All articles by Hugh Wheelan – Page 15
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Portuguese Q3 pension fund performance dips
PORTUGAL – Portuguese pension fund returns mirrored the negative trend in financial markets for the third quarter of 2001 by registering a median return of –3.6%, according to figures produced by consultant Watson Wyatt....
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Survey says Dutch fund governance needs to improve
NETHERLANDS - Half of Dutch pension fund board members in small schemes spend less than five hours a month on fund business, while there is a lack of specific investment knowledge amongst pensions boards, according to a survey on pension fund governance by Frank Russell and the Amsterdam Vrije ...
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SFr10bn Swiss Post fund gets go ahead
SWITZERLAND – The country’s Conseil Fédérale today gave the final green light to the transfer of some 70,000 postal workers from the traditional federal pension plan into an SFr10bn (e6.5bn) pension foundation for the Swiss post office....
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Estonia launches funded pensions system
ESTONIA - Estonia is to introduce a funded second pillar pensions system from January 1 next year, with expectations that around 400m Estonian kroons (e26m) could flow into funds in the first year in a system that is open to domestic and foreign banking outfits....
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Jørgensen to head DeAM Nordic sales push
NORDIC REGION - Deutsche Asset Management (DeAM) has poached Steen Jørgensen from Schroder Investment Management to become the firm’s head of institutional sales for the Nordic region....
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US firm triumphs as AP7 e180m alternatives advisor
SWEDEN – US specialist investment consultancy firm New England Pension Consultants (NEPC) has beaten a field of some of Europe’s biggest consultants to become the advisor to Sweden’s e2.3bn AP7 fund for a tender worth around e180m in hedge fund and private equity assets, according to sources close to the ...
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GE hires UK/Ireland institutional sales director
UK – London-based GE Asset Management Limited has hired Gary Walker to become its regional director for institutional sales & marketing in the UK and Ireland....
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Sweden's AP7 reveals e180m hedge/venture plans
SWEDEN - The e2.3bn AP7 fund – the default fund for Sweden’s PPM system - has laid out its plans for the investment of around e180m in hedge fund and private equity assets in tandem with the selection of a consultant to advise on the process....
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AP7 shortlists six advisors for alternatives brief
SWEDEN - The e2.3bn AP7 fund has whittled down its search for an advisor to an approximately e180m tender for hedge fund and private equity exposure to a shortlist of six consultants, with a public decision expected in the next few days.....
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Gensec becomes 'io' in Europe multi-manager push
EUROPE – South African investment firm, Gensec International Asset Management, has rebranded itself to become io investors, in a bid to refocus its multi-manager offering to the European market....
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Fund managers heed profit warnings, says PwC
FUND MANAGEMENT – The fund management industry appears to be responding to warnings of significant profit declines after a year of increased competitive pressure, with profit margins falling less than expected reports, according to a survey by consultant PricewaterhouseCoopers....
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Cross-border real estate investment rises
EUROPE - European cross-border investment in real estate rose for the third quarter of this year but remains some 25% below the record figures of last year, according to the latest report from DTZ Research....
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FTSE4Good completes SRI index line-up
UK – The socially responsible investment (SRI) index, FTSE4Good, has today (November 19) completed its line-up of SRI benchmarks with the launch of two new indices, the FTSE4Good Global Index and the FTSE4Good US Index....
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Schroder Pensions adds to DC multi-manager funds
UK - Schroder Pensions has added five new funds to its defined contribution (DC) multi-manager platform , three from Scottish fund manager Baillie Gifford and two from Morley....
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JPMorgan retains £6.8bn ICI custody mandate
UK – The £6.8bn (e11bn) ICI Pension Fund has reappointed JPMorgan Investor Services as its global custodian for a further three years following an extensive review....
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Nomura hires veteran UK institutional adviser
UK - Nomura Asset Management has appointed Philip Sellers, CBE, a former trustee to the Post Office Pension Funds (now Consignia), as an adviser to its London based institutional operation....
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Companies failing on governance, says NAPF
Only 19% of Britain’s top companies meet investors’ highest corporate governance expectations, according to a survey carried out by the UK National Association of Pension Funds (NAPF)....
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JP Morgan launches market protected fund
UK - JPMorgan Fleming Asset Management has launched a new fund that seeks to provide institutional investors with full capital protection from stock market fluctuations....
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Fidelity offers three new institutional funds
UK/EUROPE - Fidelity Investments has launched three new institutional pooled funds, the UK Multi-Manager, UK High Alpha and pan-European Funds, to meet what it believes is a gap in the market for small and medium sized pension plans....
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Lennard: Mercury
UK – Mercury Asset Management (MAM) had been “under pressure” to boost performance after several years of flat returns when Carol Galley appointed a 27 year-old fund manager, Alistair Lennard, to manage the £600m USF UK equity portfolio, the high court was told today (November 14). ...
