All articles by Daniel Brooksbank – Page 149
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State Street Ireland hires Goldman’s Nangle
IRELAND – State Street has hired Goldman Sachs Asset Management’s Gavin Nangle to be head of business development in Ireland.
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ABP, Generali invest in new infrastructure fund
EUROPE – ABP, Generali and Oslo Pensjonsforsikring are among investors in a newly closed 422 million-euro pan-European infrastructure fund set up by Australia’s Macquarie Bank.
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UK’s Clwyd adds hedge fund exposure in revamp
UK – The 550 million-pound (834 million-euro) Clywd Pension Fund says it has broadened its hedge fund exposure in a “major review” of its investment managers.
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UWV awards custody to ABN Amro Mellon
NETHERLANDS - The 2.2 billion-euro Stichting Pensioenfonds UWV, the Workers’ Insurance Authority pension fund, has awarded global custody to ABN Amro Mellon.
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Pension funds seen as dominant hedge investors
EUROPE – The “clear majority” of European institutions which invest in hedge funds are pension funds, a new survey says.
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Putnam says top lawyer Woolverton to retire
US – Putnam Investments says its top lawyer William Woolverton is to retire amid the market timing scandal and be replaced by State Street Research & Management Co.’s Frank McNamara.
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MSCI to buy risk software firm Barra for E675m
GLOBAL - Morgan Stanley is to buy risk management analytics firm Barra for 816.4 million dollars (675.3 million euros) in cash and integrate it with its majority-owned MSCI index business.
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Fund body FEFSI to let asset managers join
EUROPE - The European investment fund body FEFSI has changed its constitution to admit asset management companies as members, and not just national fund associations.
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UK balanced pension funds up 1.6% - HSBC Image
UK – The average balanced pooled pension fund in the UK returned 1.6% in the first two months of 2004, according to HSBC Actuaries and Consultants Ltd.’s latest IMAGE survey.
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Europe's CESR to look at asset management
EUROPE - The Committee of European Securities Regulators has appointed the chairman of Italy's Consob to head a group looking at investment management.
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SSGA names Leahy chief operating officer
GLOBAL - State Street Global Advisors, State Street Corp.’s investment management arm, has named Peter Leahy as chief operating officer, a new role.
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French reserve fund awards first E10bn
FRANCE – The 16 billion-euro French Pensions Reserve Fund has awarded its first 10 billion euros in mandates, covering four “lots” - large-cap euro equities, small and mid-cap euro equities, large-cap US equities and bonds.
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Mercer names international consulting head
UK – Mercer Human Resource Consulting has named Mark Sullivan as head of its international consulting practice.
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VB says industry-wide funds pass Z-score test
NETHERLANDS - The Dutch Association of Industry-wide Pension Funds, the VB, says all compulsory member funds passed the Z-score test , which measures performance against benchmarks, in 2003.
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UBS’s GAM names Mueller as institutional head
SWITZERLAND – UBS’s active asset management arm GAM has hired Reinhard Mueller from Deutsche Asset Management to be managing director of its Zurich office and head of European institutional business.
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NTGI names new head of international equities
GLOBAL – Northern Trust Global Investments has named Stephen Dowds as head of international equities, a role vacant since the departure of Andrew Perry around 18 months ago.
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SEI names new chief investment officer
US – SEI Investments has named Karl Dasher as chief investment officer. He takes over from Ed Loughlin, who remains president of SEI Asset Management.
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French reserve fund appoints auditors
FRANCE – The supervisory board of the France’s 16 billion-euro Fonds de Réserve pour les Retraites has appointed KPMG and Constantin & Associés as auditors.
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Danish funds sign agreement with SRI firm Eiris
DENMARK – Socially responsible investing consultant Ethical Investment Research Services has signed agreements with two Danish pension funds, Pensionskassernes Administration and Magistrenes Pensionskasse.
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Royal London outsources E6.75bn to J P Morgan
UK - Royal London Asset Management is to outsource 4.5 billion pounds (6.75 billion euros) in unit trust fund accounting to J P Morgan Investor Services.
