All articles by Perttu Jarvenpaa – Page 16
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State Street creates multiple currency portal
US – State Street has launched an online service allowing the management of cash deposits in multiple currencies...
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'Ericsson effect' drives Swedes abroad
SWEDEN – The ‘Ericsson effect’ is changing the attitudes of Swedish asset allocation, according to leading consultants. Ericsson's share price has plummeted from SEK930 (e103) last March to SEK85 this year.
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Swedish supervisors want to boost activities
SWEDEN – Finansinspektion (FI), the Swedish financial supervisory authority, has asked for an increase of almost 25% into its annual budget in the next three years, after an annual review.
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Helsinki Exchanges acquire Estonian bourse
ESTONIA FINLAND – Helsinki Exchanges Group (HEX) is buying a majority share in the Tallinn Stock Exchange (TSE) and extending its operational trading system to the Estonian bourse.
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Bundesrat says no to proposed pension reform
GERMANY – The Bundesrat upper house of the German parliament has rejected the social democratic-led government’s plans for second and third pillar pension reform....
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'Active' managers head for the index closet
UK – Active investment managers are increasingly acting as closet index-trackers, according to a study by performance measurement firm, the WM Company...
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S&P opens new European office
EUROPE – Standard and Poor’s has announced the opening of a new European headquarters for its financial communications business...
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Van Eeghen to step down at ING
NETHERLANDS – Jacob van Eeghen is to resign as chairman of ING Investment Management (IIM)...
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Norwegian fund could fuel future pensions
NORWAY – Svein Gjedrem, the governor of the country’s central bank - Norges Bank, has suggested a link could be made between the stretched Norwegian pension system and the burgeoning revenues of the government’s NOK360bn (e44bn) petroleum fund....
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NAPF embraces government retirement plans
UK – The National Association of Pension Funds (NAPF) has welcomed the government’s plans to end compulsory retirement at the age of 65...
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Tradebook opens up to new European securities
US - Bloomberg’s electronic agency broker Tradebook is to expand by adding Danish, Dutch, Finnish, Swedish and Swiss listed securities to the platform...
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SEB is first Nordic institution to trade on Eurex
SWEDEN – The financial group SEB has been upgraded to a full clearing member of Eurex, the electronic derivatives exchange....
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MFR may not be the problem for UK schemes
UK – The minimum funding requirement (MFR) is not necessarily to blame for the problems surrounding occupational pension schemes, suggests the annual Equity Gilt Study by Barclays Capital...
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ABN AMRO Mellon scores £1.36bn UK custody win
UK – The £1.36bn (e2.17bn) Hertfordshire County Council pension fund has appointed ABN AMRO Mellon Global Securities Services as its global custodian....
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US equities record worst deficit since depression
US/UK - US equities experienced their widest negative margin against bonds since the great depression of the 1930s last year - returning a deficit of 30.4% less than fixed-income securities, according to the annual Equity Gilt Study by Barclays Capital...
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BGI launches on-line institutional trade service
US – Barclays Global Investors (BGI) has launched an on-line trade order service for US pension plans, which will be expanded to international clients in the future...
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European equities could be best bet
EUROPE – At a time of slowing economic growth in the US, Europe could prove to be a haven for investors, says Mark Pignatelli, head of European equities at Schroders...
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Old Mutual finds energy for new venture fund
LUXEMBOURG – Financial services group Old Mutual is sponsoring the launch of a European offshore energy fund to take advantages of rapid changes to the continent’s energy market....
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Northern scoops £1.2bn in charity fund custody
UK – CCLA Investment Management, the country’s biggest manager of charitable fund assets, has appointed Northern Trust to provide global custody to eight of its funds with a total asset value of £1.2bn (e1.9bn)....
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RLAM hoping for UK institutional Edge
UK – Royal London Asset Management (RLAM) has appointed Christopher Edge – the former chief executive officer of Pavillion Asset Management, as head of sales and marketing, in a bid to expand its presence in the UK institutional investment market....
