Markets – Page 239
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Highland fund opts for three new specialist managers
UK – The Highland Council pension fund in Scotland has appointed Alliance Bernstein, Fidelity Investments and Schroder Investment Managers as Insight Investment loses its 300 million pound (435 million euro) mandate.
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Renaisssance plays down impact of arrest of Yukos chief
RUSSIA - The arrest of the head of Yukos, Russia’s largest oil company, will not slow the country’s move to a market economy, say Moscow investment analysts.
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UK asset management fees higher, but value better - Mercer
UK – Despite higher fees, the UK asset management industry may offer better value for money now than in the past, according to research by Mercer Investment Consulting.
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CSAM appoints new head of emerging market equities
UK – Credit Suisse Asset Management has appointed a head for its emerging markets equities team.
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French reserve fund set to announce manager list
FRANCE – The French pension reserve fund, le fonds de reserve pour les retraites (FRR), has confirmed that it will be announcing the shortlist of fund managers in the second half of next month.
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German investment funds gain E48bn
GERMANY – German investment funds have seen net inflows of 48.7 billion euros in the first three quarters of 2003, according to the latest statistics from the BVI.
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Swiss pension funds return 1.2% in Q3 – report
SWITERLAND – Swiss pension funds returned 1.2% in the third quarter of this year, according to a new report from InterSec.
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CSAM aims to attract wary institutions to hedge funds
Credit Suisse Asset Management (CSAM) has become the latest global asset manager to move into the direct management of hedge funds.
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T Rowe Price names Dutch institutional head
NETHERLANDS – T Rowe Price has named Lombard Odier Darier Hentsch’s former Netherlands marking director as head of its institutional business in the Netherlands and Belgium.
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AXA IM names UK investment chief
UK - AXA Investment Managers has hired Paul Griffiths from Investec Asset Management to be UK chief investment officer.
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Hermes boosts corporate governance team
UK – Hermes Pensions Management has make three appointments to its corporate governance team, taking the total staffing of the team to 45.
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Rogge Partners in Japanese joint venture
EUROPE/JAPAN – Fixed income manager Rogge Partners has teamed up with Tokio Marine to form a Japanese asset management venture.
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Russian pension savings set to reach E28bn
RUSSIA – Pension savings of Russian citizens are expected to total one trillion roubles (28.3 billion euros) by 2010, says deputy finance minister Bella Zlatkis.
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Petroleum Fund says it fires SRI firm CaringCompany
NORWAY – The Norwegian ministry of finance has decided not to continue the Petroleum Fund’s relationship with ethical consulting firm Caring Company/Etikanalytikerna.
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CSFB unit to advise European pension plans
EUROPE – Credit Suisse First Boston has set up a group to advise both corporate and government sponsored pension plans across Europe.
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Swiss fund PUBLICA’s director Dueggeli to leave
SWITZERLAND – Peter Dueggeli, director of the Swiss fund PUBLICA (formerly PKB), has announced he will be leaving the position at the end of next June.
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Morley reappointed at Lincolnshire fund
UK – Morley Fund Managers has been reappointed to run a 100 million-pound (143 million-euro) fixed income mandate for Lincolnshire County Council pension fund.
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Irish managed funds return 6% so far this year
IRELAND – Irish group pension managed funds have returned more than six percent so far this year, according to new data from consulting firms.
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MLIM names Buckle as a fixed income director
UK – Merrill Lynch Investment Managers has bolstered its fixed income team with the appointment of David Buckle as director.
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Gartmore hires hedge fund risk head
UK – Gartmore has named a former telecoms executive to the new role of head of hedge fund risk management.
