Advisers – Page 101
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News
IXIS Asset Management names Leroux as CIO
FRANCE – IXIS Asset Management has named SCOR Asset Management’s Véronique Leroux as its new chief investment officer.
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News
GlaxoSmithKline consolidates €6bn custody
EUROPE - Pharmaceutical giant GlaxoSmithKline has consolidated €6bn in custody with ABN Amro Mellon, according to the provider.
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News
Watson, Mercer, Hewitt have UK “stranglehold”
UK – New research claims the “big three” firms – Watson Wyatt, Mercer and Hewitt - dominate the UK corporate pension consulting market.
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Features
Strong FoF summer recovery continues
Riding the recovery wave that began in May and rose in June, global markets continued to yield very good returns for funds of funds all round. The Eurekahedge Global Fund of Funds Index returned 1.6% in July and tentatively is up 0.8% in August The best performance came from funds ...
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Features
Consultants have a role to play
Although many smaller pension funds do not find it necessary to take on the services of a custodian, it becomes necessary at a certain level of complexity. In the UK, at least, if a fund only invests in pooled funds, there is no need for a custodian since the pooled ...
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News
Dutch regulations boost pension outsourcing
NETHERLANDS – Complicated pensions regulations have made direct pensions outsourcing “almost unavoidable”, according to the 100 delegates at a debate regarding the future of outsourcing.
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News
IPE-QUEST: Three new searches on system
GLOBAL – There are three new searches on the IPE-Quest system, for global commodities, liability solutions and Australian equities.
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News
Barclays nabs PSolve’s Orpin for UK pensions
UK – Barclays Capital says it has hired Gavin Orpin from PSolve Asset Solutions for its UK Pensions Solutions team.
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News
Helaba rules out German multi-manager fund
GERMANY - Helaba Northern Trust, the asset management venture between German Landesbank Helaba and US bank Northern Trust, has, for the time being, ruled out launching a multi-manager fund for the German institutional market.
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News
Coats awards €2.2bn actuarial brief to Mercer
GLOBAL – Textile firm Coats has named Mercer Human Resource Consulting as global actuary covering £1.5bn (€2.2bn) of pension assets.
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News
German consultant GSC ends tie with PPCmetrics
GERMANY – GSC, a German investment consultant, has ended its two-year joint venture with Swiss partner PPCmetrics after they failed to agree on strategy and services.
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News
No pension experts on new EU monitoring group
EUROPE – There are no pensions experts on the re-formed European financial services monitoring group, despite the fact that it was expanded earlier this year to take occupational pensions into account.
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News
ABN Amro names European consultant head
EUROPE - ABN Amro Asset Management has named Henderson's Deborah Harris to the new role of European head of consultant relationships.
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News
USS puts €32bn of custody under review
UK – The £22bn (€32.4bn) Universities Superannuation Scheme is reviewing its entire custody arrangements with the help of consulting firm Thomas Murray.
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News
AP2 says Skandia needs “peace and quiet”
SWEDEN – Andra AP-fonden, the Second Swedish National Pension/AP2, has waded into the bid for Skandia by Old Mutual, saying the Swedish insurer needs a period of “peace and quiet”.
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News
PIMCO awarded HSBC emerging market brief
UK – PIMCO Europe says it has been awarded an emerging market mandate of undisclosed size from the trustees of the HSBC International Staff Retirement Benefit Scheme.
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News
DeAM unveils German multi-manager funds
GERMANY - Deutsche Asset Management has rolled out the first of two multi-manager funds for the German-speaking institutional market, yet no longer believes demand for the funds will be as robust as previously estimated.
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News
North Yorks completes €1.3bn portfolio revamp
UK – The £880m (€1.3bn) North Yorkshire Pension Fund has completed the restructuring of its portfolio which has seen it shift to specialist managers from balanced.
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News
Watson to take over Mercer Dutch insurance arm
NETHERLANDS – Watson Wyatt is to take over Mercer Management Consulting’s 22-strong Mercer Oliver Wyman actuarial consulting business in the Netherlands.
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News
Threadneedle sells MM multi-management arm
UK - Threadneedle Asset Management has told its multi-management arm MM to Investment Manager Selection for an undisclosed price.
