Investor Strategy – Page 257
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Crédit Agricole wins Italian institutional brief
ITALY – The Milan based Italian arm of French group, Crédit Agricole Asset Management (CAAM), CAAM Sgr, has won an index-linked structured equity mandate from Parma based insurance group, Po’Vita, The size of the mandate will be between €45m and €65m.....
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Willis Corroon buys Danish investment consultancy
DENMARK – London-based risk management and insurance advisory firm Willis Corroon has bought out DCG Consulting, the Danish advisory company, in a bid to target the country’s growing investment consultancy and unit-linked market....
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Country 'leaders' named in European pension awards
EUROPE – The first ever pan-European awards to recognise pension scheme excellence in investment and fund structure/administration has reached its preliminary stages by naming the ‘Country Leaders’ in each category before they go ahead to a glittering Brussels ceremony to find the continent’s most professional funds....
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HypoVereinsbank lands German chemical sector deal
GERMANY – The Munich based financial services group, HypoVereinsbank (HVB), is to set up and manage the new industry-wide German chemical workers pension fund, as reported by IPE-Newsline on October 4....
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Boots fund bond bias may herald UK trend
UK – The decision by the £2.3bn (e2.7bn) Boots group pension fund to switch to a 100% bond portfolio yesterday, as reported on IPE-Newsline, could signal the start of a trend amongst pension funds, but one that will be restricted to the UK, says Avinash Persaud of State Street....
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AXA IM creates new alternative assets division
UK/FRANCE - AXA Investment Managers (AXA IM) has created a new structured and alternative investment management (SAIM) division within the firm to house its structured and hedge fund businesses....
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Russell poaches Towers consultants for London team
UK – Frank Russell Company (Russell) has poached two new consultants from rivals Towers Perrin for its institutional investment services team in London....
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SEK17bn Telia scheme tests hedge fund strategy
SWEDEN - The approximately SEK17bn Farsta-based Telia pensionsstiftelse (pension fund) for Swedish telecommunications company Telia, has made a foray into hedge fund investing to test the waters for future allocations to the asset class....
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EC says directive is essential for single market
EUROPE - The proposed pensions directive is the most important part of the EC plan for a single market for financial services by 2005, said Jean-Claude Thébault of the EC at the EFRP/NAPF International Pensions Conference in Brussels...
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Nasdaq Europe names new CEO
UK – Nasdaq Europe has appointed Michael Sanderson as chief executive officer (CEO)....
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Only one in ten expect state pension to suffice
UK – Only one in ten adults in the UK expects to be able to live off the state pension, yet 39% have made no provision for their retirement, according to research undertaken by HSBC....
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Hermes Pensions joins Railtrack shareholder fight
Hermes Pensions Management (Hermes), the wholly owned investment manager of the UK’s BT pension scheme, has joined the Railtrack Shareholders’ Action Group, a coalition of Railtrack investors fighting for the interests of shareholders following the UK government's decision to force the firm into administration....
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Axa strengthens equity research
UK – Axa Investment Managers has added two new analysts to its equity research team in London. Both will cover financials.
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AXA IM confirmed as GIPS compliant
AXA Investment Managers (AXA IM) has been confirmed as compliant with GIPS - the Global Investment Performance Standards, as well as attaining the Association for Investment Management and Research’s (AIMR) PPS grade (Performance Presentation Standards)....
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Kottmann quits Complementa to go independent
SWITZERLAND - Felix Kottmann is leaving leading Swiss consultants Complementa after nine years with the St Gallen-based firm. Kottmann, who is a member of the executive committee, says: “After this time, I feel it is important to take a break and do something new. I think it is the ...
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Outsourcing management key trend on Continent
EUROPE – Institutional investors across continental Europe are increasingly outsourcing their asset management, according to the results of a soon to be published survey by Greenwich Associates(GA), the Connecticut based research and consultancy firm.
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Towers poaches two from rival William M.Mercer
UK – Benefits consultancy firm, Towers Perrin, has poached two business development consultants, Martin Good and Jason Kenny, from rival consultants William M. Mercer....
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Mercer: Government will legislate for trustees
UK – The government will legislate against pension fund trustees taking decisions unless they are ‘familiar’ with the issues concerned - as laid out in the Myners report, claims consultancy firm, William M. Mercer....
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Wassum in strategic alliance with Hewitt
SWEDEN -International consultants Hewitt Associates have formed a strategic alliance with Nordic advisers Wassum Investment Consulting, as part of its plans for global coverage.
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Stakeholder boosts private pension take up by 250%
UK – The take-up of private pensions in the UK has gone up by almost 250% since the government launched the stakeholder pension scheme initiative in April, according to Virgin Direct....