All articles by Perttu Jarvenpaa – Page 15
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Robeco back on the US acquisition trail
NETHERLANDS/USA – Rotterdam based investment manager Robeco is buying Ohio based US mutual fund provider, Harbor Capital Advisors, for approximately US$490m (e546m), as part of its US expansion plans...
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Swedish regulator targets creative accounting
SWEDEN – The Financial Supervisory Authority (FI) has decided to sharpen up regulations on insurance companies giving misrepresentative financial information in their year-end results...
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Northern Trust scoops International Equity mandate
USA – The California based Kayne Anderson Rudnick Investment Management has appointed Northern Trust Global Fund Services Practice to provide global custody, fund accounting and short-term cash management services to its new limited liability company, International Equity Fund...
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One in ten small cap firms meet investor hopes
UK – Only one in ten UK smaller quoted companies meet the minimum market capitalisation desired by institutional investors, according to a study by the London based consultancy KPMG Corporate Finance.
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Help on stakeholder offered online by Opra
UK - The British Occupational Pensions Regulatory Authority (Opra) has launched a new online facility for UK employers to find out if they need to provide stakeholder pensions...
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Tokyo Stock Exchange announces a flotation plan
JAPAN - Tokyo Stock Exchange (TSE) has announced an outline for its de-mutualisation strategy in an interim report
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WM launches trading cost analysis service
EUROPE – Performance measurement company WM has joined forces with US trading cost analysis firm Elkins/McSherry to launch a global monitor for brokerage charges to pension funds...
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Returns below zero for only fifth time since 1970
UK – Pension funds recorded only their fifth year of negative performance in 30 years in 2000, producing median returns of –1.4%, according to figures from performance measurement group CAPS....
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CalPers chooses AXA for European equity brief
US – The giant US$160bn (e171.5bn) California Public Employees Retirement System (CalPers) has selected AXA Rosenberg Investment Management to manage a US$600m European broad market equity portfolio...
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Scheme specific benchmarks become the norm
UK- More than half of UK pension funds have now adopted their own benchmarks and follow a scheme specific investment policy, according to analysis by UK performance measurer CAPS...
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Commission named for IR£5bn reserve fund
IRELAND – Minister for finance, Charlie McCreevy, has appointed the commission that will oversee management of the IR£5bn (e6.35bn) National Pensions Reserve Fund...
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Pension fund may bear cost of merger redundancies
SWEDEN – The proposed merger between Skandinaviska Enskilda Banken (SEB) and Föreningssparbanken (Swedbank) could see SEB’s pension fund bearing a large part of the cost of integration....
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Portuguese funds positive for 2000
PORTUGAL – Pension fund returns for 2000 just scraped into positive territory - recording an average of 1.1% for the year - according to the preliminary results of the SEMP2000 survey by the Lisbon office of consultancy Watson Wyatt...
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Man launches fund of hedge funds
UK – Alternative investment group Man, is to launch its first UK-listed fund of hedge funds product, called Man Alternative Investments Limited (MAIL)...
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BVCA open its doors to institutional investors
UK – Abbey National and JP Morgan have become the first institutional investors to join the British Venture Capital Association (BVCA)...
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Swedes surf net to switch savings
SWEDEN –The number of people switching their assets within the Swedish premium pension administration system (PPM) has more than doubled in a week following the launch of its new web site....
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RLAM grabs £3m Irish Assembly brief
UK – The Northern Ireland National Assembly has selected Royal London Asset Management (RLAM) to manage its entire £3m (e4.7m) pension portfolio...
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Dyson quits Mercer for top Merrill spot
UK – Andrew Dyson, the former head of US multinational investment consulting at consultant William M. Mercer, has been appointed head of institutional marketing at Merrill Lynch Investment Managers...
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BAM sweeps £60m from UK supermarket fund
UK – Supermarket chain Somerfield’s £300m pension scheme has appointed Baring Asset Management as manager to a £60m UK fixed income portfolio...
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Bacon & Woodrow bolsters DC team
UK – Consultant Bacon & Woodrow has made a slew of new appointments to its defined contribution (DC) pensions practice, as part of a restructuring plan of its employee benefits division...