All articles by Perttu Jarvenpaa – Page 14
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CDC buys in market fluctuation analysis
FRANCE – Caisse des Dépôts et Consignations (CDC) has signed a research contract with Paris based Capital Fund Management’s (CFM) research division, Science & Finance, to implement the researcher’s new methodology for Monte Carlo calculations...
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Guernsey funds business grows despite threats
GUERNSEY – Guernsey fund managers have recorded relatively healthy growth in hedge fund and fund of funds business for 2000, despite threats to the industry posed by outside bodies such as the OECD and the general increase in competition from other offshore jurisdictions...
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Italian housewives seek administration and custody
ITALY – Fondo Pensione Complementare per la Famiglia, the potentially huge pension fund launched by an Italian housewives’ organisation, is seeking a fund administrator and custodian....
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Robeco stays in-house for new chairman
NETHERLANDS - Géry Daeninck has been promoted to chairman of Dutch investment manager Robeco Group’s executive committee...
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Merrill launches enhanced index fund range
UK - Merrill Lynch Investment Managers is launching a range of enhanced index funds for UK institutional investors...
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AEU engages with FIS for £60m mandate
UK – AEU, one of the two pension schemes of the Amalgamated Engineering and Electrical Union (AEEU), one of the largest UK trade unions, has appointed Friends Ivory & Sime (FIS) to a £60m (e96m) multi-asset mandate for its super-annuation and assurance scheme...
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PPM system to receive half a million new entrants
SWEDEN – Almost half a million new entrants will join the SEK18-20bn (e2-2.2bn) state premium pension system (PPM) at the end of May, more than doubling the earlier estimate of 200,000 new members....
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Deutsche appoints D'Amore to drive Italian sales
ITALY – Gennaro D’Amore has joined Deutsche Asset Management’s Rome office as vice president of institutional sales in the bank’s effort to expand business in the country...
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Henderson widens SRI net
AUSTRALIA/UK – Henderson Global Investors is extending its global SRI fund range by launching three new socially responsible investment funds...
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80% of French and Germans say pensions are at risk
EUROPE – More than 80% of French and Germans think that in 10-15 years their domestic pensions system will not be able to pay full benefits in the light of future demographic imbalances, according to a study by three leading European academics…
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Italian SRI forum could be up and running in weeks
ITALY – The launch of an Italian social investment forum could only be a few weeks away, according to Milan based environmental and social research consultancy firm Avanzi, which is spearheading the initiative...
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First Norwegian SRI pensions
NORWAY – Life insurance company Storebrand has introduced environmental and social criteria to its management of life insurance policyholders’ funds. The company emphasises that the move will not reduce the yield on customers’ funds, some NOK111bn managed by the group’s asset manager, Storebrand Kapitalforvaltning.
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Norwegian life insurers suffer severe decline
NORWAY – Life insurance companies suffered a severe decline in their net financial income last year, accompanied by poor financial results, according to figures published by research institute Statistics Norway (SSB).
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Bourgi becomes European business head at JP Morgan
EUROPE – Ramy Bourgi has been appointed business executive for Europe, Middle East and Africa (EMEA) at JP Morgan Investor Services...
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EVCA produces new valuation guidelines
EUROPE – The European Private Equity and Venture Capital Association (EVCA) has published a new edition of its valuation guidelines - replacing the original manual produced in 1993...
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ABP/State Street venture makes first investment
EUROPE/US – State Street Global Alliance, the jointly owned subsidiary of the e150bn Dutch civil service pension fund ABP and State Street Global Advisors (SSgA), has bought a major interest in Washington based Residential Capital Management...
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Swiss foundation creates on-line voting guide
SWITZERLAND – Ethos, the Geneva based sustainable development investment foundation has launched a shareholder voting section on its website, to give pension funds for which it owns shares, guidelines on how to use their voting rights...
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Goldman appoints UK institutional business head
UK – Oliver Bolitho has been appointed as executive director responsible for UK institutional business development at Goldman Sachs Asset Management...
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Latvia adopts PPM type system for second pillar
LATVIA – The Latvian national second pillar pension plan will be launched on July 1, with a little help from the Swedes. Consultant KPMG’s Stockholm office is developing a PPM-type system to be included in the Latvian State Social Insurance Agency’s (SATUR) structure...
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Compass points to Russell for £500m brief
UK – The trustees of the newly created £500m (e794m) Compass Pension Scheme for catering group Compass, have appointed multi-manager Frank Russell Company as the sole investment manager to the scheme’s assets....
