All IPE articles in August 2001 (Online) – Page 5
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News
UK based fund manager wins $200m Ohio PERS brief
UK/US – The UK fund management arm of Australia’s Colonial First State Investments has been selected by the tenth largest public pension fund in the US, the $57bn (e63bn) Ohio Public Employees Retirement System (Ohio PERS), to manage a new $200m global emerging markets portfolio.....
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Fund managers bullish on global economic outlook
EUROPE/GLOBAL – Fund managers are becoming increasingly bullish about the prospects for the global economy, but would like to see an easing of European monetary policy, according to the latest Merrill Lynch Fund Manager Survey, released today (Aug 14)....
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Climate change is risk management worry, says USS
UK/GLOBAL – Climate change is becoming a major risk management challenge for institutional investors, suggests a discussion report commissioned by the London Investment Office and the Universities Superannuation Scheme into the implications for long term investors, in particular pension funds, of corporate performance on social, environmental, ethical and governance issues.....
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Northern Trust in German joint venture push
GERMANY – Northern Trust Global Investments Europe (NTGI) and Frankfurt based Landesbank Hessen-Thüringen (Helaba), have set up a joint venture company Helaba NorthernTrust, to offer institutional investment management services to the German market....
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Punter Southall takes on HSBC banker as Principal
UK – Actuarial consultant Punter Southall has brought in John Howard-Smith, a former senior director at HSBC Investment Management to become a principal in the firm’s London office....
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Clearnet to start cash clearing hub in November
NETHERLANDS/BELGIUM/FRANCE – Clearnet, the European clearing house, has announced that the implementation of its new clearing platform for cash, C21, will be completed on November 16.....
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FTSE buys out Barings share of index service
UK – FTSE has acquired ING Barings’ half share of Global-Pro, the global customised index service, and will also take over Barings’ Emerging Markets Indices (BEMI) by the end of the year....
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Scudder takes on Sungard IT retirement package
US – Sungard Corbel, part of IT solutions firm Sungard, has developed a customised version of its Relius Documents Internet software for Scudder Retirement Services (SRS), a division of Zurich Scudder Investments.....
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Sanghvi joins Attica to oversee Europe operations
UK/EUROPE - Bina Sanghvi will join Attica Asset Management as a director with responsibility for finance and compliance and for overseeing the firm’s fund structures and European operations from September 3....
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UK schemes are increasingly underfunded, says B&W
UK – Increasing numbers of the UK’s largest pension funds are finding themselves under-funded, according to the latest annual study of company accounts to be published next week by consultant Bacon & Woodrow.....
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Russell names new client services director
UK – Frank Russell in London has appointed Philippa Drury as director of client services for its institutional investment services team.
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Dresdner poaches new global equities head
UK – Dresdner RCM Global Investors has lured Lucy Watson away from Baring Asset Management to become director and head of global equities in London....
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MFR is adding to pensions underfunding problem
UK – The pensions underfunding problem highlighted in a Bacon & Woodrow report this week are being compounded by the minimum funding requirement (MFR), according to employee benefits firm, Jardine Lloyd Thompson (JLT)....
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Irish e6bn RFP receives 600 replies from managers
IRELAND – The Irish National Treasury Management Agency, the investment management supervisory body for the country’s e7bn National Pensions Reserve Fund, says it has received around 600 expressions of interest for the huge raft of mandates totalling e6bn in assets that it put out to tender last month.....
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DJ sets Sept 14 date to extend Industrial Average
US/EUROPE – Dow Jones Indexes will extend the real time calculation of the Dow Jones Industrial Average (DJIA) to 13 hours a day on September 14, in order that it begins at the start of the European trading day....
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DC scheme members in for a shortfall shock
Members of defined contribution (DC) pension plans could face a shock over the level of their benefits on retirement - receiving less than half their expected amount in some cases, as a result of falling investment returns, lower annuity rates and increased life expectancy....
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Henderson and Merrill good for Environment Agency
UK – The UK Environment Agency has dropped Schroder Investment Management from a £430m mandate and in its place hired Henderson Global Investors to manage a £330m balanced mandate and boosted an existing Merrill Lynch brief by a further £100m...
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Standard & Poors extends European fund ratings
EUROPE – Ratings agency Standard & Poor's has assigned two new ratings to funds run by Fortis Investment Management and reconfirmed three ratings of funds from CDC IXIS Asset Management, as part of an expanded European fund rating programme.
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BGI wins Aon cash mandate
UK – Barclays Global Investors (BGI) is to manage a new cash fund for Aon International Risk Management Group (AIRMG), the captive management arm of Aon Corporation....
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Competition will drive stakeholder fees below 1%
UK – Fierce competition in the UK’s new stakeholder pension scheme market will drive the controversial one per cent fee even lower, says employee benefits consultancy, Gissings.....
