Investor Strategy – Page 210
-
News
Deutsche denies it plans to sell DeAM in UK
GERMANY - Deutsche Bank has poured cold water on speculation in London that it is on the verge of selling all or part of Deutsche Asset Management in the UK, stressing that its first priority is “to fix the business”.
-
News
ABN Amro AM lost almost 10% of staff in 2004
NETHERLANDS – ABN Amro Asset Management’s staff numbers fell almost 10% in 2004 amid a levelling off of assets under management.
-
News
Sanofi-Aventis’ pension chief Zamagna leaves
GLOBAL - Petra Zamagna, head of benefits finance and asset management for pension and saving plans at pharmaceuticals group Sanofi-Aventis, has stepped down as she prepares to leave the company.
-
News
UK's Turner warns on obesity and pensions
UK - The chairman of the Pensions Commission, Adair Turner, has warned that rising obesity could hit pension dependency ratios in the future.
-
News
Watson Wyatt & Co. benefits group profit slips
US – US-based Watson Wyatt & Co., which is merging with its European affiliate, saw profits at its benefits group slip more than five percent in the second quarter.
-
News
Ex-PGGM ALM specialist joins central bank
NETHERLANDS – Mohamed Lechkar, who worked on asset liability modelling at the E60bn Dutch health care scheme PGGM, has joined the central bank’s pension supervisory division.
-
News
IPE-QUEST: Dutch schemes tender GTAA, equities
NETHERLANDS – Two Dutch pension schemes have tendered separate Japanese equities and global tactical asset allocation briefs via IPE-Quest.
-
News
Anglo Irish launches Isle of Man schemes
ISLE OF MAN – Anglo Irish Bank’s Isle of Man pension arm says it has launched “tax neutral” plans for international executives and multinational firms.
-
News
Italy’s Espero to hit membership target by summer
ITALY – Fondo Scuola Espero, the state-backed pension fund for 1.1m school employees, is likely to hit its preliminary target of 30,000 members by next summer, according to one of its architects.
-
News
Russia softens reforms to calm public anger
RUSSIA – The government is to increase the monthly labour pension by an average 240 rubles (E6.6) as of March, the Health and Social Development Ministry announced.
-
News
State Street names Harbert’s successor at SSGA
GLOBAL – State Street Corp. has named William Hunt, who currently manages its largest client relationships, to replace Tim Harbert as chief executive of State Street Global Advisors.
-
News
Germany’s Metzler sees boom in master funds
GERMANY - A boom in so-called “master funds” should enable Germany’s Metzler Asset Management to grow its institutional assets under management in 2005 about as fast as they did in 2004, one of its executives says.
-
News
MP quizzes Swiss postal scheme
SWITZERLAND- A Swiss MP who last month questioned finance minister Hans-Rudolf Merz on the Pensionskasse Post postal scheme has said he is prepared continue the debate.
-
News
Watson Wyatt Ireland hires ex-E&Y economist
IRELAND – Watson Wyatt says it has hired a former chief economist at Ernst & Young, Paul Droop, to be a senior investment consultant in its Dublin office.
-
News
Campina scheme appoints fiduciary manager
NETHERLANDS - The pension fund of Dutch cooperative dairy giant Campina has appointed Goldman Sachs Asset Management as fiduciary manager of a €350m mandate.
-
News
France’s €5bn Cancava in scheme revamp
FRANCE – The €5bn pension fund Caisse Nationale d’Assurances Vieillesse des Artisans, Cancava, has appointed 10 equity managers amid a revamp which saw eight of its former managers dismissed over poor performance.
-
News
Shift to specialists slows down – Russell/Mellon
UK – The shift from balanced to specialist investment management, which has taken place among pension funds in the last 10 years, is slowing down Russell/Mellon says.
-
News
Asset managers call for pension tax consistency
EUROPE – There has been a new call for consistency in European pension taxation, this time in a report prepared by asset management industry figures.
-
News
BGI’s ALM head joins Pension Protection Fund
UK – Partha Dasgupta, head of asset/liability management at Barclays Global Investors, has joined the new Pensions Protection Funds as director of investment and finance.
-
News
Capital International ‘has more to do in Europe’
EUROPE – Ratings firm Fitch Ratings says reclusive US-based asset manager Capital International still has “further additions” to make to its European business.
