All articles by Meagan Rees – Page 14
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News
MN Services names fiduciary head
NETHERLANDS – MN Services has appointed Philip Jan Looijan as fiduciary management chief of MN Services Investment Management and member of the investment management team from April 1.
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News
FRR tactical asset head Morel joins Natexis
FRANCE – Christophe Morel, head of strategy and tactical asset allocation at the €26.6bn Fonds de Réserve pour les Retraites or French Pensions Reserve Fund, has been appointed tactical asset allocation chief at Natexis Asset Management.
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News
PGGM chairman exits over policy
NETHERLANDS – Karel Noordzij, PGGM’s chairman, has quit following an “irreconcilable difference of opinion” with the health care fund’s governing board.
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News
Dutch regulators are pension “cannibals”
NETHERLANDS – Dutch pension regulators are the “cannibals” of pension funds, making it difficult for schemes to survive, according to a senior figure at Delta Lloyd.
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News
New British Steel pension CIO takes over
UK – Hugh Smart, former chief executive of Swiss Re Investment Management, has now taken over as chief investment officer of the roughly £9bn (€13.1bn) British Steel Pension Fund (BSPF).
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Unilever’s global pensions chief to retire
EUROPE – Philip Lambert, Unilever's global pensions chief and chairman of the investment committee, is to retire within the next two months.
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Ex-Watson’s Douse sets up own firm
EUROPE - Former Watson Wyatt partner Sue Douse has opened her own specialist advisory and marketing outfit with institutional funds as its main client base.
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Russell calls for transition transparency
UK – Pension funds should demand complete disclosure from transition managers regarding how much revenue is generated from a transition, according to the Russell Investment Group.
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Henderson facing axe at Fife Council
UK – The £950m (€1.4bn) Fife Council Pension Fund has put a roughly £200m global equity mandate out to tender following a review of the scheme’s structure.
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Ireland says UK funds trying to escape PFF levy
IRELAND – Some large UK pension schemes and UK funds of multinational companies are considering relocating their schemes to Ireland to avoid Pension Protection Fund obligations, the Irish regulator says.
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Mercer hires three for Nordic expansion
LONDON – Mercer Investment Consulting has announced the expansion of its Nordic operations following three new senior hires.
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PPF to implement LDI strategy for own assets
UK – The Pension Protection Fund is due to implement a Liability Driven Investment strategy for its own assets when its current strategy comes under review in the first quarter of this year.
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Features
In praise of risk
“I love risk. I like it because it produces returns for me”, said ABP chief investment officer Roderick Munsters at the 5th annual Institutional Fund Management conference in Geneva. Munsters was one of several industry heavyweights expressing views on the current and potential future challenges facing the pension fund, investment ...
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Features
Conflicts still a possibility
Last month the UK’s Financial Services Authority (FSA) warned consultants, asset managers and pension fund trustees to guard against potential conflicts of interest in a highly concentrated consultant industry. The financial watchdog’s ‘Financial Risk Outlook 2006’ raised concerns about an over-dependence by pension fund trustees on the advice, skill and ...
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Features
Changing managers can destroy value
The hiring and firing of investment managers by institutional investors in the UK and US can be a value-destroying activity, according to a report by global investment consultant Watson Wyatt. The paper states there is “room for improvement” on the part of institutional investors when it comes to decisions about ...
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News
AMF Pension returns 16%
SWEDEN – AMF Pension has released its 2005 results, showing a 16% return – up from 9.7% in 2004.
