All articles by Cecilia Valente – Page 10
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News
Three Danish schemes plan €5bn merger
DENMARK – The defined contribution pension schemes B&A Pension, HTS Pension and PKS - which cover nearly half a million workers - are to merge in a single entity worth DKK42bn (€5.7bn).
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News
Credit Suisse defeats pension funds at AGM
SWITZERLAND – A corporate governance motion brought by a group representing Swiss pension funds has been defeated at Credit Suisse Group’s annual general meeting.
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Features
Between a rock and a hard place
In ancient Greece, people who wanted to have their future forecast travelled to Apollo’s temple in Delphi, where the dangerous journey was generally rewarded with an answer, albeit ambiguous. Nobody questioned the answers, because they were supposed to come from Apollo himself. But pilgrims who tenaciously interpreted the god’s messages ...
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News
ABN Amro Mellon to open Luxembourg office
LUXEMBOURG - ABN Amro Mellon Global Securities Services is to open an office in Luxemburg by the end of the second quarter of 2005, says chief executive Nadine Chakar.
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News
Swiss public employees oppose pension cuts
SWITZERLAND - The Swiss public sector employees’ union body VGB has launched a petition to stop parliament implementing pension and job cuts aimed at saving up to CHF2bn (€1.29bn) by 2008
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News
Essex hires Martin Currie for equities
UK – The Essex County Council Pension Fund has awarded a £45m (€66.5m) active equity mandate to Martin Currie Investment Management.
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News
Italy still eyes reform amid political crisis
ITALY – The Italian government appears to want to bring forward the implementation of pension reform despite the current political crisis.
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News
Netherlands: Interpolis to merge with Achmea
NETHERLANDS – Rabobank’s insurance subsidiary Interpolis is to merge with Eureko’s insurance group Achmea in a deal that builds on an existing agreement between the two firms.
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News
Hedge funds ‘should be part of core portfolio’
SWITZERLAND - Hedge fund investments should be part of the core as well as satellite portfolio – according to a professor at the Edhec French business school.
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News
Greece sees pensions at 25% of GDP by 2050
GREECE – The governor of the Greek central bank, Nicholas Garganas, has warned that Greece is set to pay 25% of its GDP in pensions by 2050, given the low retirement age, high unemployment and falling birth rates.
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News
BGI says it has two-thirds of bond ETF market
GLOBAL – Barclays Global Investors says its exchange traded funds, iShares, have around two thirds of the $9bn (€6.9bn) fixed income ETF market.
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News
Switzerland's Ticino mulls strategy change
SWITZERLAND - The CHF2.68bn (€1.73bn) pension fund for the public employees of the Ticino canton is set to change its investment strategy after seeing its solvency ratio fall below 70% in 2004.
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News
UK’s Merseyside ousts Bank of NY
UK - State Street Corp. says it has been awarded a securities services mandate by the $6.0bn (€4.6bn) Merseyside Pension Fund - ousting incumbent Bank of New York.
