Investor Strategy – Page 239
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Irish exchange chief sets up investment consultancy
IRELAND – The chairman of the Irish Stock Exchange has launched a new investment consultancy called Acuvest.
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UK teachers’ pension scheme in technology move
UK – The UK’s second largest pension fund, the Teachers Pension Scheme, is to get access to a range of mobile technology via an outsourcing deal with services firm Capita Group.
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HSBC Asset Management hires AXA investment chief
UK – The global chief investment officer of AXA Investment Managers, Chris Cheetham, has left to take up the same role at HSBC Asset Management.
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Asset managers “not voicing concerns
GERMANY – Klaus Moessle, president of the European Asset Management Association, has criticised asset managers for not voicing concerns about asset allocation with their pension fund clients.
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Actuaries see “disturbing” UK final salary data
UK – The Association of Consulting Actuaries says that almost three-quarters of UK final salary pension schemes are now closed to new entrants – a state of affairs it calls disturbing.
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Finnish fund tenders for Asia Pac equity managers
FINLAND – The e12bn local government pensions institution responsible for pension cover of Finnish municipal employees has put out to tender an Asia Pacific ex Japan equities mandate worth up to e200m.
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Fund managers see little value in bonds
GLOBAL – Only 4% of fund managers believe that there is any value left in bonds, according to a survey conducted by Merrill Lynch.
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New name in German investment consulting
GERMANY – There’s to be a new name in the German investment consulting market – FondsConsult Institutional
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CDC hires Ofivalmo head for equities
FRANCE – CDC Ixis Asset Management has appointed a former board member of Ofivalmo as its head of European and emerging equity investments.
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BGI unveils corporate bond ETF
EUROPE – Barclays Global Investors is to launch Europe’s first corporate bond exchange-traded fund, through its partner iShares plc.
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CoreRatings hires ex-Morley SRI head
UK – Socially responsible investing consultancy CoreRatings, which is part of the same group as Fitch Ratings, has named Anne-Maree O'Connor as its new head of research.
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UK pension trustees set to challenge managers
UK - A survey of pension funds has found that trustees are becoming more likely to question their investment managers over transaction costs and activism.
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UK’s Windsor tenders up to e115m equity mandate
UK – The UK borough of Windsor and Maidenhead is putting out to tender a mandate of between 50 million and 80 million pounds (72-115 million euros) to be invested in global equities for its 800 million pound (1.1 million euro) pension fund.
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Unigestion swings to profit, goes private
SWITZERLAND - Swiss alternative investments firm Unigestion – reporting a swing to profit in 2002 - is to take itself into private ownership.
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Dutch pension funds buy e20bn of equities
NETHERLANDS – Dutch pension funds bought eight billion euros worth of bonds and 20 billion euros in equities in 2002, according to government statistics.
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UCITS now 78% of European fund market
BELGIUM – UCITS, or Undertakings for Collective Investment in Transferable Securities, now account for almost 78% of the European investment fund market, according to new data from the European Federation of Investment Funds and Companies, FEFSI.
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UK e1bn council pension fund names actuary
UK – The 700 million pound (1.02 billion euro) Dorset Council Pension Fund in southern England has appointed a subsidiary of South Africa’s Sanlam to provide actuarial services.
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ECB rate cut raises pressure on pension funds
EUROPE – The European Central Bank’s quarter-point rate cut today is likely to increase the pressure on pension funds, analysts said.
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Pioneer to offer hedge funds in UK
UK – Pioneer Investments, UniCredito’s fund management arm, is to offer its range of hedge funds to UK institutional investors.
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Io Investors makes hires in UK push
UK – Manager of managers firm Io Investors, part of South African financial services group Sanlam, has hired Old Mutual’s head of research as part of a UK push.
