Daniel Brooksbank

  • Institutions to exit bonds for stocks - BlackRock CEO
    News

    Institutions to exit bonds for stocks - BlackRock CEO

    2009-01-09T12:53:00

    [15:00 CET 09-01] GLOBAL - Institutional investors are set to exit fixed income and move into equities, reckons BlackRock chief executive Larry Fink.

  • BT fund 'retains stock lending ban'
    News

    BT fund 'retains stock lending ban'

    2009-01-08T15:19:00

    [16:30 CET 08-01] UK - The £39.7bn (€44bn) BT Pension Scheme plans to keep in place a ban on stock lending - despite the lifting of an official ban on the practice, according to reports.

  • Aon fined €5.8m by UK over bribery controls
    News

    Aon fined €5.8m by UK over bribery controls

    2009-01-08T14:57:00

    [16:30 CET 08] UK – Aon Corp., the parent of actuarial and pension consulting firm Aon Consulting, has been fined £5.2m (€5.8m) by the UK’s financial regulator for “failings in its anti-bribery and corruption systems and controls”.

  • News

    Aegon takes control of Romanian pension business

    2009-01-07T15:05:00

    [16:00 CET 07-01] ROMANIA – Dutch pension firm Aegon has taken control of its joint venture pensions business in Romania.

  • M&S says trustees back pension curbs
    News

    M&S says trustees back pension curbs

    2009-01-07T13:02:00

    [16:30 CET 07-01] UK – The trustees of the Marks & Spencer Final Salary Pension Scheme are “very supportive” of the decision announced today to curb benefits for the fund’s 21,000 members, company management says.

  • News

    Equity-biased UK authorities lose out – WM

    2009-01-06T15:29:00

    UK - State Street’s WM pension fund estimates for 2008 have shown that schemes with a bias towards equities such as local authorities will be more affected by the market turmoil than their more bond-heavy corporate cousins.

  • USS expects 15-year recovery from crisis
    News

    USS expects 15-year recovery from crisis

    2009-01-06T15:23:00

    [16:23 CET 06-01] UK – The £26bn (€29.6bn) Universities Superannuation Scheme reckons it could it take up to 15 years to recover from the current financial crisis – and that there’s a “golden opportunity” to restructure its portfolio.

  • News

    Ireland’s NPRF reviews strategy amid bank bailout

    2009-01-05T15:33:00

    IRELAND – The National Pension Reserve Fund has acknowledged it will have to review its investment strategy in the light of a government bailout of the Irish banking sector.

  • News

    LPFA terminates €233m UBS mandate

    2009-01-05T15:08:00

    UK – The £3.7bn (€3.9bn) London Pension Fund Authority has terminated a £219m target return mandate with UBS Global Asset Management because of poor performance and a lack of confidence in the firm.

  • News

    Capital International rethinks strategy

    2008-11-17T15:25:00

    [16:25 CET 17-11] UK - Capital International, the UK arm of reclusive US-based asset manager Capital Group, says it is rethinking its strategy as its traditional defined benefit pension fund business reaches maturity.

  • News

    HSBC asset mgmt executive 'facing murder charge'

    2008-11-17T14:59:00

    [16:00 CET 17-11] UK - Neil Ellerbeck, chief investment officer for liquidity at HSBC Asset Management, was due in court today accused of murdering his wife, according to press reports.

  • News

    Air France pilots strike over pensions

    2008-11-14T15:42:00

    [16:45 CET 14-11] FRANCE - Air France pilots began a four-day strike today in a dispute over proposed increases in their retirement age and the reform of their pension fund, the CNPR.

  • News

    Hewitt foresees "difficult environment" in 2009

    2008-11-14T15:19:00

    [15:00 CET 14-11] GLOBAL - Pension consulting firm Hewitt Associates says it foresees a "difficult environment" in the next fiscal year, despite swinging to a profit in the fourth-quarter from a loss a year before.

  • News

    Morgan Stanley cuts 9% of asset mgmt jobs

    2008-11-13T14:17:00

    [15:30 CET 13-11] GLOBAL – US banking giant Morgan Stanley says it plans to cut 9% of jobs in its loss-making asset management division.

  • Number of IORP schemes grows to 70
    News

    Number of IORP schemes grows to 70

    2008-11-12T15:04:00

    [16:30 CET 12-11] EUROPE – The number of cross-border pension schemes operating under the European pension fund directive has risen to 70, says the Committee of European Insurance and Pension Supervisors in its latest survey of market development.

  • British Coal scheme seeking investment head
    News

    British Coal scheme seeking investment head

    2008-11-12T14:31:00

    [16:30 CET 12-11] UK - The £10.9bn (€13.2bn) British Coal Staff Superannuation Scheme is looking for a new chairman of its investment sub-committee to replace former Watson Wyatt partner Nick Watts, who has left “by mutual consent”.

  • Obama good for pension funds, says Hermes
    News

    Obama good for pension funds, says Hermes

    2008-11-11T15:07:00

    [16:20 CET 11-11] GLOBAL – Incoming US President Barack Obama should be good for pension funds because he will seek more “accountable capitalism”, the head of Hermes’ corporate governance arm reckons.

  • News

    Julius Baer investment chief departs

    2008-11-11T11:13:00

    [12:20 CET 11-11] SWITZERLAND - Beat Wittmann, chief executive of investment products at Swiss private banking group Bank Julius Baer & Co. Ltd., is to depart after less than a year in the job amid a major rethink of strategy.

  • News

    State Street eyes European custody expansion

    2008-11-10T16:15:00

    [16:00 CET 10-11] EUROPE – Asset servicing bank State Street has indicated it is “looking at opportunities” to expand its European global custody business, benefiting from the fallout of the banking crisis.

  • News

    PGGM has majority stake in volatility hedge fund

    2007-04-24T16:08:59

    NETHERLANDS – The €83bn Dutch pension fund PGGM, one of Europe’s largest schemes, has an almost 63% stake in the Maple Leaf Macro Volatility Fund.

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