All articles by Daniel Brooksbank – Page 168
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Features
Two funds opt for hedge strategies
Two European pension funds have made commitments to hedge funds as part of a growing trend. The E1.3bn pension fund of Dutch research institute TNO has allocated E30m to hedge funds, while in the UK, the Kvaener pension fund has allocated £25m (E35m). The Rijswijk-based TNO has awarded two E15m ...
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Features
Why Lamfalussy is worried
Late last year the European Commission set up European occupational pensions regulatory and supervisory committees as part of a broad package which also saw the formation of committees to cover banking and investment funds. The European Council had asked the Commission in December 2002 to extend the committee structure applied ...
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News
BNP Paribas AM launches three hedge funds
FRANCE - BNP Paribas Asset Management has launched three hedge funds as part a push into the alternative asset arena.
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News
Avaya taps Orbit for UK pensions management
UK – US-based communications equipment firm Avaya has appointed Orbit Benefits to provide pensions administration in the UK.
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French reserve fund says 137 managers reach 2nd stage
FRANCE - The French Pension Reserve Fund has now completed the first phase of its 16 billion-euro tender process - with 137 of the 410 applications going through to the second phase.
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UK funds rise 15% in year to November – HSBC
UK – The average balanced, pooled pension fund returned +15% in the first 11 months of 2003, according to new data from HSBC.
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Ex-Mercer’s Machon joins Aon Consulting
UK - Aon Consulting has hired John Machon as business relationship manager at its Bristol office in western England.
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Belgacom downgraded over pensions
BELGIUM – Telecoms company Belgacom has been downgraded by ratings agency Standard & Poor’s because of the planned transfer of its pension fund to the Belgian state.
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News
Isle of Man consults on independent trustees
ISLE OF MAN – The Isle of Man has launched a consultation process on independent trustees for domestic pension schemes.
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ABP hires ex-BGI’s Holdsworth for overlay
NETHERLANDS – Stichting Pensioenfonds ABP has hired Kate Holdsworth, the former head of UK portfolio management at Barclays Global Investors.
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News
T. Rowe Price investment chief Testa retires
US - T. Rowe Price says chief investment officer David Testa is to retire and be replaced by 22-year company veteran Brian Rogers.
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News
UK’s NAPF says voting is an obligation
UK – The National Association of Pension Funds says that voting is an obligation of share owners and that it will recommend active voting as part of engagement with companies.
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Schock to replace Bourven at State Street Banque
FRANCE - Monique Bourven is to retire as head of State Street Banque and be replaced by François Schock.
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News
Goldman Q4 asset management revenues rise
US – Goldman Sachs says its revenues from asset management rose 33% in the fourth quarter.
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Janus names ex-Schwab chief as chairman
US – Janus Capital, mired in the US improper-trading scandal, has named former Charles Schwab Corp. vice chairman Steve Scheid as non-executive chairman.
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SWIP hires Barings’ Ortving as Nordic head
NORDIC – Scottish Widows Investment Partnership says it has hired Martin Ortving from Baring Asset Management to head its Nordic business.
