All articles by Hugh Wheelan – Page 33
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AXA heeds Myners and announces flat fee charges
AXA Investment Managers in London has announced that it is to negotiate flat fee rates on investment services for its UK pension fund clients, becoming the first manager to propose abandoning so called ‘soft commissions’ following the recommendations of the government-initiated Myners report into institutional investment....
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DeAM builds Swiss institutional presence
SWITZERLAND – Deutsche Asset Management (DeAM) has appointed Eleonora Rajmann as vice president, institutional sales for its Zurich office, in a move designed to build on the group’s retail focus in the country....
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Hedge fund strategies enjoy record first quarter
Net flow of assets into hedge funds for the first quarter of this year at $6.9bn (e8bn), was the biggest since the first quarter of 1998, according to the latest figures from TASS, the hedge fund database group...
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PMI says surplus issue may breach Human Rights Act
UK – The Pensions Management Institute (PMI) has warned the UK government that recommendations in the Myners report on employer access to pension fund surpluses may be challenged by employees under the Human Rights Act...
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Dexia bids for Kempen to boost Dutch presence
LUXEMBOURG/NETHERLANDS – Dexia Banque Internationale à Luxembourg (Dexia BIL) has made an approved e1.05bn takeover bid for Amsterdam based mid and small cap specialist investment group Kempen & Co...
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ABP appoints ABN AMRO Mellon for e50bn custody
NETHERLANDS – Europe’s largest pension fund the e150bn Heerlen based ABP scheme for Dutch government and education employees has appointed ABN AMRO Mellon as custodian for around e50bn in European assets....
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PGGM boosts venture allocation to 7.5%
NETHERLANDS – Zeist based NLG110bn (e50bn) Dutch fund PGGM is to continue increasing its investment allocation to private equity to 7.5% of its portfolio by the end of this year, following stellar performance from the asset class in 2000....
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Germany's trade union giant in pension fund talks
GERMANY - Three million German employees could have the possibility to join funded pension schemes within the next few months under pensionskasse or new ‘pensionfond’ arrangements being negotiated by the world’s largest trade union, Hamburg based ver.di.
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European Parliament endorses social/pensions link
EUROPE – The European Parliament is urging the Swedish presidency to put the pensions debate high on the agenda of the forthcoming European Council meeting in Gothenburg and link the debate on the costs of ageing and future social protection with the directive concerning financial markets access and cross border ...
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France's FIXAGE boosts consultancy team
FRANCE – Paris based actuarial consultant FIXAGE has boosted its épargne salariale and social protection division with the appointment of two new senior consultants from the French investment and insurance arena....
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MFR abolition will have no impact says APPB
UK – Abolition of the minimum funding requirement (MFR) will not halt the trend for pension funds to invest in a risk averse manner, Peter Tompkins, chairman of the Actuarial Profession’s Pension Board (APPB) has told the annual National Association of Pension Funds (NAPF) conference in Birmingham, which ends today ...
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Luxembourg multi-manager fund targets institutions
LUXEMBOURG – Premium Select Lux, the Luxembourg based multi-manager outfit, has unveiled a new multi-manager fund family for institutional and high net worth individuals....
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NAPF chairman exits with European challenge
UK/EUROPE – UK National Association of Pension Funds (NAPF) outgoing chairman Alan Pickering has called for European pension systems to be based on four cornerstones – diversity, inclusiveness, simplicity and stability - in his opening address at today’s (May 17) NAPF Annual Conference in Birmingham....
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Europe and MFR are the major issues says Thompson
UK/EUROPE – Peter Thompson, the incoming chairman of the UK National Association of Pension Funds (NAPF) has warned today’s annual conference in Birmingham (May 18) that one of the principal difficulties lying ahead for the UK pensions industry is to ensure that freedom of investment is not eroded as part ...
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JP Morgan picks up best European custodian award
EUROPE – JP Morgan Investor Services has picked up the award for best overall global custodian in Europe for the second year running in the annual Global Investor custody client satisfaction survey....
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Pension restrictions may be seen as trade barriers
EUROPE – Finnish MEP Piia-Noora Kauppi has called for the removal of a controversial clause in the forthcoming European directive on occupational pension funds, which would allow Member States to impose domestic restrictions on cross-border pension arrangements - claiming that acceptance of the clause could effectively mean a reintroduction of ...
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NIB launches e500m private equity fund of funds
NETHERLANDS - NIB Capital Private Equity, the Amsterdam based jointly owned venture arm of Dutch superfunds ABP and PGGM, is to launch an e500m private equity fund of funds arrangement in the coming months aimed primarily at pension funds in the Benelux region.....
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French manager launches first hedge fund
FRANCE – Paris based Sinopia Asset Management has launched its first alternative investment product – a long/short bond and money market hedge fund named Alternatime, aimed at institutional investors....
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2001 HedgeWorld hedge fund guide published
HedgeWorld Information Services has launched the HedgeWorld Annual Compendium 2001 – the reference guide for hedge fund investors, advisers, managers and service providers....
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Fund managers berate lack of broker focus
EUROPE – Fund managers have voiced their strongest concern yet over the role of analysts in investment banking work, with some 86% saying they felt that analysts’ involvement in corporate work diluted their institutional focus, according to this year’s Reuters Survey of European Smaller Companies....
