Investor Strategy – Page 226
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News
Philips pension fund moves away from equities
NETHERLANDS - The 12.5 billion-euro Dutch pension fund of electronics company Philips is targeting an allocation of 38% equities in 2004 - down from 46% in 2002.
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IPE Awards to be held in Zurich in November
EUROPE - IPE has announced the IPE Awards 2004 will be held in Switzerland at Zurich’s Kongresshaus on November 30.
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CIOs see 32% rise in hedge fund assets
EUROPE – The chief investment officers at European and US investment managers expect a 32% rise in hedge fund assets under management in the next year, according to a new survey.
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Covip satisfied with new regulatory proposals
ITALY – Pension regulator Covip has expressed satisfaction with the government’s new plan to set up an authority for the protection of savers and investors that, contrary to previous hints, will not see Covip submerged.
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State Street sees “work to do” in Europe on GSS
EUROPE – State Street says it still has “work to do” on integrating the Global Securities Services business it bought a year ago – but insisted the integration was going well.
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Henderson, UBS under scrutiny as Warwick revamps
UK - Warwickshire County Council‘s 660 million-pound (966 million-euro) pension scheme is restructuring - looking for new asset managers and a single global custodian.
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UK's Lincoln awards global custody to J P Morgan
UK - The 650 million-pound (952.1 billion-euro) pension fund of Lincolnshire County Council has awarded a global custody mandate to J P Morgan Investor Services.
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Netherlands: Hermes hires ex-SPF CEO de Koning
NETHERLANDS - London-based pension fund manager Hermes has hired former Dutch railway pension fund executive Peter de Koning.
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Standard Life Investments names acting CEO
UK – Standard Life Investments has named its chief investment officer Keith Skeoch as acting chief executive following Sandy Crombie’s appointment as CEO of the parent company.
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ABP explains reasons for sticking to asset mix
NETHERLANDS – A top manager at the Dutch civil service pension fund ABP has expanded on the reasons why the 150 billion-euro fund has stuck with its long-term asset allocation.
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Wolters Kluwer pension director van Schie retires
NETHERLANDS – Cees van Schie has retired as director of the 500 million-euro Dutch pension fund of publishing firm Wolters Kluwer.
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Denmark’s PKA awards US small-caps to Russell
DENMARK - The €9.7bn pension administration company Pensionskassernes Administration has awarded Russell a US small-cap equities mandate worth around $140m (€110m)
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OECD to launch pension supervisors association
EUROPE - The Paris-based Organisation for Economic Cooperation and Development's Private Pensions Working Party is to launch a new pension supervisors association in July.
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Watson Wyatt hires Deloitte’s Gavanou
FRANCE - Watson Wyatt has hired Jean-Francois Gavanou from Deloitte & Touche’s Paris office as a senior consultant.
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MLIM sees European institutional outflows
EUROPE – Merrill Lynch Investment Managers saw outflows from its European institutional business in the fourth quarter, according to its parent company’s latest earnings report.
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Tremonti mulls pension regulation revamp
ITALY - Finance and economy minister Giulio Tremonti has floated the idea of a “super authority” that would handle pension and other market regulation.
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Dutch pension fund coverage ratio talks underway
NETHERLANDS - Negotiations about the implementation of a new pension law in 2004 are reaching their final phase.
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Robeco names Goris as pan-Europe sales head
NETHERLANDS – Robeco has named Ger Goris as head of sales and distribution, a new role.
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Goldman Sachs AM sees liability-based mandates
EUROPE – Goldman Sachs Asset Management says it sees demand for mandates that take account of liabilities.
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Germany eyes civil service pension contributions
GERMANY – The interior ministry has confirmed that it is looking at raising civil service pension contributions.
