All articles by Helen Avery – Page 6
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Mellon arm names institutional marketing manager
UK - Mellon Global Investments has expanded its institutional marketing team with the appointment of Keats Brydon as institutional marketing manager.
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Italy’s Scala theatre fund tenders for managers
ITALY – The autonomous Scala theatre pension fund is tendering for two managers and a deposit bank.
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Germany’s HVB boosts hedge fund service
GERMANY – HVB Alternatives has established a structuring and due diligence service for third party hedge fund companies in light of the new German investment law.
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Directive to benefit multinationals and largest asset managers - report
EUROPE – The EU pensions directive will greatly benefit multinationals, and open up opportunities to asset managers, says business information company, Datamonitor.
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State Street’s Logue says winning client trust essential for service providers
GLOBAL – As the trend towards outsourcing continues, service providers will not win business based on products, but rather on reputation and trust, says Ron Logue, president and chief operating officer at State Street.
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Fortis appoints Adams to expanded information role
BELGIUM – Fortis Investments has appointed Bob Adams as its new global head of information services, based in Brussels.
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Highland fund opts for three new specialist managers
UK – The Highland Council pension fund in Scotland has appointed Alliance Bernstein, Fidelity Investments and Schroder Investment Managers as Insight Investment loses its 300 million pound (435 million euro) mandate.
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ABP forms real estate venture in US with Prentiss
NETHERLANDS/US – Dutch civil servants pension fund, ABP, has agreed to form a joint venture with US real estate investment trust, Prentiss Properties Trust.
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Hewitt boosts Irish investment practice
IRELAND – Hewitt & Becketts is bolstering its investment consultancy business in Ireland, with the appointment of Evelyn Ryder.
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French unions give thumbs down to employers’ proposals
FRANCE – France’s trade unions have unanimously rejected the proposals by Medef designed to assist the supplementary pensions regimes, Agirc-Arrco.
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UK asset management fees higher, but value better - Mercer
UK – Despite higher fees, the UK asset management industry may offer better value for money now than in the past, according to research by Mercer Investment Consulting.
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CSAM appoints new head of emerging market equities
UK – Credit Suisse Asset Management has appointed a head for its emerging markets equities team.
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M&G appoints head in Italy
ITALY – M&G Investments has bolstered its Italian team with the appointment of Massimo dalla Vedova as head of Italian sales.
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French reserve fund set to announce manager list
FRANCE – The French pension reserve fund, le fonds de reserve pour les retraites (FRR), has confirmed that it will be announcing the shortlist of fund managers in the second half of next month.
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German investment funds gain E48bn
GERMANY – German investment funds have seen net inflows of 48.7 billion euros in the first three quarters of 2003, according to the latest statistics from the BVI.
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Italians take to streets over pension reform
ITALY – Over a million Italians today took to the streets to protest against the proposed pension reforms.
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Extending working lives essential - UK minister
UK – The UK’s pensions minister has defended the government’s plans to offer a lump sum to people who retire late, saying that extending working lives is essential.
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Pensplan tenders global equities via IPE-Quest
ITALY – Centrum PensPlan has put out to tender a global equities mandate via IPE-Quest.
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UK not ready to raise state pension age - report
UK – The UK is not ready to raise the state pension age, says the Pensions Policy Institute, but it should be kept as a “live policy issue”.
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Nordic institutions move to alternatives - survey
NORDIC – Nordic institutional investors are continuing to move into alternative assets, according to research conducted by Prospera Research.