All articles by David White – Page 16
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News
Consultant says it is first to 'cost' fixed income transactions
GERMANY - A German investment consultant has developed what it claims is the first methodology to measure the overall cost of fixed income transactions
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News
AIMA launches survey for common hedge fund NAV policy
The UK-based Alternative Investment Management Association (AIMA) is asking hedge funds to take part in a survey to identify a common approach to valuing hedge fund assets and pricing hedge fund net asset values (NAV).
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News
French retire en masse before new law kicks in
Almost 100,000 people in France have asked to retire before the statutory retirement age of 60, following reforms of the French pension system introduced in January.
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News
WM says Dutch pension funds return 10.7%
NETHERLANDS - Dutch pension funds returned an average of 10.7% last year, largely as a result of the recovery in the equity markets.
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News
Annuities firmly out of favour with UK public
Most people in the UK would not convert their pension savings into an annuity if they were not compelled to do so, according to research by pension consultants Watson Wyatt.
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News
Active currency play is alpha provider - Russell/Mellon
Active currency management is providing the alpha the market currently needs, according to a new study by Russell/Mellon CAPS.
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News
Unigestion appoints new French chairman
France - European alternative asset manager Unigestion has appointed Gérard Pfauwadel, a former managing director of insurer AGF, as chairman of its French subsidiary, Unigestion Asset Management (France).
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Features
Widening perspectives
French asset managers are in no doubt about what will be the most important event in institutional asset management in France this year – the eagerly-awaited award of mandates by the Fonds de Reserve Pour Les Retraites (FRR), the country’s new pension reserve fund. The final selection of managers for ...
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Features
Moving in tandem
Over the last business cycle, the Euro-zone performed better than the US in those areas that drive the return on capital, notably productivity. Although Euro-zone GDP growth is likely to remain far lower than US growth, Euro-zone asset returns are likely to be as high, if not higher, than in ...
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Features
All for one and one for all?
This month’s Off The Record considers the issue of solidarity. Many pension schemes in Europe rely on current contributions to pay for the benefit of pensioners now in the expectation that the succeeding generation will help them in their turn. A joint report by the EC and the European Council ...
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Features
Luxembourg plants its acorns
Almost five years ago, Luxembourg passed the legislation that created three new types of international pension vehicle. The Loi RCP of June 1999 enabled the creation of the Sepcav, an open-ended pension plan which operates like a DC plan in the US, and the Assep, which is similar to a ...
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News
SRI research not meeting institutional needs - report
Research organisations that specialise in socially responsible investment (SRI) are failing to provide relevant information to institutional investors, according to a report...
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Features
Lure of sound regulation
Rightly or wrongly, offshore jurisdictions are associated with light regulation, and the main job of offshore regulators is perceived to be placing as few obstacles as possible in the way of multinational companies wishing to set up pension schemes for their employees. Guernsey, for example, has specifically exempted international pensions ...
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Features
Dedicated follower of market trends
When mad cow disease was discovered in Washington state last December, cattle futures collapsed. However, the US dollar also continued its downward slide. As a result, the Mulvaney Capital Management Global Diversified programme, which invests in a mixture of commodities and financials, ended the month 5.35% up. Managed futures is ...
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Features
Time to be more creative
The defining moment of 2003 for the Irish fund management industry was the decision by UK insurance giant Aviva to reprieve its Dublin based asset management arm, Hibernian Investment Managers, Ireland’s fourth largest asset manager Aviva had initially considered closing down Hibernian and merging its operations with its London-based asset ...
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Features
Consumers hold the key
After three years of significant underperformance, Euro-zone equity markets outperformed the US, UK and Japan markets in 2003 as investors switched out of bonds and back into equities. The question is whether this is likely to continue in 2004. Some analysts suspect that the economic and financial recovery expected this ...
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News
Italy’s Fonchim nears E800m scheme revamp
ITALY - The results of one of the largest manager searches among Italy’s second pillar pension schemes is expected soon.
