All articles by Daniel Brooksbank – Page 108
-
News
Ireland’s Hibernian names new life & pensions MD
IRELAND – Hibernian has named group finance director Tony O’Riordan as managing director of its Life & Pensions arm.
-
News
Martin Currie funds professorship with E356,000
UK – Asset management firm Martin Currie Investment Management has funded a university professorship with a total of 250,000 pounds (356,700 euros).
-
News
PFA Pension sells Luxembourg arm to Kaupthing
LUXEMBOURG – Denmark’s PFA Pension has sold its Luxembourg arm to Icelandic group Kaupthing for an undisclosed sum.
-
News
CEIOPS sees pension schemes under Solvency II
EUROPE – The European Commission’s so-called Solvency II project on insurance solvency is likely to extend to occupational pension schemes, the chairman of an EU insurance and pension committee has said.
-
News
Iceland funds exit fixed income – supervisor
ICELAND – Pension funds in Iceland have cut their allocation to fixed income to 44% from 69% six years ago, the Financial Supervisory Authority says.
-
News
Doubts over European long-only equity - survey
EUROPE - European institutions including pension funds have expressed doubt about asset managers’ long-only equity returns in the future, according to a new survey organised by alternative investment groups.
-
News
State Street downgraded by Fitch
GLOBAL - State Street Corp. has been downgraded by rating agency Fitch, which cited the volatility of the company’s business mix and the challenges of business expansion.
-
News
ATP's private equity arm sees strong deal flow
DENMARK - ATP Private Equity Partners, a subsidiary of the 27 billion-euro statutory pension provision fund ATP, has made three senior appointments to expand its "bandwidth" in response to a strong deal flow.
-
News
Kosovo Pension Savings Trust tenders for auditor
KOSOVO – The Kosovo Pension Savings Trust (KPST) has tendered for an independent auditor.
-
News
UK schemes buying index-linked for liabilities
UK – The Debt Management Office says it’s a “fair assumption” that UK pension funds were among the buyers at today’s auction of index-linked government bonds.
-
News
Belgium told to end “perverse” early retirement
BELGIUM – Belgium’s early retirement schemes should be phased out as they create “perverse” incentives that have a significant cost to society, a new report says.
-
News
UK schemes face equities “dilemma” – Schroders
UK – Pension schemes are facing a dilemma about whether to stay in equities in current subdued markets, and are letting asset managers be more free in the search for returns, asset manager Schroders says.
-
News
Information ratios “have little predictive value”
EUROPE – Investment performance firm WM Co. says information ratios, a measure of asset manager performance, are of “little predictive value”.
-
News
ATP taps IBM for administration revamp
DENMARK – ATP, the 27 billion-euro statutory pension provision fund, has selected IBM to implement a new administration system, according to the computer firm.
-
News
Petroleum Fund funds 11 bond, equity mandates
NORWAY – The 988.1 billion-crown (121.1 billion-euro) Petroleum Fund has funded 11 new fixed income and equity mandates with new mostly new money to a range of asset managers.
-
News
T&N trustee firm sees inherent pension conflicts
UK – Alexander Forbes, the trustee firm at the centre of the Turner & Newall pensions battle, has come out and said there are inherent conflicts involved between plan sponsors and trustees.
-
News
BNP Paribas boosts fund of hedge funds business
EUROPE – BNP Paribas Asset Management has boosted its fund of hedge fund business with an agreement to buy a stake in partner firm Fauchier Partners.
-
News
Pension costs hitting Swiss cantons – report
SWITZERLAND – Rising pension and health care costs are putting pressure on the budgets at Swiss cantons and cities, according to Standard & Poor’s Ratings Services.
-
News
FRR has activated E4.8bn of mandates
FRANCE – The Fonds de Réserve pour les Retraites, the French reserve fund, says it has grown to just over 17 billion euros and has activated mandates involving 4.82 billion euros.
-
News
Putnam committed to Europe as Cohen leaves
EUROPE – Putnam Investments says it remains committed to Europe despite the departure of its top European executive Stephen Cohen.
