All articles by Hugh Wheelan – Page 28
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ABP announces SRI investment experiment
NETHERLANDS – The e150bn Dutch superfund ABP has announced its first ‘experiment’ in socially responsible investing (SRI) with the creation of two internally managed SRI portfolios based on research provided by US group Innovest Strategic Value Advisors....
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Gartmore gets SICAV ok in Belgium and Germany
EUROPE – UK investment manager Gartmore has received authorisation for the public distribution of its SICAV range of funds in Belgium and Germany....
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EFRP slams life-insurers inclusion in Directive
EUROPE – The European Federation for Retirement Provision (EFRP) has come out strongly against proposals by the European Parliament (EP) to create a level playing field for supplementary pension scheme providers, claiming that the Karas report gives life insurers ‘special advantages’ when operating in the occupational pensions’ market....
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EFRP queries 'high price' of Parliament directive
EUROPE - The compromise of the Karas report to secure a majority in the European Parliament has come at a high price, according to Kees van Rees, chairman of the European Federation for Retirement Provision (EFRP)....
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Parliament has 'erred' on directive, says EFRP
EUROPE – The European Parliament (EP) has turned its report on the occupational pensions directive into a social reform policy, ousting the proposals by the European Commission for a financial services directive, the European Federation for Retirement Provision (EFRP) has warned....
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Deloittes loses influential Belgian director
BELGIUM – Paul Roels, a director with the Brussels office of consultant Deloitte & Touche, has quit the firm to join mutual pension insurance company Integrale....
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Commission rebuffs Parliament on directive
EUROPE – The European Commission has poured cold water on last week's landslide vote by the European Parliament on the Karas report for the supplementary pensions directive, by saying that it will not be able to accept around half of the amendments made to its original directive proposal.....
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PIMCO pulls in $165m in first Danish mandates
DENMARK - US fixed income specialist PIMCO Global Advisors has scooped its first mandates in the Danish market, picking up three high yield briefs from separate pension funds worth a total of $165m (e197m)....
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Dutch self-employed schemes win government battle
NETHERLANDS – The Dutch umbrella organisation for the pension funds of approximately 65,000 self-employed workers, the Unie van Beroepspensioenfondsen (UvB), has staved off potential action by the Dutch government that could have forced members to pay up to 30% extra per year in contributions....
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Mantel to lead Baring UK/Europe investment team
UK/EUROPE – Jan Mantel joins Baring Asset Management (BAM) next week as director and head of its UK and Europe investment team....
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Northern Trust brings in new multi-manager heads
US/UK – Northern Trust Global Advisors, the groups’ multi-manager affiliate, has appointed Margaret Towle as chief investment officer (CIO) and Bill Huffman as chief operating officer (CEO), with both to be based in the US...
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European Parliament adopts pensions directive
EUROPEAN DIRECTIVE SPECIAL – The European Parliament has voted by a landslide two-thirds majority to adopt the Karas report for a directive on occupational pensions....
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Karas demands directive action from Member States
EUROPEAN DIRECTIVE SPECIAL – Austrian MEP and Parliament Rapporteur for the European pensions directive, Othmar Karas, has followed today’s landmark vote in the Parliament by calling for immediate action in the European Commission and the Ecofin Council of Ministers....
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Dutch funds start pooling talks for e5bn in assets
NETHERLANDS – Six Dutch pension funds due to move into shared offices in Rijswijk early next year have started investigations into the pooling of their assets in a move they claim could save them up to e2m per annum....
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Directive goes to Parliament vote tommorow
EUROPE – The European Parliament will vote tomorrow (Wed July 4) at midday (CET) on the long-awaited directive for occupational pension funds, despite an overrun in today’s (July 3) preliminary debate, which sees parliament reassemble at 9pm tonight for further discussion....
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£1.9bn Edinburgh fund drops DeAM for Blackrock
UK – The £1.9bn (e3.4bn) City of Edinburgh Council Lothian Pension Fund has pulled an approximately £150m European equities brief from Deutsche Asset Management and split the balance between Bank of Ireland Asset Management (BIAM) and Edinburgh based Blackrock....
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Deutsche appoints EMEA fund management head
UK - Deutsche Asset Management (DeAM) has announced the appointments of Brian Collings as head of emerging Europe, Middle East and Africa (EMEA), and Andrew Ness as a fund manager for the same regions, in a bid to strengthen its global emerging markets investment capability....
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Cordius opens subscriptions for new fund of funds
BELGIUM – Cordius Asset Management has opened the subscription period for a new fund of funds that invests in the shares of other investment funds themselves investing in European equities....
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Morley comes clean with SRI pooled fund range
UK – Morley Fund Management has launched a range of SRI pooled pension funds available to UK pension schemes....
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Martelli joins SSGA's Italian institutional team
UK/ITALY – Margherita Martelli has joined the London based Italian institutional sales team of State Street Global Advisors (SSGA)....
