All IPE articles in August 2003 (Online) – Page 2
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Gartmore taps J P Morgan for custody
UK – Gartmore Group has appointed J P Morgan Investor Services as global custodian for the Gartmore Funds’ 16 billion dollars (14 billion euros) in assets.
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Netherlands’ SCGOP to hold governance symposium
NETHERLANDS – The Dutch corporate governance foundation SCGOP is to hold a symposium on corporate governance later this month.
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European commercial property “slowing down”
EUROPE – Commercial property investment in Europe is slowing down and will be about 10% less than in 2002, according to Jones Lang LaSalle.
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Public pension governance “hindered” - study
GLOBAL – Public pension governance is being hindered by not being able to benefit from the lessons learned in the private sector, according to a new study by the World Bank.
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Polish parliament approves pension reform
POLAND – In the face of a mixed response from the industry, the Polish parliament has approved a package of reforms that includes capping fees.
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Schroders’ institutional sales head joins PIMCO
UK – PIMCO has hired Paul Craven, the former head of UK institutional sales at Schroders.
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Bank of Ireland AM wins E922m in new mandates
IRELAND – Bank of Ireland Asset Management UK has announced it has won equity mandates in excess of 650 million pounds (922 billion euros) so far this year.
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Top UK companies’ pension deficit “doubles”
UK – The combined pension deficit of the UK’s top companies has more than doubled, to 55 billion pounds (78 billion euros), says actuaries Lane Clark & Peacock.
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MLIM loses UK equity manager Thompson
UK – Merrill Lynch Investment Managers has lost three of its UK equity specialist team including UK equity manager, Steve Thompson.
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Aon’s consulting profit falls 9%
US – Profit at Aon’s consulting business declined by nine percent in the second quarter, due to more “lower margin” contracts.
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Unilever turns tables on institutional investors
UK/NETHERLANDS – Institutional investors who fail to vote at annual meetings could face a grilling by companies if Unilever’s example sets a precedent.
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Mercer Oliver Wyman targets Nordic growth
SWEDEN – Mercer’s risk management consultancy arm, Mercer Oliver Wyman, is targeting growth in the Nordic region with the opening of an office in Stockholm.
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Jones Lang LaSalle Europe chief to retire
EUROPE – The European chairman of property firm Jones Lang LaSalle, Robin Broadhurst, is to retire following a decline in revenues in the region.
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Pickering advises against personal pensions
EUROPE – The chairman of the European Federation for Retirement Provision, Alan Pickering, says he would not advise a young person in the UK to put money into a personal pension.
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WM chief gets expanded role at State Street
UK – State Street has appointed the head of its performance-measuring arm WM Co., Peter Adams, as the London head of its UK pensions servicing team.
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UK employers wary of pension protection fund
UK – The Confederation of British Industry has warned the government that the proposed pensions protection fund will accelerate the move away from defined benefit schemes, and is proposing that members contribute towards protection
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SSGA eyes pension funds with active gilt strategy
UK – State Street Global Advisors has launched an active gilt, or UK government bond, strategy aimed at UK pension funds.
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Irish managed funds return over 2% in July
IRELAND – The average group pension managed fund in Ireland rose by more than two percent in July, according to new data.
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Siemens continues to cut pension shortfall
GERMANY – Industrial group Siemens has continued to reduce the shortfall to its 14.9 billion-euro pension fund, and has increased its allocation to equities.
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ABN Amro’s asset mgmt profit falls 15%
NETHERLANDS – Net profit at ABN Amro’s asset management division fell 15.2% in the first half, hit by weak conditions in the global market.
