All articles by Helen Avery – Page 27
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News
UK’s Greenwich Council awards five mandates
UK – Greenwich Council’s 450 million pound pension fund has dished out five new mandates following a change of strategy, and a loss for Schroders Investment Management.
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News
S&P sees no pension hit for European finance firms
EUROPE – Standard and Poor’s ratings agency has said that European financial services companies are not expected to experience ratings changes as a result of post-retirement obligations.
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News
French reserve fund appoints Mercers
FRANCE – The 13.1 billion euro French reserve state fund has appointed Mercer Investment Consulting to assist with selecting investment fund managers.
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News
Credit Agricole wins KLM emerging market mandate
NETHERLANDS/FRANCE – Blue Sky Group, manager of the 6.5 billion euro pension fund of Dutch airline KLM, has appointed Credit Agricole Asset Management to run a global emerging market equity mandate.
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News
KAS wins Gerling UK custody business
UK – Credit finance provider Gerling NCM’s UK Pension Scheme has appointed KAS Bank as custodian following a move out of pooled funds into segregated funds.
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Austrians take to streets over pension reform
AUSTRIA – Ten of thousands of Austrians took to the streets today to protest against proposed pension reforms that could see working life increased and benefits reduced.
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S&P names European investment services head
EUROPE – Ratings agency Standard & Poor’s has appointed Geoff Hawksworth to head up its European Investment Services business.
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News
Schroders in European property push
EUROPE – Schroders Property Investment Management is making a push into Europe, joining two European property associations, and adding one member to its team.
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News
Amex, Threadneedle decline comment on report
UK – American Express is reported to be close to finalising a deal to buy Threadneedle Investments – though all parties are declining comment.
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News
BNP Paribas rejects S&P's pension method
EUROPE – BNP Paribas has said that it “does not automatically see pensions provisions as debt”, and criticises S&P’s approach to incorporating pensions into credit analysis.
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News
State Street to provide custody to Aon
IRELAND – State Street Corp. Dublin has been appointed to provide investment services to Aon Asset Management.
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News
AXA’s UK pensions arm names Evans CEO
UK – AXA Sun Life, the UK life and pensions arm of the AXA group, has appointed Paul Evans as chief executive, following the departure of Andy Haste.
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News
Allianz’s PIMCO launches eight funds for Europe
EUROPE – PIMCO has launched eight new specialist pooled fixed income funds aimed at institutional investors across Europe.
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News
Trustees lift interest in multi-management
UK – Trustees are becoming more interested in multi-manager products, says the head of a multi-manager trade group.
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News
Mercer wins Omnetica actuarial job
UK – Siemens affiliate, Omnetica, has appointed Mercer Human Resource Consulting to provide actuarial and investment advice for its new defined contribution scheme.
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News
Austria agrees to less drastic pension overhaul
AUSTRIA – The Austrian government yesterday agreed to overhaul its pensions system, although conceded that some of the current proposals would be amended to be less drastic.
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Features
Date with EM debt
Question: “Which asset class returned 15.1% during the last year, 11.3% per year for each of the last two years, and 13.2% per year for the 11 years from March 1992 until March 2003?” (Merrill Lynch). Answer: Non-G7 sovereign debt. Sound appealing? Possibly. Now if we said those returns were ...
