All articles by IPE staff – Page 38
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Features
Fund's reputation for being 'a step ahead' is confirmed
What the judges said: “Inarcassa is to be commended for its attention to detail on its asset allocation modelling and decision-making, as well as an excellent presentation, obviously supported by good research. The judges also praised Inarcassa’s “clear decision-making process, external performance monitoring and good risk controls”. Inarcassa’s pension fund ...
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Features
Acknowledgement for the hard work in creating a new model
The Fonds de Pension Métal (FPM), Belgium’s sector-wide pension fund for its 150,000 metal industry workers, was delighted to learn that it had won the IPE Award for fund structure and innovation. A number of judges welcome it as the first real moves to establishing industry or sector structures. “Winning ...
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Features
Second time around achievement in much tougher contest
The staff at Germany’s Nestlé Pensionskasse VVag were naturally delighted to discover that they had won another IPE Award, this time for fund administration, following their success in the country category in the inaugural awards of 2001. “We reckon it was our efficient and ‘one-class system’ approach to the fund’s ...
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Features
VPK launches own absolute return fund
Vereinigte Pensionskasse AG (VPK), founded in 1990 is the largest multi-employer pension fund in Austria with a total of e1.9bn under management. Contributions to the pension fund in 2001 counted more than e106m. Paying attention to the volatile capital markets – on the bond side as well as on the ...
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Features
AP7's private equity choice
Sweden’s seventh national pension fund, AP7, has allocated $84m (e86m) to two US-based private equity fund of fund managers, Hamilton Lane Advisors and HarbourVest Partners. Hamilton Lane will be managing a US private equity fund of fund portfolio balanced between buyout, venture and special situation funds including secondary interests. AP7 ...
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Features
AP7 uses its internet trade reporting system to benefit savers
The Stockholm-based Seventh Swedish National Pension fund, the AP7, describes itself as “a fund option for the entire nation”. Set up just over two years ago, it is different from the other six national pension funds that form part of the restructured state pay-as-you-go (PAYG) system. Firstly, AP7 is a ...
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Features
AP3 aims for state-of-art modelling
The Tredje AP-Funden -The Third National Swedish Pension Fund is known to most as the AP3 fund for short. On 1 January 2001, new legislation came into effect in Sweden that radically changed the mandate of the Swedish government AP Funds. Flexible investment rules were introduced allowing the funds to ...
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News
Euronext announces complete restructure
EUROPE- Pan European exchange Euronext has announced a complete restructuring that will see it divided into four separate business units.
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News
Beerling takes top pensions admin job at SFB
NETHERLANDS- The administration arm of Dutch financial services company SFB Groep has named Frans Beerling as its new director following the death of Joop van Wees earlier this year.
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News
GSAM names new fixed income and currency boss
EUROPE- Goldman Sachs Asset Management has named Philip Moffitt as the new co-head of the London-based global fixed income and currency team alongside Andrew Wilson. Moffit joined Goldman Sachs three years ago as a senior portfolio manager in the currency team.
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News
Meridien & CeDo pick JLT for admin and consulting
UK- Hotel group Le Meridien has appointed Jardine Lloyd Thompson (JLT) to provide pension administration services for its new money purchase scheme that is set to provide for around 1,000 of its UK employees by the end of next year.
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News
Half of DB funds under review shut to new members
UK- Over half the companies participating in a study by the consultant Watson Wyatt and reviewing their final salary pension scheme have opted to close it to new entrants.
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News
Vanguard registers eleven funds in Switzerland
SWITZERLAND- US fund provider Vanguard is registering eleven of its funds in Switzerland and expecting final approval from Eidgenössische Bankenkommission, the Swiss Federal Banking commission, in a few weeks.
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News
Morley fills new head of UK activism role
UK- Morley Fund Management, the UK-based asset management arm of Aviva, has announced the promotion of Ross Courtier to the newly-created position head of UK Activism.
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News
CSAM launches new Dow Jones sector ETFs.
SWITZERLAND- Credit Suisse Asset Management has announced the launch of three exchange traded funds, the first to track the Dow Jones Titan sector indices. Dow Jones has issued an EFT licence to CSAM on its banks, technology and healthcare Titans indices. The ETFs are listed on the SWX Swiss exchange ...
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News
Barnett Waddingham agrees to promote SEI
UK- Barnett Waddingham, the actuarial consultancy and investment strategy provider, has announced a partnership under which it will promote SEI as its preferred provider of the manager of manager investment approach.
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News
FEATURE: Niklewicz on the state of Swiss pensions
Konrad Niklewicz, a partner at PWC and chairman of the chamber of Swiss actuaries, believes it would be exaggerating to say there is no crisis is the Swiss industry. Nevertheless, he maintains that the situation is less acute than that painted by many commentators.
