Markets – Page 273
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Garrood heads investment operations at Hendersons
Shirley Garrood has been appointed director of investment operations at Henderson Global Investors. And all this week's major people moves in Europe...
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Polish pension assets clear PLZ9bn (e2.5bn)
POLAND – Open pension funds (OFE) run by insurance companies took in PLZ473.1m in investment revenues in the year 2000, less PLZ38.8m in operating costs, according to figures released by the national statistics office, Polska Statystyka Publiczna….
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West AM subsidiary scoops Texas teachers mandate
US/GERMANY – The pension fund for the Teachers Retirement System of Texas, has appointed Criterion Investment Management, the Houston based fixed income arm of Düsseldorf based WestAM, to a US$100m high-yield bond portfolio.
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PGGM leading strategist retires
NETHERLANDS – Marinus Keijzer, an adviser to the director of investments at Zeist based NLG110bn (e50bn) Dutch superfund PGGM is to take early retirement from the scheme....
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Giant Swiss fund goes passive for SFr1.5bn
SWITZERLAND - The SFr20bn (e13.1bn) Geneva-based Swiss Social Security fund AHV-Fonds has appointed two new asset managers for passive global equity mandates totalling SFr. 1.5bn, in the first tactical switch following changes in Swiss law earlier this year…
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Sector funds pool DKr1.5bn with T. Rowe Price
DENMARK – Three sector-wide Danish pension funds have pooled assets and appointed US investment manager T. Rowe Price to run a DKr1.5bn (e201m) global high-yield bond brief....
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Italian pension funds grow by 124% in one year
ITALY – Total assets under management within Italy’s sector-wide and open pension funds increased by a massive 124% from the end of 1999 to the end of 2000, according to figures just released by Italian regulator, Commissione di vigilanza sui fondi pensione (COVIP)….
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European insurance body appoints chief executive
EUROPE - Daniel Schanté has been appointed secretary general and chief executive of the Comité Européen des Assurances, the European insurance federation representing 29 national insurance associations. Plus all the week's major people moves....
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Norwegian authority tenders for NOK800m mandate
NORWAY - The local authority of Larvik has sold its shares in power companies Lardal og Larvik Everk and Vestfold Kraft in order to invest NOK800m (e99m) in the market and is now looking to outsource its domestic investments….
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Sweden's AP7 hires Goldman Sachs and Carlson
SWEDEN – The SEK14bn national PPM default fund Sjunde AP-fonden (AP7) has finalised its external investment manager line-up by appointing Goldman Sachs Asset Management to an e100m active European equity mandate and Carlson Investment Management to a SEK800m (e88.7m) active Swedish equity brief....
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Morley challenges green credentials of FTSE 100
UK – Morley Fund Management, the investment management arm of insurer CGNU, has introduced a requirement in its corporate voting policy for FTSE 100 companies to produce environmental reports on their business activities or risk being voted against at their AGMs....
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Europol e2.6m fund seeks total pensions provider
NETHERLANDS - The e2.6m Europol Pension Fund, based in The Hague, for officials of the European police organisation, is seeking tenders for the administration, asset management and risk coverage of the scheme.
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Swiss funds beat benchmarks for 2000
SWITZERLAND - Swiss pension funds in the ASIP/Watson Wyatt performance universe managed to outperform two of their three performance benchmarks in 2000….
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Zurich Scudder appoints new European strategy head
Colin Robertson has been appointed as European head of global strategy at Zurich Scudder Investments...
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BFr2bn sector fund starts outsourcing
BELGIUM – Agoria, formerly FabriMetal – Belgium’s first sector-wide pension fund, for employees working in metal related industries, will begin transferring BFr2bn (e50m) in assets to four money managers next month, in a move which will be scrutinised by other industry sectors in the country considering creating pension funds on ...
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SEI gets £50m Man B&W Diesel injection
UK – Manager of managers firm SEI Investments has picked up its third UK mandate win with an appointment from the pension fund of MAN B&W Diesel to manage a potentially £50m (e81m) plus multi-manager portfolio....
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Boonstra appointed to ABN-AMRO supervisory board
NETHERLANDS – Cor Boonstra has been appointed to the supervisory board of Dutch financial services group ABN-AMRO, with effect from May 10, 2001.... And all the rest of this week's major people moves....
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Nasdaq to create European central counter-party
EUROPE – As part of its majority stake acquisition in Easdaq – the Brussels based pan-European stock exchange, US exchange Nasdaq says it is planning to establish a user-controlled European central counter-party (CCP), shaking up talks of a single continent wide system...
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F&C warns investors that euro may not be far off
UK – Investment manager Foreign & Colonial (F&C) has warned UK institutional investors that adoption of the euro could come sooner than they think and that they should now be taking pre-emptive steps to prepare portfolios accordingly...
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POSIT bumps up daily crossing rate
EUROPE - POSIT, the European intra-day crossing system for institutional investors is to increase the number of matches it operates per day from four to six...
