All IPE articles in December 2001 (Online) – Page 3
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News
Mercer hires OPRA man as legal consultant
UK - Gary Crockford has been appointed as a senior legal consultant with William M. Mercer....
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News
SRI research needs standardisation, EU told
EUROPE – It is the quality of socially responsible investments (SRI) research that needs to be standardised, not the methodology, according to Claudia Kruse, corporate responsibility analyst at SRI specialist firm, Global Risk Management Services (GRMS)....
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Calls for mutual insurance to replace UK's MFR
UK – The UK Industrial Society (IS) has called on the government to replace the minimum funding requirement (MFR) with a government backed mutual insurance scheme....
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Kottmann creates new Swiss consultancy
SWITZERLAND - Felix Kottmann, the former member of the executive committee at Swiss consultants Complementa, who left the firm earlier this year, has set up his own consultancy firm, Kottmann Advisory, with the aim of providing customized services to a selected group of international institutional and private clients in Switzerland....
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Kanton Zürich pensions chief to resign
SWITZERLAND - Bruno Lang, head of pension fund supervision in the Kanton Zürich is set to resign at the end of 2002....
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Sweden's Carlson gains global GIPS compliance
SWEDEN – Stockholm-based Carlson Investment Management has announced that the company now presents performance results in compliance with the Global Investment Performance Standards (GIPS)...
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DeAM calls pension fund expectations 'unrealistic'
GLOBAL – Financial assets around the world are likely to generate lower returns in the future than investors have come to expect and this could have serious consequences for pension funds, since their valuations are based on unrealistic expectations, claims a new Deutsche Asset Management (DeAM) report on long-term asset ...
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News
Dutch player KAS wins first UK custody mandate
UK/NETHERLANDS – The London office of Dutch custodian bank, KAS Associatie (KAS), has won its first UK custody mandate with the brief to provide services for a UK equity portfolio of the £145m (€233m) Norwest Holst Group staff pension scheme....
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UK needs to slash pensions regulation, says SPC
UK – Substantial volumes of legislation will need to disappear if the simplification of UK pension schemes, currently under review by Alan Pickering for the UK government Department of Work and Pensions, is to be in any way successful, warns the Society of Pension Consultants (SPC).....
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News
Parallel in Spanish venture capital tie-up
SPAIN/UK – London based private equity investment managers, Parallel Ventures Managers (Parallel), has moved into the Spanish market with the announcement of a new link-up with Spanish private equity investment and advisory firm, Excel Partners....
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INVESCO cleans up with Twyford Bathrooms mandates
UK - INVESCO Pensions has been awarded a three-part mandate by Twyford Bathrooms, following the establishment of new pensions arrangements for Twyford’s 900 plus employees after its recent acquisition by the Sanitec Group....
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Swiss regulator in new year shake-up
SWITZERLAND - Daniel Stufetti, head of the Swiss Federal Bundesamt für Sozialversicherungen – the department in charge of social security and pension fund law - is to resign at the end of the year, with the organisation itself set for re-organization....
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First full details of huge $8bn fixed-income RFP
NORWAY - The NOK547bn (e68bn) Norwegian Government Petroleum Fund has issued one of the world’s largest ever fixed-income RFPs seeking 14 mandates for between $5-8bn of assets, with the initial tender process being run through the IPE-Quest electronic manager selection system.....
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News
Europe's pension providers need to get aggressive
EUROPE –European pension providers need to be more aggressive if they are to reap the rewards of the growth in the market brought on by the switch from public to private retirement provision, warn Goldman Sachs (GS) and Deloitte Consulting (Deloitte) in a new report....
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News
Unilever and Merrill Lynch settle out of court
UK - Merrill Lynch and the Unilever Superannuation Fund (USF) have reached an undisclosed out of court settlement in their high profile £130m (e210m) court battle over the management of some £1bn in Unilever pensions money during the 1990’s by Mercury Asset Management (MAM) – now owned by Merrill.
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ECJ starts cross-border pensions tax hearing
FINLAND/EUROPE – The first cross-border pensions court case to be considered by the European Court of Justice (ECJ) following the publication of EC internal market Commissioner Frits Bolkestein’s communication on tax for cross-border pension arrangements, had its first hearing before the ECJ today.....
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Unilever/Merrill judge warns on cost of litigation
UK – The judge presiding over the Unilever/Merrill Lynch court case, which was settled out of court today, has warned city firms and commercial entities embarking on such high profile litigation to consider the consequences of putting such cases before the high court without full and proper mediation....
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News
Vanguard hires Dutch pension fund manager
BELGIUM/NETHERLANDS – Brussels-based Vanguard Investment Europe has made a sortie into the Dutch pensions market to recruit a new marketing executive with the hire of Olof Könst, a fund manager from Rijswijk-based metalworkers fund managers, MN Services....
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News
Julius Baer appoints new CFO
SWITZERLAND - Julius Baer has appointed Rolf W. Aeberli as chief financial officer (CFO) to the group’s executive board, with effect from March next year....
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AMEX announces new fund of hedge funds
US/SWITZERLAND – American Express Bank (AEB) has launched its third fund of hedge funds, the global market neutral conservative fund of funds portfolio....
