Investor Strategy – Page 185
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DNB consults on pension reporting pre-FTK
NETHERLANDS – The Nederlandsche Bank, the Dutch central bank, is consulting on pension reporting ahead of the implementation of the new FTK (Financial Assessment Framework) and Pension Law.
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Merrill European pension group head moves on
EUROPE – Dawid Konotey-Ahulu, head of Merrill Lynch’s European pensions and insurance group, is to set up his own firm.
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Irish construction scheme ups real estate
REAL ESTATE - The Construction Federation Operatives Pension Scheme (CFOPS), the Irish builders’ fund, has boosted its real estate allocation by 2% with a move into indirect investment (This story previously appeared on www.iperealestate.com).
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Directive to boost German Pensionsfonds - Bosch
GERMANY – Bernhard Wiesner, head of corporate pensions at Robert Bosch, says German multinationals will favour Anglo-Saxon-style Pensionsfonds due to the EU directive on occupational pension funds.
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GSAM gets $25bn asset inflow in quarter
GLOBAL – Goldman Sachs’ asset management business gained $25bn (€20.8bn) in net asset inflows in the first quarter.
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JP Morgan's Paterson joins NAPF
UK - JP Morgan Asset Management's David Paterson is to take over as head of corporate governance at the National Association of Pension Funds from Geoff Lindey.
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ABP’s Boogaard joins Straatman at Pearl (updated)
NETHERLANDS – ABP Investments fundamental stock selection fund manager Erna Boogaard has quit to become external management head at Pearl Group – entrepreneur Hugh Osmond’s UK-based life assurance fund investment vehicle. (updated)
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Merseyside tenders European equities
UK – The £3.8bn (€5.5bn) Merseyside Pension Fund is looking for a manager for a £100m European (ex UK) equities mandate.
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Finland’s Keva invests in Hermes European fund
FINLAND – The €17.1bn Finnish Local Government Pensions Institution, Keva, has invested in Hermes’ European Focus Fund.
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Ex-Hewitt’s Fitzpatrick joins BESTrustees
UK - Nick Fitzpatrick, the global investment-consulting chief at Hewitt Associates, has joined the BESTrustees team as associate.
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Pension Protection Fund CEO steps down
UK - Myra Kinghorn, chief executive of the Pension Protection Fund, is to step down in the spring – less than a year after it began operations.
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UK schemes still eye international equities – MAS
UK – The roughly 55%-45% split between UK and overseas equities in many pension fund investment portfolios could be on the road to complete reversal, according to Mellon Analytical Solutions.
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AXA IM posts 25% rise in AUM
GLOBAL – AXA Investment Managers’ assets under management rose 25% to €432bn in 2005, according to the annual results.
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PGGM’s Noordzij to get €500k severance deal
NETHERLANDS – Karel Noordzij, who unexpectedly quit as chairman at €71bn Dutch health care fund PGGM today, will get a severance package worth more than €500,000.
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MN Services names fiduciary head
NETHERLANDS – MN Services has appointed Philip Jan Looijan as fiduciary management chief of MN Services Investment Management and member of the investment management team from April 1.
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FRR tactical asset head Morel joins Natexis
FRANCE – Christophe Morel, head of strategy and tactical asset allocation at the €26.6bn Fonds de Réserve pour les Retraites or French Pensions Reserve Fund, has been appointed tactical asset allocation chief at Natexis Asset Management.
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BGI introduces Sudan divestment strategies
US - Barclays Global Investors has launched index strategies to help US pension funds to comply with new rules requiring them to divest of companies with ties to Sudan.
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Dutch doctors’ fund interim CIO moves on
NETHERLANDS – Ton Groeneveld, interim chief investment officer at Doctors Pension Funds Services, has left following the appointment of permanent CIO Jan Willem Baan.
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Hewitt opens human resources centre in Poland
POLAND – Hewitt Associates has announced the opening of a 300-person human resources outsourcing centre in Krakow, Poland.
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Hewitt CEO sees industry consolidation
GLOBAL – Dale Gifford, chief executive of Hewitt Associates, expects to see further consolidation in the human resources consulting and outsourcing industry in the coming years.
