All articles by Helen Avery – Page 35
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News
Pioneer to offer hedge funds in UK
UK – Pioneer Investments, UniCredito’s fund management arm, is to offer its range of hedge funds to UK institutional investors.
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News
AXA Investment Managers names Italy CEO
ITALY – AXA Investment Managers Italia SIM has appointed Alessandro d’Andrea di Pescopagano as its chief executive officer.
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News
Io Investors makes hires in UK push
UK – Manager of managers firm Io Investors, part of South African financial services group Sanlam, has hired Old Mutual’s head of research as part of a UK push.
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News
DrKW criticises pension return assumptions
EUROPE – Even though companies should be reducing pension risk by increasing bond exposure they are unlikely to do so due to overly bullish return assumptions for their pension plans, says Dresdner Kleinwort Wasserstein.
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Schroders eyes asset management acquisitions
UK – Schroders has reported a 27% fall in asset management profits but says it is on the lookout for acquisitions in the sector.
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News
W. Sussex tenders custody mandate
UK – The southern English county council of West Sussex has tendered a mandate for a global custodian for its 710 million pound (1.03 billion euro) pension fund.
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News
UK pension fund returns hit 29-year low - WM
UK – UK pension funds reported negative investment returns of –13.9% in 2002 – the worst annual return since 1974, according to research conducted by the WM Company.
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Dutch TNO awards e30m real estate mandate
NETHERLANDS – Dutch pension fund investment manager MN Services has been appointed to run a 30 million euro international real estate mandate for the 1.2 billion euro TNO pension fund.
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Watson Wyatt makes Swedish hire
SWEDEN – Pensions consultancy Watson Wyatt has appointed Elisabeth Wass as head of employee benefits consulting services in its Stockholm office.
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Dutch pension coverage law under scrutiny
NETHERLANDS – Representatives of Dutch employers and employees have written to the government seeking a change in the law regarding pension fund coverage ratios.
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News
Swiss social security head Piller retires
SWITZERLAND – The head of the Swiss Federal Office for Social Security (BSV), Otto Piller, has retired.
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News
Credit Suisse hires ex-ABB pension chief
SWITZERLAND – Christoph Schenk, the former chief executive of ABB’s pension fund unit has joined Credit Suisse Asset Management as its new chief investment officer in Switzerland.
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CalPERS, CalSTRS highlight offshore tax havens
US – A group of US institutional investors, retirement funds and unions, including pension funds CalPERS and CalSTRS, have taken out a full-page advertisement in the Wall Street Journal urging Tyco and other expatriate companies to leave their offshore tax havens and return to the US.
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Features
Is Switzerland in crisis?
Switzerland has been teetering on the brink of a so called ‘pensions crisis’ for several months. When the government lowered the minimum guaranteed interest rate paid on occupational pension schemes from 4% to 3.25%, one sensed that all was not well with Switzerland’s second pillar system. With an increasing number ...
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Features
Surprise move by Bank of England
It has hardly been the most unpredictable first few months for the European bond markets in 2003. Economic situation – gloomy, war in Iraq – probable, ECB rate cuts – likely. An environment, which although has been positive for the European bond market, driving a sharp downward spike in yields, ...
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Features
Rescuing fallen angels
If there is one realm in which the theory ‘beggars can’t be choosers’ is surely disproved, it is that of the financial markets. Wounded by two to three years of weak global equity markets, investors are being thrown ever more choices as they forge ahead on their quest for positive ...
