All IPE articles in April 2005 (Online) – Page 5
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FTSE and ISS add corporate governance ratings
GLOBAL – FTSE Group and Institutional Shareholder Services have added corporate governance ratings to their new FTSE ISS Corporate Governance Index.
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Hedging affects Dutch public transport schemes
NETHERLANDS - Hedging and the rising dollar has affected the returns on investment of the Dutch railways pension fund and the scheme for public transport, according to their quarterly results.
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Schemes happy with new FTK clarity
NETHERLANDS – After a consultation, it has emerged that Dutch pension funds don’t need to stack-up financial buffers to cover the risks of indexation and investment separately, under the new rules of the financial assessment framework, or FTK.
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IPE-QUEST: Swiss multi-manager tenders €161m
SWITZERLAND - A Swiss multi-manager has tendered a Swiss large cap-core equity mandate worth up to CHF250m (€161m) via IPE-Quest.
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UK’s NAPF says performance, not SRI, is key
UK – The National Association of Pension Funds says pension fund performance is more important that socially responsible criteria.
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Big Dutch schemes get boost from oil surge
NETHERLANDS - Rising oil prices have been the main driver behind strong returns on commodities portfolios at several large Dutch pension funds, their quarterly results have shown.
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OECD sees no evidence of longevity deceleration
GLOBAL – The Organisation for Economic Cooperation and Development says the increase in longevity seems to be a permanent effect.
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Greenwich: foreign exchange becoming asset class
GLOBAL – With volumes up almost 25% last year, foreign exchange is evolving into a separate asset class for “real money” investors, says Greenwich Associates.
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Swiss consultancy Allea joins Milliman Global
SWITZERLAND – Employee benefits firm Allea has joined Milliman Global, the consulting network that includes firms such as Fixage in France and Hymans Robertson in the UK.
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HSBC boosts European securities services sales
EUROPE - HSBC Securities Services has hired Dominic Rieb-Smith as a new global business development manager in its European sales team.
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UK milk industry scheme retains Aon Consulting
UK - The £275m (€398m) multi-employer Milk Pension Fund has retained Aon Consulting as actuarial and investment adviser.
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ABN Amro’s Alfred Berg becomes Societas Europaea
SWEDEN – ABN Amro’s Scandinavian investment group Alfred Berg is to simplify its legal structure by creating a so-called European company, or Societas Europaea.
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MEPs vote for new pension scheme
EUROPE – The European Parliament has voted in favour of a new pension scheme for its MEPs in a move that will change the current system that allows disparities in salaries and pension rights.
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Pension outsourcing group sold to private equity
UK - The pension and benefits outsourcing business of Hogg Robinson has been sold to private equity firm Duke Street Capital for an undisclosed sum.
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DeAM names Germany institutional sales head
GERMANY - Deutsche Asset Management has appointed J P Morgan Fleming’s Peter Kerger to head institutional sales in Germany.
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Heissmann to acquire Dutch pension firm Montae
NETHERLANDS - Heissmann Consultants is to buy Dutch pension consulting and law firm Montae Advies for an undisclosed sum.
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KPN pension scheme returns 8.4%
NETHERLANDS - The €3.45bn pension fund of Dutch telecoms firm KPN has posted a return on investments of 8.4% in 2004, the scheme said.
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Dutch schemes face low-yield challenge – IMF
NETHERLANDS – The current low-yield environment poses challenges to Dutch pension funds and insurance firms, according to the International Monetary Fund.
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Sweden’s Telia scheme shifts assets to SRI fund
SWEDEN – The Swedish pension scheme of Nordic telecoms firm TeliaSonera has shifted $140m (€108.7m) of assets into a socially responsible investing screened fund from State Street Global Advisors.
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Six Dutch members’ councils unite
NETHERLANDS - The member councils of six large Dutch pension funds have united in a new national platform, which represents more than 2.5 million employees and pensioners.