All articles by Robert Melia Watson – Page 33
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Duke Street starts Spanish venture firm
SPAIN – London based pan-European fund management group, Duke Street Capital Group (DSCG) has launched Iberduke Capital Partners (IPC), a private equity fund management company based in Madrid....
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JP Morgan creates failed trade analysis platform
US – JPMorgan Investor Services has launched the JPMorgan Trade Settlement and Relative Ranking System (JPMorgan TradeSTARR), a web based analytical platform designed to alleviate the problem of failed trades, which cost the investment industry an estimated US$1bn (€1.1bn) each year, according to JPMorgan....
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MEPs give green light to UCITS market expansion
EUROPE – MEPs have voted in favour of the two Council Common positions to expand the European market in unit trusts and UCITS (Undertakings for Collective Investments in Transferable Securities ) as reported on IPE-Newsline on October 11....
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Sweden's AP1 fund chairman to retire
SWEDEN – The SKr134bn (€14bn) Första AP-Fonden (AP1), the first Swedish national pension fund, is to have a new chairman in the New Year, as current chairman Lennart Nilsson is to retire in January....
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Pension funds should go for gold, says WGC
UK – Managers of pension funds and other institutional funds in the UK should not ignore gold when looking at alternative asset classes, according to Dr Robert Weinberg, head of institutional investment at the World Gold Council….
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BGI offer new institutional asset allocation fund
UK – Barclays Global Investors (BGI) has launched the BGI UK Equity Ascent Asset Allocation Fund, which operates by taking positive and negative positions on 30 different equity, bond and currency markets....
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JP Morgan Fleming launches global cash portal
GLOBAL – J.P. Morgan Fleming Asset Management (JPMF), has launched the Global Cash Portal (GCP), an internet-based platform enabling JPMF’s institutional treasury clients to access cash management products worldwide....
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Hewitt becomes global equity director at FIS
UK – Friends Ivory & Sime (FIS) has appointed Peter Hewitt as director of global equities in its fund management team in London....
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Insurers may win out in German pensions boom
GERMANY – The new German pensions market could exceed the current estimate of €53bn if the public sector joins the rush and tax reforms decided by the Supreme Court are implemented, says Commerzbank Securities (ComSec) in a special report on German pensions....
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German savings banks to create new pensions arm
GERMANY - The German public savings’ bank network, the Deutsche Sparkassen- und Giroverbandes (DSGV), is to enter into a joint venture with its insurance equivalents in order to compete with its private rivals in the new pensions market in Germany, Dietrich H. Hoppenstedt, the network’s president, has said in an ...
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GAM hires Thompson to expand European focus
FRANCE - Global Asset Management (GAM) has appointed Joanna Thompson as a director for Europe, a newly created position with specific responsibility of promoting GAM’s institutional operation in the French-speaking regions of Europe....
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Denmark's Tryg-Baltica reshuffles executive board
DENMARK – Tryg-Baltica Liv og Pension has reshuffled its executive management board and changed its name to Tryg-Baltica Pension to reflect its new status as a separate legal entity as well as a separate business unit.....
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Punter Southall wins £67m BACS fund brief
UK – Pensions and benefits consultancy firm, Punter Southall, has been appointed as actuaries and administrators to the £67m (€107m) defined benefit (DB) pension fund of BACS, the global automated clearing house company....
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Nasdaq Europe names new CEO
UK – Nasdaq Europe has appointed Michael Sanderson as chief executive officer (CEO)....
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Zurich hosts European pension systems conference
EUROPE/UK – The Oxford Institute of Ageing is organising a one day conference, hosted by Zurich Financial Services, to highlight the ways different countries approach private and public pension provision....
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Dobson joins Schroders as new chief executive
UK – Schroders has appointed Michael Dobson as chief executive and set out proposals to acquire Dobson’s own asset management firm, Beaumont, for £33.5m (€53.4m) as part of the deal...
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Europe's best third-party fund suppliers named
EUROPE – Fidelity has been ranked the best supplier of third party funds in Europe for the fourth year running, according to a survey of 300 European distributors carried out by Sector Analysis, the London based pan European asset management research firm....
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Only one in ten expect state pension to suffice
UK – Only one in ten adults in the UK expects to be able to live off the state pension, yet 39% have made no provision for their retirement, according to research undertaken by HSBC....
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Mercer has right chemistry for £50m DuPont mandate
UK – Chemical firm DuPontSA has appointed William M. Mercer as consultant and actuary for its new £50m (€80m) UK pension fund...
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Foreign and Colonial launches German charity fund
GERMANY – Foreign & Colonial (F&C), has begun marketing a new fund aimed at German charities, F&C HVB-Stiftungsfonds, which has already raised €40m in the pre-marketing stage....