Investor Strategy – Page 257
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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....
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HSBC-CCF buys back Sinopia Asset Management
FRANCE - HSBC CCF Asset Management has begun to buy back the stake in Paris-based quant firm Sinopia Asset Management that it floated in 1998, with the purchase of over a million shares from Belgium’s KBC Group, Spanish bank BBVA and Mellon Financial Corporation for a price of e27.5 per ...
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Danish pension insurers in bonus reserve wipeout
DENMARK – PFA, the Danish insurance group has announced losses of some DKK 18.2 billion – completely wiping out the group’s bonus reserves and forcing it’s pensions arm into emergency talks with the Danish Financial Supervisory Authority - as a result of falling equity markets after the shock in the ...
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State Street hires new head of investor relations
State Street Corporation has appointed S. Kelley MacDonald senior vice president and head of investor relations....
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Swedish regulator issues insurer reserves warning
SWEDEN – The Swedish financial supervisory authority - Finansinspektionen(FI) has issued a warning about unsatisfactory reserves in six Swedish life insurance companies, adding that it will sharpen its supervision of these companies due to the recent falls in the stock markets.
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Pension fund property exposure up in Q2
UK – Insurance companies and pension funds increased their exposure to commercial property in the second quarter of this year, according to DTZ Research reporting on data published by National Statistics (NS), the UK’s official government statistical research body....
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Mercer urges calm amidst market storms
Consultant William M. Mercer is cautioning pension funds not to make hasty investment decisions in response to current market volatility....
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Hedge funds stay in the black despite US crisis
HEDGE FUNDS - The Crédit Suisse First Boston/Tremont (CSFB/Tremont) hedge fund index remains up 0.9% for August, despite a one-week delay attributed to the terrorist attack on New York two weeks ago....
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Europol scheme retenders for managers
NETHERLANDS/EUROPE – The e3.5m The Hague based Europol pension fund, the scheme for officials of Europe’s police organisation has reopened a tender for administration, investment management and risk coverage of the fund that it abandoned earlier this year after poor response from investment managers....
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Rodamco takes ABP to court over Westfield sale
NETHERLANDS – Rotterdam based Rodamco North America (RNA) is taking legal action against giant Dutch pension fund, ABP, following the sale of ABP’s 23.9% shareholding in RNA to Westfield Holdings, the large Sydney based international shopping centre development company.....
