Advisers – Page 78
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Dutch union eyes pension fund for self-employed
NETHERLANDS - The largest Dutch trade union FNV has stated it wants to set up a new defined contribution pension fund for self-employed people and small businesses.
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USS in central Europe real estate move
EUROPE – The £26bn (€38.5bn) Universities Superannuation Scheme, the pension fund for university staff, has made a move to increase it central European real estate holdings.
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Watson Wyatt’s de Maar joins Dutch doctors’ fund
NETHERLANDS – Watson Wyatt’s Stefan de Maar in an unusual move has switched from investment consulting to join the Dutch €11.7bn Doctors Pension Funds Services (DPFS).
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Lehman unveils LDI indices
GLOBAL – Global investment bank Lehman Brothers has announced the launch of two new swap indices which could help facilitate liability driven investing.
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Pension statements could shock – Mercer
UK - Occupational pension scheme members could be in for a shock when they receive statements explaining the funding position of their scheme this week, says Mercer Human Resource Consulting.
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Warwickshire to put 10% into alternatives
UK - Warwickshire County Council has tendered for up to £100m (€148m) in real estate and fund of hedge funds for the £1bn Warwickshire Pension Fund.
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MLP takes control of FERI Finance
GERMANY – Independent financial advisor MLP has taken a controlling stake in Feri Finance, the holding company of German investment consultant Feri Institutional Advisors (FIA).
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Somerset awards currency brief to Record
UK – The £960m (€1.4bn) Somerset County Council Pension Fund has awarded Record Currency Management a currency hedging mandate.
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Germany: Watson welcomes BVI’s scrutiny
GERMANY – International consultant Watson Wyatt has broken ranks with its peers by welcoming a questionnaire from German fund industry association BVI.
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Mercer affected as parent axes 750 jobs
GLOBAL – Mercer Human Resource Consulting will bear some of the brunt of parent company Marsh & McLennan Companies decision to cut 750 jobs.
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Manchester firefighters want pensions admin
UK – The Greater Manchester Fire and Rescue Authority is tendering for a five year “framework agreement” for the provision of a firefighters’ pension scheme system.
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Swansea Pension Fund seeking investment advisor
UK – The City & County of Swansea Council is seeking one or more independent investment advisors for the £790m (€1.2bn) Swansea Pension Fund.
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German institutions eye structured, private equity
GERMANY – Pension funds and insurers are planning more investment in alternatives this year and next, but will only award mandates for structured products and private equity, according to a new survey by German consultant Heissmann.
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Swiss pension fund interest rate stays 2.5%
SWITZERLAND – The Swiss parliament has decided to leave the minimum interest rate for occupational pension funds at 2.5%.
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Mercer Netherlands’ manager Sprenkels leaves
NETHERLANDS - Ruud Sprenkels, head of the Netherlands at consulting firm Mercer Human Resources, has resigned (amends title).
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ABP quant head Gupta joins UK’s Pearl Group
EUROPE – Pranay Gupta, head of global quantitative strategies - capital markets at ABP Investments, has become the latest figure from the Dutch pension giant to join the Pearl Group.
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Ex-ING pensions head Nijssen joins consultant
NETHERLANDS – Former ING pensions head Jan Nijssen has joined Dutch pensions consulting and law firm Montae’s executive board in a move to expand the firm’s pensions consultancy offerings.
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Hewitt under review at Cork university scheme
CORK – Consultants Hewitt Associates is facing a review at the €191m University College Cork Statutory Pension Scheme, based in south of Ireland.
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ABN Amro scheme licenses ORTEC software
NETHERLANDS – Pensions software firm ORTEC says it has licensed its PALM asset liability management product to the €8bn ABN Amro Pension Fund.
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Man Group CEO Fink to step down
UK – Stanley Fink is to step down as chief executive of Man Group, the world’s largest listed hedge fund group, and be replaced by finance director Peter Clarke as from April 1 next year.
