Investor Strategy – Page 203
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Dutch schemes’ Harcourt in Swedish hedge move
SWEDEN - Harcourt Investment Consulting, the Swiss hedge funds business that is ultimately majority owned by ABP and PGGM through NIB Capital, has launched a Swedish hedge fund index.
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Analysts welcome Deutsche Asset Management exit
UK - Deutsche Bank watchers have welcomed this morning’s announcement that virtually all of Deutsche Asset Management in the UK will be sold to rival Aberdeen, noting that the move gives Deutsche an elegant exit from the business.
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Dutch schemes’ NIB ‘close to take-over decision’
NETHERLANDS – NIB Capital, the merchant bank owned by the two largest Dutch pension funds, has received a bid from a former board member of Goldman Sachs, according to press reports.
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Hewitt says 39 clients go ‘unconstrained’
UK – Hewitt Associates says 39 of its UK pension fund clients have gone to so-called unconstrained mandates, up from 20 six months ago.
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Cominvest affilate Ebase sees pensions boost
GERMANY - Ebase, a fund service platform tied to German asset manager Cominvest, says the expected boom in occupational pensions will mean assets under administration from that sector will almost double by the end of 2008.
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WestAM names Westen as asset allocation chief
GERMANY - Institutional fund provider WestAM KAG has hired Gunther Westen from HSBC Trinkhaus Capital Management for the new role of director of asset allocation and fund management.
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Portability proposal “could be adopted” this year
EUROPE – The European Commission says a proposed directive on pension portability could be adopted this year as part of plans to make 2006 the year of ‘European worker mobility’.
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Dutch may issue index-linked to aid schemes
NETHERLANDS - The Dutch Treasury is looking at the possibility of issuing index-linked bonds to help with the financing of pension funds, says finance minister Gerrit Zalm.
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Top execs quit former Heubeck parent FJH
GERMANY - FJH, the embattled insurance software company that formerly owned German pensions adviser Heubeck AG, has announced the resignation of its chief financial officer as part of a shake-up of its management board.
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Putnam institutional chief Boneparth retires
GLOBAL – John Boneparth, head of global institutional management at Putnam Investments, is to retire in September.
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Dutch building schemes in €21bn merger
NETHERLANDS – The Dutch building industry pension fund managers ASW and Cordares have agreed to merge to create an entity with €21bn in assets.
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Henderson names Germany sales head
GERMANY - Henderson Global Investors has named Uwe Diehl to head of sales for Germany and Austria.
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Irish, Dutch schemes in German real estate move
GERMANY – Irish and Dutch pension funds are among the backers who’ve put $140m (€116.2m) into a German residential real estate venture called DeWAG.
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AP3 names new asset allocation chief
SWEDEN – Tredje AP-fonden, the SEK160.2bn (€17.3bn) Swedish third national fund, has named Skandia Liv’s Hans Lindberg as chief strategist for asset allocation, a new role.
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€1.3bn UK plumbing scheme fires Mercer
UK – Consulting firm Mercer has lost the investment consulting and scheme actuary roles at the £900m (€1.3bn) scheme for the plumbing industry.
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Watson’s Urwin doubts hedge fund capacity
GLOBAL – Roger Urwin, global head of investment consulting at Watson Wyatt, says the performance of fund of hedge funds is “in doubt” due to a lack of capacity at some of the managers.
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Fund body EFAMA names new president
EUROPE – Investment fund association EFAMA has appointed a new president and vice president.
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Dutch system seen as global pension leader
NETHERLANDS – “The Dutch pensions industry had come from being a virtually unknown pension power 10 years ago, to being the global pension revolution leader today,” said Keith Ambachtsheer, academic and strategic adviser to pension plans.
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Inarcassa CEO Tosi joins alternatives house
ITALY - Paolo Tosi, chief executive of Inarcassa, the €3bn pension fund for self-employed architects and engineers, has left the fund to join alternatives group Kairos Partners.
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MN Services changes management structure
NETHERLANDS – Dutch pension manager MN Services has named Wouter Pelser as co-head of asset management in a bid to enhance efficiency.
