Advisers – Page 170
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News
European ETF assets grow 800% in 2001
GLOBAL- Assets invested in exchange traded funds listed on European exchanges grew more than 800% in 2001 to top $5.6bn (e6.3bn) according to research by Morgan Stanley. Recent figures show there are 71 ETFs with 92 listings on six European exchanges.
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News
Tayside opts for Northern Trust to provide custody
UK- Dundee city council’s £930m (e1.5bn) Tayside Superannuation Fund has selected Northern Trust from a shortlist of three candidates to provide custody and other securities services including securities lending, cash management, web-based reporting and other related securities services.
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News
Swiss Fund seeks additional managers for €2.4bn
SWITZERLAND – The SFr10bn (€6.8bn) Swiss Post Office pension fund is to begin searching for additional asset managers in March, having already selected UBS Asset Management, Credit Suisse Asset Management and Pictet to run various portfolios for the recently-created fund.
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News
Italian rail fund to begin manager search in March
ITALY – The Italian State Railways pension fund, Fondo Pensione Eurofer, will begin looking for managers for its €25m assets in March once it has received the regulatory approval from Covip, the Italian pension fund supervisory body.
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News
BGL gets go ahead for first of three ASSEPS
LUXEMBOURG- Banque Generale de Luxembourg (BGL) has launched an ASSEP for its Luxembourg-based senior managers after it received regulatory approval at the end of December.
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News
Managerselection buys out founder Felix Kottmann
SWITZERLAND- Managerselection.com, the Swiss-based data platform for pension funds, consultants and investment managers, has bought back all of founder Felix Kottmann’s shares following his resignation.
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News
British Vita picks Mercers for administration
UK – Consultant William M. Mercer has won the mandate to provide administration services to the main group pension funds of British Vita, the Manchester-based polymer technology specialist.
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News
PPM mis-sells shares for 11,000 members
SWEDEN- Faulty information supplied to Sweden’s PPM by the tax authorities and the country’s National Social Insurance Board (RVF) has led it to mis-sell shares totalling a maximum of e600,000 for more that 11,000 scheme members.
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News
AP7 alternative manager search enters final stage
SWEDEN- The e2.3bn AP7 default fund’s search for private equity and hedge fund of fund investment managers enters the final stage next week when it begins interviewing a final shortlist of ten potential candidates.
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News
A.G. Bisset wins Firemen's overlay mandate
US/EUROPE – US currency overlay specialist A.G. Bisset & Company, has won a mandate to actively manage the currency exposure of $85m in EAFE invested equity portfolios for the $1.3bn Firemen’s Annuity and Benefit Fund of Chicago....
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Features
More accountability for UK consultants
Alan Botterill’s claim that the Myners report is just one part of the jigsaw, is a sentiment shared by every other consultant interviewed by IPE. They agree that 2001 was frantically busy and a year in which the industry faced an unprecedented number of changes. It’s not just the Myners ...
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Features
Kottman Advisory formed
Felix Kottmann, the former member of the executive committee at Swiss consultants Complementa, who left the firm earlier this year, has set up his own consultancy firm. Kottmann Advisory is to provide customised services to a group of international institutional and private clients in Switzerland. Kottmann, who already works on ...
