All articles by Meagan Rees – Page 7
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Van Lanschot investment director Kraan dies
EUROPE – Theo Kraan, private investment director of Dutch-based Van Lanschot Bankiers, has died in an accident.
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Ex-Aon’s Good joins Hewitt in development role
UK – Former Aon business relationship manager Martin Good has been appointed business development consultant at Hewitt Associates.
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€4.7bn MNOPF gradually migrating to bonds
UK – The £3.2bn (€4.7bn) industry-wide Merchant Navy Officers Pension Fund, which is currently in the middle of its triennial valuation, is looking to gradually shift from equities to bonds.
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Hermes CIO Mustoe joins Pictet
UK – Nick Mustoe, chief investment officer of Hermes Pensions Management, will quit at the end of May to become CIO head of equities of Pictet Asset Management (updated).
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Aon warns on pension surpluses
UK – Pension surpluses could be the next ‘pension scandal’, according to Aon’s investment consulting head Ian McKinlay.
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Norway’s Baerum tenders €73m in SRI
NORWAY – The Bærum municipality east of Oslo has tendered NOK570m (€73.5m) in socially responsible investing assets.
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Dutch, German, Belgian funds buy Dutch 30-year
NETHERLANDS – Dutch, German and Belgian pension schemes and asset managers were among the investors buying into the Netherlands’ re-opened 30-year bond today, according to market participants.
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TDV scheme restructures €125m equity portfolio
NETHERLANDS – Kempen Capital Management - the asset management arm of Dutch merchant bank Kempen & Co – has restructured TDV Pension Fund’s €125m equity portfolio.
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Hymans sees shift to global equities, bonds
UK – The UK’s 50 largest fund managers saw an increased shift from UK equities to fixed income and global equities in 2005, according to an annual survey by Hymans Robertson.
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European manager searches surge – Mercer
EUROPE – Investment manager search activity in Europe almost doubled – and the use of consultants continued to grow – last year, according to Mercer.
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F&C hit as €5.5bn Vervoer restructures
NETHERLANDS – F&C will no longer be sole asset manager of the roughly €5.5bn Dutch industry-wide transport sector pension fund, Pensioenfonds Vervoer, when the scheme appoints a fiduciary manager later this month.
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West Sussex reviews €950m Baillie Gifford brief
UK – Baillie Gifford could be axed as active balanced fund manager of the £1.4bn (€2bn) West Sussex County Council pension fund following the scheme’s regular review process.
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BNP Paribas custody arm names UK COO
UK – Gail Burke - BNP Paribas Securities Services’ business chief for Australia and New Zealand – has been appointed to the new position of chief operating officer for the UK.
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Economics committee mulls pension portability
EUROPE – Members of the European Parliament’s Committee on Economic and Monetary Affairs got their first chance to chew over the proposed directive on pension portability rights this week.
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Lehman boosts European asset management
EUROPE – Lehman Brothers has boosted its European asset management team with senior hires from the likes of CSAM, Putnam and Morgan Stanley IM.
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IMF to tap external bond managers
GLOBAL – The International Monetary Fund is to set up a $8.7bn (€6.8bn) investment account – putting at least some of the assets with external bond managers.
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UK rail schemes have guarantee - government
UK – The Department for Transport could be asked to pick up the tab for nine UK rail pension schemes with approximately 170,000 members, which are covered by a full crown guarantee.
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AP1 managers leave to form hedge fund
SWEDEN – The roughly SEK33.6bn (€3.6bn) Swedish hedge fund outfit Brummer & Partners has nabbed two asset managers from buffer fund Första AP-fonden, or AP1, to develop a new hedge fund.
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ING plans single European custody platform
EUROPE – The securities services division of ING Wholesale Banking is planning to establish a single custody platform for its European securities operations by September 2007.
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Morgan Stanley IM names alternatives chief
GLOBAL – Morgan Stanley’s prime broker heavyweight and hedge fund specialist, Stu Bohart, has been appointed chief of alternative investments at Morgan Stanley Investment Management.