All Features articles – Page 225
-
Features
Euronext listing
Patron Capital Partners is listing its E483m French property portfolio “Vectrane” as a French REIT (an SIIC) on Euronext in the first quarter of 2006. The SIIC will be used a tax-efficient vehicle to accumulate long term, stable assets in the French market. Patron acquired the portfolio last June. It ...
-
Features
New Europe shows potential
Central and east European asset management markets are currently among the fastest growing in Europe. The markets are skewed by the compulsory private pensions system, which distinguishes the region from the ‘old’ EU, but growth is most rapid in the investment fund market, albeit from a low base. According to ...
-
Features
Extending the home market
Erste-Sparinvest KAG, the investment management arm of Erste Bank and the Austrian savings banks, is Austria’s second largest investment manager, and third largest manager of institutional assets. Assets under management currently totalling €27bn are managed in retail mutual funds and large-scale institutional funds. Erste-Sparinvest also manages close on €2bn in ...
-
Features
Limited impact so far
When the former Chinese premier Zhou En-lai was asked about the effect of the French Revolution on the world, he is famously said to have quipped that it was too early to tell. His words come to mind when we think about the effect of the euro on equity markets. ...
-
Features
Unvarnished Farnish
The “good things” in Lord Turner’s report were welcomed by Christine Farnish, chief executive of the National Pensions Fund Association at the IPE MultiPensions conference in Amsterdam last month. “First of all he is saying the UK needs a simpler pension system. He is suggesting very fundamental reforms to the ...
-
Features
Fee rises strain mutual loyalties
Is TIAA-CREF losing its soul? Certainly it’s losing some business and critics have started questioning the results of the ‘Merrillisation’ of this $360bn (e303bn) management company founded 87 years ago by philanthropist Andrew Carnegie as a non profit organisation to provide low-cost retirement plans and insurance for teachers and researchers ...
-
Features
Are mega funds a mega trend?
Are the mega funds that have come to dominate the private equity landscape, dinosaurs? This was the question that Jon Moulton of Alchemy posed provocatively at the recent Super Investor conference in Paris to an audience of 500 representatives of private equity firms, investors, intermediaries and service providers. Moulton amusingly ...
-
Features
What do funds have to lose?
The number of securities class action suits in American courts has been growing consistently, a fact that those foreign companies listed on US exchanges are well aware of. According to the Stanford University Securities Class Action Clearinghouse, there were 327 securities class action lawsuits filed in 2001, an increase of ...
-
Features
Retail therapy for funds
Many of the major US pension funds are investing in retail properties through a single-account manager. One of these is the California Public Employees Retirement System (CalPERS). The pension fund has an interest in a wide variety of assets. These include everything from regional malls to grocery-anchored shopping centres. One ...
-
Features
Global players home in
There is an air of eager anticipation among global custodians when it comes to providing services in central and eastern Europe. Interest in the region has been steadily building over the past few years and the accession of countries including Poland, Hungary, Slovakia and the Czech Republic to the EU ...
