Markets – Page 263

  • News

    Robeco to acquire Transtrend in alternatives push

    21 March 2002

    NETHERLANDS – Rotterdam-based asset management group Robeco is to acquire Transtrend, a hedge fund manager and futures trading company, as part of its strategy to expand into the alternative investment market, particularly in the area of single-manager hedge funds.

  • News

    Mediafond issues RFP for its assets

    19 March 2002

    ITALY – Mediafond, the supplementary pension fund for workers in Italy’s private radio, television and media sectors, has put out an RFP for managers for its assets.

  • News

    Schemes' UK equity holdings lowest since 1983

    19 March 2002

    UK- Holdings in domestic equities by UK pension funds has fallen below 50% for the first time since 1983 according to the 2001 Russell/Mellon CAPS pension fund survey. The 1651 UK funds surveyed by Russell/Mellon held an average of 47.4% of their assets in UK equities, down from 51%at the ...

  • News

    Austrian Government slated over Abfertigung plans

    15 March 2002

    AUSTRIA- Austria’s pension funds and insurers have attacked the government’s plans for administering the Abfertigung neu, the reformed severance pay system, as costly and unnecessary.

  • News

    SEI names head of third party distribution Europe

    15 March 2002

    UK/EUROPE- Multi manager SEI has appointed Alejandro Kerschen as managing director of European partnerships, responsible for SEI’s third party distribution in Europe. Kerschen will report to Joe Ujobai, managing director of SEI’s business in Europe

  • News

    Schroders names new head for Sweden and Finland

    12 March 2002

    SWEDEN/FINLAND- Schroder Investment Management has appointed Johan Hamilton as country head for Sweden and Finland. Hamilton, who will be based in Stockholm, joins from Wassum Investment Consulting where he was a senior consultant advising pension funds, trusts, companies and local governments on investment strategy and manager selection.

  • News

    UK managers reluctant to drop soft commissions

    12 March 2002

    UK – The Investment Management Association (IMA) and the National Association of Pension Funds (NAPF) have drawn up a pension fund disclosure code to be unveiled this week that will require fund managers to provide six-monthly reports on the way they invest UK pension scheme assets on stock markets.

  • News

    Allianz Dresdner announces European equities CIO

    11 March 2002

    UK/GERMANY- Allianz Dresdner Asset Management (ADAM) has announced the appointment of Neil Dwane as head of its equity investment teams in Frankfurt and London. Dwane is relocating to Frankfurt where he replaces Jens Wilhelm who is leaving for a hedge fund group.

  • News

    Russell appoints capital markets analyst in London

    11 March 2002

    People moves 08/03/02

  • News

    German funds see rebound in January

    8 March 2002

    GERMANY – German investment funds open to the public pulled in investments of €10.2bn in January, according to the Frankfurt-based BVI, the German federal asset manager association. The BVI says that this is a good start to the year.

  • News

    Fidelity aims ‘long’ bond fund at pension funds

    7 March 2002

    UK – Independent fund management group, Fidelity Investments has launched a new UK long corporate fixed income fund, in response to what it claims is a growing demand for the asset class, particularly among small to mid-sized pension funds.

  • News

    Regional Italian fund in US assets manager search

    6 March 2002

    ITALY – The €77m Laborfonds, the complementary pension fund for workers of companies registered in the Trentino Alto Adige region of Northern Italy, is looking for managers for a US equity and fixed income mandate.

  • News

    Former Gartmore CEO joins Martin Currie

    6 March 2002

    This and other briefs...

  • News

    Euro funds manage slight rise in assets in 2001

    5 March 2002

    EUROPE – Renewed interest among European investors in equities led to an increase in the total assets of UCITs and other nationally regulated investment fund markets of 8.3% during the fourth quarter of 2001, bringing the year end total to €4,594bn...

  • News

    Portugal's FEFSS prepares to outsource e760m

    1 March 2002

    PORTUGAL- Portugal’s state owned e3.8bn FEFSS fund is looking for a global custodian in preparation for its recent decision to outsource 20% of its e3.8bn portfolio to external managers. Henrique Cruz, a member of the fund’s board says they will select a global custodian by March to provide fund administration ...

  • News

    Spezialfond manager results show turbulent 2001

    28 February 2002

    GERMANY- Germany’s Spezialfonds and their managers faced one of the toughest and most turbulent years in 2001 when the value of assets fell for the first time since the creation of the funds in the late 1960s.

  • News

    Concreto enters second phase of manager selection

    28 February 2002

    ITALY – The Italian cement and building materials workers’ complementary pension fund, Concreto, is ready to enter the second stage of its manager selection process.

  • News

    FIS launches first corporate bond funds

    27 February 2002

    UK- Investment manager Friends Ivory & Sime (FIS) has announced the launch of two new corporate bond funds. The All-Stocks fund will aim to outperform Merrill Lynch’s All-Stocks Sterling corporate bond index by 1% per annum measured over rolling 3 year periods while the Long-Dated fund will seek to outperform ...

  • News

    Union slams abolition of dividend tax credits

    26 February 2002

    UK – The leader of Amicus, the UK’s second largest trade union, Sir Ken Jackson, has called on the government to abolish what he calls its “£5bn a year tax raid on occupational pension schemes” by re-introducing tax credits on dividends.

  • News

    Spezialfonds’ assets fall in 2001 to €507bn

    25 February 2002

    Germany-The value of German Spezialfonds invested assets fell in 2001 by 1.4% to €506.9bn, their first fall in the 33-year long history...