Helen Avery
- News
Legal & General arm in ageing downgrade
UK – Triple-A insurer Legal & General Assurance Society has been downgraded, as increased life expectancy threatens the financing of its growth in annuity sales.
- News
French pension reform timetable on track
FRANCE – Labour minister Francois Fillon has confirmed that all the necessary decrees to enable pensions reform to be implemented on January 1 will be published before the end of the year.
- News
Deutsche’s DWS moving into hedge funds
GERMANY - DWS Investments is moving into hedge funds, and expects to sell one billion euros of its new products in 2004.
- News
Legg Mason names institutional sales director
UK – Legg Mason Investments has appointed Spencer Ahluwalia as director of institutional sales.
- News
French reserve fund delays manager shortlist
FRANCE – The Fonds de Reserve pour les Retraite (FRR) is to delay announcing the manager shortlist for its 16 billion euros of mandates until December.
- News
Norway’s Petroleum Fund returns +1.7%
NORWAY – The Norwegian government’s Petroleum Fund returned 1.7% for the third quarter, bolstered by the positive performance of the equity portfolio.
- News
Finland’s OP hires Nordea’s Backstrom as CIO
FINLAND – Magnus Backstrom has been appointed as chief investment officer for the OP Bank Group Insurance and Pensions.
- News
Northern Trust adds to European client service
UK – Northern Trust Global Investments has made two new appointments to its European institutional client service team.
- News
Hult leaves as Carnegie AM splits from private banking
SWEDEN – Bertil Hult, head of Carnegie Asset Management and private banking will be leaving following the separation of the two business areas.
- News
USS and Railpen in global engagement forum inititative
GLOBAL – Two of the UK’s largest pension schemes have established a forum for global investors to address the issue of cross-border shareholder activism and corporate governance.
- News
Fortis Investments' assets up to e77bn
BELGIUM – Fortis Investments has reported an increase in assets under management for the first nine months of 2003.
- News
HSBC AM recruits Mellon's Cookson
UK – HSBC Asset Management in the UK has appointed Colin Cookson as head of business development for the Group’s corporate and institutional client base.
- News
Stork names new MD to replace fired Van Gastel
NETHERLANDS – The 1.5 billion-euro Stork pension fund has appointed a new managing director.
