All IPE articles in December 2006 (Online) – Page 4
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News
USS seeks to strengthen UK equities team
UK – The £26bn (€38.5bn) Universities Superannuation Scheme is looking for a UK smaller companies portfolio manager to strengthen its UK equities team.
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Robeco takes 64% stake of SAM Group
EUROPE – Robeco has taken a 64% stake in Swiss-based SRI firm Sustainable Asset Management for an undisclosed sum.
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Immigration won’t save European PAYG - professor
EUROPE – Immigration won’t come to the rescue of Europe’s pay-as-you-go pension systems, argues Harvard professor Martin Feldstein.
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Dorset reviews Prudential M&G
UK – Prudential M&G has come under review at the €1.432bn (£966m) Dorset County Council pension scheme.
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Suffolk in search for currency overlay manager
UK – The £1.2bn (€1.8bn) Suffolk County Council Pension Fund is looking to award a £403m currency overlay mandate for its overseas currency exposure.
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MEPs’ fund goes into real estate
EUROPE – The €190m (£127.85m) Members of European Parliament Pension Fund is moving away from bonds in favour of euro-zone property to increase the diversification within its portfolio.
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German accountants’ fund to go into alternatives
GERMANY – WPV, an €850m pension fund for chartered accountants, will make inaugural investments in alternative asset classes from 2007, targeting a quota of up to 5%, according to managing director Hans-Wilhelm Korfmacher.
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Dutch doctors scheme names finance head
NETHERLANDS - Bernard de Haan has been appointed as head of finance and control at the €12bn Doctors Pension Fund Services.
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Capital International marketing chief joins Lehman
UK – Capital International’s Olaf John has joined Lehman Brothers Asset Management as its new head of distribution for Germany and Austria.
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UK expects €220bn in new pension accounts
UK – The government has formally unveiled its proposals for “simple but radical” personal pension accounts - envisaging an eventual pool of up to £150bn (€223bn) to be managed by fund managers.
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European firms see pension risk – survey
GLOBAL – Nearly a quarter of continental European companies believe their pension plans represent a serious risk to the organisation, a survey by Mercer has found.
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Solvency II for pension directive “unclear” - FSA
EUROPE - It's still unclear whether the European Union's occupational pension fund directive will be amended to account for the Solvency II project for insurance companies, according the UK's Financial Services Authority.
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John Lewis awards Japan equities to JP Morgan
UK – The £1.7bn (€2.5bn) John Lewis Partnership pension fund has awarded JP Morgan Asset Management a £50m Japanese active equities mandate.
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IPE-QUEST: Danish fund tenders European high-yield
DENMARK – A Danish industry-wide pension fund has tendered €50m in pan-European active high-yield debt via IPE-Quest.
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Dutch painters tap CS for private equity
NETHERLANDS – The Dutch painters industry pension fund has appointed Credit Suisse Benelux with a €45m private equity mandate, the bank announced today.
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Netspar in €3m pensions research push
NETHERLANDS – Dutch pensions research institute Netspar is to subsidise three pension research projects with €3m, the organisation announced today.
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Northamptonshire in £50m hedge fund move
UK – The £1.1bn (€1.6bn) Northamptonshire County Council pension fund is looking for hedge fund managers to invest approximately 4.5% of its portfolio.
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Hewitt launches pension consultancy in Hungary
HUNGARY – Hewitt Associates is strengthening its office in Budapest with two new businesses, namely a European pensions actuarial services team and a pensions and benefit finance consulting unit.
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Goldman Sachs AM gets $94bn in net inflows
GLOBAL – Goldman Sachs says it had a total of $94bn (€139.5bn) of net asset inflows into its asset management business in 2006.
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Pension funds taking on too much risk, says ECB
EUROPE - The European Central Bank has warned that underfunded pension obligations may be leading investors into taking on too much risk – especially in emerging markets and high-yield bonds.
