Investor Strategy – Page 192
-
News
UK nuclear scheme tenders investment consulting
UK – The Nuclear Decommissioning Authority, the body charged with cleaning up the UK’s atomic energy industry, has tendered for investment consulting services for the proposed Nuclear Decommissioning Industry-wide Pension Schemes (or IWS).
-
News
AP3 considering portable alpha
SWEDEN – Tredje AP-fonden, the roughly €20bn Third National Pension Fund/AP3, is currently brainstorming about portable alpha – although there is no guarantee it will be implemented.
-
News
Up to 3,000 jobs go in Achmea-Interpolis merger
NETHERLANDS – Between 2,500 and 3,000 jobs are to go in the next three years as Dutch pension management firms Achmea and Interpolis merge.
-
News
Ex-Hoogovens bond manager joins LODH
NETHERLANDS – Iwan Lont, former Stichting Hoogovens Pensionenfonds fixed income senior portfolio manager, has joined Lombard Odier Darier Hentsch & Cie (LODH) as a senior portfolio manager.
-
News
€10bn German public scheme VBL streamlines
GERMANY – The Versorgungsanstalt des Bundes und der Länder, a €10bn pension fund for public sector employees, plans to streamline its operations to boost efficiency.
-
News
ABP names Neal as equities CIO
NETHERLANDS – ABP Investments has named Edwina Neal as chief investment officer of equities and board member from March 1.
-
News
Austrian funds returned 11.4% in 2005 - FVPK
AUSTRIA - Buoyed by strong equity markets, Austrian pension funds finished 2005 with an average return of 11.4% on assets, according to fund association FVPK.
-
News
Changeover at F&C in Ireland
IRELAND - Ruth O'Briain, managing director of F&C Asset Management in Ireland, will shortly retire from the industry to be be succeeded by Mercer senior investment consultant and former F&C Irish business development head Grainne Alexander.
-
News
Achmea, AXA sell Finles stake to managers
NETHERLANDS – Achmea and AXA have sold their 50% stake in Dutch asset manager Finles to the firm’s co-CEOs for an undisclosed amount.
-
News
KAS Bank client pulls €30bn
NETHERLANDS – KAS Bank says one of Dutch sub-custody clients is to pull around €30bn – or around 10% of the assets the bank has under custody/administration.
-
News
Schroders axed over performance at Cheshire
UK – Schroders has been axed from a £500m (€731m) mandate by the £2bn Cheshire County Council pension fund following poor performance.
-
News
Swedish savers put €2.5bn into Kapitalpension
SWEDEN – Swedish savers placed almost SEK23bn (€2.5bn) in the new savings product – the Kapitalpension - during 2005, according to figures from the Swedish Insurance Federation, Försäkringsförbundet.
-
News
Norway fund may expand derivatives operations
NORWAY – The NOK1.2trn (€147bn) Government Pension Fund – Global may be expanding its derivatives operations.
-
News
Watson advised on 17 UK swaps deals in 2005
UK – Watson Wyatt Investment Consulting says it advised on 17 swap transactions for UK clients last year.
-
News
Hewitt nabs ex-HACL’s Riddaway
UK – Former HSBC Actuaries and Consultants (HACL) investment strategy head Bobby Riddaway, has been appointed client consultant at Hewitt Associates.
-
News
State Street wins €950m in UK servicing briefs
UK - State Street says it has won a total of almost £650m (€950.8m) in investment servicing mandates from four separate UK pension fund clients.
-
News
ABN Amro AM names investment strategy head
UK – Former World Bank and IMF consultant Richard Duncan has been promoted to head of investment strategy at ABN Amro Asset Management.
-
News
Commission says Europe needs more ageing reform
EUROPE – The European Commission says European Union governments need to step up reform efforts to deal with their ageing populations.
-
News
Swiss fund loses 92% property allocation case
SWITZERLAND – A small pension fund tied to a co-operative bank in the city of Thun has failed in court to get an exemption from government rules requiring schemes to diversify their holdings.
-
News
Greenalls reviewing investment strategy
UK –Trustees of the Greenalls Group Pension and Life Assurance Scheme – the £250m (€367m) defined benefit fund for the De Vere hotel and travel group - are performing a complete review of the scheme’s investment strategy.
