All articles by Daniel Brooksbank – Page 183
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Goldman Sachs AM revenues rise 20%
GLOBAL – Goldman Sachs’ asset management division saw its revenues rise by 20% in the third quarter to 481 million dollars (417.6 million euros), from 400 million dollars a year ago.
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State Street launches institutional index
GLOBAL - State Street Corp. has launched a monthly index that tracks global institutional investors' confidence.
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Pension funds must control consultants, Watson says
GLOBAL – Pension funds need to exert more control over agents acting on their behalf such as investment consultants and asset managers, says Watson Wyatt.
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UK pension annuity premiums could rise 10%
UK – Individual pension annuity premiums could rise by up to 10.6% a year over the next 10 years, according to the Association of British Insurers.
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Dutch resist pension change – central bank
NETHERLANDS – The Dutch central bank says the public is finding it hard to accept change to the pension system – and that is little awareness of future pension provision.
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Euro boost for European pooled property funds
EUROPE – The euro has had a positive impact on cross-border investing in European pooled property funds, according to IPD and ABN Amro.
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Scottish Widows’ CEO Kane to leave
UK – Scottish Widows’ chief executive Mike Ross is to be replaced next week by Archie Kane.
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UK’s USS opts for HSBC over State Street’s WM
UK – The 18 billion-pound (25.9 billion-euro) Universities Superannuation Scheme has chosen HSBC Global Fund Services to provide investment accounting and performance measurement.
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OECD to discuss pension scheme accounting
FRANCE – The Organisation for Economic Cooperation and Development is to hold a meeting of national accounts experts – with public pensions on the agenda.
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Ex-Mercer’s Dinham joins Investment Solutions
UK – Investment Solutions, which entered the UK multi-management market last week, has hired former Mercer investment consultant Richard Dinham.
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BGI's Europe CEO Tomlinson stands down
EUROPE - Lindsay Tomlinson has relinquished day-to-day management responsibility at Barclays Global Investors' European business to Andrew Skirton.
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EAMA secretary general Michael Haag dies
EUROPE – The secretary general of the European Asset Management Association, Michael Haag, has died after a long illness.
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S&P names European investment sales head
EUROPE - Standard & Poor's has hired Thomson Financial's former European sales director Susan Lait to be its new European head of sales for investment services.
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Czech Republic to draft pension reform
CZECH REPUBLIC – The Czech Republic is to prepare a draft outline of pension reform by the end of the year, according to the Czech government’s web site.
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Watson Wyatt & Co. cuts 100 US jobs
US – Watson Wyatt & Co. says it cut 100 jobs in July and that fourth-quarter revenues fell 2.3%.
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IMF’s online pension forum “disappointing”
GLOBAL – Traffic to a global online discussion group on pension schemes hosted by the International Monetary Fund has been “disappointing”, its moderator says.
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Put 5-10% into hedge funds - ex-Watson partner
UK – Former Watson Wyatt partner and senior investment consultant Stephen Oxley says pension funds should allocate between five and 10 percent to hedge funds.
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Putnam names director of European equities
EUROPE – Putnam Investments has named Heather Arnold as director of European equities.
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Pension reform could hit EU stability pact – IMF
EUROPE – There are potential tensions between pension reform and the European Union’s Stability and Growth Pact, says the International Monetary Fund.
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Woods to head new SSGA hedge fund strategy group
UK - State Street Global Advisors has set up a hedge fund strategies group to be headed by former UK chief investment officer Chris Woods.
