Investor Strategy – Page 206
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News
KAS Bank names Tibboel as institutional director
NETHERLANDS - KAS Bank has named Egon Tibboel as director of institutional investors, a new role, in a revamp that has seen the creation of two new divisions.
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News
Watson Wyatt warns on higher Myners costs
UK – Pension consulting firm Watson Wyatt has warned of “unintended consequences” such as higher costs and disjointed decisions due to the Myners principles on the separation of asset allocation advice and manager selection.
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News
KAS Bank says it’s now more European
NETHERLANDS – KAS Bank, the Dutch securities services bank, said 2004 had been a “good year”, reporting a “considerable” number of new clients – and that it has transformed itself into a “European” player.
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News
BBC refuses comment on DeAM report
UK -- The BBC’s £6bn (€8.7bn) pension scheme has declined comment on a report that it has dumped Deutsche Asset Management (DeAM) in the UK due to poor performance.
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News
Poll finds pensions pose M&A threat
UK -- Almost half of the chief financial officers (CFOs) of leading companies in the UK say that the pension liabilities of companies they are considering buying or merging with are serious obstacles.
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News
Ilmarinen cuts stake in insurer Pohjola
FINLAND – Ilmarinen, the €15.9bn occupational pensions provider, has reduced its stake in insurance firm Pohjola to 9.24% as part of a transaction which has seen Suomi Mutual's holding in Pohjola rise to 49.64%.
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News
Ryan ALM offers daily liability monitoring
GLOBAL – Ryan ALM has unveiled a web-based system that monitors pension asset/liability risk on a daily basis.
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News
Irish reserve fund avoids bonds in tactical move
IRELAND – The National Pension Reserve Fund remained underweight its benchmark bond holding last year as a result of a “tactical decision” not to commit to bonds in the current interest rate situation.
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News
AXA IM names Moreau strategy aide
FRANCE - AXA Investment Managers has appointed Vincent Levita to the new position of director of strategy and innovation.
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News
‘Weakness’ found in Swiss fund
SWITZERLAND – An investigation into the management of the Basle City council employees’ pension fund, the PKBS, has highlighted “weaknesses in organisation” and “ lack of professionalism”.
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News
ABP adds to UK real estate portfolio
NETHERLANDS — Dutch civil service pension fund ABP investments has added to its holdings in listed UK real estate companies.
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Features
SBA to overhaul strategy
The €11bn SBA Artsenpensioenfonds (Pension Funds for General Practitioners and Medical Specialists) says it will overhaul its investment strategy following the departure of three senior staff in a restructuring. The scheme said it planned to “implement a passive management strategy” for its Pan-European and US large-cap equity portfolios, which represents ...
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News
Crédit Agricole, Caisse d’Epargne in custody tie
FRANCE - Crédit Agricole and Caisse Nationale des Caisses d’Epargne have confirmed they are looking at combining their securities services businesses - with a view to creating a “major player” in the industry.
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News
UK says schemes need to do more on Myners
UK – The UK government says it has reviewed the take-up of the Myners principles on institutional investment and found that “further action is needed” for pension schemes - in particular on trustee training and decision making.
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News
UK government report slams actuaries
UK – A new government-sponsored review of the actuaries in the UK has slammed the profession – finding among other things a concentration of advice to the largest pension funds and a possible restriction of competition.
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News
Metzler in German institutional asset boost
GERMANY - Citing robust investor demand for so-called “master funds,” Germany’s Metzler Asset Management says its institutional assets under management (AUM) have increased by almost one-third this year.
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News
SN says Dutch population ageing rapidly
NETHERLANDS - A quarter of the Dutch population will be over the age of 65 around 2040, Statistics Netherlands has forecast.
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News
US IT giant EDS to buy Germany’s BHW Invest
GERMANY -- BHW Invest, a German asset manager specialising in the so-called master fund concept, is to be sold to US information technology giant EDS.
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News
Akzo Nobel feels IFRS impact
NETHERLANDS - Pharmaceutical giant Akzo Nobel is to write down almost €500m in the new year in order to comply with the new international accounting standard.
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News
Lancashire CC Pension Fund allocates mandates
UK – The £2.5bn (€3.56bn) Lancashire County Council Pension Fund has appointed two new asset managers and retained two of his previous managers in a revamping of its portfolio. The changes followed an investment strategy review earlier this year.
