All articles by Helen Avery – Page 51
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News
French utilities unions mull pensions protest
FRANCE - France’s energy unions are preparing to strike on November 14 over changes to their pensions system brought about by the forthcoming privatisation of Gaz de France (GdF) and Electricite de France (EdF).
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News
Swiss funds face increasing 'fiduciary risk'
SWITZERLAND - The majority of Swiss pension funds are not adequately geared to face today’s market conditions, reveals a survey by RCP & Partners, European fiduciary rating agency in Geneva. As a consequence, beneficiaries in defined contribution plans are facing increasing fiduciary risk.
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News
Threadneedle in German bond certificate launch
GERMANY/UK – UK fund manager Threadneedle Investments has extended its links into Europe by collaborating with Dresdner Kleinwort Wassserstein to launch a German bond certificate, “Rendite Extra Zertifikat”. The new bond certificate has a total size of e500m and invests in Threadneedle’s Rendite Strategie index, comprising of five of Threadneedle’s ...
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News
Lehman introduces Danish mortgage index
DENMARK - Lehman Brothers is to launch a stand alone Danish Mortgage Index, which will include investment-grade, fixed-rate mortgages denominated in Danish krone.
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News
UK pensions minister extends hand to businesses
UK – Work and Pensions Secretary, Andrew Smith, has invited business leaders to form a pensions task force, whereby employers, Government and individuals work together to encourage greater savings.
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News
Dundee seeks specialist manager for bond mandate
UK - Dundee City’s £775m (e1.21bn) Tayside superannuation fund is tendering for a fund manager to manage a £93m bond mandate. The scheme joins the latest in a line of UK funds switching from a balanced strategy to a specialist strategy.
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News
Essex takes specialist route for e2.35bn fund
UK - Essex County Council has restructured its £1.5bn (e2.35bn) pension fund resulting in eight new specialist mandates, and costing Merrill Lynch its balanced active mandate.
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News
Morley gains e320m mandate from Nationwide
UK- Nationwide Investment Group has appointed Morley Fund Management to run a £200m (e320m) balanced mandate, replacing previous manager Schroders.
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News
UK funds' dramatic turn to specialists
UK – UK pension funds are turning evermore frequently to speciality managers, according to a study by Greenwich Associates. Over the past five years, use of specialist managers has more than doubled, from 41% in 1998 to 89% in 2002. The share of total assets managed by specialist managers has ...
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News
Pioneer boosts German sales team
GERMANY - Pioneer Investments is bolstering its international business with four new appointments to its German sales division.
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News
Warning from IAPF as Irish pensions assets tumble
IRELAND - John Feely, chairman of the Irish Association of Pension Funds (IAPF), has offered a word of warning to those planning saving for retirement, following a survey which shows total assets of Irish pension funds to have fallen to e43bn this year from e50.6bn at the end of 2001.
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News
Aon appoints Wilken in Amsterdam
NETHERLANDS - Aon Consulting has apppointed Bob Wilken as a senior consultant in its Amsterdam office. Formerly, Wilken held management and account management positions at Delta Lloyd NV.
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News
BGI launches Europe equity neutral fund
UK - Barclays Global Investors (BGI) has launched a European equity market neutral fund, aimed at hedge fund of fund providers, institutional investors and family offices.
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News
US private equity firm Advent opens in Spain
SPAIN- US private equity firm, Advent International, is opening an advisory office in Madrid. Jaime Carvajal Urquijo, Juan Díaz-Laviada and Luis Camilleri will be heading up the operation.
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News
Pioneer France names head of institutional clients
FRANCE- Pioneer Investments (France) has appointed Astrid Lubin to the new position of head of institutional clients for France. She will be responsible for the promotion and development of alternative investments and will be based in Paris.
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Features
Russian pensions 'opening up'
Pension system reforms in Russia and the CIS could open doors to those countries for foreign fund managers. Russia has been tackling the issue of non-state pension funds reform for 10 years. Introduced only in 1991, by 1993 there were already 1,000 non-state schemes. As tough requirements were introduced, however, this figure shrank. As of 2001, there were 268 non-state pension funds in Russia with e1.6bn in total assets.
