All articles by Dickon Reid – Page 23
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News
Frank Russell launches private banking services
UK/EUROPE- Frank Russell Company has signalled it intends to bring its multi manager approach to the high net worth individual market with the announcement that Vincent Barnouin is joining as managing director of its newly-created private banking services.
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News
Allianz Dresdner announces European equities CIO
UK/GERMANY- Allianz Dresdner Asset Management (ADAM) has announced the appointment of Neil Dwane as head of its equity investment teams in Frankfurt and London. Dwane is relocating to Frankfurt where he replaces Jens Wilhelm who is leaving for a hedge fund group.
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News
State Street completes e127bn SWIP outsourcing
UK- State Street Group has announced the completion of a £78bn (e127bn) outsourcing project for Scottish Widows Investment Partnership (SWIP), part of the Lloyds TSB Group. In October 2000, SWIP appointed State Street to provide custody, trustee and administrative services for its entire range of life, pensions and investment products. ...
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News
Portuguese state fund returns 3.3% in 2001
PORTUGAL- A significant fixed income holding at Portugal’s e3.8bn state-owned buffer fund FEFSS helped protect it from turbulent market conditions in 2001. According to results for last year, the fund returned 3.28%, putting it above the mean return of –0.72% for PPRs, the private sector funds closest to the FEFSS ...
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News
Portugal's FEFSS prepares to outsource e760m
PORTUGAL- Portugal’s state owned e3.8bn FEFSS fund is looking for a global custodian in preparation for its recent decision to outsource 20% of its e3.8bn portfolio to external managers. Henrique Cruz, a member of the fund’s board says they will select a global custodian by March to provide fund administration ...
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News
Buck Heissmann Sarl and Penda merge
SWITZERLAND- Swiss Consultants Buck Heissmann Sarl and Pendia Associates have merged creating a company with roughly fifty employees. The new firm will take Pendia Associates’ name and will be based in both Nyon and Zurich.
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Features
Social partners reaffirm faith
With the Spanish presidency citing pension reform and the occupational directive as high on its agenda, it seems appropriate to take stock of the European industry. And where better to do it than at the Royal Institute for International Affairs’ annual European pensions conference. For two days, delegates in London ...
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Special Report
BGI looks at SRI
Barclays Global Investors, one of the world’s largest investment managers, is considering introducing an SRI component into its management approach. Matthew Annable, CIO for active equity strategies in Europe, says the group is investigating whether there is a link between socially responsible companies and outperformance. As such it is in ...
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News
Spezialfond manager results show turbulent 2001
GERMANY- Germany’s Spezialfonds and their managers faced one of the toughest and most turbulent years in 2001 when the value of assets fell for the first time since the creation of the funds in the late 1960s.
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News
End-2002 remains pensions directive deadline
EUROPE- The Financial Services Policy Group has met in Brussels to consider the political obstacles to the action plan, which includes the pensions directive and the Lamfalussy report. The group discussed political obstacles to, among other things, the proposed pension fund directive (IP/00/1141) with the aim of paving the way ...
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News
FIS launches first corporate bond funds
UK- Investment manager Friends Ivory & Sime (FIS) has announced the launch of two new corporate bond funds. The All-Stocks fund will aim to outperform Merrill Lynch’s All-Stocks Sterling corporate bond index by 1% per annum measured over rolling 3 year periods while the Long-Dated fund will seek to outperform ...
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News
Desrochers swaps BGI for Watson Wyatt in Paris
FRANCE- Simon Desrochers has returned to the consulting business after leaving BGI in Paris and joining Watson Wyatt as head of its benefits consulting team in France.
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News
First full details of $1.2bn Norges mandates
NORWAY- Norges Bank Investment Management (NBIM), overseer of the $60bn Norwegian petroleum fund is putting out tenders for assets of $1.2bn using the internet-based http://NBIM.IPE-Quest.com. The mandates are part of the sector strategies approach employed by the NBIM equity team.
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News
Dresdner RCM registers umbrella funds in Ireland
IRELAND/LUXEMBOURG- Allianz Group’s Dresdner RCM Global Investors has announced the registration of two umbrella funds in Ireland. Dresdner’s Global Strategies Fund and the Global Distributor fund are both open-ended SICAV-registered investment companies providing institutional investors with access to twenty three equity, bond and cash funds.
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News
Aegon makes four new appointments to the board
UK- Aegon has appointed four new board members in a move that recently-appointed managing director Colin McLatchie says reflects a desire to “bring clients to the front of the business.”
