All articles by Robert Melia Watson – Page 6
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Janus targets German-speaking Europe
GERMANY – Denver-based asset manager Janus has appointed Thomas Fleck as regional director for German-speaking Europe.
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Invesco launches DC products in Germany
GERMANY – Asset management group Invesco is set to enter the new German occupational pension fund market by the Autumn. Encouraged by the Riester reforms, the group’s planned defined contribution products will comprise either multi-employer funds or single pension schemes for larger companies.
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Emerging beat developed markets in 2001
GLOBAL – Global emerging markets outperformed their developed market counterparts as a whole last year and only declined marginally in dollar terms, despite caution among emerging market fund managers.
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Russian returns dominate Eastern European funds
EASTERN EUROPE – Median returns for funds investing in eastern Europe, particularly Russia, have risen to 55% in dollar terms, whilst investments in the emerging European markets recorded median returns of 26%, according to the latest annual survey of EMEA investments by Standard % Poor’s.
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Pickering report recommends new pensions act
UK– Alan Pickering has called on the government to draft a new pensions act to implement the changes he proposes in his report on simplifying pensions published today. Pickering says the new act should repeal or consolidate any existing private pensions legislation.
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Irish pension fund association names new CEO
IRELAND – The Irish Association of Pension Funds (IAPF) has appointed Nora Finn as its new chief executive. She joins the IAPF from Irish Cement where she has spent the last ten years as HR and pensions manager.
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German retail market to triple in size by 2006
GERMANY– The German retail fund market is expected to triple by 2006 from its present value of €418bn to €1.2trn, with foreign groups accounting for 15%, says the latest research by FERI Fund Market Information.
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Non-US stocks dumped from S&P500 index
US – Index provider Standard & Poor’s has dropped seven non-US companies from its S&P 500 index and replaced them with US companies, in a move that means the index is composed exclusively of US companies.
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Watson Wyatt's Stockholm head leaves for Nordea
SWEDEN – Johan Sidenmark has left Watson Wyatt Worldwide’s Stockholm office nine months after joining the benefits and investment consultancy from rivals Mercer Human Resource Consulting.
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Half of UK workers unworried about pensions income
UK – Over half the UK’s working population in not worried about having sufficient retirement income, whilst 54% believe that their employer is responsible for ensuring adequate pension provision, according to research carried out by Hewitt Bacon & Woodrow.
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Valeiras quits Morgan Stanley for Applegate CM
UK – Morgan Stanley Investment Management in London has announced that Horacio Valeiras, head of its global core equity team, has left the company to join San Diego-based Nicholas Applegate Capital Management as chief investment officer.
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BVI explains poor take up for new private pensions
GERMANY – A complicated regulatory framework and high expectations for the new occupational pension schemes are to blame for the poor take-up rate of the new private Riester pension funds, says Wolfgang Raab, vice president of the BVI, the German asset management association.
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FTSE hire signals push into US pensions market
US – FTSE Americas, a division of London-based global index provider, FTSE Group, has appointed Carmen Campollo as vice president of pension and consultant relations to its New York office.
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Vanguard appoints new MD for European operation
BELGIUM – Vanguard Investments’ European operation has appointed Ian Alcock as its new managing director. Alcock replaces Frank Satterthwaite, who is moving back to the company’s Pennsylvania headquarters to head up its internal audit group.
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Italian unions meet government for pensions debate
ITALY– The Italian government is to hold talks with the country’s main unions this week about reforming the private pensions industry as part of its strategy to relieve the burden on the state pay-as-you-go system.
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Bosch launches new supplementary fund
GERMANY – Stuttgart-based household appliance manufacturer Robert Bosch has launched a new supplementary pension fund for its 102,000 domestic workers. The company is awaiting regulatory approval from the German federal financial services supervisory board, BAFin.
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UK to publish two pension review reports this week
UK– The government is this week publishing two reports containing plans to simplify the range of pensions available and to break down the barriers to saving. Both reports call on the government to reform the way pensions and savings products are sold so they can effectively be bought “off the ...
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Louisiana scheme issues e123m hedge fund RFP
US– The $6bn (€6.2bn) Louisiana State Employees’ Retirement Systems (LASERS) pension fund has issued a RFP for managers for hedge fund-of-funds portfolios worth $120m (€123.4m).
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Deutsche Telecom's new pension fund gets approval
GERMANY- Deutsche Telecom is ready to look for managers for the assets in its newly-established pension fund, which received regulatory approval from the BAV today. Though the size and asset strategy of the fund have yet to be determined, DT has asked Towers Perrin to begin organising beauty parades and ...
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PAIL launches European hedge fund of funds
UK – London-based alternative management firm, Progressive Alternative Investments Limited (PAIL), is to launch a new closed-end fund of European hedge funds, the Progressive European Alternative Portfolio.
