Asset Managers – Page 235
-
News
Irish reserve fund’s real estate chief departs
IRELAND – Ian Gleeson, head of property at Ireland’s €18.8bn National Pensions Reserve Fund, is to join Morley Fund Management.
-
News
Philips sets up Luxembourg pan-European scheme
LUXEMBOURG – Electronics giant Philips has set up a Luxembourg-based pan-European pension fund in accordance with the IORP directive on occupational pension funds.
-
News
AZL facing court action from Dutch miners
NETHERLANDS – Dutch mineworkers are preparing legal action against pensions provider AZL in a dispute over payouts.
-
News
Managers criticised in German study
GERMANY – Property fund manager Oppenheim Immobilien KAG (OIK), bond specialist Pimco and Axa Investment Managers have elicited the most criticism in a new survey of German institutional investors.
-
News
Ex-ABP chief outlines Axial strategy
NETHERLANDS/UK – Jan Straatman, the former capital markets head at Dutch pension giant ABP, has outlined his investment strategy for new London-based asset manager Axial.
-
News
Credit Suisse loses CEO
EUROPE – Leonhard Fischer, Credit Suisse’s chief executive for Europe, Middle East and Africa is leaving the position just weeks after filling it at the beginning of March.
-
News
Aberdeen wins £7.7bn in five months
UK - Aberdeen Asset Management plc has won new business worth £7.7.bn (€11.3bn) in the five months to the end of the February.
-
News
Watson Wyatt urges managers to co-invest
UK – Co-investment should be one of the strategies adopted by investment managers to align their interests with those of their clients and employees, Watson Wyatt says.
-
News
£9.4bn Strathclyde to reconsider hedge funds and commodities
UK – Strathclyde, the £9.4bn (€13.84bn) local authority fund administered by Glasgow City Council, will consider investing in hedge funds and commodities when the next investment review comes up in 2009.
-
News
IPE-QUEST: Dutch funds seek Canada and Asia managers
NETHERLANDS - A Dutch corporate pension fund is using IPE-QUEST to look for a large cap Canadian equities manager for a $125m (€94m) mandate (QN735).
-
News
West Midlands seeks direct property manager
UK – The West Midlands pension fund is looking for a manager for its £560m (€824.6m) direct UK property portfolio.
-
News
NTMA seeks external transition expertise
IRELAND – The National Treasury Management Agency (NTMA) is setting up a transition manager panel in a move to minimise costs.
-
News
Manager selection no 'beauty parade', warns Watson Wyatt
EUROPE – Pension funds destroy value when selecting and deselecting managers solely based on performance, according to Edouard Stucki, senior investment consultant at Watson Wyatt.
-
News
Weaker UK schemes are ‘more aggressive’ investors
UK – Defined benefit schemes backed by weak sponsoring employers adopt more aggressive investment strategies than the funds with stronger sponsors, according to consultants Lane Clark & Peacock (LCP) Prudence Index study.
-
News
Cypriots leave €2bn in retirement assets at the bank
CYPRUS – Banks are sitting on €2bn of pension fund assets, according to a survey by consultancy, Hewitt’s Cypriot arm.
-
News
Rabobank and Robeco target liquidity funds
NETHERLANDS – Netherlands-based Rabobank International and its investment management subsidiary Robeco have together launched a range of six AAA-rated liquidity mutual funds aimed at pension funds.
-
News
CAMRA picks up bespoke business from PSolve
UK – Asset manager database provider, CAMRA Data Services, has signed up PSolve as the first user of its bespoke service for investment consultancies.
-
News
Schroders to close Stockholm office
SWEDEN – Schroders Investment Management is about to close its Stockholm office for all activity except for property. From June 30 its Nordic activities will be co-ordinated from Copenhagen.
-
News
Aon Consulting sells off SSAS client portfolio
UK – Pensions consultant Barnett Waddingham has acquired Aon’s consulting and trustee services for Small Self Administered Schemes (SSAS).
-
News
Norwegian fund seeks real estate tax advice
NORWAY – The Norwegian finance ministry has issued a tender for a company to draft a report on tax issues relating to investments in real estate and infrastructure in 32 markets outside Norway.
