All IPE articles in August 2004 (Online) – Page 3
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News
Ross Goobey out at Hermes Europe arm
UK - Alastair Ross Goobey, chairman of BT Pension Scheme-owned Hermes Focus Asset Management Europe, has stepped down over a perceived conflict of interest.
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Swiss pension funds return 1.8% in H1
SWITZERLAND – Swiss pension funds returned an average 1.8% in the first half of 2004 compared with 9.5% of the whole of 2003 the Swiss pension fund association, ASIP, and Watson Wyatt said.
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Petroleum Fund funds seven new equity mandates
NORWAY – The 942.4 billion-crown (114.1 billion-euro) Petroleum Fund says it has funded seven new equity mandates - and that its second quarter return was –0.15%.
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Morley unveils European property arm
UK - Morley Fund Management is to start an indirect property investment unit in continental Europe to “roll out” its UK property fund management business.
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DeAM names European distribution head
UK - Deutsche Asset Management has appointed Insight Investments’ Mark Connolly to the new position of European head of institutional distribution, a new role.
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London exchange issues governance guide
UK – The London Stock Exchange has published a guide to corporate governance in association with consulting firm RSM Robson Rhodes.
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UK doctors in pension timebomb warning
UK – The UK’doctors’ association has warned that planned higher pensions for consultants could lead to a potential shortage of senior doctors.
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Mellon names UK pooled fund manager
UK - Mellon Global Investments has appointed David Holding to the new role of pooled fund account manager to its institutional pooled fund team.
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Higham hires ex-Law Debenture pension head
UK – Richard Thomas, the former head of Law Debenture's pension fund trustee business, has joined pensions and life insurance services firm Higham Group.
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Swedish equities boost AP1’s returns
SWEDEN – The 16 billion-euro Swedish buffer fund Första AP-fonden returned 5.5% in the first half of 2004 - on par with its strategic index - boosted by a 17% return on Swedish equities.
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Commerzbank reorganises consultant relations
GERMANY - Commerzbank has reallocated responsibilities for consultant relations to give a larger share to its London-based subsidiary, Jupiter Asset Management.
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Benelux private equity market at zero – report
BENELUX – Fundraising in the private equity market in Benelux, valued in billions of euros at its peak a few years ago, saw zero activity in 2003 a new report says.
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Mercer aids London councils’ alternatives move
UK - The pension funds of the London Boroughs of Islington and Brent are considering getting into alternative investments such as real estate, private equities and hedge funds – aided by consulting firm Mercer.
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Pensions accounting debate set to run – JLT
GLOBAL – Imminent agreement in the heated debate over accounting standards for pensions is unlikely, says a top consultant at Jardine Lloyd Thompson.
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Ireland says sensible finances key for pensions
IRELAND – The Irish finance ministry says sensible management of public finances is key for pensions as the country faces up to population ageing.
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Call for cut in German civil service pensions
GERMANY- The head of the employers’ association the BDA, Dieter Hundt, has called for civil servants’ pension privileges, which can be twice as much as other workers’, to be cut.
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Ex-NAPF chief Murray joins EPIC consultancy
UK – Peter Murray, the former chief executive of the Railways Pension Trustee Co Ltd. And chairman of the National Association of Pension Funds, has joined EPIC Investment Consulting.
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Citigroup outlines plans for global property arm
GLOBAL - The new chief executive of Citigroup’s real estate arm has outlined its plans to create a “top tier” global real estate investment management business in an interview with IPE Real Estate.
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News
AP2 working on new strategic portfolio
SWEDEN – Andra AP-fonden, the second Swedish buffer fund, is developing a mathematical model with a view to developing a new strategic portfolio.
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Invesco German economist Kraemer joins HVB
GERMANY- Invesco Asset Management Deutschland’s Joerg Kraemer is to leave the company to join Munich-based HypoVereinsbank.
