All articles by Robert Melia Watson – Page 30
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Baring scoops £80m Pirelli fixed income brief
UK – Baring Asset Management (BAM) has won an £80m (€129m) fixed income mandate from the Pirelli Common Investment Fund (PCIF), the UK the Italian tyre and cable company’s UK pensions arm....
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ABN Amro launches SRI equity fund
NETHERLANDS/LUXEMBOURG – ABN Amro has launched the Socially Responsible Equity Fund (SREF), a Luxembourg based fund aimed at both private and institutional investors.....
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Stamp duty hike will be a tax on pension funds
UK – A rumour that the next UK budget will include an increase in stamp duty from 4% to 5% on properties over £500,000 (€807,000) will effectively be a tax on pension funds, warns chartered accountants, Kingston Smith (KS).....
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SEI appoints UK client services director
UK – SEI Investments has appointed Nigel Down as client service director to its UK institutional team, a newly created position.....
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Gissings wins LOGiCOM European admin brief
EUROPE – Employee benefits consultancy company, Gissings, has won the mandate to provide full pensions services to the UK and continental European pension schemes of LOGiCOM, the IT inventory and supply chain company....
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Mellon reshuffles management for European growth
UK/EUROPE - Mellon Financial Corporation (Mellon) has announced a raft of senior European management changes as it sets its sights on business growth on the continent, beginning with the move of Jack Klinck, Executive Vice President and Head of Corporate Strategy and Development, to London as head of Mellon Europe.... ...
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Nordea signs up Northern Trust for US custody
US – Nordea Investment Management (NIM), the US fund management arm of the Nordic group, has appointed Northern Trust as global custodian and fund accountant to its new Delaware institutional business trust....
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Nasdaq Europe in German exchange alliance
GERMANY – The Berlin Stock Exchange (BSE) and NASDAQ Europe (NE) have announced details of a partnership to create a common trading platform, the first time an international stock exchange has formed a direct link with the German equities market....
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Hymans publishes top 50 UK fund manager survey
UK – London based international actuaries and consultancy firm, Hymans Robertson (HR), has published its 16th annual survey of the UK’s major pension fund managers, entitled The Big 50....
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Crédit Agricole signs funds deal with AGF
BELGIUM – Crédit Agricole Asset Management (CAAM), the asset management arm of France’s largest retail bank, Crédit Agricole (CA), has announced that AGF Belgium Bank (AGF) has approved CA-Funds as one of its fund providers.....
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Russell in Spanish multi-manager alliance
SPAIN – Frank Russell Company has formed a strategic partnership with major Spanish financial organisation, Ahorro Corporación, to provide a comprehensive multi-management investment programme to retail investors....
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Equity/bond split drives managed fund returns
GLOBAL – The allocation of investment between bonds and equities has become the driving force behind the performance of managed funds this year, as compared to regional asset allocation and equity exposure in 2000, says a performance report by Standard & Poor’s (S&P)....
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Fortis opens new Irish funds office
IRELAND – Fortis Fund Services (Ireland) Ltd (FFSI) has opened a new branch office in Galway City, which is expected to employ over 50 people....
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Aon wins Crown Estate pensions advisory brief
UK – Aon Consulting has been appointed as actuarial adviser, pensions consultant and scheme administrator to the £12m (€19.5m) defined benefit (DB) pension plan of the Crown Estate....
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New Italian mutual fund database launched
ITALY – Ratings company and mutual fund information provider, Standard & Poor’s (S&P) has launched its Italian database, covering 1,170 Italian mutual funds and more than 1,580 foreign funds registered for sale in Italy....
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Aon retains €3.4bn Philips fund admin brief
UK – Aon Consulting have retained the mandate to provide administration services to the €3.4bn Philips Pension Fund, the UK pension fund of major Dutch global electronics firm, Philips Electronics.....
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Carlson grabs SEK160m in new Kommun briefs
SWEDEN – Carlson Investment Management, has won two new local authority pension fund mandates worth SEK160m (e17m)....
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AGF/Dresdner create new €54bn French manager
FRANCE – Paris-based asset management companies, AGF Asset Management and Dresdner RCM Gestion have joined forces to create one of France’s largest asset managers, with €54bn under management....
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Swiss ABB scheme launches new venture fund
SWITZERLAND – The €3.6bn Baden based ABB Vorsorge (ABB) pension fund company has launched its fourth closed-end private equity fund, which has already raised CHF 80m (€54.5m) in its first closing....
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FSB says insured funds should replace stakeholder
UK – The government should set up a second tier of pension provision within the existing national insurance systems, says the Federation of Small Businesses (FSB), in a research paper that criticises the recently implemented stakeholder pension system....
