All articles by Fennell Betson – Page 13
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News
Europe's top 400 manager list - Changes at the top of e23trn market
EUROPE - There has been major changes at the top among Europe’s asset mangers, according to the Investment & Pension Europe survey of the top 400 players in the business, who between them handle some euro 22.6 trillion in assets. This figure is down from the euro 24 trillion recorded in last year’s survey.
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News
Altor E650m fund closes well ahead of target
SWEDEN – Altor Equity Partners has closed its first private equity fund at Euros 650 million, well ahead of its initial target of Euros 500 million after a successful placement.
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News
Towers Perrin promotes 11 new principals in Europe
EUROPE - International consultants Towers Perrin has announced seven new principals to its European consulting practice. Four of these are in the UK, two in France and one each in Germany and Italy.
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News
Dutch pension funds end affair with equities
NETHERLANDS - Dutch pension funds’ affair with equities - both domestic and foreign - is over, according to research by bankers Kempen in Amsterdam.
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Features
Hard pressed to live up to expectations
Is UCITS III another damp European squib that will sputter weakly before crashing? Certainly a head of steam seems to be building up among the professionals very much involved in implementing its provisions, both from the aspects of what is not in it as much as for what is in ...
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Features
One of Europe's best kept secrets
Gilles du Fretay has been offering hedge funds of funds in Paris since 1986, which makes him Europe’s longest established player, he says. What’s more, he’s been providing them mainly through onshore French funds, which is one reason perhaps why he may be one of the continent’s best kept secrets. ...
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News
Irish reserve fund to move into new asset classes
IRELAND - The commissioners responsible for the investment strategy of Ireland’s eight billion euro National Reserve Pension Fund have decided about exposure to additional asset classes apart from equities and bonds.
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News
World Bank sees shift to funded DC from PAYG
IRELAND - The main trend in worldwide pension reform is the shift from pay-as-you-go defined benefit to funded defined contribution, said Richard Hinz of the World Bank at the World Pension Association conference in Dublin.
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News
Pension directive to boost capital markets – MEP
IRELAND - The benefits to be expected from pan-European pension funds were outlined by MEP Piia-Noora Kauppi speaking at the World Pension Association conference in Dublin today.
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News
Irish government: pensions have time to recover
IRELAND - The significant losses sustained by Irish pension funds over the last three years have been commented on by Ireland’s minister responsible for pensions.
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News
Research shows European allocation to private equity ‘too low’
UK - Research showing that asset allocation to private equity of nearly 20% for a pension portfolio that 50% invested in equities is an ‘efficient’ figure has been issued by Standard Life Investments (SLI).
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News
Russell calls for ‘implementation shortfall’ measure for transitions
US - A further voice arguing for ‘implementation shortfall’ to be adopted as a common standard for calculation and presentation of portfolio transition management has come from the Frank Russell Company. Without these standards clients can end up with incomplete reporting, the company says.
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News
Survey finds DC plan inflows in UK stronger than for DB
UK - Defined contribution(DC)schemes in the UK’s private sector schemes had stronger inward cash flows than defined benefit(DB) schemes in 2000, according to the Government Actuary’s Department’s latest survey of occupational schemes. This was probably due “to their lower degree of maturity”, says the department.
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News
New Irish investment vehicle takes on Luxembourg
IRELAND – Tax legislation for a pensions investment pooling vehicle has been passed by the Dail, the Irish parliament, as a new category of investment fund. Included in this year’s Finance Act, the vehicle is designed to provide tax transparency to pension funds using it.
