All articles by Hugh Wheelan – Page 20
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News
Legal & General scoops £240m from Northumberland
UK - The £430m (e694m) Northumberland County Council Pension Fund has appointed Legal & General to a £240m passive global equity brief, shedding its previous balanced arrangements with Schroders and Merrill Lynch Investment Managers....
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News
MAN hires European sales manager
UK – Hedge fund outfit MAN Investment Products (MIP) has hired Paolo di Montorio-Veronese as regional manager, Europe, for its London-based sales team....
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News
HSBC-CCF buys back Sinopia Asset Management
FRANCE - HSBC CCF Asset Management has begun to buy back the stake in Paris-based quant firm Sinopia Asset Management that it floated in 1998, with the purchase of over a million shares from Belgium’s KBC Group, Spanish bank BBVA and Mellon Financial Corporation for a price of e27.5 per ...
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News
EU proposes rules on pensions distance selling
The European Union yesterday (Sep 27) forged a political agreement on common rules for selling contracts for investment funds, pension plans and credit cards, amongst others, to consumers by phone, fax or internet....
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News
AFPEN produces French pension fund template
FRANCE – AFPEN, the French association of pension funds and retirement regimes has created a template for occupational pension funds in France, updating the initiative of 1997’s Loi Thomas and aligning itself with the direction of the European directive on second pillar provision....
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Danish pension insurers in bonus reserve wipeout
DENMARK – PFA, the Danish insurance group has announced losses of some DKK 18.2 billion – completely wiping out the group’s bonus reserves and forcing it’s pensions arm into emergency talks with the Danish Financial Supervisory Authority - as a result of falling equity markets after the shock in the ...
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Features
Implementing strategy shifts
Looking at the practical implications for pension funds wanting to implement strategies in response, Nizam Hamid, director of portfolio and index research at Deutsche Bank, says the first issue for institutional investors in the current market conditions has been how to put effective hedges on existing positions. “A more important ...
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News
SEB hires Klagsburn to head new investment unit
SWEDEN - Harry Klagsbrun has been named as the new executive vice president of Swedish financial services group SEB and head of SEB Invest, its investment management arm....
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News
Swedish regulator issues insurer reserves warning
SWEDEN – The Swedish financial supervisory authority - Finansinspektionen(FI) has issued a warning about unsatisfactory reserves in six Swedish life insurance companies, adding that it will sharpen its supervision of these companies due to the recent falls in the stock markets.
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News
Mercer urges calm amidst market storms
Consultant William M. Mercer is cautioning pension funds not to make hasty investment decisions in response to current market volatility....
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News
Allied Irish and BoNY in custody tie-up
Allied Irish Bank (AIB) and The Bank of New York (BoNY) have formed a new fund administration joint venture in Dublin to target the domestic Irish and global custody and trustee businesses....
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News
Watsons poaches PWC team for new Belgian arm
BELGIUM – Watson Wyatt in Brussels has pulled off a significant coup in the Belgian market by luring a team of senior management staff from rival firm PricewaterhouseCoopers (PWC), including PWC’s forming insurance consulting team head, Karel Goosens, to head up a new insurance consultancy division.....
