Investor Strategy – Page 248
-
News
Fortune AM beefs up marketing team
UK– London-based alternative asset management group, Fortune Asset Management, has appointed Peter Arkell and John McDonald as directors within its marketing team in London.
-
News
Number of DC schemes in Ireland surges
IRELAND- Defined contribution pension schemes remain in the ascendancy in Ireland according to the annual report from An Bord Pinsean, the pensions supervisor and regulator.
-
News
AP2 issues equity mandates worth $5.4bn
SWEDEN – The Gothenburg-based $13.5bn (€13.6bn) second Swedish national pension fund, AP2, has issued a RFP for managers for various European, North American, Asia-Pacific ex-Japan, Japanese and global equity mandates, worth a collective $5.4bn.
-
News
DKW raids Deutsche's securities lending team
UK/US– Dresdner Kleinwort Wasserstein (DKW) has poached four more members of Deutsche Bank’s agency securities lending team in order to build up its own new securities lending division.
-
News
Watson Wyatt's Stockholm head leaves for Nordea
SWEDEN – Johan Sidenmark has left Watson Wyatt Worldwide’s Stockholm office nine months after joining the benefits and investment consultancy from rivals Mercer Human Resource Consulting.
-
News
Valeiras quits Morgan Stanley for Applegate CM
UK – Morgan Stanley Investment Management in London has announced that Horacio Valeiras, head of its global core equity team, has left the company to join San Diego-based Nicholas Applegate Capital Management as chief investment officer.
-
News
Sandler review outlines need to slash red tape
UK- A long-awaited report into the UK’s savings market has delivered a harsh verdict on an industry it says is expensive, overly-complicated and inefficient.
-
News
State Street names UK relationship management head
UK- State Street Corporation has appointed Paul Chapman to serve as head of relationship management and strategic marketing for its UK operation.
-
News
Bosch launches new supplementary fund
GERMANY – Stuttgart-based household appliance manufacturer Robert Bosch has launched a new supplementary pension fund for its 102,000 domestic workers. The company is awaiting regulatory approval from the German federal financial services supervisory board, BAFin.
-
News
Parliament to hold hearing on financial regulation
EU- The European Parliament’s economic and monetary affairs committee is holding a public hearing on the supervision of financial services next Tuesday in the wake of the Enron and WorldCom collapses.
-
News
Gartmore appoints director for UK clients
UK- Geraldine Wright is joining Gartmore as an account director for UK institutional clients, a role that sees her responsible for a number of pension fund clients. Wright will report to head of client services Elaine Gordon and will work closely with both the client service and investment management teams.
-
News
Willis joins forces with ABN Amro and Alfred Berg
DENMARK- Benefit consultant Willis Denmark has signed an agreement with Alfred Berg and ABN Amro Asset Management in a move that gives its unit link clients access to tactical and strategic asset allocation. Willis says the agreement is designed to offer a more comprehensive and sophisticated product.
-
News
Less than 40% of UK DB schemes remain open
UK- The predicament of generous final salary pensions may be worse than previously estimated according to new research that suggests fewer than four out of ten final salary schemes remain open to new members.
-
News
BGI launches two active corporate bond funds
IRELAND/UK- Barclays Global Investors (BGI) has launched two actively managed corporate bond funds: the Ascent UK All Stocks Corporate Bond Fund and Ascent UK Long Corporate Bond Fund. Institutional investors have already committed £177m (e277m)- £38m to the former and £139m to the latter.
-
News
New Star hires HSBC's head of alternatives
UK- New Star has hired HSBC’s head of alternative investments Charles Tritton to run its hedge fund business which currently has $700m under management.
-
News
Moon joins LPFA in independent advisor role
UK- The £3bn London Pension fund Authority has appointed its second independent advisor in three months following the publication of Paul Myners’ report.
-
News
Prudential to manage e700m corporate bonds for AP3
SWEDEN- Sweden’s AP3 fund has appointed the US-based investment manager Prudential to run an active Sek6.4bn (e700m) corporate bond mandate.
-
News
Equitable fiasco leaves AVC market in turmoil
UK- The market for additional voluntary contributions (AVCs), the system allowing scheme members to top up their occupational pensions, is in turmoil according to a new survey from the consultants Hewitt Bacon & Woodrow.
-
News
FEFSI names Mansfeld as new president
EUROPE / GERMANY - The Brussels-based Fédération Européenne des Fonds et Sociétés d'Investissement (FEFSI), the pan-European federation of investment managers associations and companies, has appointed Wolfgang Mansfeld as its new president.
-
News
Ecofin approves occupational pensions directive
LUXEMBOURG/EU- European finance ministers have accepted a compromise position on the EU occupational pensions directive in a move that will finally enable companies to launch pan European funds.
