All IPE articles in August 2007 (Online) – Page 6
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News
Pioneer's new signing signals moves into Nordic space
[11:11 CEST 21-08] NORDIC – Dublin-based asset manager Pioneer Investments is expanding into the Nordic region and has made a key institutional appointment to head its Swedish office.
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MP Pension generates early positive return
[12:00 CEST 21-08] DENMARK - Gains in equities and property helped MP Pension, the Danish pension fund for psychologists and people with advanced university degrees, offset bond losses and pull its investment return back into the black, the fund’s half-year figures reveal.
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News
State Street silent on EADS custody rumours
GERMANY – State Street is rumoured to have won a multi-billion euro custody mandate from European defence and aerospace firm EADS.
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News
EM pension funds mature earlier - DB
[16:45 CEST 21-08] GLOBAL – Pension funds in emerging markets countries are growing rapidly but are restricted in growth compared with their counterparts in developed markets because they have smaller equity markets, Deutsche Bank has found.
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Most schemes silent on wind-up legislation – Paternoster
[16:51 CEST 21-08] UK – Inadequate governance at the vast majority of UK scheme means their rules do not reflect current legislation for winding up lump sums, suggests pension buyout firm Paternoster.
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Norwegian petrol fund awards six mandates
[17:00 CEST 21-08] NORWAY – Assets in the Norwegian Government Pension Fund – Global have almost reached the NOK2trn (€250bn) mark at end-June leading to the appointment of six new managers.
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News
Balfour challenges Aberdeen with MBO bid
[17:10 CEST 21-08] UK – Aberdeen Asset Management’s reported £7m bid for Glasgow Investment Managers (GIM) has been challenged by a separate buyout proposal from GIM’s management.
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Wednesday people roundup
[12:30 CEST 22-08] GLOBAL – NTGA, PIMCO, Mercer, Funds at Work, Credit Suisse, EDHEC, The Pensions Board, Riverside, Investec, Atlantis, Dimensional.
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Swiss pension fund assets hit CHF500bn in 2005
[15:30 CEST 22-08] SWITZERLAND – Assets held by Swiss pension funds totalled CHF542.6bn (€332.7bn) at the end of 2005, up 12% from the end of 2004 and 30% from the end of 2002, new figures from the Swiss finance ministry show.
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Bramdean’s losses worry auditor
[16:00 CEST 22-08] UK – Nicola Horlick’s Bramdean Asset Management has made a loss of £3.75m in its first 18 months, prompting its auditors to raise doubts about the firm’s stability.
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Northamptonshire forays into overseas equities
[16:15 CEST 22-08] UK – The £1.1bn Northamptonshire County Council pension fund is looking for one or more managers for a new £200m overseas equity portoflio.
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News
Welsh council scouts global equity manager
[16:30 EST 22-08] UK – The Welsh £1.26bn (€1.86bn) Rhondda Cynon Taf local authority pension scheme is scouting global equity investment managers for a £215m mandate.
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News
IASB clarifies IFRIC application
[16:45 CEST 22-08] EUROPE – Market commentators have incorrectly assessed the effects of IFRIC 14 on pension schemes, the International Accounting Standard Board (IASB) said today.
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News
Strong covenant key to cheap buyout - consultants
[16:45 CEST 22-08] UK – Banks like Citigroup or other entities with strong covenants are starting to offer cheap buyout solutions for pension schemes which will "keeps trustees happy", Watson Wyatt has pointed out.
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News
AGI to sell majority stake in German fund administrator
[12:30 CEST 23-08] GERMANY – Allianz Global Investors (AGI) has agreed to sell a 51% stake in fund administration arm Fonds Depotbank to UK securities clearer Xchanging, for an undisclosed sum.
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News
ATP sees lower longevity funding
[14:30 CEST 23-08] DENMARK - Increased life expectancy has prompted Denmark’s largest pension scheme ATP to make a further DKK700m (€94m) in provisions, the fund said in its interim report.
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News
Balfour exits on Aberdeen's GIM win
[15:00 CEST 23-08] UK – Mike Balfour, chief executive officer of Glasgow Investment Managers, will leave the group following its £8.95m (€13.23m) acquisition by Aberdeen Asset Management.
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News
AP2 starts year with strong returns
[15:30 CEST 23-08] SWEDEN – Andra AP-Fonden (AP2) outperformed its benchmark by 70 basis points in the first half of this year.
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News
'Perceived risk' makes EMEA interesting - Fidelity
[16:00 CEST 23-08] GLOBAL – The Emerging Europe, Middle East and Africa (EMEA) investment region is set for a massive growth and currently 'perceived risk' still adds to the discount for stock purchases, Fidelity has suggested.
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News
Bulgarian pension fund assets hit €1bn
[15:30 CEST 23-08] BULGARIA – Assets managed by Bulgarian pension fund asset managers have topped the €1bn threshold for the first time, according to the local financial regulator the Financial Supervision Commission (KFN).
