All articles by Dickon Reid – Page 5
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BGI organises series of trustee seminars
UK- The Employers’ Organisation for local government and Barclays Global Investors (BGI) are running a series of seminars for elected members responsible for the Local Government Pension Scheme, the body that represents more than one million members of local authority pension funds worth a combined £90bn (e143bn).
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Vice chairman of Invesco announces retirement
UK- Invesco Asset Management, part of the US group Amvescap, has announced the retirement of its vice chairman Tristan Hillgarth at the end of the month.
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Decree gives details of Luxembourg pension reform
LUXEMBOURG- A decree by the Grand Duchy has spelled out the precise details of reform to Luxembourg’s private pensions industry in a move that is likely to see both banks and insurance companies roll out a raft of new products.
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Russell/Mellon CAPS adds to client relations team
UK- Russell/Mellon CAPS has beefed up its client relations team with the appointment of Anthony Stevens. Stevens reports to business development manager Allison Langley and will work primarily with CAPS’ asset manager clients.
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Swedish fund dumps Nordea & Carlson for Lindstrom
SWEDEN- Swedish consultant Bohman & Lindstrom has signed its first client since branching out into portfolio management and will run Sek4.5bn (e490m) for the Swedish church insurance association, the pension fund for employees of the church.
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Netherlands' Heijnis to merge with Hewitt
UK/NETHERLANDS – Outsourcing and consulting firm Hewitt Associates and its Dutch-based partner, Heijnis en Koelman, are to integrate further and to create a wholly-owned Hewitt operation called Hewitt Heijnis en Koelman.
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Dutch group SFB in third party business push
NETHERLANDS- SFB Groep, the e20bn Dutch outfit that oversees the Dutch builders’ pension assets, is pushing ahead with marketing itself as a third party provider of asset management and pension fund administration. The group has a five year strategy over which it intends to market its services to third parties ...
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Siemens pensions advisor wins first US mandate
GERMANY/US- The pensions advisory team from Siemens Financial Services and its US partner Lattice Financial have been appointed by Canada’s Ontario public service employees pension fund for advice on its investment structure.
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UBS hires Housden as client relationship manager
UK- UBS Global Asset Management has appointed Merrill Lynch’s Michael Housden as a managing director within the client portfolio management team, a role that makes him responsible for developing and maintaining client relationships in the UK and overseas.
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Hermes launches European small cap fund
UK- Hermes, the independent investment manager, is launching a new active European smaller companies fund. The fund is being seeded by British Telecom pension scheme with more than £170m, and is in addition to the £2.4bn existing European equity funds managed by Hermes.
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AP6 and Skandia launch private equity company
SWEDEN- AP6, the Swedish national fund specialising in private equity, is launching a new company investing seed capital in high tech companies in the Nordic region.
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Mercers comes out against compulsory contributions
UK- Mercer Human Resource Consulting has come out against recent calls to make occupational pensions contributions compulsory claiming it is an inappropriate approach to solving the current problems in UK pension provision.
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Schroders names global institutional head
UK- Schroders has appointed Fidelity’s Richard Horlick as global head of institutional business. Horlick is moving back from Boston where he is president and chief executive of Fidelity Management and trust Company and head of Fidelity’s US institutional business.
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KLM fund appoints three managers for emerging debt
NETHERLANDS- Blue Sky group, manager of the KLM pension fund, has appointed Ashmore Investment Management, Bridgewater Associates and Pimco each to run a $85m mandate in emerging market debt.
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Commerz's merged AM division opens for business
GERMANY- Commerzbank’s merged asset management division has begun operating under the name of COMINVEST Asset Management.
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SWIP launches global SRI equity fund
UK/NORDICS- Scottish Widows Investment Partnership (SWIP) is launching a new global SRI equity fund in direct response to demand from the institutional investment community in Sweden.
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PGGM names new head of alternative investments
NETHERLANDS- PGGM, the e47bn pension fund for the health care and social work sector, has promoted its head of real estate Jan van der Vlist to oversee its alternative investments.
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Rothschild to sell its asset management division
UK- Rothschild is putting its institutional and retail investment management businesses up for sale in a move that will see the privately-held group focus on its private banking business.
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BNP completes purchase of administrator Cogent
France/UK- BNP Paribas Securities Services, a subsidiary of the bank BNP Paribas, has completed the purchase of the international fund administration operation Cogent from the Australian bank AMP.
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Axa Rosenberg fills European CEO position
UK- Axa Rosenberg Investment Management has brought in Will Jump from its US office to take up the position as chief executive for Europe. Jump, who has been with Axa for twelve years most recently as its director of global product strategy, will report to the group’s overall chief executive ...
