All articles by Daniel Brooksbank – Page 85
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Features
Caught on camera
Delegates to the National Association of Pension Funds’ annual investment conference in Edinburgh in March may have noticed the TV screens dotted around the venue showing interviews with pension personalities. Leading UK pension industry figures such as Railpen’s Chris Hitchen and incoming NAPF chairman Robin Ellison were giving their views ...
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Features
Mercer expanding multi-manager service
International consultant Mercer says plans are “well under way” to expand its new multi-management service into the UK, Ireland and continental Europe following its US launch. The new business will use research into asset managers from Mercer Investment Consulting. Mercer says its Mercer Global Investments arm has now formally launched ...
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Features
International investment tops
A new academic study has found that international investment brings better returns and that the reasons for limiting foreign investing are weak. “Data confirm theory that international investment allows superior investment performance in terms of risk and return,” says E Philip Davis, Professor of Economics and Finance at London’s Brunel ...
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News
Liabilities are now the benchmark – PME chief
NETHERLANDS – Roland Van den Brink, managing director of investments at the €14bn PME scheme, says schemes should only benchmark against their liabilities.
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News
SSGA names Duncombe as UK managing director
UK – State Street Global Advisors has named foreign exchange head Paul Duncombe as managing director of its UK business, taking the role vacated by Nigel Wightman in March.
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News
Sweden’s Alecta cautious about 2005 returns
SWEDEN – Occupational pensions provider Alecta has posted a 2.5% return for the first quarter of 2005 – but says it is cautious about full-year returns.
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News
Schemes’ lack of derivatives expertise ‘an issue’
UK – One of the trustees behind the Friends Provident scheme’s move into derivatives in 2004 has warned that a lack of expertise could be an issue at other pension funds.
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News
AXA names hedge head
GLOBAL - AXA Investment Managers has Olympia Capital Management's Véronique Courlier as global head of hedge fund activities.
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News
ABN Amro AM reviewing mandates as profit falls
EUROPE – ABN Amro says it is reviewing the profitability of individual mandates at its asset management business amid a 10% decline in net profit at the division.
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News
Siemens says better returns boost scheme funding
GERMANY – Industrial group Siemens says higher than expected returns – plus supplemental contributions – has cut the underfunding of its main pension plans to around €1.1bn – from €3.1bn six months ago.
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News
EFRP to complain to EU over pension tax
EUROPE - The European Federation for Retirement Provision plans to make a formal complaint to the European Commission over discriminatory pension taxation.
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News
ATP makes €711m return on interest-rate swaps
DENMARK – ATP, the Danish labour market supplementary pension scheme, says it made a “healthy” DKK5.3bn (€711m) return on its interest-rate swaps portfolio in the first quarter.
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News
AP1 to vote against GE and Chevron at AGMs
SWEDEN – Forsta AP-fonden, the €17bn Swedish buffer fund, is to back environmental resolutions at US industrial giants General Electric and ChevronTexaco at their annual general meetings tomorrow.
