All IPE articles in April 2002 (Online) – Page 5
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Mercer IC prepares to re-open Stockholm office
UK/NORDIC- Mercer Investment Consulting has appointed Hanne Hother as a senior investment consultant for the Nordic region. Based in London, she will develop the investment consulting services in Sweden, Denmark, Norway and Finland.
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First German sponsored Pensionsfond gets go-ahead
GERMANY - The German chemical employers association, the Bundesarbeitgeberband Chemie (BAVC) and the industry’s trade union, the Industriegewerkschaft Bergbau, Chemie, Rnergie (IG-BCE), have received the go-ahead to launch Germany’s first sponsored Pensionsfond – the first grouping to do so.
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Watson Wyatt says scrap state second pension
UK- Consultant Watson Wyatt has called for the abolition of the state second pension and instead recommended that employers be given the freedom to design the pension schemes they offer their employees.
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Martin Currie poaches SG head of European equities
UK- SG Asset Management’s head of European equities Dino Fuschillo is leaving to join Edinburgh-based Martin Currie as a director. In the new role he is responsible for European products and will report to chief investment officer James Fairweather. Prior to his four years at SG Asset Management he spent ...
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AP4 tenders $600m in Asia and Japanese equities
SWEDEN- Sweden’s Skr130bn (e14.3bn) AP4 fund has announced the tendering of Asia Pacific-ex Japan and Japanese equity mandates worth up to a total of $600m (e682m). The fund is to appoint several firms to oversee the mandates, deadline for applications is May 11th and appointments should be announced some time ...
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Zurich completes purchase of Deutscher Herold
SWITZERLAND/GERMANY- Zurich Financial Services has completed the e1bn, 75.9% acquisition of the insurance holdings of Deutsche Bank including the Deutscher Herold Group, Bonnfinanz, and DGV.
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Punter Southall launches FRS17 seminars
UK- Consulting actuaries Punter Southall is launching a series of seminars across the UK aimed at clarifying the new accounting standard FRS17. Designed for trustees and pension fund managers, the seminars will separate the accounting standard and funding issues for pension funds.
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BNP Paribas hires Lespinard as global CIO
FRANCE- BNP Paribas Asset Management has hired Philippe Lespinard as its first global chief investment officer. He will be responsible for the research and active management activities of BNP Paribas AM in equity, fixed income and balanced accounts worldwide.
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William M Mercer changes name
GLOBAL- William M Mercer has announced that henceforth it will trade under the new name of Mercer Human Resource Consulting. Its investment consulting practice is also being re-named Mercer Investment Consulting.
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PGGM's -24.8% PE returns blamed for poor 2001
NETHERLANDS- e49bn Dutch fund PGGM has blamed dismal returns on its private equity portfolio for what it calls a ‘disappointing investment return’ of -6% for 2001. Publication of last year’s results shows the fund underperforming its overall benchmark by 0.9%.
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CalPERS shortlists seven for $4.1bn equity fund
US – The $172.5bn (€196.3bn) Californian state public workers’ pension fund, CalPERS, has short-listed seven asset management firms to take care of the fund’s $4.1bn domestic growth equity fund.
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Mercers IC business development head moves to TGM
UK- The recently re-named Mercer Human Resource Consulting has lost its investment consulting head of marketing and business development David Tucker to a similar role at TGM Asset Management in London. TGM started life in 1997 as a tactical asset allocation manager but has since moved into currency overlay and ...
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Coors outsources administration to Paymaster
UK- The Coors Brewers Pension Plan, the former UK pension scheme of brewing giant Bass, has outsourced its administration to Paymaster.
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Paris heads Standard Life's global fixed income
UK- Standard Life Investments has appointed Rod Paris as head of global fixed income. Paris joins from Merrill Lynch Investment Managers where he held the same position. He will be responsible for the UK, Euro and overseas bonds, including corporates.
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EVCA publishes new private equity booklet
Belgium – the European Private Equity and Venture Capital Association (EVCA) has published a booklet, entitled ‘Why and How to Invest in Private Equity’ aimed at both new investors and those wishing to increase an exiting exposure.
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Threadneedle relocates UK property fund to Jersey
JERSEY/UK- Threadneedle Investments has formed the Threadneedle Property Unit Trust by relocating the former Sackville Property Unit Trust from the UK to Jersey. Prior to the switch, the £110m fund was only open to UK pensions and charities. The move to Jersey will open it to a broader range of ...
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Pimco to enter hedge fund market
US- Fixed income investment manager Pimco has announced as part of its expansion outside the US market that it is entering the hedge fund market with the launch of a fixed income fund for US and foreign investors.
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BNP Paribas to launch UK custody and clearing
UK- BNP Paribas is to launch custody and clearing services in the UK later this year. The bank says preparation is well underway but that it is awaiting the relevant regulatory approval. A preliminary date is late summer, perhaps in August or September.
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Northern Trust names new product development head
UK- Northern Trust Global Investment Europe has appointed Andrew Edgington as director of product management and development. In the new role he will work with chief operating officer Nick Ring and product manager Chris Turpin in developing new investment products as well as overseeing the existing product range.
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ASB rounds on FRS17 critics
UK- The UK’s Accounting Standards Board (ASB) has rounded on critics of the new accounting standard FRS17 saying it is would be wrong to reassess the approach. In an interview with the Financial Times, Mary Keegan, chair of the ASB, stood by FRS17 saying: “it is a good standard and ...
