All articles by Hugh Wheelan – Page 22
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UK £5bn fund appoints five private equity managers
UK – The £5bn (€8.1bn) Bradford-based West Yorkshire Pension Fund, the scheme for local government workers in the region, has appointed a raft of private equity managers as part of a move to increase venture assets to around four per cent of the fund’s portfolio in the next few years....
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WestLB suspends Luxembourg fund calculations
US SPECIAL - LUXEMBOURG - The board of directors of the Luxembourg-based WestLB Compass Fund, have suspended the calculation of net asset values (NAV) for its sub-funds, following on from the terrorist attacks in the US on Tuesday....
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James Walker appoints Mercer as scheme actuary
UK – The £26m pension scheme of international industrial seals group James Walker has appointed William M. Mercer as actuary, administrator and investment consultant to the firm’s defined benefit plan....
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Deutsche beefs up Dutch institutional presence
NETHERLANDS - Deutsche Asset Management (DeAM) has appointed former Barclays Capital Benelux chief Michel Alofs as a senior institutional sales manager for the Netherlands, in what the firm says is a clear indication of its intent to increase institutional business in Holland....
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Unilever gets date for MAM high court showdown
UK - The £4bn Unilever Superannuation Fund is to finally present its £100m law suit against Mercury Asset Management, instigated in 1999, to the High Court on October 15.....
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Europe's indices halt trading as mark of respect
EUROPE/US - European stock exchange indices responded to the tragic events in the US yesterday, by carrying out a one-minute silence and simultaneous halt of trading at 2.45pm CET today....
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Morgan Stanley chief addresses US tragedy
US SPECIAL: Philip Purcell, chairman of Morgan Stanley, which employed some 3,500 people in the World Trade Centre complex, has spoken compassionately about yesterday’s tragedy, while seeking to reassure clients that the firm’s businesses are functioning normally....
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AXA pulls in former UBS chief to head up equities
UK/Global - AXA Investment Managers (AXA IM) has lured Richard Semark from UBS Asset Management to become its London-based global head of equity trading, with effect from November 1....
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EC pensions tax MEP calls on Commission to act
EUROPE – Ieke van den Burg, the Dutch MEP and European Parliament rapporteur on pensions taxation issues, is calling on the European Commission to present an action plan on pensions by the time of the EU summit in Barcelona in Spring 2002....
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GE poaches Schroders director in Europe push
UK/EUROPE - GE Asset Management has poached Schroders director of international and Scandinavian business, John Simpson, in a bid to expand its European institutional operations....
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Andersen gets new global financial services head
GLOBAL – Financial services consultancy Andersen has promoted Stephen Kingsley to the position of global head of its financial services industry (FSI) practice....
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Danish pension association cancels EFRP membership
DENMARK – The Danish association for company pension schemes, Foreningen af Firmapensionskasser, is to cancel its membership of the European Federation for Retirement Provision (EFRP) at the end of the year, citing dwindling membership of the association due to a fall in the number of Danish company pension plans....
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Swiss banker becomes AIMR chairman
SWITZERLAND/US - Philippe Sarasin, managing partner with international investment bank Lombard Odier & Cie in Geneva, Switzerland, has been elected chair of the board of governors of the 50,000-member Association for Investment Management and Research (AIMR).....
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CSAM appoints European equity research head
Credit Suisse Asset Management (CSAM) has appointed Ella Brown to the position of London head of European equity research....
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F&C appoints Cole to top HR slot
UK/EUROPE - F&C Management Limited, has announced that it has appointed Peter Cole as group head of human resources, a new position on its executive board....
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Friends First Asset Management fuses with F&C
IRELAND – European asset management group F&C is to integrate the money management business of Irish financial group Friends First into its own operations, in a further bid to consolidate the investment management strands of its insurance firm parent Eureko, which bought F&C in May this year.....
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ABP appoints Achmea director as CIO for equities
NETHERLANDS - Jan Straatman, the former director of asset management (CIO) at Achmea Global Investors has been appointed as chief investment officer for equities with ABP Investments in Amsterdam, the investment arm of the e150bn Dutch pension fund....
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Index tracking growth bucks market slump
UK - Investment in UK index tracking funds continues to grow, despite the setback in the UK market in recent months, according to research firm Standard & Poor’s....
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UCW Pensions selects Rothschild for fund assets
UK – The £32m (e52m) UCW Pensions 2001 scheme, which provides pension benefits to sections of the employees and former employees of the Communication Workers Union, has selected Rothschild Asset Management (RAM) to manage a multi-asset mandate for its entire assets....
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World's first index to track exchanges launched
FTSE has teamed up with Mondo Visione, publisher of the Handbook of World Stock, Derivative and Commodity Exchanges, to produce the world’s first index for tracking listed exchanges and other trading venues.....
