All articles by Cecilia Valente – Page 47
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Northern Trust hires Threadneedle’s Winkle
UK - Asset manager Northern Trust Global Investments has appointed a product manager from Threadneedle Investments to expand its quantitative management solutions.
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Mefop puts occupational take-up at under 9%
ITALY – According to new data from pension association Mefop, the take-up rate of workers eligible to access the Italian second pillar is just under nine percent – with the largest fund worth 1.65 billion euros.
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Scottish MPs’ fund seeks expressions of interest
UK – The seven million-pound (10.3 million-euro) Scottish Parliament Pension Fund says it is “seeking expressions of interest” from asset managers to award a balanced mandate.
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Air workers fund Prevaer tenders balanced briefs
ITALY - Airport workers’ industry-wide pension scheme Prevaer has tendered three balanced mandates worth around an expected six million euros each.
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SSGA wins E542m Philips passive mandate
UK – The three billion-euro Philips UK Pension Fund has awarded State Street Global Advisors a passive equity mandate worth 370 million pounds (542 million euros).
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UK firms fail to tell staff about pensions
UK – More than half of employers fail to keep their employees posted on their pension arrangements, according to a new survey.
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Covip satisfied with new regulatory proposals
ITALY – Pension regulator Covip has expressed satisfaction with the government’s new plan to set up an authority for the protection of savers and investors that, contrary to previous hints, will not see Covip submerged.
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Dutch pension fund tenders E20m via IPE-Quest
NETHERLANDS – A Dutch pension fund has tendered two mandates for pan-European small-cap equities and global high-yield fixed income, worth 10 million euros each, via IPE-Quest.
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Swiss 2nd-pillar could get 8% membership boost
SWITZERLAND - The Swiss second-pillar occupational pension system could see its membership rise by up to eight per cent following a decision to lower the eligibility threshold, an official said.
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Finnish pension assets rise to E78.6bn - TELA
FINLAND – Total Finnish pension assets, which includes pension funds, insurance companies and pension foundations, have risen to a total 78.6 billion euros at the end of 2003, from 70.9 billion euros at the end of 2002, the Finnish Pension Alliance, TELA, said.
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Henderson, UBS under scrutiny as Warwick revamps
UK - Warwickshire County Council‘s 660 million-pound (966 million-euro) pension scheme is restructuring - looking for new asset managers and a single global custodian.
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Yorkshire Copper awards E46.8m to SEI
UK - SEI says it has won a 32 million-pounds (46.8 million-euro) global equity mandate from Yorkshire Copper Tube.
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Fonchim re-tenders after “insufficient” response
ITALY- The 800 million-euro Italian pension scheme for chemical workers, Fonchim, has re-tendered five mandates.
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CDC says French SRI market grows to E4.4bn
FRANCE – A subsidiary of CDC has found that total assets in the French SRI market have risen to 4.4 billion euros – partly boosted by a 550 million-euro switch into SRI by BNP Paribas Asset Management.
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Covip chief says industry-wide funds rise 5%
ITALY - Italian industry-wide pension funds rose five percent in 2003, Covip president Lucio Francario said in testimony to parliament yesterday.
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Top German companies call for action on pensions
GERMANY – An association of leading German companies has called on the Schroeder government to take “more decisive” steps on corporate pensions.
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Netherlands: Hermes hires ex-SPF CEO de Koning
NETHERLANDS - London-based pension fund manager Hermes has hired former Dutch railway pension fund executive Peter de Koning.
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Bank of Italy enters regulation debate
ITALY – The Italian central bank, citing the US SEC, says market regulator Consob should be given greater powers.
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Austrian association sees light at end of tunnel
AUSTRIA – Austrian pension fund assets rose by 7.7% in 2003, rising to 97 billion euros from 90 billion euros, according to the Austrian Investment Association.
