All articles by Daniel Brooksbank – Page 228
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News
BGI assets slide 17% in nine months
UK – The largest manager of European pension fund assets, Barclays Global Investors, has seen its assets under management tumble by 90 billion pounds - almost 17% - in the first nine months of 2002.
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News
Watson Wyatt wary of DC “mis-selling”
UK – Pension consultant Watson Wyatt has called for greater communication about defined contribution pension schemes from employers to avoid the possibility of another pension “mis-selling” scandal.
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News
Rabobank’s Robeco launches Euro Stoxx fund
NETHERLANDS – Rabobank’s asset management division Robeco has launched a new bond and options fund based on the Dow Jones Euro Stoxx index, while closing three other funds.
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News
Nasdaq launches European-specific ETF
EUROPE – Citing demand from European, and especially German, institutions, US-based stock exchange operator Nasdaq has launched a European-specific exchange traded fund based on the Nasdaq 100 Index.
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Aberdeen AM cuts jobs as profits slump
UK – Fund manager Aberdeen Asset Management Plc has cut 88 jobs in a bid to cut costs following a 15% fall in 2002 pre-tax profits which have been hit by a 2.3 billion pound (3.59 billion euro) fall in the value of its funds under management.
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Features
Managing the investment portfolio
Senior managers at some of Europe’s top pension funds agree on one thing: that they are investing for the long term, though they differ on how to achieve their aims in terms of how they manage their funds, allocate assets and monitor their absolute returns. The executives were speaking at ...
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News
RBC unit eyes European bond, equity mandates
UK – The new chief operating officer at the Royal Bank of Canada’s Voyageur Asset Management says that managing US equity and bond mandates of European pension funds will be key to its expansion.
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News
European insurer in e1.5bn search via IPE-Quest
UK - One of Europe's leading insurance companies today notified three US debt searches valued at more than 1.5 billion euros through IPE-Quest.com, IPE’s site that brings together Institutional Investors and asset managers
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News
Germany sees four million Riester sales
GERMANY - Germany’s health and social security minister Ulla Schmidt has said that German life insurers expect to sell four million Riester private pension schemes this year.
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News
IPE Magazine features Czech pension reform
EUROPE – Czech pensions reform is the cover story of the new issue of IPE Magazine. Features include Nordic asset management and cash management, alongside a full report of the second annual IPE European pensions awards.
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News
European SRI group Eurosif names director
FRANCE – The European Sustainable and Responsible Investment Forum, or Eurosif, has hired its first executive director – Matt Christensen, a former director at UK media company Motley Fool.
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News
Glasgow IM ousts MLIM at Diageo
UK – UK drinks company Diageo says it has appointed Glasgow Investment Mangers to run a 280 million pound (438.6 million euro) all-equity mandate, taking over from Merrill Lynch Investment Managers, though MLIM still retains a European equities mandate.
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News
Murray to head Deutsche investment trust arm
UK - Deutsche Asset Management, which manages 102 billion euros in European pension fund assets, has hired former Govett Investments deputy chairman John Murray as head of its investment trust business, to replace James Fox who is to retire.
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News
Germany’s AWD positive on corporate pensions
GERMANY – German financial services provider AWD Holding AG said its expansion into the corporate pensions market has been “very positive”.
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News
Liverpool University fund opts for Jardine Lloyd
UK – Liverpool University’s pension fund has ended its 30-year relationship with consultancy firm Mercers by appointing Jardine Lloyd Thompson to provide actuarial services, consulting and investment advice.
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News
Fortis adds to global custody team
BELGIUM - Fortis Bank has bolstered its global custody department in France and Belgium with the recruitment of Jan De Bolle from Kas Bank.
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News
Allianz Leben says company pensions “booming”
GERMANY – Allianz Leben says its company pensions business is booming, with growth coming from instant pensions and the “breath-taking” development of its Pensionskasse pension fund. But it sees challenges for pension provision ahead.
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News
Hewitt’s fourth-quarter consulting revenues surge
US – Pension and human resources consultant Hewitt Associates’ fourth-quarter consulting revenues rose 47% to 186.1 million dollars from 126.7 million dollars in the fourth quarter of 2001. It said the rise was partly driven by its purchase of Bacon & Woodrow in the UK.
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News
UK’s Brown disappoints on pensions
UK - The UK’s Chancellor of the Exchequer Gordon Brown has disappointed industry-watchers for providing no new incentives for pension provision in his pre-budget report.
