All articles by Hugh Wheelan – Page 17
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News
USF didn't 'second-guess' Mercury, says CIO Mayall
UK – The Unilever Superannuation Fund (USF) did not know about the technical level of risk involved in the investment of a £1bn portfolio by Mercury Asset Management (MAM) and could not be expected to “second-guess” the advice of the investment manager, Wendy Mayall CIO of USF today (Nov 1) ...
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News
Willis Corroon buys Danish investment consultancy
DENMARK – London-based risk management and insurance advisory firm Willis Corroon has bought out DCG Consulting, the Danish advisory company, in a bid to target the country’s growing investment consultancy and unit-linked market....
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News
Parliament to take first step on pension tax issue
EUROPE - The European Parliament committee on economic and monetary affairs (EMAC), will next week vote (November 6) on the adoption of the draft report on taxation of occupational pensions by Dutch socialist MEP, Ieke van den Burg....
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News
Blackstone lures Meaden for European hedge start
Nicola Meaden, chairman and CEO of hedge fund advisory group Tremont TASS (Europe) has quit the firm to join US outfit Blackstone Alternative Asset Management (BAAM), which establishes its first physical presence in Europe with the appointment.....
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Features
Ready for European tour?
The announcement by the €552m VKG-CPM Belgian pension fund for doctors, dentists and pharmacists that it had established a new healthcare sector pension fund, ‘Amonis’, with potential membership of 250,000 employees across the country, was not only one of the most significant in the Belgian pension market in recent times, ...
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News
USF may not have 'sufficiently' monitored Mercury
UK – The Unilever Superannuation Fund (USF) may not have sufficiently monitored the performance of its investment portfolios, nor considered what would happen in the likelihood that managers would underperform over a longer period than outlined in their manager agreement, it was alleged in the high court today, in the ...
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News
Unilever fund CIO Wendy Mayall in the witness box
UK - Wendy Mayall, chief investment officer (CIO) of the Unilever pension fund, today (Oct 30) took to the witness stand in the high court to defend the Unilever Superannuation Fund’s (USF) decision to sue Merrill Lynch Investment Managers (MLIM ) for £130m (e210m) alleging negligence by Mercury Asset Management ...
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News
ABP signs up to AIT market neutral fund
US/EUROPE - Advanced Investment Technology (AIT), a unit of State Street Global Alliance – the firm’s strategic partnership with e150bn Dutch pension fund ABP to invest seed capital in fledgling specialist asset management firms, has launched a long/short market neutral strategy product, securing ABP itself as its first client..... ...
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News
£2.3bn Boots fund sells entire equity holding
The £2.3bn (e3.7bn) pension fund of the Boots group has sold its entire equity and short-term bond investments and switched its allocation to sterling long-dated fixed rate bonds in a shift that the fund says will save it around £10m per annum in management fees.....
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News
AXA IM creates new alternative assets division
UK/FRANCE - AXA Investment Managers (AXA IM) has created a new structured and alternative investment management (SAIM) division within the firm to house its structured and hedge fund businesses....
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News
Alan Pickering named as EFRP chairman
EUROPE – Alan Pickering, the former chairman of the UK National Association of Pension Funds (NAPF) has been named as the new chairman of the European Federation for Retirement (EFRP), replacing Kees Van Rees, who leaves EFRP after chairing the association during the last four years (October 1997 – October ...
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News
Sweden's SEB Group in executive shake-up
SWEDEN - Annika Bolin has been appointed as head of the corporate and institutions division at Swedish investment manager SEB Group, after Monica Caneman, the current head of the division decided to leave the firm....
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News
SEK17bn Telia scheme tests hedge fund strategy
SWEDEN - The approximately SEK17bn Farsta-based Telia pensionsstiftelse (pension fund) for Swedish telecommunications company Telia, has made a foray into hedge fund investing to test the waters for future allocations to the asset class....
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News
KLM in-house fund manager becomes Blue Sky Group
NETHERLANDS - The pension fund manager of the KLM retirement schemes with total assets worth e7bn, has changed its name in light of a proposed ownership change and is poised to market its services as a third-party provider to other Dutch pension schemes....
