Asset Allocation – Page 276
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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 ...
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Features
Storming the French market
The big thing to hit the French institutional asset management market over the past year is multi-management. Michel Piermay, chief executive of Paris-based consultancy firm Fixage, says that the major financial institutions involved in asset management have recently created multi-management subsidiaries. “All big banks and insurance companies want to be ...
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Features
Poland and Hungary test investors' nerves
Alongside the economic reforms that the Polish government introduced last year were a whole raft of pension reforms aimed at overhauling the system by 2004. So far the government’s plans seem to be on track, and the asset management industry is playing a major role in moving things along. Although ...
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Features
Newex poser for local markets
The launch of the Newex in November last year was heralded as a sign of further of the consolidation of exchanges across Europe. The declared aim of Newex is to “develop a new market, by setting up an exchange with the recognised standards of a regulated European market designed for ...
