All articles by Barbara Ottawa – Page 121
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News
Norway Global fund excludes cluster bomb maker
NORWAY – The NOK1.7trn (€209bn) Norwegian Government Pension Fund – Global has excluded the South Korean Poongsan Corporation from its investment portfolio for producing cluster bombs.
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News
Scottish MPs want to curb tobacco investment
UK – A group of members of the Scottish parliament want to stop their pension fund investing in tobacco companies.
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News
Societe Generale under review at Kent CC
UK – The £2.4bn (€3.6bn) Kent County Council Superannuation Scheme is tendering a £350m UK equities mandate currently held by Societe Generale Asset Management.
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News
North Yorkshire tenders for financial advisor
UK – The £1.2bn (€1.8bn) North Yorkshire County Council pension fund is looking for an independent financial advisor as current advisor Philip Williams’ contract is running out.
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News
Barings wins €126m Mitsui Babcock brief
UK – The energy company Mitsui Babcock Ltd. has awarded Baring Asset Management an £86m (€126m) segregated multi-asset diversified growth mandate.
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News
Allianz unveils pan-European pension product
EUROPE – The German insurance company Allianz has revealed details of its pan-European pension product “European CompPension”.
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News
Chelsea & Kensington invest in private equity
UK – The £379m (€561m) Royal Borough of Kensington and Chelsea pension fund has started investments into private equity.
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Features
DC risks are ‘better understood’
The challenges and problems of defined contribution (DC) schemes were among the points discussed at the Global Forum on Private Pensions organised by the OECD in conjunction with the International Organisation of Pension Supervisors (IOPS) at a conference in Istanbul. “The herd trend from traditional defined benefit (DB) to pure ...
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Features
To fund or not to fund?
From 2009 a new statute will bring with it a joint pension scheme for all members of the European parliament. Against the wishes of the members it will be non-contributory and maybe unfunded, Barbara Ottawa reports
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News
IPE AWARDS: Build stronger portfolios, schemes told
EUROPE - Pension funds should build stronger portfolios to brace themselves for worst-case scenarios rather than just researching them, the annual IPE Awards Seminar in Paris was told today.
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News
Aberdeen goes to Luxembourg
EUROPE – Aberdeen Asset Managers is opening an institutional business development and client servicing office in Luxembourg.
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News
Hewitt nabs Robeco’s du Penhoat for France (amended)
FRANCE – Nicolas du Penhoat will be the head of Hewitt Associates' investment consulting for France.
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News
Barclays Global Investors’ Europe CEO to leave
GLOBAL – Nigel Williams, chief executive of Europe and Asia (excluding Japan) at Barclays Global Investors, is to retire in mid-2007 and be replaced by David Semaya.
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News
Unilever sets up pension hedge fund vehicle
GLOBAL – Unilever’s pension funds in 42 countries will soon be able to invest into funds of hedge funds via a vehicle created by Unilever Investments (Univest).
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News
Swedish blue-collar workers want white-collar pensions
SWEDEN – With the new collective DC scheme for Swedish white-collar workers set to come into effect in January, blue-collar workers are looking to get back to the negotiating table to get the same deal.
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News
Schroders, BBC keep mum on mandate report
UK – Both the BBC and Schroders have declined to comment on a newspaper report that the broadcaster has axed the asset manager from running a pension fund mandate.
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News
Bank of NY looking for European pensions head
EUROPE – The Bank of New York is looking to appointment someone to be responsible for its entire European pensions business, managing director Robert Darmanin said today.
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News
PWC names global investment management head
GLOBAL – PricewaterhouseCoopers has named Marc Saluzzi as the new global head of its investment management and real estate group.
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News
Pension funds behind venture capital boom – EVCA
EUROPE – Pension funds provided 43% of a considerable increase in venture capital fundraising last year, according to a new report by the European Private Equity & Venture Capital Association (EVCA).
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News
Private sector to deliver NPSS – Hutton
UK – The new personal accounts (NPSS) to be outlined in next week’s Pension Bill will be delivered by the private sector, says pensions secretary John Hutton.
