All articles by Perttu Jarvenpaa – Page 12
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UK LPI bond market has £100bn pensions potential
UK – The corporate limited price indexation (LPI) bond market in the UK has the potential to grow to around £100bn (e161bn) as pension funds seek investments to match their inflation-linked liabilities, according to consultant Watson Wyatt....
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Private equity weathers market squall
UK – Private equity investment appears to be weathering the stormy markets with the management buy-out sector recording its third highest quarterly level, according to figures from KPMG Corporate Finance....
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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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Clerical Medical gets £100m Isle of Man leg up
UK – The Isle of Man Treasury has appointed Clerical Medical Investment, part of the Halifax Group, to manage a £100m (e160m) active balanced mandate...
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Russell bags £13m Mayborn multi-manager brief
UK – The £13m (e21m) retirement benefits plan of baby and household products manufacturer Mayborn Group has appointed Frank Russell Company to manage its entire pension fund through the group’s multi-manager platform....
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INVESCO to offer third-party funds to UK DC market
UK – INVESCO is to include third-party funds in its product offering to the UK defined contribution (DC) market...
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Sampo/Mandatum to fuse fund management business
FINLAND - Following the merger of financial services groups Sampo (formerly Sampo-Leonia) and Mandatum Bank, the new company is fusing its fund management businesses to create one of the largest institutional asset managers in the country....
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McAlpine fund builds with Blackrock and Attica
UK – The £240m (e384m) Chester based pension plan of construction firm Alfred McAlpine has appointed multi-manager Attica Asset Management to manage £15m in Japan and Far East ex-Japan portfolios. Edinburgh based Blackrock also scooped £20m in a pan-European equity mandate as part of the scheme’s investment review.
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National Grid wins Lords' pension surplus ruling
UK – The electricity supply company, National Grid, has won a House of Lords ruling that its pension fund surplus may be used to pay for redundancies through enhanced early retirement – overturning a previous Court of Appeal finding against the company....
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Parliament gives green light to Lamfalussy report
EUROPE – The European parliament has voted in favour of a resolution looking at transparency and democratic control with regard to the Lamfalussy financial services action plan...
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Heads of Denmark's two largest funds to step down
DENMARK - Bent Nyløkke Jørgensen, administrative director at Denmark’s second largest pension scheme the Dkr60bn (e8bn) PKA fund for public, social and health workers, has announced that he wants to step down by the end of the year after 19 years with the group.
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CDC IXIS and Schroders scoop SEK1.4bn mandates
SWEDEN – CDC IXIS Asset Management and Schroders have scooped mandates worth SEK1.4bn (e153m) from the default fund of the Swedish premium pension system (PPM) - Sjunde AP-fonden (AP7)...
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European pension funds target for bond boycott
EUROPE/US – An international campaign to boycott World Bank bonds is to be targeted at European pension funds this summer...
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Lothian fund awards £136m property brief
UK – The £2bn Lothian Pension Fund has selected Standard Life Investments to run a £136m (217m) (e segregated property portfolio for a fixed-term seven-year contract....
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Parliament revises investment services directive
EUROPE – The European parliament has adopted two resolutions calling for a revision of the 1993 Investment Services Directive with the new legislation relating to cross-border investments to be based on home country supervision....
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Russell appoints Jacobs Levy for US small caps
EUROPE/US - Frank Russell Company has hired Jacobs Levy Equity Management to run a portion of its US$105m multi-manager US small cap equity fund…
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Chambers named global CIO of Gartmore/Villanova
UK/US – Peter Chambers, chief investment officer (CIO) at Gartmore, has been appointed global CIO of the newly combined investment division of London based Gartmore and the US manager Villanova Capital....
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UK trustees must understand benefit security
UK – The importance for UK pension fund trustees to understand benefit security is greater than ever following the proposal to scrap the minimum funding requirement (MFR), according to Robert Collie, director of consulting at Frank Russell Company...
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One in six UK firms have no plan for stakeholder
UK – One in six British small and medium sized enterprises (SMEs) say they are unsure or have no intention of offering their staff access to a stakeholder pension scheme, despite the possibility of being fined up to £50,000 (e80,000)...
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Morley growth fund close exceeds expectation
EUROPE - The recently launched Morley Absolute Growth Investment Company has had its first closing after raising more funding than expected from institutional investors....
