All articles by Fennell Betson – Page 15
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Features
Banking on the assets
Leif Hasager is an academic who has found his part time involvement with running the investments of one of Denmark’s oldest pension funds has become a full time occupation. “Now I handle everything in connection with the investment portfolio of Bank Pension, but any decision is taken by the fund’s ...
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News
JP Morgan double custody assets in Germany in 2002
GERMANY – Global custodian JP Morgan Investor Services (JPMIS) says it had a bumper year in the German marketplace in 2002.
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News
Minorities face pensions poverty says UK minister
UK – The problems of poverty in retirement facing minority communities was highlighted today by the UK’s pensions minister, Ian McCartney.
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News
S&P sees gloomy path ahead for European property
EUROPE - A gloomy outlook for the European real estate industry is predicted by Standard & Poor’s research*. The ratings agency sees falling commercial property rents and rising vacancy rates across different property classes and regions.
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News
Holland's KAS in new UK sales hire
UK/NETHERLANDS – Dutch custody services group KAS BANK has announced the appointment of Kate Parker as its new sales representative for UK institutional investors.
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News
Cerulli: Manager acquistions not yielding results
US – The asset management industry may be getting better at investing in other asset management firms, but it is still not yielding added value overall...
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News
European real estate deals reach e67.5bn in 2002
EUROPE - Europe’s property investment market was still very active last year, with transactions amounting to 67.5 billions euros, according to real estate investment group Jones Lang LaSalle. But the total was 1% down on the figure for 2001...
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News
UK pooled property funds return 8.8% for 2002
UK - Property investment in 2002 through UK pooled funds totalled 7.7 billion pounds sterling (e11.7bn) and produced returns of 8.8%...
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News
Credit Suisse retains $38bn CalPERS loan rights
US – The largest US pension fund, the California Public Employees’ Retirement System (CalPERS) has awarded investment bank Credit Suisse First Boston (CSFB) exclusive rights to borrow $37bn in equities...
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Features
Making it happen
Ralph Vitale is the man with the mission of planning and implementing the integration of the Deutsche global securities services (GSS) business with State Street, where he is executive vice president, responsible for securities finance. “This is an enormously complex transaction, as it covers a lot of people in a ...
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Features
European platform
State Street went into the Deutsche deal from a position of strength, according to its president and COO Ron Logue. “We won more business in 2002 than in any other year. All in all, wins exceeded business losses in a ratio of three to one. “Relative to the competition we ...
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Features
State Street's carve out
The ‘Big Dig’ is how Bostonians refer to the enormous civil engineering project that runs through their city and has sucked in more dollars than the city probably cares to contemplate. The day of its completion appears to be as problematic as ever. In Franklin Street, not far from this ...
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News
Neptune launches European opportunities fund
UK – The Neptune European Opportunities Fund investing in a concentrated portfolio of 40 to 50 European stocks has been launched by Neptune Investment Management, formed earlier this year by Robin Geffen.
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News
Consultants cautious welcome for pension tax plans
UK - The simplification aspects of the proposed pension tax changes announced by the Treasury this week have been welcomed by international consultants Mercers.
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News
State Street: Deutsche custody is a ‘perfect’ fit
GERMANY - Ron Logue, president and chief operating officer of State Street Corp., has championed the bank's recent acquisition of Deutsche Bank’s global securities services business, calling it a ‘perfect’ fit.
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Features
SFB aims to build with other funds
The Dutch pensions scene has to change, maintains Joep Schouten who heads the SFB Group, responsible for the asset and liability management of the Dutch building industry pension funds with assets of around E16bn. “In the Netherlands, there are over 1,000 pension funds for both company and industry-based pension funds. ...
