All articles by Hugh Wheelan – Page 21
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Merrill Lynch investment chief quits the firm
US - Merrill Lynch has announced that Robert Doll has been promoted from the position of CIO to president of Merrill Lynch Investment Managers (MLIM) in a move that sees him replace former MLIM chief, Jeffrey Peek, who is leaving the firm....
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Talks on pan-European industry fund revealed
BELGIUM/EUROPE – European healthcare sector pension funds have started preliminary discussions over the possible creation of a pan-European industry fund, according to Amonis the newly created healthcare sector fund in Belgium....
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Belgian health sector fund could attract 250,000
BELGIUM – Yesterday’s announcement in Brussels that the VKG-CPM, €552m Belgian pension fund for doctors, dentists and pharmacists, had established a new supplementary healthcare sector pension fund, ‘Amonis’, with a potential active membership of 250,000, is possibly one of the most significant in the Belgian pensions and investments markets in ...
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Watsons poaches Mercer chief for Swedish office
SWEDEN – Watson Wyatt has poached Johan Sidenmark the former head of rival consultant William M.Mercer’s Stockholm-based retirement practice, to head up the firm’s own Stockholm employee benefits business....
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Edge quits Royal London AM after just six months
UK - Chris Edge has resigned from the post of head of sales and marketing at Royal London Asset Management (RLAM) after just six months in the job, following a disagreement on business strategy with RLAM CEO Chris Phillips....
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USS picks Hendersons for £225m enhanced core brief
UK – The £22bn (e35bn) Universities Superannuation Scheme (USS) has selected Henderson Global Investors to manage a £225 million portfolio of UK equities using the firm’s ‘enhanced core’ active investment management approach....
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Swiss funds slump in first half of 2001
SWITZERLAND – Swiss pension funds have recorded negative investment returns for the first six months of this year with a median return of –2.2%....
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Half of Europe's schemes hit by US tragedy
Almost 50% of European pensions funds say they have experienced a notable impact on their fund assets in the light of the terrorist attacks in the US last week and the subsequent fallout of global markets, according to a survey by IPE-Newsline...
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Mercer scores investment brief at rugby union fund
UK - William M. Mercer has been appointed as actuarial, administration and investment consultant for the £3 million Rugby Football Union defined benefit pension plan....
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SEB launches Luxembourg venture fund of funds
SWEDEN – Swedish investment bank SEB has launched a Luxembourg-based private equity fund of funds for institutional and private investors with the assets invested in a globally diversified portfolio of private equity funds.
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FöreningsSparbanken and SEB scrap merger plans
SWEDEN – Swedish banks FöreningsSparbanken and SEB have scrapped merger plans following intervention by the European Commission’s (EC) competition authority, citing a lack in value for the merger under EC conditions for the fusion....
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Dutch funds raise foreign assets by 7% this year
NETHERLANDS – Dutch pension funds increased their overseas investment exposure by 7% in the first six months of this year to take their total overseas investment to 67% of portfolios, according to figures from the Dutch Ministry of Economic Affairs....
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FTSE4Good in first index rebalancing
GLOBAL – FTSE has carried out the first review of its fledgling SRI index FTSE4Good, deleting four firms from the FTSE4Good Global 100 index, including Germany’s Hypo Vereinsbank and Compaq Computers of the US.
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Internet pension solutions may be costly mistakes
Major electronic human resources (HR) investments and internet-based pensions solutions could become costly mistakes for firms without the in-house technical know-how to assess fully their benefits and drawbacks, according to consultants Watson Wyatt....
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Swedish funds appoint Carlson to global portfolios
SWEDEN – The Swedish county council (Landstinget) of Västmanland has appointed Skandia-owned Carlson Investment Management to a global balanced mandate representing around SEK 50m (e5.2m) in assets.....
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Stock lenders hit back at 'short selling' critics
US SPECIAL – Stock lending operations within investment houses have hit out at reports that they may be inadvertently fuelling a market in short selling in the current volatile economic climate following Tuesday’s terrorist attacks in the US.....
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Russell strengthens Dutch institutional sales team
NETHERLANDS - Frank Russell has appointed Oscar Pesch as sales and client service manager within its institutional investment services team in Amsterdam....
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Sweden's AP3 loses SEK5.6bn so far this year
SWEDEN – The SEK131.5bn (e13.7bn) third Swedish National Pension Fund (AP3) has recorded losses of around SEK5.6bn for the first six months of this year, according to its half yearly report....
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Standard and Poor's upbeat on market post disaster
US SPECIAL – Standard & Poor’s (S&P) has issued an upbeat statement on the impact of Tuesday’s terrorist atrocities in the US on global financial markets, claiming that the effects will not be detrimental over the long term....
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FOA says world markets will ride out crisis
US SPECIAL – The Futures and Options Association (FOA) is seeking to reassure investors that the world’s markets and clearing and settlement systems have sufficient maturity and strength to deal with the aftermath of the US crisis....
