All articles by Dickon Reid – Page 19
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Fortis and SAMS form risk analysis joint venture
BENELUX- Fortis Investment Bank and software provider Strategic Asset Management Solutions (SAMS) have launched a joint venture offering Benelux clients bespoke performance attribution, risk measurement and analysis.
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Spain to clarify EU directive position next week
EU- Speculation about attempts by the Spanish EU presidency to introduce quantitative investment restrictions and solvency tests into the pensions directive will disappear next week when it publishes a formal presidential text laying out its position on both issues.
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NAPF urges Brown to restore confidence in pensions
UK- The National Association of Pension Funds (NAPF) has called on the Chancellor of the Exchequer Gordon Brown to use next week's budget speech as an opportunity to restore confidence in saving for retirement.
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Bowie named as new head of Hymans Robertson
UK- Ronnie Bowie has been named as senior partner at actuarial and consulting firm Hymans Robertson and as a replacement for Mike Arnold who is becoming senior principal of the recently established Milliman UK.
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Franklin Templeton beefs up FTI Institutional
UK- Franklin Templeton Investments is expanding FTI Institutional, its London-based marketing and client servicing division, with four new appointments. Peter Escott has been moved from manager of international marketing services to manager of UK Institutional Sales. Escott is tasked with building consultant and market awareness of Templeton’s global equity exempt ...
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Citibank joins FX Connect and FXall
GLOBAL- Citibank has joined FX Connect, State Street’s multi-bank electronic foreign exchange trading system, and the electronic platform FXall following the collapse of the rival system Atriax last week.
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BGI adds to portfolio transition management team
UK- Barclays Global Investors (BGI) has appointed Jagdeep Bains as head of portfolio transition management, a new role which sees him responsible for defining and managing BGI’s transition trading strategies and implementing them in the UK and Europe.
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Dow Jones launches seven European Titan indices
EUROPE- Dow Jones is launching a further seven European Country Titan indices today. Henceforth, blue-chip indices for France, Germany, Italy, Spain, Sweden, Switzerland and the Netherlands are available through the major data vendors as well as the Dow Jones index website www.djindexes.com
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Funds for European PE down 34% in 2001
EUROPE- Funds raised for European private equity fell more than a third last year from e48bn at the end of 2000 to e31.5bn according to preliminary figures released by the European Venture Capital Association. Although the slowdown is significant, it is less severe than the US market which has seen ...
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Mercer IC prepares to re-open Stockholm office
UK/NORDIC- Mercer Investment Consulting has appointed Hanne Hother as a senior investment consultant for the Nordic region. Based in London, she will develop the investment consulting services in Sweden, Denmark, Norway and Finland.
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Watson Wyatt says scrap state second pension
UK- Consultant Watson Wyatt has called for the abolition of the state second pension and instead recommended that employers be given the freedom to design the pension schemes they offer their employees.
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Martin Currie poaches SG head of European equities
UK- SG Asset Management’s head of European equities Dino Fuschillo is leaving to join Edinburgh-based Martin Currie as a director. In the new role he is responsible for European products and will report to chief investment officer James Fairweather. Prior to his four years at SG Asset Management he spent ...
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AP4 tenders $600m in Asia and Japanese equities
SWEDEN- Sweden’s Skr130bn (e14.3bn) AP4 fund has announced the tendering of Asia Pacific-ex Japan and Japanese equity mandates worth up to a total of $600m (e682m). The fund is to appoint several firms to oversee the mandates, deadline for applications is May 11th and appointments should be announced some time ...
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Zurich completes purchase of Deutscher Herold
SWITZERLAND/GERMANY- Zurich Financial Services has completed the e1bn, 75.9% acquisition of the insurance holdings of Deutsche Bank including the Deutscher Herold Group, Bonnfinanz, and DGV.
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Punter Southall launches FRS17 seminars
UK- Consulting actuaries Punter Southall is launching a series of seminars across the UK aimed at clarifying the new accounting standard FRS17. Designed for trustees and pension fund managers, the seminars will separate the accounting standard and funding issues for pension funds.
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BNP Paribas hires Lespinard as global CIO
FRANCE- BNP Paribas Asset Management has hired Philippe Lespinard as its first global chief investment officer. He will be responsible for the research and active management activities of BNP Paribas AM in equity, fixed income and balanced accounts worldwide.
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William M Mercer changes name
GLOBAL- William M Mercer has announced that henceforth it will trade under the new name of Mercer Human Resource Consulting. Its investment consulting practice is also being re-named Mercer Investment Consulting.
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PGGM's -24.8% PE returns blamed for poor 2001
NETHERLANDS- e49bn Dutch fund PGGM has blamed dismal returns on its private equity portfolio for what it calls a ‘disappointing investment return’ of -6% for 2001. Publication of last year’s results shows the fund underperforming its overall benchmark by 0.9%.
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Mercers IC business development head moves to TGM
UK- The recently re-named Mercer Human Resource Consulting has lost its investment consulting head of marketing and business development David Tucker to a similar role at TGM Asset Management in London. TGM started life in 1997 as a tactical asset allocation manager but has since moved into currency overlay and ...
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Paris heads Standard Life's global fixed income
UK- Standard Life Investments has appointed Rod Paris as head of global fixed income. Paris joins from Merrill Lynch Investment Managers where he held the same position. He will be responsible for the UK, Euro and overseas bonds, including corporates.
