Advisers – Page 99
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News
BHW Invest sold to Postbank
GERMANY - BHW Invest, a German institutional fund administrator, has confirmed that it is now partially owned by retail banking giant Postbank.
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News
Irish fund servicing industry closes on $1trn
IRELAND – Irish-serviced funds grew 23% over the past year, topping $950bn (€785bn) as at 30 June 2005, according to Lipper Fitzrovia’s 11th annual Dublin Fund Encyclopedia.
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News
IPE Real Estate launches website
GLOBAL – IPE Real Estate, the specialist magazine for institutional investors, has today launched a new website to provide further insight into the fast-growing international real estate investment market place.
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Features
Breaking the stranglehold
One of the myths about Germany is that it is becoming less attractive to foreigners wanting to do business. Spreaders of the myth – typically neo-liberal-minded industrialists, economists and politicians – say that unless Germany lowers its labour costs, cuts its taxes and streamlines its bureaucracy, it will attract fewer ...
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News
Hermes chooses Ortec ALM system
NETHERLANDS -- Hermes Investment Management has chosen consultancy and software developer Ortec as supplier of its asset liability management system, the Dutch company has announced.
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News
Dutch schemes face €105bn shortfall – Watson
NETHERLANDS - Dutch pension funds are facing a combined shortfall of €105bn - taking into account full indexation for future inflation and salary rises – says Watson Wyatt Netherlands.
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News
IPE-QUEST: Four new searches on system
GLOBAL – There are four new searches – for pharmaceutical equities, developed market debt, convertible and investment grade bonds and eurozone debt – on IPE-Quest.
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News
Call for German schemes to adopt governance code
GERMANY – Professor Wolfgang Gerke, a financial expert who recently unveiled a corporate governance code for asset managers, has called for the code to be embraced by German pension funds.
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News
PIMCO says it wins Irish mandates
IRELAND – Fixed income manager PIMCO Europe says it has been awarded two mandates – one worth €60m – from the Unilever Superannuation Fund and the Allianz Group Pension Scheme.
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News
Shell settles case with US retirement plans
GLOBAL – Oil giant Royal Dutch Shell has resolved its dispute with US retirement plans in a $90m (€74.1m) settlement.
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News
Hewitt’s six dimensions of control for pensions
GLOBAL – Hewitt Associates has identified six areas where companies need to exert control of their global retirement benefits activities.
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News
UK regulator to test powers against 17 companies
UK – The UK’s Pensions Regulator is looking to exercise its untested legal powers against 17 corporate sponsors that have purposefully attempted to avoid liabilities.
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News
GSAM consultant chief named as MD
EUROPE – Goldman Sachs Asset Management’s European consultant relations head Paul Richards has been promoted to managing director level at the firm.
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News
Universal sees slow demand for multi-management
GERMANY - Demand for multi-manager funds in Germany remains sluggish, partly because institutions want to influence the way their assets are invested, says Universal-Investment.
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News
UK says new rules to save schemes £10m
UK - The Department for Work and Pensions says new "bulk transfer" rules will save smaller schemes around £10m (€14.7m) a year.
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News
Watson announces five client wins
EUROPE – Consulting firm Watson Wyatt says it has won five new clients recently.
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News
Vanguard loses out in Belgian court battle
BELGIUM – A Belgian court has ordered Vanguard, the $850bn (€710bn) mutual fund company, to pick up a damages tab worth almost €400,000 following defeat by former European marketing assistant director Henk Beets.
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News
Troubled Alliance Capital gets NPRF boost
IRELAND – The National Pensions Reserve Fund has made its first move into emerging markets equities with a €142m investment via Alliance Capital Management, which has been under scrutiny from US regulators.
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News
MLIM hires Aegon UK credit head
UK – Merrill Lynch Investment Managers has appointed former Aegon Asset Management UK credit head, Daniel McKernan, as sterling credit fund manager.
