All articles by Hugh Wheelan – Page 27
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News
ATS23bn Austrian fund selects seven new managers
AUSTRIA – The Vienna based ATS23bn (e1.7bn) Vereinigte Pensionskasse has appointed a new roster of seven investment managers, including five international firms, to manage ATS8bn in assets under a new multi-manager, multi-style approach....
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TASS records largest ever hedge fund inflows
HEDGE FUNDS - The second quarter of this year saw hedge funds receive their largest inflow of assets in a single quarter since records began, according to figures compiled by hedge fund research outfit TASS.
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Robeco advises institutions to switch bond indices
NETHERLANDS – Dutch institutional investment manager Robeco has advised its institutional clients holding euro denominated fixed-interest investments to replace the current government loans index with an index consisting of both government loans and credits.....
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Mellon adds Lamere to executive management group
US - Mellon Financial Corporation has named David Lamere as the latest addition to the group’s now eight-member Executive Management Group, the firms most senior management body, which sets corporate strategies and policies and oversees day-to-day operations....
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Euronext puts options up for screen trading
NETHERLANDS – Euronext Amsterdam is to launch a pilot project in November to put option classes up for full screen trading for the first time in its history....
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Ross Goobey steps down at Hermes
UK – Pensions industry stalwart Alistair Ross Goobey is to step down from his position as chief investment officer at Hermes Pensions Management, the fund management arm of the BT pension scheme, at the end of the year....
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German scheme builds property fund with Hendersons
GERMANY – Henderson Global Investors has picked up its first property mandate for a German pension fund on the back of a sub-advisory investment management agreement with HypoVereinsbank, landing a £70m UK real estate portfolio from the Munich-based Bayerische Versorgungskamer....
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Zurich fund invests SFr300m with Philips & Drew
SWITZERLAND – The SFr12bn pension fund of the city of Zurich (Pensionskasse der Stadt Zurich – PKZ) has appointed UK fund manager Phillips & Drew to manager an approximately SFr300m (e199m) passive global equities mandate....
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Belgian social partners in sector fund drive
BELGIUM – The Belgian government and the country’s social partners have taken a significant step forward in the promotion of the Vandenbroucke law on sector-wide pension plans by issuing a joint statement calling for industry heads to introduce funds in the greatest number of sectors possible.....
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Aberdeen buys Ivory & Sime Asset Management
UK – Aberdeen Asset Management has bought out London based Ivory & Sime Asset Management (ISAM) from the Friends Ivory & Sime stable in a cash deal worth £6.5m plus the value of the net assets at completion – expected to amount to a further £2.1m....
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Full details of Irish reserve's e6bn outsourcing
IRELAND – The Irish National Pensions Reserve Fund Commission, the body appointed to oversee the management of the e7bn National Pensions Reserve Fund has revealed full details of the huge RFP for around a dozen investment mandates equalling e6bn in assets, as revealed by IPE-Newsline last Friday....
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Style Research appoints Nelson to open US office
UK/US – London based Style Research, the investment style advisory group, is to open its first US office before the end of year to be managed by Bernie Nelson, who joins the company from Scottish Widows Investment Partnership (SWIP)....
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NTMA unveils e6bn mandates
IRELAND – The Irish National Pensions Reserve Fund (NPRF) has finally unveiled details of the enormous tender process through which it will hire managers to invest approximately e6bn in assets.....
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CSAM brand falls as Mack becomes Credit Suisse CEO
SWITZERLAND - John Mack, the former CEO at Morgan Stanley, has resurfaced as CEO at Credit Suisse First Boston (CSFB), following the departure of former CS chief Allen Wheat....
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Portugal's e3bn reserve fund to start outsourcing
PORTUGAL – The e3bn Lisbon based Portuguese pension reserve fund, created in 1989 to plug the future hole in Portugal’s social security retirement payments, could outsource up to 20% of its assets to external managers by the end of the year....
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AIMR examines broker research influences
US/EUROPE – The Association for Investment Management and Research (AIMR) has produced an ‘issues’ paper examining the range of potential influences on the objectivity of broker research – one of the key points raised in the UK Myners report on institutional investment....
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HSBC gets 'aa' ratings boost from Fitch-AMR
FRANCE – HSBC Asset Management has been bumped up from a Fitch-AMR aa- rating to aa for its Paris based asset management activities...
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Hutton resigns from Morgan Grenfell Private Equity
UK – Deutsche Bank has brought in Sir Robert Smith as chief executive officer (CEO) at the group’s venture arm Morgan Grenfell Private Equity (MGPE) to replace former CEO Graham Hutton, who is leaving the firm following a disagreement over plans to sell the business to its management....
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Multi-manager Attica drops Newton for SGAM
UK – Attica Asset Management has dropped Newton in favour of Société Générale Asset Management (SGAM) to manage a portfolio for its multi-manager UK equity fund....
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EU ministers to produce joint pension report
EUROPE – European Union Member States’ social and financial ministers are to work together to produce a report on the overall state of EU pension systems by the end of the year, following informal discussions last weekend by European social ministers marking the Belgian takeover of the European presidency....
