Investor Strategy – Page 261
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Northern Trust brings in new multi-manager heads
US/UK – Northern Trust Global Advisors, the groups’ multi-manager affiliate, has appointed Margaret Towle as chief investment officer (CIO) and Bill Huffman as chief operating officer (CEO), with both to be based in the US...
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Dutch funds start pooling talks for e5bn in assets
NETHERLANDS – Six Dutch pension funds due to move into shared offices in Rijswijk early next year have started investigations into the pooling of their assets in a move they claim could save them up to e2m per annum....
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Metzler receives 'aa' rating from Fitch AMR
FRANCE – Fitch AMR, the Paris based ratings company, has awarded a ‘aa’ rating to Frankfurt based Metzler Asset Management, which has some €9.5bn in assets under management....
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Swedish manager poaches FIS chief for US push
Stockholm-based asset manager Länsförsäkringar Kapitalförvaltning is beefing up its US operations by recruiting J Robert Bloom as head of its New York office.... And all the week's major people moves...
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Russell and Watsons win Irish reserve fund briefs
IRELAND - The Dublin based Irish National Treasury Management Agency (NTMA) has selected consultant Frank Russell to advise on the selection of investment managers for the e6.5bn National Pensions Reserve Fund (NPRF)....
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Mercer to build new fund for Johnson Controls
UK - Automotive and building supplies group Johnson Controls has appointed William M.Mercer to set up a new UK pension scheme for its approximately 3,000 employees....
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Russell get GIPS standards green light
UK – Multi-manager investment firm Frank Russell has been confirmed as compliant to both the UK Investment Performance Standards (UKIPS) and the Global Investment Performance Standards (GIPS) for its Dublin-based umbrella fund range....
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BGI picks up e200m Italian institutional mandate
ITALY – Barclays Global Investors (BGI) has received a significant boost in its push into the Italian institutional and retail market with the award of an e200m active tactical asset allocation mandate from one of the world’s oldest banks, the Fondazione Monte dei Pascha di Siena (MPS Foundation)....
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Sampo names new investor relations head
FINLAND/SCANDINAVIA – Jarmo Salonen has been promoted to head of investor relations at Helsinki based financial services group Sampo, from September 1...
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EAMA questions EU legislators on indexation
EUROPE - The European Asset Management Association (EAMA) has published a collection of essays questioning European Union legislators’ approaches to the indexation of investments....
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Sweden's AP2 and AP3 funds make top level hires
SWEDEN – The government pension buffer funds AP2 and AP3 have made a number of top level appointments to their in-house investment teams....
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Mellon to consolidate in new European HQ
UK/EUROPE – Pittsburgh based Mellon Financial is planning to open a new European headquarters in London by the end of 2003....
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UK finance directors pledge support for Myners
UK – Nearly two thirds (64%) of finance directors of some of the largest UK companies ‘broadly’ support the proposals of the Myners report on institutional investment in the UK, according to a survey commissioned by Barclays Global Investors (BGI)....
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UK £20bn electric fund in huge reorganisation
UK – The £20bn (e33.1bn) industry-wide occupational retirement plan for 26 electricity companies, Electricity Supply Pension Scheme (ESPS), has reorganised some £2.1bn of its assets....
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US managers not waylaid by markets, says Mercer
US - Despite the current worldwide down turn of the stock markets, US investment managers are largely staying on course rather than changing their business strategy, according to a recent survey by consultants William M Mercer....
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Washington launches new European hedge fund
EUROPE – Adrian Farthing has been appointed by the Washington Financial Group to manage its new European hedge fund targeted at European, UK and US offshore institutional investors and funds of funds....
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Dutch pension giant appoints State Street
NETHERLANDS – The e150bn public sector pension fund ABP has appointed State Street to provide investor services and global securities lending for US$21bn (e24.5bn) in US and Japanese assets.
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First merger in Polish pensions market announced
POLAND – The first merger of two pension fund management companies in the fledgling Polish pensions market has been approved with the tie up of the Invesco/Polish church venture ARKA-INVESCO and Pocztowo-Bankowe PTE, the pension operation of the Polish post office Poctza Polska and BNP Paribas and its French insurance ...
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BMW enters investment fund field with Russell
GERMANY – BMW Bank, the financial services arm of German car manufacturer BMW, has entered investment fund business with a range of international multi-manager funds, offered through Frank Russell Company, starting on Jul 30.
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Finnish supervisory body names new MD
Jukka Rantala has been named managing director of the Finnish Central Pension Security Institute (ETK), the supervisory body of earnings-related pensions.... And all the week's major people moves...
