Credit Agricole gets €21bn of asset inflows
FRANCE – Credit Agricole says its asset management arm gained almost €21bn in inflows in the first half of the year.
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Dutch schemes ‘eye private equity amid FTK’
NETHERLANDS – The FTK, the Netherlands’ new financial assessment framework, could lead Dutch institutions to raise their private equity allocations, according to new academic research.
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European managers outstrip US rivals – Watson
EUROPE – European asset managers now manage more assets than their North American rivals, according to research by consulting firm Watson Wyatt.
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Robeco sees “disappointing” asset inflow
NETHERLANDS – Robeco, the asset management arm of Rabobank, had a disappointing inflow of new assets in the first half of the year – hit by US outflows.
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350 jobs to go as Julius Baer buys banks
SWITZERLAND – Around 350 jobs, including possibly that of asset management chief Roman von Ah, look set to go with Julius Baer’s decision to buy four wealth management firms from UBS.
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ING Real Estate chief quits over Polish complex
POLAND – Paul Trip, chief executive of development at ING Real Estate, has quit over problems at a shopping complex in Warsaw.
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Dutch regulator concerned about hedge funds
NETHERLANDS – The Dutch financial regulator AFM says hedge funds’ lack of transparency is a cause for concern – and that investors don’t have enough understanding of the funds’ investment policies and risk profiles.
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AP3 puts €30m into infrastructure fund
SWEDEN – Tredje AP-fonden, the SEK175.8bn (€18.9bn) Third National Pension Fund or AP3, has invested £20m (€30m) into an infrastructure fund run by Henderson Global Investors.
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MLIM completes €12bn Philips pension deal
NETHERLANDS - Merrill Lynch Investment Managers says it has now completed its previously announced deal to buy the in-house pension management arms of electronics giant Philips.
