All articles by Robert Melia Watson – Page 18
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News
Derivatives appointment at Dow Jones STOXX
US – Dow Jones Indexes and STOXX Ltd have promoted Kevin E. Pilarski to the newly-formed position of director of global derivatives.
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News
SalesWatch to track cross-border fund sales
EUROPE/UK – London based mutual fund research company, SalesWatch, has launched SalesWatchOnline, an internet-based service designed and developed on behalf of Europe’s investment management community to research and track Europe’s cross-border fund selling operations and sales trends.
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News
Asset managers’ margins and revenues fall in 2001
UK – Fund managers in the UK suffered a 5.5% drop in revenue last year, the first decline for five years, even though their pricing remained steady, says the latest update of the PricewaterhouseCooper (PWC) annual investment management survey.
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News
Partners acquires saisGroup to expand offering
SWITZERLAND – Zug-based independent private equity firm, Partners Group, has acquired specialist hedge fund management company, saisGroup, adding hedge funds to its product range for the first time.
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News
German corporate governance moves welcomed
GERMANY – The European Corporate Governance Service (ECGS) has welcomed the final version of Germany’s code on corporate governance, presented to finance minister, Herta Däubler-Gmelin, by a special governance commission chaired by Gerhard Cromme.
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News
Euro funds manage slight rise in assets in 2001
EUROPE – Renewed interest among European investors in equities led to an increase in the total assets of UCITs and other nationally regulated investment fund markets of 8.3% during the fourth quarter of 2001, bringing the year end total to €4,594bn...
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News
Employers halve DB provision for expatriates
EUROPE/NORTH AMERICA – Defined benefit pension provision for expatriates from European and North American companies has nearly halved in the last 10 years and European firms are more likely to offer a defined contribution alternative...
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News
Attica appoints director of research
UK – London based investment management firm, Attica Asset Management has appointed Alan Bartlett as director of research.
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News
Jospin- French pensions will be fine for 20 years
FRANCE – Reforming the French occupational retirement provision landscape need not spell the end of the caisse de retraite pay-as-you-go (PAYG) system and the creation of pension funds to replace it, says incumbent French prime minister, Lionel Jospin, in his first interview as a presidential candidate.
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News
IG-BCE seeks consultant for ALM/manager selection
GERMANY – The newly-formed retirement provision company for the German chemicals industry is looking for an investment consultant to undertake an asset liability study and manager selection process for its new pension fund. A spokesman for IG-BCE says that it hopes to appoint a consultancy firm by the summer and ...
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News
Finnish fund seeks managers for €250m mandates
FINLAND – The €300m Suomen Pankki pension fund, the newly-created pension scheme for employees at the central bank of Finland, is looking for asset managers to run a €250m passive equity and euro-zone bond mandate.
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Features
Euroland catches a does of 'Enronitis'
The Enron affair appears to be the main culprit preventing Euroland from landing on its feet. “Euro-zone’s equity markets would definitely have gone up if Enron hadn’t created a new wave of panic,” says Gilles Meshaka, head of European equity management at CDC IXIS Asset Management in Paris. He believes ...
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News
Zobl resigns as CEO of Swiss Life
SWITZERLAND – Manfred Zobl, chief executive officer of Swiss insurance group Swiss Life/Rentenanstalt has unexpectedly resigned and will be replaced by Swiss division head, Roland Chlapowski. Mr Zobl was unavailable for comment but Swiss Life gave “differing strategic views with the board of directors” as the reason.
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News
UK government extends MFR correction periods
UK – The deficit correction periods UK pension schemes must adhere to order to meet the minimum funding requirement (MFR) will be extended, according to the pensions minister Ian McCartney who says it will help solve short-term investment volatility problems and allow pension funds to invest with a longer-term perspective. ...
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News
Concreto enters second phase of manager selection
ITALY – The Italian cement and building materials workers’ complementary pension fund, Concreto, is ready to enter the second stage of its manager selection process.
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News
CBI pushes for new pensions tax incentives
UK – The government needs to introduce new tax incentives in this year’s budget to compensate for the removal of the tax credits on dividend payments that generated £3bn (€4.9bn) in extra revenue for pension funds, says Digby Jones, director general of the Confederation of British Industry (CBI).
