All articles by Daniel Brooksbank – Page 204
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News
Hedge fund firm Platinum boosts European sales
EUROPE – Hedge fund company Platinum Capital Management has named Reinhard Nigl as director of European business development.
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News
Spain: Credit Suisse pension arm posts profit
SPAIN – Credit Suisse’s Spanish pensions business, Winterthur Pensions, recorded a 1.5 million-euro profit in 2002.
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News
Mercer says ALM is a tool, not a solution
GLOBAL – The head of Mercer Investment Consulting’s global practice says it is important to remember that asset/liability modelling is a tool for decision makers – not a process which produces the answer.
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News
Watson Wyatt names 27 European partners
EUROPE – Consultancy firm Watson Wyatt is to promote 27 of its European associates to partner.
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News
State Street in Bank of Ireland custody deal
IRELAND – Bank of Ireland has agreed to sell its 50% stake in its Dublin securities services venture with State Street to the Boston-based bank.
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News
UK-US treaty “significant” for pension funds
UK – A new treaty between the UK and US on double taxation has been hailed as a “significant development” for pension funds by HSBC’s actuarial arm.
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News
UK actuaries reject pension criticism
UK – The head of one the UK’s main actuarial bodies has rejected criticism of the profession made by the opposition Conservative Party.
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News
US pension agency’s deficit widens to E4.8bn
US – The Pension Benefit Guaranty Corp., which backs the US pension system, says the deficit in its single-employer insurance programme has grown to around 5.4 billion dollars (4.8 billion euros) at the midyear – up from 3.6 billion dollars in 2002.
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News
LGIM wins E4bn of new institutional business
UK – Legal & General Investment Management won 2.8 billion pounds (4.02 billion euros) of new business in the first quarter of 2003, six percent down on the same period in 2002.
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News
State Street sees “selective acquisitions”
UK – A senior executive at State Street says the bank could make “selective acquisitions” in Europe following its 1.5 billion dollar acquisition of Deutsche Bank’s securities services arm.
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News
Deutsche says DeAM restructuring is now over
GERMANY – Deutsche Bank says the restructuring of its asset management business is now over.
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News
UK’s pension service seeks deputy finance chief
UK – The UK’s Pension Service is looking for a deputy finance director, to be based in Leeds in northern England.
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Features
Dutch funds go deeper into red in 2002
Dutch pensions funds results for 2002 do not make for pretty reading, as the negative returns for 2002 following on a dismal 2001 have pushed some funds below the high watermark line of the strong buffer reserves designed to absorb the severest of market shocks. The unprecedented declines heralded in ...
