All articles by David White – Page 12
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News
NIB takes full ownership of FundPartners
NETHERLANDS -- NIB Capital, ABP and PGGM’s jointly owned merchant banking venture, is to acquire full ownership of its asset-structuring arm FundPartners.
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News
Poll finds pensions pose M&A threat
UK -- Almost half of the chief financial officers (CFOs) of leading companies in the UK say that the pension liabilities of companies they are considering buying or merging with are serious obstacles.
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Features
Fidelity's three-pronged assault
Fidelity Investments took its first big step into the European institutional market when it established operations in the UK in the 1980s. It is currently taking a second and possibly bigger step as it rolls out its business plans in continental Europe. Fidelity has had a presence in the Netherlands, ...
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Features
Thinking about direct
The City of Zurich of Pension Fund, with assets of CHF 11.4bn (e7.4bn), moved into hedge fund investment at the end of 2000 with a hedge fund allocation of 2.5% which increased to 5% at the beginning of 2002. The main aim was risk diversification, says Vera Kupper Staub, the ...
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Features
A1 at Lloyd's
The job of the Lloyd’s Register is to examine merchant ships and classify them according to their condition. The highest classification, ‘A1 at Lloyds’, indicates by the letter A that a ship’s hull is in first class order and by the number 1 that the trappings are also sound; in ...
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News
IAS 19 brought into line with the UK’s FRS 17
GLOBAL -- The International Accounting Standards Board (IASB) has amended the international pension cost standard IAS 19 to bring it into line with the UK retirement benefits standard FRS 17.
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Features
Nordic markets look for more
The market for asset management in Sweden is notoriously overcrowded, and for years a feature of Stockholm’s financial scene has been the large number of asset managers looking for a limited amount of institutional business. “There are few markets that have the same level of competition and the same number ...
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Features
Norway's funds take stock
Norway’s hard-pressed life insurers and pension funds have enjoyed a brief respite over the past year. This has been provided by the Norwegian stock market which, helped by rising oil prices, has strongly outperformed international equity markets. Norwegian equities rose 25% in the first nine months of 2004 and 120% ...
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Features
Playing safe in Europe
The strengthening euro and the poor prospects for Euro-zone growth have combined to create a condition among Euro-zone equity investors which Rick Lacaille, chief investment officer at State Street Global Advisors (SSgA), describes as “Eurogloom”. “At the start of the year, analysts had generally been too optimistic by an ...
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News
Nobel laureate pans World Bank pension model
GLOBAL - The World Bank’s three-pillar model for pension systems has been savaged in a study by Nobel Prize winner Franco Modigliani.
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Features
Playing safe in Europe
The question that has been puzzling Euro-zone equity strategists is why, when the sun has been shining so brightly in Europe, are the European equity markets not making hay? Yet in spite of this, European equity investors have chosen to play safe. Axel Botte, investment strategist at AXA Investment Managers ...
