All articles by Hugh Wheelan – Page 12
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State Street names Logue as new president
UK - State Street Corporation has named Ronald Logue, the current vice chairman, chief operating officer, and director of the group, as the new president of the company....
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Russell/Mellon buys performance measurer CAPS
UK/EUROPE – CAPS, the UK performance measurement company, jointly owned by Bacon & Woodrow, Watson Wyatt and William M. Mercer has been sold to Russell/Mellon Analytic Services, in a deal that will see a merger of the Russell/Mellon and CAPS UK and European Businesses....
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New Star guaranteed hedge fund closes at $180m
UK – The first capital guaranteed hedge fund launched by New Star International Investment Products has raised more than $180m (e201m) - a record for a single manager equity guaranteed hedge fund, according to New Star....
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CSAM CEO Colebatch to resign in 2002
SWITZERLAND - Phillip Colebatch, the chief executive officer of Credit Suisse Asset Management (CSAM), is to retire during the first quarter of 2002 after 17 years with the group.....
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PGGM outsources systems construction
NETHERLANDS – PGGM, the e50bn Dutch pension fund for workers in the healthcare and social sector, has outsourced the construction of its internal asset management operating systems to the European arm of US firm Financial Models Company (FMC)....
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AMJPE to run £20m Greater Manchester venture fund
UK – The Greater Manchester Pension Fund (GMPF) is to create a new £20m venture capital for investment in local business with Aberdeen Murray Johnstone Private Equity (AMJPE) winning the tender to act as advisors to the fund....
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Portuguese pensions law in limbo after PM resigns
PORTUGAL – Yesterday’s shock resignation of Portuguese prime minister, Antonio Guterres, after local elections swept his Socialist party from power in the country’s main cities and towns, has left the fate of proposed new pensions laws up in the air....
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Russell snaps up £40m Kodak equity mandate
UK - The £905m Kodak Limited Pension Plan, has hired multi-manager specialist Frank Russell Company to run a £40 million global equity mandate....
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Rothschild engineers £56m FKI bond brief
UK - Rothschild Asset Management (RAM) has been appointed by the trustees of the FKI Group Pension Scheme to manage the fund’s £56m bond exposure....
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Institutions lobby Germany on takeover directive
UK/GERMANY – A number of UK and US institutional investors, including Hermes, the investment manager of the British Telecom pension fund and Morley Fund Management, have written to the German government in protest at the country’s controversial opt-out clause from the EU corporate takeover directive.....
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Callund scoops award for Russian pensions work
UK/RUSSIA - Callund Consulting has been named British Small Consultancy Firm of the Year in recognition of its work on pension reform in Russia.....
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Mercer lures Barclays' Lacey to communications job
UK - Rosie Lacey has joined consultants William M. Mercer as a senior communications consultant....
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Parliament calls for financial services experts
EUROPE – The European Parliament’s Committee on Economic and Monetary Affairs is to set up a panel of financial services experts to advise it on the package of measures outlined in the Financial Services Action Plan - which includes the European pensions directive, and the Lamfalussy report.....
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Morley hires Tremblay for global COO role
UK - Morley Fund Management has appointed David Tremblay as global chief operating officer with responsibility for the group’s operations, IT, facilities and change management functions.....
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Spain to give companies tax boost for pensions
SPAIN - Spain looks set to introduce new rules on occupational pension schemes in the New Year after approval in the senate on rules to equalise pension fund board membership as well as give a tax boost to companies making pension contributions.....
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IBN adds four consultancy firms to global network
GLOBAL - International Benefits Network (IBN) has added four new member firms to its roster....
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Standard and Poor's buys Russian ratings firm
RUSSIA – Ratings agency, Standard & Poor's, has strengthened its presence in Russia with an agreement to acquire a majority stake in EA-Ratings, Russia’s first independent credit rating firm....
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NAPF and Deminor in European governance venture
UK - The UK National Association of Pension Funds’ (NAPF) Voting Issues Service (VIS) and corporate governance research and ratings advisor, Deminor Rating, have joined forces to offer coverage of major European companies in 16 countries....
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UK funds review managers in light of Unilever case
UK - Almost half of the pension funds surveyed by SEI Investments (47%) in the light of the Unilever/Merrill Lynch court case, settled out of court last week, say that they will review their investment management arrangements as a result....
