All articles by Meagan Rees – Page 28
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Irish reserve scheme confirms tunnel bid
IRELAND – The €13.3bn National Pension Reserve Fund (NPRF) has offered to buy the nearly completed Dublin Port tunnel – part of its public-private partnership strategy (clarifies).
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IXIS AM set to name new CIO
FRANCE – IXIS Asset Management is set to announce the appointment of a new chief investment officer and general secretary next week, IPE has learnt.
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SWIP renews outsourcing deal with State Street
EUROPE – Scottish Widows Investment Partnership today renewed its investment operations outsourcing agreement with State Street.
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DNB wants new reporting standard ahead of FTK
NETHERLANDS – The Dutch Central Bank has called on the pensions industry to contribute towards a new reporting requirement – essential before the implementation of the Financial Assessment Framework or FTK on January 1 2007.
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World Bank, OECD to study global pensions
EUROPE – The World Bank, the Organisation for Economic Cooperation and Development (OECD) and Dutch bank ING have launched a research partnership to study the world’s private pension system.
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USS puts €32bn of custody under review
UK – The £22bn (€32.4bn) Universities Superannuation Scheme is reviewing its entire custody arrangements with the help of consulting firm Thomas Murray.
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Oyens hires van Berckel for institutional role
NETHERLANDS – Former Commerzbank executive Gerard-Jan van Berckel has been appointed executive director for institutional clients at Dutch bank Oyens & Van Eeghen.
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Barclays Global Investors ousts co-CEO Skirton
UK – Andrew Skirton, co-chief executive of Barclays Global Investors, has been ousted in a management shake-up.
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PIMCO awarded HSBC emerging market brief
UK – PIMCO Europe says it has been awarded an emerging market mandate of undisclosed size from the trustees of the HSBC International Staff Retirement Benefit Scheme.
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EU’s McCreevy says 20 states set for directive
EUROPE – Charlie McCreevy, internal markets chief at the European Commission, says 20 European Union countries will be “on board” with the pension fund directive by the end of the year.
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Fitch sees risk in CSAM investment teams
EUROPE – Fitch Ratings says Credit Suisse Asset Management is facing risks about the stability of its processes and investment teams.
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Irish association in plea over annuity costs
IRELAND – The pension plans of more than 400,000 workers are under threat due to high annuity costs, which are “crippling” Irish pension schemes, says the Irish Association of Pension Funds (IAPF).
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European funds taking less risk – State Street
EUROPE – European institutional investors are currently taking less risk in the equities market – instead they are ploughing cash into the fixed income market, according to State Street’s investor confidence index.
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Study sees polarisation in asset management
GLOBAL – Mid-sized investment managers are facing increased polarisation between niche firms and larger investment houses, according to new research.
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Newton assets now 50% institutional
UK – Mellon Financial Corp.’s Newton Investment Management, says institutional assets have fallen to just under 50% of total assets under management – although they remain “core” to the firm.
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UK local authorities to invest in Africa fund
AFRICA – Two UK local authorities are understood to be planning to invest in a new African fund run by regional asset manager Imara Asset Management.
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F&C sees €1.5bn for Citrine fund
UK – Asset manager F&C, which this week announced the departure of chief executive Howard Carter, says its Citrine hedge fund could go to €1.5bn.
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Akkermans Stroobants director Andre dies
BELGIUM – Antwerp-based firm Akkermans Stroobants & Partners are looking to appoint a new independent board director following the death of Eric Andre, who passed away at the end of July.
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SSGA wins €345m from France’s Agirc-Arrco
FRANCE – State Street Global Advisors in France has confirmed it has been awarded two mandates from French state pension fund Agirc-Arrco amounting to €345m.
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Julius Baer may sell custody arm - Merrill
SWITZERLAND – Julius Baer may sell its custody business, according to a Merrill Lynch research report following the changes announced last week at the Swiss bank.
