Asset Allocation – Page 273
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Features
Holistic benefit approach at GSK
In January last year multinational corporations Glaxo Wellcome and SmithKline Beecham announced merger plans to create a global leader research-based pharmaceutical and research company. Last December, after months of negotiations and integration plans between the two companies, the merger was completed and the new organisation began trading under the name ...
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Features
What Euronext means for local brokers
Napoléon once said, “France needs me more than I need her”. Looking at the performance figures of Euronext and the Paris Bourse for 2000, one is left to wonder who needs whom the most. The statistics announced show, as was suspected all along, that Paris is the engine driving Euronext, ...
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Features
Calpers looks for investment talent
The giant Dutch scheme ABP is not the first large pension fund to encourage innovative asset management firms and invest in them. Another very well known fund, actually the largest in the world, the $170bn (e187bn) Calpers (California Public Employees’ Retirement System), took this decision in early 1999. The main ...
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Features
Pension reform can't wait
Now is the time to tackle pension reform, European industrialist Carlo de Benedetti told those attending the ‘Defusing Europe’s pensions timebomb’ conference organised by the Friends of Europe body in Brussels last month. “Unemployment in European countries is today mostly a supply problem rather than a demand one. In the ...
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Features
Pensions that follow the members
They haven’t stopped running at the Novartis pension fund in Basle since the merger of the two chemical companies Sandoz and Ciba Geigy in 1995. Not only was there the merger of the two funds into one, but a string of divestitures of non-core businesses has continued, as part of ...
