All articles by Dickon Reid – Page 13
-
News
Threadneedle builds its corporate bond division
UK- Threadneedle Investments is adding to its corporate bond team with three new hires. Trudie Pearce, Paul Kirtley and Victoria Port will join the 20-strong fixed income division over the next three months and report to head of fixed interest Robert Stirling.
-
News
LSE and International launch hedge fund research
UK- The London School of Economics and Political Science is establishing a hedge fund research programme to carry out independent academic research in conjunction with International Asset Management (IAM).
-
News
Pension funds 'to double' private equity holdings
GLOBAL- Private equity investment will continue to grow over the next ten years and pension funds in the US and Europe are expected to double their allocation to the asset class according to a new report by the Economist Intelligence Unit.
-
News
Ireland's switch to DC is less than expected
IRELAND- New research suggests Ireland’s defined benefit schemes are proving more resilient than those of the UK and the shift to defined contribution is less marked than expected.
-
News
EC launches pensions mobility consultation paper
BRUSSELS- The European Commission has launched a formal public consultation paper aimed at improving the portability of supplementary pension rights. It hopes to tackle existing pensions legislation that hinders the free movement of workers.
-
News
New Star hires HSBC's head of alternatives
UK- New Star has hired HSBC’s head of alternative investments Charles Tritton to run its hedge fund business which currently has $700m under management.
-
News
Moon joins LPFA in independent advisor role
UK- The £3bn London Pension fund Authority has appointed its second independent advisor in three months following the publication of Paul Myners’ report.
-
News
Extel survey says Fidelity is Europe's top manager
UK/EUROPE- Fidelity Investment Services has been voted the leading pan-European fund management firm for the second year running in the 2002 Thomsom Extel Survey of analysts and investment managers. Capital Group was runner up to Fidelity for a second year while Schroder Investment Management retained third spot.
-
News
Mercers rounds on EU pensions directive
BRUSSELS/UK- Mercer Human Resource Consulting has dismissed reports that Ecofin’s acceptance of the EU Pension Fund Directive will make it any easier to set up cross-border European pension funds.
-
News
PEPGO launches European tax test case for AMS
UK- Business and IT consultants AMS Management Systems has sown the seeds of a potential test case tackling tax discrimination across Europe by seeking permission from the UK Inland Revenue to place a UK employee in its Dutch company pension scheme.
-
News
Prudential to manage e700m corporate bonds for AP3
SWEDEN- Sweden’s AP3 fund has appointed the US-based investment manager Prudential to run an active Sek6.4bn (e700m) corporate bond mandate.
-
News
Equitable fiasco leaves AVC market in turmoil
UK- The market for additional voluntary contributions (AVCs), the system allowing scheme members to top up their occupational pensions, is in turmoil according to a new survey from the consultants Hewitt Bacon & Woodrow.
-
News
Threadneedle takes share in multi manager Attica
UK- Threadneedle Asset Management, part of the Zurich Financial Services Group, has taken a 29.9% share in the multi manager Attica AM. Attica retains overall control of the company but the deal with one of Europe’s mid-sized investment managers will boost its distribution network.
-
News
Ecofin approves occupational pensions directive
LUXEMBOURG/EU- European finance ministers have accepted a compromise position on the EU occupational pensions directive in a move that will finally enable companies to launch pan European funds.
-
News
SEI names management for Paris operation
FRANCE- Multimanager SEI Investments has retained the senior management of the Paris-based joint venture CCF-SEI Investments that it bought Crédit Commercial de France out of last month.
-
News
Lombard Odier and Darier Hentsch to merge
SWITZERLAND- Two of Switzerland’s oldest private banks, Lombard Odier and Darier Hentsch are merging in a bid to cut costs and enable them to compete with larger competitors.
-
News
UK pensions remain healthy despite dropping £150bn
UK- The UK’s pension fund industry is in a good state and will continue to grow faster than the economy according to the 2002 Pension Fund Indicators report published by UBS Global Asset Management.
-
News
AP7 completes search for hedge fund managers
SWEDEN- Sweden’s AP7 default fund has ended its twelve month search for hedge fund managers with the appointment of New York-based K2 and Arpad Busson’s Geneva-based EIM to run two new Sek500m (e55m) fund of funds portfolios.
-
Features
Merrill's horrible year
Merrill Lynch’s May 2002 is testimony to the old saw that it never rains but pours. There was the well-publicised agreement reached with New York attorney general Eliot Spitzer that saw the investment bank pay a $100m (E109m) fine. In making a settlement, Merrill Lynch was at pains to say ...
