All IPE articles in April 2005 (Online) – Page 4
-
News
MLIM’s total assets under management fall 7%
GLOBAL – Total assets under management at Merrill Lynch Investment Managers have declined by seven percent to $479bn (€368.3bn) due to outflows in institutional liquidity products.
-
News
SSGA’s assets under management rise 11%
GLOBAL – Assets under management at State Street Global Advisors, the asset management arm of State Street Corp, have risen 11%.
-
News
Dutch most satisfied with pensions - survey
NETHERLANDS – The Dutch are the most satisfied people in the world with their present and future pensions, a survey by insurer AXA has revealed.
-
News
CalSTRS plans $3bn emerging market move
GLOBAL – The $127bn (€97bn) California teachers fund CalSTRS is to launch a search for up to six active equity managers to invest about $3bn in emerging markets, or 10% of its international equity portfolio.
-
News
European real estate body INREV names CEO
EUROPE - INREV, the European Association for Investors in Non-listed Real Estate Vehicles, has appointed a new chief executive.
-
News
ABN Amro Mellon gains $6bn in assets
EUROPE – ABN Amro Mellon, the securities services joint venture between the Dutch bank and Mellon Financial Corp., has gained $6bn in assets under custody in the last quarter.
-
News
Watson using psychological tools for managers
GLOBAL – Consulting firm Watson Wyatt has confirmed that it is using “psychological tools” to identify the best investors.
-
News
Huge potential seen in FX for pension funds
GLOBAL – There is “huge growth potential” in the global foreign exchange market, says Putnam Investments.
-
News
Dutch schemes’ Z-scores up for discussion
NETHERLANDS – The system of measuring Dutch industry-wide pension fund performance against a benchmark, known as Z-scores, could be up for debate later this year.
-
News
Clients put $10bn into currency overlay - Mercer
GLOBAL - Mercer Investment Consulting says its clients put $10bn (€7.7bn) into currency overlay mandates in 2004.
-
News
J P Morgan revamps investor services
GLOBAL – J P Morgan has consolidated its investor services and institutional trust services into a new unit called J P Morgan Worldwide Securities Services.
-
News
Austria’s NÖVK scheme taps GES for SRI
AUSTRIA - Niederösterreichische Vorsorgekasse, a two-year-old Austrian pension fund serving 100,000 employees, has hired GES Investment Services for socially responsible investment consulting.
-
News
Wellington raises stake in outsourcer Capita
UK – Asset management firm Wellington Management Co. has increased its stake in Capita Group, which provides pension outsourcing to companies such as utilities firm RWE and supermarket group Safeway.
-
News
S&P sees up to €2bn annual claim on UK’s PPF
UK – Rating agency Standard & Poor’s says the annual claim on the UK’s new Pension Protection Fund could be as high as £1.57bn (€2.29bn) in the worst-case scenario.
-
News
Citigroup asset mgmt profit falls (Update)
GLOBAL – Citigroup has reported that first-quarter net income at its asset management business fell 25% to $79m (€61.5m), with revenues at the division down 10% (Updates with comment).
-
News
Nestlé defeats pension funds amid “mistrust”
SWITZERLAND – Food group Nestlé has defeated a corporate governance motion brought against it by a group of pension funds - with outgoing chairman Rainer Gut questioning their motives.
-
News
Hymans Robertson names seven new partners
UK – Consulting actuaries Hymans Robertson has named seven new partners, bring the total number of partners to 27.
-
News
PGGM to focus on absolute returns
NETHERLANDS – The €61.9bn Dutch healthcare pension fund PGGM aims to increase its allocation to alternatives such as funds of hedge funds and overlay management to around eight percent over time.
-
News
Swiss set up working group for SBB, Publica
SWITZERLAND – The Swiss Federal Council has set up a working group to address pension fund deficits at railway operator SBB and public employee fund Publica.
-
News
Dutch agriculture fund switches to passive
NETHERLANDS – The €300m Bpf AVH scheme, covering 15,000 workers in the agricultural wholesale trade, has turned to Barclays and State Street for passive management, following an “insufficient performance test”.
