Advisers – Page 178
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AUM of European institutional managers rise 38%
FRANCE / GERMANY / ITALY / BENELUX – Assets under management by European institutional managers only rose 38% in 2000, compared to 65% in 1999...
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Membership of Irish pensions funds rises
IRELAND - The total number of pension schemes registered with the Pensions Board, the Irish regulatory body, rose by 19% in 2000 to 86,348, while the numbers covered by all schemes rose by 10% to 629,801...
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Andrew Ross is new chief executive at Cazenove
**New Chief Executive at Cazenove** UK – Andrew Ross has been named as new chief executive of London based Cazenove Fund Management. Ross was previously chief executive at HSBC Asset Management (Europe).
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Aon to launch multi-manager funds for UK
UK – Aon Consulting is to launch a new investment management company later this year, Aon Asset Management, which is expected to have between £500m (€815m) and £1bn (€1.6) in assets under management...
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Cornhill opts for Scottish Life’s DC admin scheme
UK – Scottish Life Administration Services (SLAS) has been appointed to provide third party administration to the new defined contribution (DC) scheme of Cornhill Insurance...
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Mercer wins brief for Boxclever plan
UK – Major employee benefits consultancy firm, William M. Mercer, has been chosen to act as consultant for the pension fund of Boxclever, the newly formed television and video rental joint venture company...
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Smith & Nephew awards £120m multi-manager mandate
UK – Smith & Nephew, the London based international medical device development and marketing firm, has appointed Frank Russell to manage through its multi-manager funds a £120m (€195m) portion of Smith & Nephew’s £220m UK pension fund
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Italian group picks Pimco for E300m bond portfolio
UK / ITALY – Pimco Europe has secured two specialist investment grade US bond mandates from Italian banking group, Fondi Monte dei Paschi di Siena (MPS) worth €300m.
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Punter Southall gives MacGregor stakeholder advice
UK – Aberdeen-based oil and engineering services company, MacGregor Energy Services, has selected Punter Southall Financial Management (PSFM) to advise on the stakeholder pension plan it is setting up...
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CSAM announces fixed income fund for Hungary
UK – Crédit Suisse Asset Management (CSAM) is to launch a fixed income mutual fund in Hungary.
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IBN extends network with new members
UK – The International Benefits Network has announced three new members...
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Future looks bright for Europe's venture market
EUROPE - The medium-term outlook for the private equity industry in Europe has never been brighter, according to a Bank of Scotland sponsored report into the positive impact of legislation and initiatives at both European and government level.....
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Portugal's e3bn reserve fund to start outsourcing
PORTUGAL – The e3bn Lisbon based Portuguese pension reserve fund, created in 1989 to plug the future hole in Portugal’s social security retirement payments, could outsource up to 20% of its assets to external managers by the end of the year....
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General Motors appoints Man as hedge fund advisor
UK – Glenwood, a wholly owned subsidiary of the Man Group, the international hedge fund and futures broker, has been appointed as strategic hedge fund consultant to General Motors Investment Management Company (GMIMCo).....
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Norwegian fund appoints Den Norske and Pareto
NORWAY – The NKr 800m (€101m) Larvik Primary Fund, the fund established to support the city of Larvik’s local economy has awarded two active segregated balanced mandates to Den Norske Bank Asset Management (DNB) and Pareto Asset Management....
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Altink to head Mellon's European corporate affairs
UK/EUROPE – Jan Altink has been appointed director of corporate affairs for Europe by Pittsburgh based Mellon Financial Corporation.
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Deloittes loses influential Belgian director
BELGIUM – Paul Roels, a director with the Brussels office of consultant Deloitte & Touche, has quit the firm to join mutual pension insurance company Integrale....
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Mantel to lead Baring UK/Europe investment team
UK/EUROPE – Jan Mantel joins Baring Asset Management (BAM) next week as director and head of its UK and Europe investment team....
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Dutch funds start pooling talks for e5bn in assets
NETHERLANDS – Six Dutch pension funds due to move into shared offices in Rijswijk early next year have started investigations into the pooling of their assets in a move they claim could save them up to e2m per annum....
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UK lawyer claims annuities for women are unjust
UK – Robert Morfee, a partner at law firm Clarke Willmott & Clarke, has launched a campaign against UK law that obliges women to buy annuities, suggesting that it is discriminatory and could be in breach of European and human rights legislation....
