All articles by Helen Avery – Page 28
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Features
Irish launch for Mercer 360
Mercer Investment Consulting has launched a new product allowing smaller Irish pension funds access to international investment managers. The new service, Mercer 360, combines the investment consulting experience of Mercer with the fund management skills of Attica Asset Management. Attica provides manager of manager products in the UK, and is ...
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News
GMO announces mandate wins worth E229m
UK – UK equities are now at “fair value,” says fund manager GMO, which adds it has won six UK equity mandates worth 160 million pounds (229 million euros) this year.
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Multinational in small-cap tender via IPE-Quest
EUROPE – A large multinational company with close to 30 funded pension schemes worldwide has put out to tender two small cap mandates via IPE-Quest.
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Mellon tops new UK fund accounting survey
UK – Mellon European Fund Services has been named top in the UK market for fund accounting and investment administration in the first survey of its kind by London-based R&M Consultants.
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ISIS sees asset management consolidation
EUROPE – “Active managers are competing for a smaller share of the pot”, but specialists and large managers will be the winners, says ISIS’s chief executive, Howard Carter.
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LGIM wins E394m Highland Council mandate
UK – The Scottish Highland Council pension fund has moved 272 million pounds (394.6 million euros) formerly managed by Rothschild Asset Management to Legal & General Investment Management following the acquisition of Rothschild AM by HBOS’s fund management arm, Insight Investment Management.
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Germany: Riester could become compulsory
GERMANY – A top advisor to the German government on welfare reform has said he wants the Riester-Rente private pensions products to be made compulsory if they don’t take off within the next two years.
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UK local authorities “have E21.7bn pension gap”
UK – UK local authority pension funds have a 15 billion pound (21.7 billion euro) deficit under the new FRS17 accounting rules, according to an actuarial consultancy.
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Strathclyde in E1.52bn bond, equity tender
UK – The five billion pound Strathclyde pension fund has put out two tenders of up to 1.05 billion pounds (1.52 billion euros) following an asset liability study.
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Ex-PM Juppe backs French pension reform
FRANCE – Former prime minister Alain Juppe has praised the French government’s handling of the pension reform.
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New data shows UK pooled funds down 4.4%
UK – UK pooled balanced pension funds’ median returns for the first quarter were –4.4%, according to research from Russell/Mellon CAPS.
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French unions set date for pensions strike
FRANCE – France’s six biggest unions have named Tuesday May 13 as the day on which they will strike in protest against the government’s proposed pensions reforms.
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Pension funds targeted with new SLAM fund
UK – Swiss Life Asset Management UK is targeting pension funds wishing to gain global exposure to equity markets outside the UK with the launch of a new fund.
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French asset managers increase SRI capability
FRANCE – French investment firms are rapidly expanding their socially responsible investment management capabilities, reveals a study by SRI information provider Novethic and consultant Amadeis
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UK’s BoS restructures e1.73bn pension fund
UK – Edinburgh Fund Managers and Baring Asset Management have lost their mandates for the Bank of Scotland’s 1.2 billion pound (1.73 billion euro) pension scheme as a result of a complete restructuring of the fund.
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UK pooled fund woes continue - HSBC
UK – Pooled fund returns for the first quarter of 2003 “offer little consolation for pension scheme trustees” says HSBC’s actuarial consulting arm.
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UK’s Railpen taps Mellon for accounting services
UK – The investment arm of the UK Railways Pension Trustee Company, Railpen Investments, has appointed Mellon European Fund Services to provide investment accounting services.