All IPE articles in December 2004 (Online)
View all stories from this issue.
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News
Italy launches supervision shakeup
ITALY - The welfare ministry is to produce a decree outlining a new role for the Regulatory Commission of Pension Funds (Covip), according to under-secretary for labour, health and welfare, Alberto Brambilla.
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CSAM targets Danish investors
DENMARK - Credit Suisse Asset Management has received regulatory permission to offer nine Luxembourg-domiciled investment funds to Danish pensions investors from 1 January 2005.
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Boal defection delivers further BIAM blow
IRELAND – The departure of Bank of Ireland Asset Management UK head David Boal to join five previous defectors to Perpetual Trustees has prompted speculation about its future path.
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UK institutions exit gilts – statistics office
UK – Institutional investors’ net investment in UK government sterling securities, or gilts, fell by £7.8bn (E11.1bn) in the third quarter, according to the Office for National Statistics.
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Denmark’s ATP in Falck private equity deal
DENMARK - ATP Private Equity Partners, a subsidiary of the E27bn statutory pension provision fund ATP, is a partner in the purchase of Danish emergency services group Falck.
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Janus largest provider on new Danish pension platform
DENMARK - Janus Capital Group says it has been registered as the largest fund provider on Denmark's new DKK43bn (€5.8bn) Folkebørsen investment platform.
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Commission hardens stance on Swedish pension tax
SWEDEN – The European Commission has raised the stakes in its bid to get Sweden to end what it calls “discrimination” against foreign pension funds.
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Dutch textile firm Blydenstein closes scheme
NETHERLANDS - Dutch textile company Blydenstein-Willink, currently better known under the brand name of Verison, is set to close its pension fund on December 31.
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Morley Fund Management unveils Polish hedge fund
POLAND - Morley Fund Management says it will launch its first hedge fund managed and invested in Poland.
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JP Morgan Fleming institutional head White quits
UK - The head of international institutional business at JP Morgan Fleming Asset Management, Mark White, has left the company after 28 years to “pursue external opportunities”.
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Italy could extend pension bonus - minister
ITALY – The 32.7% tax-free bonus for workers who postpone retirement could be extended beyond the deadline set by the pension reform, welfare minister Roberto Maroni has announced.
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Call for rich Dutch pensioners to pay more
NETHERLANDS – Plans to force well-off Dutch pensioners to contribute to the nation’s ballooning state pension costs have been criticised in Parliament.
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Swiss vote means no gold for pensions
SWITZERLAND - The Swiss first pillar scheme AHV will receive nothing from the sale of 1,300 tons of the central bank’s gold reserves, the upper chamber of parliament has decided.
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Dutch pharmacists sack ING’s “abominable” NN
NETHERLANDS - The E800m pension fund for public pharmacists in the Netherlands has sacked its administrator Nationale Nederlanden and opted instead for common management firm AZL.
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Let fund industry ease pensions crisis – McCreevy
EUROPE – European internal markets commissioner Charlie McCreevy wants the fund industry to be released to help the higher capital funding of pension schemes.
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Carnegie exits Sweden pension consulting
SWEDEN - Nordic investment bank Carnegie’s Swedish pension consulting arm has been taken over by advisory firm Max Matthiessen.
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Pension demand to boost bonds – Merrill Lynch
EUROPE – Demand from pension funds will be one of the factors behind European bonds outperforming next year, according to Merrill Lynch.
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BIAM names global equities director
EUROPE - Bank of Ireland Asset Management has named Morgan Stanley Investment Management’s Paul Boyne as a director with global equities responsibility.
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Pioneer names new CIO amid institutional push
EUROPE - Pioneer Investments has named Marco Pirondini as global chief investment officer amid a push for the institutional market.
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Morgan Stanley adds $22bn in institutional assets
GLOBAL – Morgan Stanley Investment Management gained $22bn (E16.5bn) in institutional assets in the fourth quarter – taking total institutional AUM to $222bn.
