All articles by Barbara Ottawa – Page 111
-
News
Taube starts new fund
UK – Veteran fund manager Nils Taube has set up a new company and is trying to lure over clients from his old venture for his first fund.
-
News
FSA to step up commodities monitoring
UK – The Financial Services Authority (FSA) has announced that it will increase its monitoring of the commodity markets in light of the fact that new players like pension funds have entered the market in masses and are in it to stay.
-
News
Derbyshire re-appoints Mercer
UK –The £970m (€1.52bn) Derbyshire County Council Pension Fund has re-appointed Mercer Human Resource Consulting as its actuary.
-
News
Credit Suisse loses CEO
EUROPE – Leonhard Fischer, Credit Suisse’s chief executive for Europe, Middle East and Africa is leaving the position just weeks after filling it at the beginning of March.
-
News
Cypriot system unsustainable - Sarris
CYPRUS – Civil servants will have to contribute to their pension fund in order to prevent a collapse of the system, according to the island’s finance minister.
-
News
ABN Amro Mellon to join BoNY - custody experts
GLOBAL – ABN Amro Mellon customers might become Bank of New York Mellon customers in future, custody experts told IPE.
-
News
Deutsche Bank to cut equities in own pension fund
GLOBAL – Deutsche Bank will halve the equity exposure in all its defined benefit pension plans over the next months.
-
News
Credit Suisse sees strong asset inflow
SWITZERLAND – Credit Suisse’s asset management section saw assets under management rise 13.7% to almost CHF 670bn (€413.5bn) while income was halved.
-
News
First major fund to transfer to UK’s PPF
UK – The MG Rover group pension scheme, with over £400m (€589m) in assets, is the first major scheme to be formally transferred to the Pension Protection Fund (PPF).
-
News
Watson Wyatt urges managers to co-invest
UK – Co-investment should be one of the strategies adopted by investment managers to align their interests with those of their clients and employees, Watson Wyatt says.
-
News
Senior private equity partner quitting ATP
DENMARK – Jens Bisgaard-Frantzen, managing partner at ATP Private Equity Partners is leaving.
-
News
LAPFF to fight BP remuneration packages
UK – The Local Authority Pension Fund Forum (LAPFF) said it will fight for more security performance-linked remuneration packages at British oil giant BP.
-
News
SSGA wins 130/30 mandate from Asda pension fund
UK – The £1bn (€1.5bn) Asda group pension fund has chosen a 130/30 strategy for £165m of its global equity portfolio.
-
News
Iceland adopts IORP directive
ICELAND – With Iceland’s parliament voting in favour of the European pension fund directive (IORP), all members of the European Economic Area (EEA), which are not EU-member states have now put the directive in place.
-
News
CVC denies Austrian ‘locust’ slur
AUSTRIA – Private equity investor CVC Capital Partners has announced that it was not responsible for last week’s 30% rise in the share price of Austrian blue chip steelmaker Böhler-Uddeholm.
-
News
IMF tells Poles to go through with privatisation
POLAND – The International Monetary Fund (IMF) has urged Poland to follow through with scheduled privatisation plans.
-
News
Mercer hires from Watson Wyatt
UK – Mercer Investment Consulting has appointed Reena Thakkar as senior associate with responsibility for advising UK clients.
-
News
PKA goes from passive to enhanced in US equities
DENMARK – Denmark’s largest occupational pension fund administrator, the DKK116bn (€15.6bn) Pensionskassernes Administration (PKA), has awarded a DKK1.85bn US enhanced equity mandate to Intech.
-
News
Greek civil servant fund’s head resigns over bond row
GREECE - The president of the Greek Civil Servants Auxiliary Fund (TEADY), Agapios Simeoforidis, has resigned following bond-overpricing allegations.
-
News
Virtual pooling will not be part of UCITS – for now
EUROPE – The EU’s directorate general on the internal market and services suggests that measures to facilitate virtual pooling not be included in any changes to the UCITS directive at this stage. It called instead for the focus to remain on traditional master-feeder structures.
