Markets – Page 222
-
News
Sweden's AP3 names new management team
SWEDEN - The 142 billion-crown (15.2 billion-euro) Third Swedish National Pension Fund, AP3, has appointed a new nine-strong executive management team that includes two new members.
-
News
Nomura ousts Schroders at London transport fund
UK – Schroder Investment Management has lost a 215 million-pound (307.2 million-euro) mandate to Nomura Asset Management as the London Regional Transport Pension Fund (LRTPF) changes management for its active Far Eastern Equity portfolio
-
News
Mercer president leaves MMC board
GLOBAL – Peter Coster, president of Mercer Inc., has left the board of troubled Marsh & McLennan Companies along with four other directors as part of corporate governance effort.
-
News
Gartmore UK CEO Jones quits, may run own firm
UK – Glyn Jones, chief executive of Gartmore in the UK, has resigned, with group CEO Paul Hondros taking direct responsibility for the firm’s integrated business.
-
News
Italian railway scheme selects first managers
ITALY - Eurofer, the 104 million-euro pension fund for railway workers, has selected its first asset managers.
-
News
Lane Clark & Peacock to launch “one-man DB”
UK – Actuarial consulting firm Lane Clark & Peacock is to launch a defined contribution scheme that targets a specified level of pension benefits - which it likens to a single-member defined benefit scheme.
-
News
Schroders loses further E3.8bn institutional assets
UK – Schroders says it lost 2.7 billion pounds (3.8 billion euros) in institutional assets in the third quarter, including 1.6 billion pounds in fixed income assets managed for a single client.
-
News
FRR says SRI part of social protection role
FRANCE – The 18.5 billion-euro Fonds de Réserve des Retraites has provided more details on its socially responsible investing strategy, saying: “We belong to the social protection system.”
-
News
F&C says poised to decide on outsourcing
EUROPE – The merged F&C-ISIS is poised to issue an announcement tomorrow about the outsourcing deals the combined group has with J P Morgan and Mellon.
-
News
IPE-QUEST: Multi-manager tenders equities
EUROPE - A European multi-manager has tendered two equities mandates totalling 60 million dollars (46.6 million euros) through IPE-Quest.
-
News
DeAM, Schroders lose out at Avon Cosmetics
UK - Deutsche Asset Management and Schroder Investment Management have lost out with the 102 million-pound (146.5 million-euro) pension scheme of Avon Cosmetics switching from a balanced to specialist strategy.
-
News
PME cites single manager risk for F&C withdrawal
LONDON - PME, the 14 billion-euro Schiphol-based metal workers fund, has switched one billion euros of assets away from F&C Management to new providers.
-
News
Blood and Gore set up London-based asset manager
UK – Former US Vice President Al Gore and former Goldman Sachs Asset Management CEO David Blood have set up a new London-based asset management firm targeting pension funds.
-
News
EIB to issue 'longevity bond' for pension schemes
EUROPE - The European Investment Bank is to issue a 25-year 540 million-pound (775 million-euro) bond as part of a product designed by BNP Paribas aimed at protecting UK pension schemes against longevity risk.
-
News
Italy’s Solidarieta’ Veneto tenders for managers
ITALY - Solidarieta’ Veneto Fondo Pensione, the regional pension fund for blue-collar workers, is looking for three asset managers for its 60-million-euro fund.
-
News
IPE-QUEST: UK house tenders Japanese equities
UK – A UK institutional investor has tendered 50-100 million dollars (71-143 million euros) in actively managed Japanese mid- or mid-and small-cap equities via IPE-Quest.
-
News
Denmark’s ATP eyes US with future under debate
DENMARK – The 27 billion-euro statutory pension provision fund, ATP, is in the process of selecting asset managers as it enters the US mortgage-backed bond market.
-
News
ING asset management profits rise 40%
EUROPE – ING says its operating profits from asset management rose 40.3% in the first nine months of 2004 - driven by the institutional asset management business.
-
News
UK schemes in “long march” into bonds - Barclays
UK – Barclays Capital says possible new rules about pension fund transparency means further pension fund demand for bonds as funds begin “their long march out of equity into fixed income”.
-
News
AP3 warns on costs of Swedish governance code
SWEDEN – Tredje AP-fonden, the 16.6 billion-euro Third Swedish National Pension Fund, has said Sweden’s proposed new corporate governance code may lead to higher costs.
