All Features articles – Page 438
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Features
Pensions that follow the members
They haven’t stopped running at the Novartis pension fund in Basle since the merger of the two chemical companies Sandoz and Ciba Geigy in 1995. Not only was there the merger of the two funds into one, but a string of divestitures of non-core businesses has continued, as part of ...
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Features
Storming the French market
The big thing to hit the French institutional asset management market over the past year is multi-management. Michel Piermay, chief executive of Paris-based consultancy firm Fixage, says that the major financial institutions involved in asset management have recently created multi-management subsidiaries. “All big banks and insurance companies want to be ...
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Features
PMA goes multi-manager
The Dfl1.6bn (e726m) PMA (Pensionfonds Medewerkers Apotheken) pension fund for Dutch pharmacists, based in The Hague, has outsourced almost its entire investment portfolio through an extensive multi-manager structure. The new multi-manager arrangement has resulted in the appointment of a slew of investment managers to various segregated and mutual fund briefs ...
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Features
Poland and Hungary test investors' nerves
Alongside the economic reforms that the Polish government introduced last year were a whole raft of pension reforms aimed at overhauling the system by 2004. So far the government’s plans seem to be on track, and the asset management industry is playing a major role in moving things along. Although ...
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Features
Newex poser for local markets
The launch of the Newex in November last year was heralded as a sign of further of the consolidation of exchanges across Europe. The declared aim of Newex is to “develop a new market, by setting up an exchange with the recognised standards of a regulated European market designed for ...
