All articles by Dickon Reid – Page 7
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AP3 commits further e135m to private equity
SWEDEN- Sweden’s third national pension fund AP3 has committed a further e135m to private equity taking its total investment in the asset class to e210m. The latest commitment by the fund is almost split half and half between US and European private equity houses.
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AP3 loses e1.1bn & announces new governance policy
SWEDEN- Sweden’s third national pension fund has suffered a 7.4% fall, or equivalent of Sek10.1bn (e1.1bn) loss, during the first half of 2002 due to the sharp drop in equity markets.
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Kelly quits Mercers for Vodafone pensions job
UK- Paul Kelly has quit Mercer Human Resource Consulting where he was European partner and senior consultant to join telecoms group Vodafone as director of pensions.
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Mercers hires Standard Chartered's pensions head
UK- Mercer Investment Consulting has added to its UK team by hiring Standard Chartered Bank’s Chris Gill who joins as a European principal and senior consultant responsible for manager research and a number of clients.
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Bureau Bosch publishes Dutch manager rankings
NETHERLANDS- Foreign investment managers will soon overtake their Dutch counterparts in overseeing the country’s pension fund assets according to the 2002 report by consultant Bureau Bosch into the Dutch investment industry. The report covers 78 managers and is seen as a definitive guide to the Dutch pension fund investment market.
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Dutch funds lose e79bn in twenty months
NETHERLANDS- Dutch funds have taken a battering in the last eighteen months and have lost a combined e79bn since the beginning of 2001 according to the seventh and latest edition of the Bureau Bosch fund manager survey.
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Buck Heissmann buys Dutch consultant ConAct
NETHERLANDS- The Dutch arm of consultant Buck Heissmann has merged with the Houten-based actuarial consultants ConAct in a deal that doubles Buck Heissmann’s workforce to around twenty.
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CalPERS names interim chief executive officer
US- CalPERS has appointed Robert Walton interim chief executive following the departure of James Burton after eight years in the role to head up the World Gold Council in London.
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Mercers replaces Watsons as Home Group advisor
UK- Mercers Human Resource Consulting has replaced rival Watson Wyatt as provider of actuarial and consulting services to the pension funds of housing provider Home Group.
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SEI adds to fixed income manager line-up
UK- Multi manager SEI Investments has added Fischer Francis Trees & Watts and Alliance Capital Management to its fixed income manager line up. SEI maintains the new appointments will give broader access to the global developed fixed income markets.
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Norton Rose launches pensions litigation unit
UK- Law firm Norton Rose has established a new dedicated pensions litigation unit in response to increased disputes and regulation within the industry. The new pensions unit forms part of a wider team in the firm's litigation department focusing on pensions, insurance and reinsurance and financial services regulatory work and ...
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Norges Bank issues e614m specialist RFPs
NORWAY- Norges Bank Investment Management, overseer of the$75bn (e75bn) Norwegian petroleum fund has announced equity RFPs worth a combined $600m with the initial tender being run through the IPE-Quest electronic manager selection system at http://NBIM.IPE-Quest.com.
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Ex-Phillips & Drew chief executive quits UBS
UK- Robin Hindle Fisher, the former chief executive of Phillips & Drew, is leaving UBS after ten years with the company. Hindle Fisher stepped down as chief executive last year to take a year out and study at the London Business School.
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Fortis enters Germany & Austria with Paribas team
GERMANY/AUSTRIA- Fortis Investment Management has raided BNP Paribas for a team to run new operations in Austria and Germany. FIM already has regulatory approval to market its funds in Austria and it is expecting to get the go-ahead in Germany in the next three weeks.
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Watsons to publish data on recommended managers
GLOBAL- Watson Wyatt is following the lead of rival consultant Mercer Human Resource Consulting with publication next January of data on performance of the managers it recommends.
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Mercers appoints head of Hungarian operation
HUNGARY- Mercer Human Resource Consulting has appointed Juzsef Pour as head of its Hungarian consulting operations. Dr Pour has been managing director of the management consultant Hay Group in Hungary having starting it eleven years ago.
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Morley launches new SRI overlay programme
UK- Morley Fund Management’s socially responsible investment has launched a new SRI engagement overlay programme, Sustainable Futures, that enables institutional investors to ‘engage’ on social and environmental issues with companies they invest in.
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CSAM adds to its UK institutional team
UK- Credit Suisse Asset Management has announced the appointment of Annabel Stephens who is joining the UK institutional marketing team. Stephens, who joins from Barclays, will be responsible for pooled pension fund client servicing and for consultant relations.
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Opra publishes guide to speed closure of schemes
UK- Pensions regulator the Occupational Pensions Regulatory Authority (Opra) has published a guide for trustees that is designed to help reduce the time it takes to wind up occupational schemes, a process that can often take several years.
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Borgdorff named as successor to Prins at VB
NETHERLANDS- The board of the Dutch Association of Industry-wide Pension funds has appointed Peter Borgdorff as a replacement to previous director Frans Prins.