All IPE articles in August 2006 (Online) – Page 6
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News
CBRE nabs €1.4bn Electricity Supply property brief
REAL ESTATE – The Electricity Supply Pension Scheme has named CBRE Investors to replace F&C Asset Management as manager of its £985 (€1.4bn) core UK property portfolio.
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Clearstream’s custody assets up 8%
GERMANY - Assets under custody at Deutsche Börse Group’s settlement and custody services provider Clearstream have risen 8% to €9.1trn, from €8.4trn in July 2005.
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NIBC plans hiring spree
NETHERLANDS – NIBC, the merchant bank that was formerly owned the two largest Dutch pension funds, has embarked on a hiring spree.
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Fidelity names German pensions sales head
GERMANY – Fidelity’s German arm has recruited Christof Quiring from rival Invesco for the new position of head of pensions sales, effective from October 1.
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Swiss insider trading scandal widens
SWITZERLAND – A sixth pension fund has become embroiled in the alleged insider trading scandal at Swiss bank Swissfirst – the Pensionskasse for the bank itself.
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Capital International chief Armitage retires
UK – Capital International has confirmed the retirement of one of its senior figures, Peter Armitage.
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UK coal scheme role for British Steel’s Debney
UK – LaSalle Investment Management has hired Richard Debney as European director and fund manager for the British Coal Schemes Pension Plan.
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UK cancels new pension disclosure rules
UK – The UK government has decided not to introduce new pensions information disclosure regulations that were due to be introduced in October.
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ABP’s Munsters calls for one share, one vote
NETHERLANDS - Roderick Munsters, chief investment officer of Europe’s largest pension fund Stichting Pensioenfonds ABP, has called for the European Commission to implement a ‘one share, one vote’ system of shareholder ownership.
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Hewitt Associates swings to $202m loss
GLOBAL – Hewitt Associates, the pensions consulting and human resources firm that is replacing its chief executive, made a loss of more than $200m (€157m) in the third quarter.
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Principal names Holt as UK institutional chief
UK - Asset manager Principal Global Investors has appointed Stephen Holt as head of UK institutional sales, the company has announced.
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CAPS pooled update now includes hedge funds
EUROPE - Mellon Analytical Solutions says it will include statistics on pooled fund of hedge funds in its CAPS pooled pension fund survey.
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France’s Kouchner to speak at IPE Awards
FRANCE – Bernard Kouchner, the founder of international aid groups Médecins sans Frontières and Médecins du Monde, has agreed to address the IPE Awards in Paris on November 30.
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Dresdner offers schemes new volatility funds
EUROPE – Dresdner is to launch two equity volatility funds aimed at pension funds and insurance companies next month.
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MLIM nabs Gartmore’s Melvin for strategy role
EUROPE – Sarah Melvin, strategy manager at Gartmore Investment management, has left to join Merrill Lynch Investment Management as director of strategy and business development in Europe, the Middle East and Africa.
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Swiss chief rounds on pension fund “bunglers”
SWITZERLAND – The five Swiss pension funds involved in the Swissfirst insider trading scandal have been dubbed “bunglers” by the president of Switzerland’s Social Security Fund.
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German Spezialfonds take €5bn market hit
GERMANY – The declining bond and equity markets in the second quarter caused the volume of German institutional funds (Spezialfonds) to decline by €5bn to €630bn, according to German fund industry association BVI.
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Schroders posts €6.8bn institutional outflow
UK – Schroders had a net outflow of institutional assets of £4.6bn (€6.8bn) and a decline in asset management profit in the first half.
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Hewitt Associates names new chairman and CEO
GLOBAL – Pensions consulting and human resources firm Hewitt Associates has named Bisys Group’s Russell Fradin to replace Dale Gifford as chairman and chief executive.
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Aegon posts positive E. Europe pension business
NETHERLANDS – Insurance group Aegon reported positive developments in its fledgling Eastern European pensions business in its first-half results today.
