Markets – Page 201
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TKP Investments names van Wijk as CIO
NETHERLANDS – TKP Investments has named SNS Asset Management research chief Roelie van Wijk as chief executive, chief investment officer and president of the investment board.
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Bosch outsources pension administration
GERMANY – Industrial group Robert Bosch has outsourced the administration of its German pension schemes, including its Anglo-Saxon style Pensionsfonds, to German consultant Heissmann in one of the biggest mandates of this kind ever.
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Icelandic schemes not fazed by market 'blip'
ICELAND – Pension funds in Iceland have shrugged off the turbulence affecting domestic financial markets, with one industry commentator calling the situation a “blip on the screen”.
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NBIM gets €150m for running Norway fund
NORWAY – Norges Bank Investment Management is to receive NOK1.2bn (€150m) for running the Government Pension Fund – Global in 2005.
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AP4 selects ORTEC’s Pearl attribution system
SWEDEN – Swedish buffer pension fund Fjärde AP-Fonden (AP4) has selected Dutch consulting firm ORTEC’s Pearl performance attribution system.
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Ex-AP2 investment chief explains resignation
SWEDEN – Petter Odhnoff has given IPE an account of the events leading up to his decision to quit yesterday as chief investment officer of the SEK190.6bn (€20.5bn) AP2 fund.
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IPe-symposium: Industriens eyes EM private equity
DENMARK – Industriens Pension, €5bn Danish scheme, says it might look at entering the emerging market private equity arena.
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IPe-symposium: APK to up emerging markets
AUSTRIA – APK, the Austrian multi-employer pension fund, is looking to increase its allocation to emerging market equities and bonds “step by step”.
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AP2 investment chief resigns in tax probe
SWEDEN – Petter Odhnoff, chief investment officer of the SEK190.6bn (€20.5bn) Second Swedish National Pension Fund or AP2 has quit amidst allegations of tax irregularities following an audit conducted by the Swedish tax authorities.
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Italy’s Foncer seeks three managers
ITALY - Foncer, the second pillar supplementary pension fund for workers in Italy’s ceramic tile industry, is looking for three managers for its €70m portfolio.
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Van den Brink likens PME to Harvard and Yale
NETHERLANDS - Roland van den Brink, chief investment officer at the €19bn Dutch metals industry fund PME, has likened his fund to the US university endowments Yale and Harvard.
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DC schemes get low scores from Watson Wyatt
GLOBAL – Watson Wyatt has awarded the current investment sophistication of defined contribution schemes very low grades.
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Legg Mason names Hirschmann as president
GLOBAL - James Hirschmann, chief executive of Legg Mason’s Western Asset Management arm, has been named president of Legg Mason itself.
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IBM Austria pension chief steps down
AUSTRIA – IBM’s pension fund in Austria has disclosed that Axel Benesch has stepped down as its director.
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Allianz’s Faber critical of investment banks
GLOBAL – Joachim Faber, chief executive of Allianz Global Investors, has hit out at investment banks targeting pension fund trustees.
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MLIM loses €537m equity brief at AP4
SWEDEN – Merrill Lynch Investment Managers has been axed from a €537m financial sector equity passive mandate by the SEK180.1bn (€19.2bn) Fourth Swedish National Pension Fund or AP4.
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IPE-QUEST: Three new searches on system
GLOBAL – There are three new searches - for large-cap core equities, developed markets large or all-cap equities and EAFE large-cap or all-cap value – on IPE-Quest.
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10% of large UK schemes now in hedge funds
UK – Some 10% of large UK pension funds now invest in hedge funds, according to a survey by Mercer Investment Consulting.
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NAPF Conference: ESPS’s Barlow on bonds
UK - The idea of pension schemes just getting into bonds and gilts seems "crazy" to Electricity Supply Pension Scheme chief executive Richard Barlow.
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T. Rowe names Kennedy CEO as Roche retires
US – Asset management firm T. Rowe Price Group has named equities chief James Kennedy to be its new president and chief executive when George Roche retires.