All IPE articles in August 2002 (Online) – Page 4
-
News
Borgdorff named as successor to Prins at VB
NETHERLANDS- The board of the Dutch Association of Industry-wide Pension funds has appointed Peter Borgdorff as a replacement to previous director Frans Prins.
-
News
November 11th announced as PRSA launch date
IRELAND- Ireland’s Minister for Social and Family Affairs Mary Coughlan has set November 11th as the start up date for Personal Retirement Savings Accounts (PRSA) applications.
-
News
Pena replaces Valbuena as Fonditel chief
SPAIN- Santiago Fernandez Valbuena has stepped down as chief executive of Spain’s largest occupational pension fund Fonditel to take up a post as chief financial officer at Telefonica Group.
-
News
Applicants invited for IPE-sponsored Wharton study
EUROPE/US- IPE is again sponsoring a place for a European marketing or sales professional to attend the forthcoming AIMSE Wharton Investment Institute.
-
News
Mellon enters Japanese pension market with Shinsei
JAPAN- Mellon Financial Corporation and Japan’s Shinsei Bank are joining forces and establishing an investment advisory and trust company to provide investment management services to the Japanese pensions market.
-
News
UK fund gloom continues with 5% first half losses
UK- UK pension funds lost a further 5% in the first six months of the year according to initial estimates from performance measurement consultancy WM Company. The latest figures follow two consecutive years of negative returns, the first time this has happened since the early 1970s.
-
News
S&P hire beefs up multi manager IMS research team
UK- Richard Timberlake’s multi manager outfit Investment Manager Selection (IMS) has appointed Neil Clare from Standard & Poor’s where he was a senior analyst. Clare, who is a specialist on Japan and the Pacific, joins the eight-strong research team which contains many of his old colleagues.
-
News
CalPERS yet to name replacement for departing CEO
US- CalPERS, the US’s largest public pension fund, has yet to appoint a replacement CEO for James Burton who is leaving to become head of the World Gold Council.
-
News
Institutions remain upbeat about equity prospects
UK/US- institutional investors remain upbeat about the prospects for world markets despite lowering their expectations for growth, profits and prices.
-
News
UK funds issue e220m specialist fixed income RFP
UK- The e1,350m superannuation funds of the Welsh county councils Rhonnda, Cynon and Taff are stripping out up to £140m in fixed income from their balanced managers and looking for a fixed income specialist to invest it in global bonds.
-
News
Mercers calls for greater pensions education
UK- Consultant Mercers has criticised the government and employers for failing to invest in educating pension scheme members saying it is one of the biggest problems facing the industry.
-
News
Goldman Sachs puts BT scheme deficit at e9.1bn
UK- British Telecom has refuted estimates that the shortfall in its £27bn (e42bn) pension fund may be as high as a third of its market capitalisation.
-
News
Schroders set to retain e313m Yorkshire mandate
UK- The £1.3bn East Riding of Yorkshire pension fund has drawn up a shortlist of three investment managers to run a £200m (e313m) global active equity mandate. Schroders, the incumbent manager, is rumoured to have been retained to run the funds.
-
News
ATP picks Pimco and Citi to run e203m fixed income
DENMARK- The e34bn Danish Labour Market Supplementary Pension Scheme ATP has appointed Citigroup Asset Management and Pimco to manage a $200m (e203m) emerging market bond portfolio. Each company will be responsible for $100m.
-
News
US schemes vow to punish poor corporate practice
US- A core group of pension funds, led by those from California, New York and North Carolina, have agreed to clamp down on companies that do not abide by good company practice following the corporate scandals of firms such as Tyco, Enron and WorldCom.
-
News
Portuguese funds continue to disappoint
PORTUGAL- Portugal’s pension fund market experienced negative growth in the second quarter, according to results published by consultant Watson Wyatt.
-
News
Nine out of ten UK schemes now in deficit
UK- Poor performing stock markets have pushed the total deficit in UK company schemes under the accounting standard FRS17 to an estimated £70bn, according to Watson Wyatt which estimates that nine out of ten company schemes are now in deficit.
-
News
Managers urge agencies to clarify fund definitions
EUROPE- Eleven of Europe’s largest investment managers have clubbed together and are pressurising three major ratings agencies, Standard & Poor’s, Morningstar and Lipper, to introduce more consistency to the way they categorise funds.
-
News
US funds head for third year of negative returns
US- Volatile markets continue to take their toll on US pensions schemes which are now heading for their third consecutive year of negative returns. Figures from Mercer Investment Consulting show corporate funds losing 5.5.% in the first half of the year while public plans and foundation/endowment funds lost a respective ...
-
News
Standard Life launches new Dollar cash fund
IRELAND- Standard Life Investments has launched a new US dollar money market fund to complement its Dublin-based sterling and Euro-denominated sub funds.
