All articles by Dickon Reid – Page 9
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Watson Wyatt hires First Quadrant's Robert Brown
UK- Consultant Watson Wyatt has appointed Robert Brown from First Quadrant as a senior consultant in its investment practice.
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S&P says prospects for European property are poor
EUROPE- Falling rents and rising vacancy rates across in Europe over the past six months mean the outlook for the real estate sector remains negative despite low interest rates and high capital values, according to Standard & Poor’s.
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Von Euw joins Swissca in institutional drive
SWITZERLAND- Swissca Portfolio Management has appointed Hans-Joerg von Euw as head of business development and client relationship. Von Euw joins from Julius Baer where he was responsible for client support and institutional clients in Switzerland and Austria.
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Hewitt enters French investment consulting market
FRANCE- Consultants Hewitt Bacon & Woodrow are entering the French investment consulting market with the purchase of the investment advisor Finance Arbitrage for an undisclosed sum.
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EFM picks Marlborough for pensions administration
UK- Edinburgh Fund Managers (EFM) has appointed Marlborough Stirling, the software provider and consultant, to supply administration for its Edinburgh Portfolio Pension plans.
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UK private equity continues to outperform equities
UK- Private equity investments in the UK have outperformed UK pension fund assets over the past three five and ten years according to figures published by the British Venture Capital Association.
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UK to get yet another pensions review
UK- Just a fortnight after publication of the Pickering and Sandler reviews, the house of commons work and pensions committee has announced the launch of a wide-ranging inquiry into the future of saving for retirement in the UK.
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Number of DC schemes in Ireland surges
IRELAND- Defined contribution pension schemes remain in the ascendancy in Ireland according to the annual report from An Bord Pinsean, the pensions supervisor and regulator.
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Iceland's Kaupthing launches multi-employer Assep
LUXEMBOURG- The Swiss arm of Icelandic financial services provider Kaupthing Bank has received regulatory approval for Luxembourg’s first multi-employer Assep. The new defined contribution fund, KBridge, aims to attract expatriates working for large multinationals.
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S&P to consult on European pension fund ratings
EUROPE- Standard & Poor’s is to begin consulting later this year on recent proposals to rate European pension funds in the same manner as it does in the United States.
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ABN and Mellon formalise custody alliance
NETHERLANDS- ABN AMRO Bank and Mellon Financial Corporation are formalising their current marketing alliance by launching a new, separately-capitalised financial services company that will provide global custody and related services to clients outside of North America.
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ABN to launch insurance pension fund in Luxembourg
LUXEMBOURG- ABN Amro is to launch an insurance-based pensions vehicle for its Luxembourg employees and for those based in the Netherlands that might transfer to the Duchy.
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Dutch telecoms fund slashes equity holdings
NETHERLANDS- Dutch telecoms pension fund KPN has cut its equity investments substantially for the second time this year in a move that takes its holding in the asset class below 30%, down from 56% at the end of 2001.
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Mercers HRC names new worldwide head
US- Daniel McCaw has been appointed chief executive and president of Mercer Human Resource Consulting worldwide. McCaw has headed Mercer’s US operation for two years and prior to that was chairman and chief executive of the Canadian branch.
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JBI Associates joins forces with Deloitte & Touche
LUXEMBOURG- The cross-border life insurance and employee benefits consultancy team of Luxembourg consultants JBI Associates has joined Deloitte & Touche in a bid to capitalise on Europe’s growing cross border life and pensions industry.
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US funds lose 5% during second quarter
US- US pension funds, endowments and foundations have lost 5% in the second quarter of this year, reversing gains made during the first three months.
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ECJ sets date for Danner Case ruling
EUROPE- The European Court of Justice has said it will pass judgement on the Danner case at the beginning of October. A verdict, expected on the 3rd of the month, will receive close scrutiny as many champions of pan European pensions believe it will, if successful, help pave the way ...
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Calpers files joint lawsuit against WorldCom
US- Three California public pension funds have begun legal proceedings in an attempt to recover losses against WorldCom executives and underwriters of WorldCom bonds issued in May of last year.
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Morley launches first SRI fund in Germany
GERMANY- Morley Fund Management and Delta Lloyd Investment Managers, both members of the Aviva Group, have launched a new active socially responsible mutual fund in Germany.
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BoNY scoops $17bn in custody mandates
US- Two Iowa state pension schemes have selected the Bank of New York to provide a range of investment services for their assets of $16bn.