All articles by Robert Melia Watson – Page 26
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Features
Currency change set to boost stocks
The physical introduction of the euro this month, when households, businesses and retail banks will start using and trading in euro-denominated bank notes and coins, is likely to have a positive effect on Europe’s equity markets, analysts agree “Though it is difficult to say what kind of impact the changeover ...
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News
Institutional 'alternatives' exposure doubles
EUROPE – Institutional investors are increasingly turning to alternative investments in an attempt to boost returns, claims joint research undertaken by Goldman Sachs and Frank Russell....
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News
Wuffli replaces Arnold after shock UBS sacking
SWITZERLAND – Swiss international banking group, UBS, has announced several top level group board changes, with Peter Wuffli, former chief executive officer (CEO) of UBS Asset Management taking over as president of the group executive board....
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Allianz to lead investment for German fund giant
GERMANY – Allianz is to lead a consortium of managers including Victoria Versicherung, BHW and Westdeutsche Landesbank (WestLB) in running the assets of the newly established Metall-Rente, the industry wide retirement provision company for the 4 million strong German metal, electronics, steel and textiles industries....
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SFIM triumphs in Swedish pan-European equity RFP
SWEDEN – Singer & Friedlander Investment Management (SFIM) has won the mandate to run a pan-European equity portfolio for Procordias Pensionsstiftelse II....
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Handelsbanken wins SKr920m AstraZeneca bond brief
SWEDEN – Anglo-Swedish pharmaceutical company, AstraZeneca has appointed Handelsbanken to run a new Swedish fixed income portfolio within its SKr2.3bn (€243.3m) pension fund....
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MFS wins SFr50m CERN pensions mandate
SWITZERLAND/UK – The Centre Europeén pour la Recherche Nucléaire (CERN) the Geneva based European nuclear research centre, has appointed London based MFS International to run a SFr50m (€33.9m) active European equity mandate within its pension fund....
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Reuters report reveals fears over Myners review
UK – The potential introduction of single fee structures and an end to “soft commissions” is the hottest subject among fund managers thrown up by the Myners review of institutional investment, claims research undertaken by Reuters into the review’s impact on the fund management and financial industries....
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BFr8bn Flanders tender reaches second phase
BELGIUM – The selection process to appoint asset managers for the BFr8bn (€2bn) Flanders healthcare fund has entered its second phase, though no final announcement is expected before next spring, says Edwin De Boeck, managing director of KBC Asset Management in Brussels....
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Nordea forms new asset management division
DENMARK – Copenhagen based financial group, Nordea, has formed a new asset management and life assurance business, Nordea Asset Management & Life, which itself will be subdivided into six business units....
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Cranston steps down as NAPF director general
UK – David Cranston, director general of the National Association of Pension Funds (NAPF), is to step down from his position at the end of this year after 18 months in the job....
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Russell wins £18m Institute of Physics fund brief
UK – Frank Russell Company has been appointed to run the full £18m (€29m) pension scheme of the Institute of Physics Retirement Pension Plan....
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Norwegian asset management/property firm launches
NORWAY – The Norwegian State railway, Norske Stadsbaner (NSB), and Aberdeen Celexa Property Investors Nordic Region (ACPINR) have jointly created Celexa Eiensdomsforvältning (CE), a new asset and property management and administration company...
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News
Lack of knowledge deters hedge fund investment
GLOBAL – A lack of knowledge and understanding of how hedge funds work is deterring investors from using alternative investments to diversify their portfolios or reduce volatility, says Baring Asset Management (BAM)....
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News
Bank of New York switches ADR index to free float
US - The Bank of New York (BNY) is to convert the BNY ADR Index from a full market capitalization to a free-float adjusted system....
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News
SRI research needs standardisation, EU told
EUROPE – It is the quality of socially responsible investments (SRI) research that needs to be standardised, not the methodology, according to Claudia Kruse, corporate responsibility analyst at SRI specialist firm, Global Risk Management Services (GRMS)....
