Asset Managers – Page 301
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News
Dutch schemes face government overhaul
NETHERLANDS - The Dutch Ministry of Social Affairs has proposed overhauling the Dutch industry pension funds along the lines of the models used – and now seemingly discarded - by corporate schemes such as Philips.
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UK fund proposals adopt pension model
UK – New proposals on the governance of collective investment schemes – put together in the wake of the US market timing scandal - have been modelled on some elements of the existing pension disclosure code.
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News
IPE strengthens Netherlands coverage
NETHERLANDS – Investment & Pensions Europe, the leading magazine for European institutional investors, has strengthened its coverage of the Dutch market with the appointment of Danielle Rossingh as Dutch Editor.
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News
USS, PGGM group outline broker evaluation
EUROPE - A group of buy-side institutions that includes two of Europe's largest pension schemes, USS and PGGM, has outlined the criteria they will use to evaluate the performance of brokers.
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News
ING asset management profits rise 40%
EUROPE – ING says its operating profits from asset management rose 40.3% in the first nine months of 2004 - driven by the institutional asset management business.
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News
CSAM posts lower Q3 revenues and inflows
SWITZERLAND – Credit Suisse Asset Management has posted lower revenues and new asset inflows in the third quarter.
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SSGA names Europe balanced head
FRANCE – State Street Global Advisors has appointed Frederic Dodard to the new role of head of balanced portfolio management for Europe.
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News
Finland “clouded” by ageing – report
FINLAND – Finland’s long-term outlook is not only “clouded” by the imminent ageing of the population – but the pension reform set to come in next year is insufficient, says a new report.
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News
Call for “predictable” Swiss pension rate
SWITZERLAND - Swiss pension funds should see their real coverage ratio as 10-15% lower than their technical estimate, a consultant has warned – calling for a “predictable minimum interest rate policy”.
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News
AP3 warns on costs of Swedish governance code
SWEDEN – Tredje AP-fonden, the 16.6 billion-euro Third Swedish National Pension Fund, has said Sweden’s proposed new corporate governance code may lead to higher costs.
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News
German institutional funds up 3.6%, BVI says
GERMANY - Despite lacklustre financial markets, the volume of German institutional funds, or Spezialfonds, saw an increase of 3.6% in the first nine months of this year, statistics from German fund industry association BVI show.
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News
UBS asset management profit slips 20%
GLOBAL – Pre-tax profit at UBS Global Asset Management has slipped almost 20% in the third quarter despite three billion Swiss francs (1.9 billion euros) of new institutional business.
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News
Deloitte unveils pension pooling for multinationals
EUROPE - Professional services firm Deloitte has launched a pension pooling offering and said it is working with consumer products group Unilever on implementing pooling in practice.
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News
Germany: Universal adds E5bn institutional AUM
GERMANY - Universal Investment, a German provider of institutional funds, or Spezialfonds, said net inflows to the funds totalled 5.4 billion euros in the first nine months of this year – the highest of any provider based on statistics from German fund industry association BVI.
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News
Deutsche asset strategy queried amid AUM slump
GERMANY – Deutsche Bank’s asset management strategy has come under scrutiny in the wake of disclosures that its institutional fund arm DeAM lost 13 billion euros in assets in the third quarter.
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Features
Is passive passé?
Passive investment in equities is often seen as synonymous with indexation, a ‘low risk’ approach to investment that also has the advantage of low fees. However, a little knowledge can be a dangerous thing and nowhere is this morew true than in the world of investment. During the TMT boom, ...
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News
USS, PGGM in broker research initiative
EUROPE - Two of Europe's largest pension funds, the UK's USS and the Netherlands' PGGM are among the founding members of an initiative to challenge sell-side research.
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News
Deutsche chief signals possible asset job cull
GERMANY - Rolf Breuer, chairman of Deutsche Bank’s supervisory board, has signalled further job cuts the bank – possibly in its investment banking and asset management businesses – as it scrambles to meet profit targets.
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News
Lothian scheme looking for consultants
UK - The two billion-pound (2.87 billion-euro) Lothian Pension Fund is looking for two consultants for asset liability studies and strategic advice.
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News
UK’s protection fund seeks investment head
UK – The Pension Protection Fund has advertised for a director of investment and finance to oversee its assets and resources.
