All articles by Daniel Brooksbank – Page 123
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News
Northern boosts European transition management
EUROPE - Northern Trust Global Investments says it has former Instinet executive Simon Hutchinson as strategist for transition management in Europe.
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News
ING named as manager fired by SFN (Update)
(Updates with name of manager) NETHERLANDS - Stichting Flexibel Uittreden Nutsbedrijven, the 348 million-euro fund for the Dutch utility sector, has withdrawn a 175 million-euro balanced mandate from ING Investment Managment and handed it to Barclays Global Investors.
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UK pension funds marking time – WM
UK – UK pension funds - up an “unspectactular” 1.1% in the second quarter - are currently marking time, says performance measurement firm WM Co.
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News
CalPERS buys into German real estate
GERMANY – CalPERS, the largest US pension fund at 166.3 billion dollars (136.8 billion euros), has bought a commercial property in Frankfurt for 14 million dollars.
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News
Stoxx says European index to overtake S&P 500
EUROPE – Stoxx, the joint venture index provider, says it is only a matter of time before its Dow Jones Euro Stoxx 50 index overtakes the S&P 500 in terms of assets.
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News
Swiss minimum interest rate raised to 2.5%
SWITZERLAND – Despite a difference of opinion between social partners and government commissions, the Swiss federal council has decided to raise the minimum guaranteed interest rate for occupational pensions to 2.5% from 2.25%
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News
Dutch associations critical of pre-pension plans
NETHERLANDS – The Dutch pension fund associations the VB and the OPF have criticised the government’s pre-pension proposals – with the head of the OPF saying: “It’s difficult to see where it ends.”
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News
Dutch agency backs Scandinavia pension model
NETHERLANDS – The Dutch government’s social planning agency, the Social and Cultural Planning Office, says the Scandinavian model of pension reform is “worth copying by others”.
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News
Rona replaces Marin as Invesco Spain chief
SPAIN – Invesco Asset Management Spain has named Miguel Rona as its new general director, replacing Juan Marin who is joining Fortis Investments.
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News
Fidelity Investments names UK DB MD
UK - Fidelity Investments has named Martin Harris as managing director of UK Defined Benefits reporting to David Stewart, president of the European Institutional Business.
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News
Former Varma CEO Pitkänen retires
FINLAND - Paavo Pitkänen, the former president and chief executive of Varma Mutual Pension Insurance Co., has retired from the company.
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News
HSBC Actuaries hires Mercer's Sarkar
UK - HSBC Actuaries and Consultants Ltd. says it has hired Jonathan Sarkar from Mercer Human Resource Consulting to be actuarial director.
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News
OECD head sees $1trn global pension shortfall
GLOBAL – The head of the Organisation of Economic Cooperation and Development says the funding shortfall in pension schemes worldwide could be as large as one trillion dollars.
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News
BOE says DB closures adding to property boom
UK – The Bank of England says the closure of defined benefit occupational pension schemes has added to the recent “upward pressure” on house prices in the UK.
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News
AP3 taps Trema for management system
SWEDEN – Tredje AP-fonden, the 151.9 billion-crown (16.5 billion-euro) third Swedish buffer fund, has chosen an investment management system provided by Trema Group, the supplier said.
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News
Icelandic bid for Singer likely soon – analyst
UK – Iceland’s Kaupthing bank, which has made a series of European acquisitions since 1998, is likely to make a bid for UK asset management company Singer & Friedlander soon, an Icelandic analyst has said.
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Features
Citigroup throws down global real estate gauntlet
The new chief executive of Citigroup’s real estate arm has outlined its plans to create a “top tier” global real estate investment management business in an interview with IPE Real Estate. “Our mandate is to become a top tier global real estate investment manager and to create institutional-quality investment opportunities ...
