Markets – Page 249

  • News

    Watson Wyatt hires Friends Ivory equities head

    2003-03-18T03:41:00Z

    UK – Pensions consultancy form Watson Wyatt has hired the head of global equities from Friends Ivory & Sime to be a senior consultant in the UK.

  • News

    Gartmore hires top execs for hedge fund

    2003-03-18T03:39:00Z

    UK – Asset manager Gartmore has hired senior executives from Goldman Sachs and UBS to help run a new hedge fund.

  • News

    Standard Life targets European bond dominance

    2003-03-17T03:44:00Z

    UK – Standard Life Investments has hired Graeme Orr from Citigroup as fixed interest investment director as part of its aim of becoming a dominant player in European and global bonds.

  • News

    Gartmore investment chief resigns

    2003-03-13T03:34:00Z

    UK – Asset manager Gartmore’s chief investment officer Peter Chambers has left following a review of “leadership resources” as it shifts its focus to hedge funds.

  • News

    CDC hires Ofivalmo head for equities

    2003-03-12T04:11:00Z

    FRANCE – CDC Ixis Asset Management has appointed a former board member of Ofivalmo as its head of European and emerging equity investments.

  • News

    Danish pension fund tenders mandates on IPE-Quest

    2003-03-11T03:59:00Z

    DENMARK – A Danish industry-wide pension fund has put out to tender two US equity mandates via IPE-Quest.

  • News

    UK’s Windsor tenders up to e115m equity mandate

    2003-03-10T04:07:00Z

    UK – The UK borough of Windsor and Maidenhead is putting out to tender a mandate of between 50 million and 80 million pounds (72-115 million euros) to be invested in global equities for its 800 million pound (1.1 million euro) pension fund.

  • News

    Dutch pension funds buy e20bn of equities

    2003-03-10T03:49:00Z

    NETHERLANDS – Dutch pension funds bought eight billion euros worth of bonds and 20 billion euros in equities in 2002, according to government statistics.

  • News

    Attica to run e72m McCain portfolio

    2003-03-07T04:07:00Z

    UK – The McCain Foods pension and life assurance scheme has appointed multi-manager Attica Asset Management to manage its entire portfolio of around 50 million pounds (72.6 million euros) in assets.

  • News

    Fortis hires SocGen bond head

    2003-03-07T03:32:00Z

    FRANCE – Fortis Investment Management has appointed Emeric Challier as chief investment officer of its Euro fixed income investment centre in France.

  • News

    ECB rate cut raises pressure on pension funds

    2003-03-07T03:22:00Z

    EUROPE – The European Central Bank’s quarter-point rate cut today is likely to increase the pressure on pension funds, analysts said.

  • News

    HSBC AM hires Schroders’ Rodgers

    2003-03-04T04:05:00Z

    UK – HSBC Asset Management has hired Chris Rodgers from Schroder Investment Management to be its head of UK equities.

  • News

    Spanish occupational pension assets up 12.3%

    2003-02-27T04:13:00Z

    SPAIN – The assets under management at Spanish occupational pension schemes rose 12.31% to 21.15 billion euros at the end of 2002, according to figures released by Inverco, the Spanish association of institutional investors and pension funds.

  • News

    E193m Fondenergia seeks seven managers

    2003-02-27T04:11:00Z

    ITALY – Fondenergia, the 193 million euro Italian pension fund for energy and power workers, is looking for seven managers to run the entire fund, which will be split into three mandates.

  • News

    ADAM hires equity performance risk head from MLIM

    2003-02-27T04:09:00Z

    UK - Allianz Dresdner’s asset management division has hired a senior risk and performance executive from Merrill Lynch Investment Managers.

  • News

    J P Morgan Fleming AM names global equities head

    2003-02-27T04:02:00Z

    UK – J P Morgan Fleming Asset Management has named Martin Porter as its new global head of equities.

  • News

    Norway’s Petroleum Fund to surpass oil revenues

    2003-02-27T04:00:00Z

    NORWAY – The head of the Norwegian central bank says the return on the Petroleum Fund is likely to exceed the cash from the country’s petroleum activities in around 15 years.

  • News

    Standard Life names global equities director

    2003-02-24T04:50:00Z

    UK – Standard Life Investments, fund management arm for Standard Life Assurance and Standard Life Pension Funds, has named Reg Watson as investment director in the global equities team.

  • News

    Drop in Swiss pension performance index

    2003-02-21T04:34:00Z

    SWITZERLAND - The Swiss Pension Fund Performance Index, which measures the performance of 57 Swiss pension funds, fell from 98.3% to 90.5% last year.

  • News

    ING sees AM contribution to profits halved

    2003-02-21T04:17:00Z

    NETHERLANDS - Assets under management at the giant Dutch financial services ING Group dropped by 12.5% in 2001to 449 euro billions with assets managed for institutional clients falling by 21.1%. The asset management share of group operating profits amounted to 283 euro millions declined from 10% to 5% in 2002. ...