All IPE articles in August 2007 (Online) – Page 6
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News
DWS keeps ABS fund open as US sub-prime crisis ebbs
[16:00 CEST 13-08] EUROPE – Deutsche Bank’s DWS has bucked the trend and kept an asset-backed securities (ABS) fund open as shockwaves from the US sub-prime loan crisis began to die down in Europe on Monday and central bank intervention soothed financial market woes.
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Czech pension funds see profits soar
[16:45 CEST 10-08] CZECH REPUBLIC – Pension funds increased their combined profit to CZK2.63bn (€93m) for the first half of 2007, from CZK1.69bn a year ago.
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Belfast Assembly seeks fund manager
[16:30 CEST 10-08] UK – The Northern Ireland Assembly Members’ Pension Scheme (AMPS) is looking for a fund manager to take on the scheme’s assets.
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Bulgarian pension fund assets rise 22%
[15:30 CEST 10-08] BULGARIA – Retirement savings in second and third pillar pension plans for over 3.2 million Bulgarians have now reached BGN1.85bn (€946m).
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HBoS boasts pension fund support
[16:15 CEST 10-08] UK – UK banking giant Halifax Bank of Scotland (HBoS) says it has contributed £1.15bn to its £5.7bn pension scheme since 2005, making this the second-largest UK employer contribution last year.
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Fixed PPF levy 'problematic for some' - Aon
[16:00 CEST 10-08] UK – Companies and pension schemes could lose out financially should the levy for the Pension Protection Fund (PPF) be set for more than one year, Aon Consulting has suggested.
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News
Old Mutual sees 11% aum rise
[15:30 CEST 10-08] GLOBAL – London-based asset manager Old Mutual increased its assets under management by £26bn (€38.4bn) in the first half of this year.
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BAE Systems reduces pension deficit to £1.9bn
[15:15 CEST 10-08] UK – The pension fund of aerospace group BAE Systems saw the deficit in its UK defined benefit pension plans reduce from almost £3bn (€4.4bn) at the end of last year to £1.9bn at the end of June.
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News
NIBC drops IPO plans
[15:30 CEST 09-08] NETHERLANDS – Dutch merchant bank NIBC has seen profits evaporate because of massive losses on asset-backed securities related to the US subprime mortgage market, despite nearly doubling its institutional assets under management earlier this year.
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News
Germany shows support for deferred compensation scheme
[16:00 CEST 09-08] GERMANY – The government has approved a draft law to extend a social tax exemption for deferred compensation schemes beyond 2008.
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News
Schroders loses £4.1bn in institutional money
[15:00 CEST 09-08] UK – In the first half of this year Schroders managed to stem a £9.8bn (€14.5bn) outflow in institutional funds under management with a £5.7bn inflow.
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Swiss energy fund posts record 2006 return
[14:30 CEST 09-08] SWITZERLAND – Pensionskasse Energie (PKE), a CHF8.5bn (€5.1bn) pension fund for the energy sector, has reported a return on its assets of 9.7% for 2006 – well above the 6.9% industry average and the highest so far on record.
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News
State Street steps up private equity servicing
[14:00 CEST 09-08] GLOBAL – State Street has bought the New Jersey private equity specialist Palmeri Fund Administrators (PFA), for an undisclosed sum.
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News
Luxembourg's FDC appoints actuary
[13:00 CEST 09-08] LUXEMBOURG – The €5bn Fonds de Compensation commun au regime general de pension (FDC) has chosen Ernst & Young as its actuary.
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News
IPE-QUEST: $50m UK equity mandate
[12:30 CEST 09-08] EUROPE – A European multi-manager is tendering a $50m (€36.3m) UK large-cap mandate using IPE-Quest.
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News
Pension protection levy to be set for three years
[16:55 CEST 08-08] UK – The Pension Protection Fund (PPF) has released a consultation questioning whether the levy pension schemes pay should be fixed for three years.
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News
Real estate boosts ING's assets
[16:50 CEST 08-08] GLOBAL – Dutch banking group ING saw the assets under management in its real estate division increase by 37% to €74.7bn over the last year.
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News
European investors sought money safety in Q1
[15:50 CEST 08-08] GLOBAL – Assets held by investment funds grew to over €17trn in the first quarter of this year but figures presented by European trade association EFAMA suggest European investors may have played safe when shifting assets from equities in the March downturn.
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News
S&P takes indexing to a new frontier
[16:30 CEST 08-08] GLOBAL – Standard & Poor’s, the ratings agency, is attempting to plug a gap in the extreme emerging markets index space with the launch of a benchmark covering “frontier market” companies based in countries such as Zimbabwe and Kazakhstan.
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News
DWS/DeAM outclasses arch-rival AGI’s inflows
15:00 CEST 08-08] GERMANY – Deutsche Bank’s DWS/DeAM took in three times more assets in Germany than Allianz Global Investors (AGI) during the first half of this year, according to statistics.
