Markets – Page 266
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Germany allows pension funds 100% equity scope
GERMANY – Germany’s new pension fund industry has been given a significant boost by the announcement of the finance and labour ministries that the new funds will not now be restricted in their asset allocation policies....
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Schroders appoints senior EAFE manager
Schroder Investment Management (Schroders) has appointed Sheridan P. Reilly as executive vice president and senior Europe and Far East (EAFE) portfolio manager....
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Pension reform protects European equities
EUROPE – European equities could provide a safe haven for investors and potential for long term capital growth, with pensions reform having a significant impact, according to Gartmore research....
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Watson Wyatt enters multi-manager market with CAAM
EUROPE – Crédit Agricole Asset Management (CAAM) has entered into partnership with Watson Wyatt, the global investment consultancy, to develop CAAM’s multi-manager fund business across continental Europe....
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Baring scoops £80m Pirelli fixed income brief
UK – Baring Asset Management (BAM) has won an £80m (€129m) fixed income mandate from the Pirelli Common Investment Fund (PCIF), the UK the Italian tyre and cable company’s UK pensions arm....
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Nasdaq Europe in German exchange alliance
GERMANY – The Berlin Stock Exchange (BSE) and NASDAQ Europe (NE) have announced details of a partnership to create a common trading platform, the first time an international stock exchange has formed a direct link with the German equities market....
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Crédit Agricole signs funds deal with AGF
BELGIUM – Crédit Agricole Asset Management (CAAM), the asset management arm of France’s largest retail bank, Crédit Agricole (CA), has announced that AGF Belgium Bank (AGF) has approved CA-Funds as one of its fund providers.....
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Russell in Spanish multi-manager alliance
SPAIN – Frank Russell Company has formed a strategic partnership with major Spanish financial organisation, Ahorro Corporación, to provide a comprehensive multi-management investment programme to retail investors....
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Mercury risk controls were inadequate, claims Q.C.
UK – Mercury Asset Management (MAM) operated an inadequate system of risk control in managing £1bn in pension assets for the USF fund and took too long to change its risk profile under the terms of a new investment agreement proposed by the Unilever fund, the High Court was told ...
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Punter Southall names two new principals
UK – Consulting actuary firm, Punter Southall (PS), has promoted Gail Chorley and James Saunders to the position of principal, bringing the number of principals at the company to 23....
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Swiss ABB scheme launches new venture fund
SWITZERLAND – The €3.6bn Baden based ABB Vorsorge (ABB) pension fund company has launched its fourth closed-end private equity fund, which has already raised CHF 80m (€54.5m) in its first closing....
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UK is the most 'dramatic' major pensions market
UK - The pace of change in the UK pensions market over the last 30 years has been more dramatic than in any other major institutional market, claims Greenwich Associates, the Greenwich, Connecticut based research and consulting firm....
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SFIM/Bank Corluy alliance gets first mandate win
BELGIUM – The strategic alliance created by London-based Singer & Friedlander Investment Management (SFIM) and Antwerp-based private bank, Bank Corluy Effectenbankiers (Corluy), has landed its first mandate, a €27m balanced equity and fixed income portfolio, from the Province of East Flanders pension fund in Belgium....
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One in three UK funds set to up bond exposure
UK – More than a third of the UK’s major companies are considering increasing their pension funds exposure to fixed income following the introduction of the FRS17 accounting standard last year, according to the initial results of a survey by Gartmore Investment Management....
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USF £600m fund was run by 27 year old, court told
UK – Alistair Lennard, one of the fund managers at the centre of the Merrill Lynch/Unilever high court case, was just 27 years old with three years experience as a fund manager and a “hunger for success”, when he took on responsibility for around £600m in UK equities for the ...
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BGI builds on B&CE mandate with £150m top-up
UK – Barclays Global Investors (BGI) has been selected to run an additional £150m (€243.5m) overseas equities and bonds mandate for the £650m defined benefit (DB) pension plan for the Building & Civil Engineering Benefits Scheme (B&CE)....
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Swedish pension funds pool SKr200m mandate
SWEDEN – Stockholm based Carlson Investment Management has won a mandate to run an SKr 200m (€21m) Swedish equities portfolio for the so called G7-Group, a collaboration of seven southern Swedish municipality pension funds....
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Rothschild names new institutional client manager
UK – Rothschild Asset Management has appointed Marion Colverd as manager of its institutional client service team in London.
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AXA Rosenberg wins £44m from Ciba scheme
UK – London based quantitative asset manager, Axa Rosenberg, has won a £44m (€71m) pan-European equity mandate from the £449m pension scheme of Ciba Specialty Chemicals UK….
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Dresdner races home with £64m Pirelli fund brief
UK – Dresdner RCM Global Investors has been selected to run a £64m (€103m) global equity mandate by the London based Pirelli Common Investment Fund, the Italian tyre and cable company’s UK pensions’ arm....
