All articles by Helen Avery – Page 45
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News
Standard Life sees low inflation, low bond yields
GLOBAL – The rising global dependency ratio in the developed world will continue to encourage low inflation and low bond yields, says fund manager Standard Life Investments.
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News
State Street funds Deutsche buy with trust sale
US – State Street Corp. has announced the completion of the sale of its corporate trust business unit to US Bank, the lead bank of US Bancorp - the proceeds of which will provide partial funding for the acquisition of various units of Deutsche Bank’s Global Securities Services.
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Features
Portuguese improvement
A change in asset allocation by Portuguese pension funds has resulted in an improvement in returns in the third quarter, according to consultant Watson Wyatt. Median returns from the country’s segregated funds for the third quarter were –2.4% from -3.2% the previous quarter. The third quarter was a difficult period ...
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Features
Get ready for replays
The European Central Bank may have cut interest rates five times in 2002, but the market opinion is that “it’s not over till Wim Duisenberg sings”. Over the 12 month period, the ECB slashed the interest rate by 2% – the last cut arriving in December – but market participants ...
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Features
Fund managers up in arms
To say that the German government’s tax initiatives have not been well-received is to put it mildly. Just three months after being narrowly re-elected, the German government has managed to slip 22 percentage points behind the opposition in opinion polls following a series of proposed tax reforms. But the German ...
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Features
ABP ups premiums to protect fund
ABP, the e146bn Dutch civil service pension fund, has announced that it will raise the rate of contributions from employers and employees from 13% to 15%, as a result of weak stock markets. Fernando Jadoul, ABP’s director of public affairs, said: “After looking at the scheme’s financial position, we felt ...
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News
UK's Oxford Council tenders five mandates
UK – Oxfordshire County Council has put five mandates out to tender for management of its pension fund. The combined total of assets involved is 495 million pounds (772.5 million euros).
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News
Credit Suisse Asset Mgmt reorganises management
GLOBAL – Credit Suisse Asset Management has made a series of organisational changes, including the formation of a global executive committee and a reduction in the number of operating regions in a bid to bring the company in line with the Credit Suisse group.
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News
Hermes governance fund wins $100m Calpers backing
EUROPE/US – Calpers, eyeing a “tremendous opportunity”, has approved a 100 million dollar investment in a Hermes corporate governance fund which targets underperforming companies.
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News
Allianz chief Schulte-Noelle to step down
GERMANY – Beleaguered insurer Allianz AG says the chairman of its management board, Henning Schulte-Noelle, is to resign and be replaced by Michael Diekmann, a board member who is currently head of insurance activities in North and South America.
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UK Green Paper: key points and industry reaction
UK – The government’s pension reform proposals were released today and provided no surprises, though on balance the reaction from pensions experts, unions and financial associations was on the positive side.
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News
Marchand to head Norway’s Statens Pensjonskasse
NORWAY – The Norwegian government has appointed a new head for the State Public Sector Pension Fund, Statens Pensjonskasse. Gisele Marchand has been named as director for a six-year term.
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News
Germany plans investment tax amnesty
GERMANY – Next year could see 100 billion euros of offshore investments by German citizens return to the country of domicile, if plans announced by Chancellor Schroeder materialise.
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News
MLIM says it’s still winning European mandates
UK – Merrill Lynch Investment Managers says it is still winning “significant levels" of new mandates across Europe, despite a series of recent losses from UK local authority pension funds and its loss of the Merrill Lynch UK Investment Trust mandate.
