Investor Strategy – Page 263
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New Star hires Goldsmith for offshore push
Philip Goldsmith has been appointed managing director of London based New Star International Investment Funds, and all other major people moves of the week
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Sweden's AP7 looks at alternatives
SWEDEN - The SEK14bn (e1.55bn) national PPM default fund Sjunde AP-fonden (AP7) is currently considering whether it can invest in alternative asset classes under the country’s PPM legislation, according to Peter Norman, managing director at AP7....
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Specialist mandate boom in UK but not Europe
UK/EUROPE – UK pension funds have increased the number of specialist investment mandates they use by a significant 31% over the last two years, although figures in Continental Europe have yet to follow suit with only a three per cent rise over the same period...
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Swiss hedge fund player targets Scandinavia
Hilton Supra, former marketing director for Europe at Axa Rosenberg Investment Managers, has joined specialist Swiss asset manager EIM Group as senior marketing manager for Scandinavia....
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Watson Wyatt hires specialist manager researchers
Consultant Watson Wyatt has pulled two investment managers on board as specialist manager researchers to the fund manager research team of its investment consulting practice, in a sign that pension funds are adopting increasingly complex investment structures....
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Deutsche Börse ETFs cover 70% of European market
GERMANY – Deutsche Börse’s exchange-traded funds (ETF) now cover almost three quarters (70%) of the European trade in the relatively new investment vehicles....
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87% rise in UK pensions allocation to venture
UK – Investment by UK pension funds in venture capital rocketed by 87% over the year 2000 to reach a level of £817m, according to the British Venture Capital Association’s (BVCA) annual investment activity report....
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Invesco appointed to £25m European and Asian brief
UK - The £120m pension fund for automotive components distributor Dana Spicer Europe, subsidiary of Dana Holdings, has appointed Invesco Asset Management to a £25m European and Far Eastern mandate...
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Dutch Origin fund in huge investment restructure
NETHERLANDS – The e400m Utrecht based pension fund of Dutch communications group Origin - the former IT subsidiary of electronics group Phillips - has undergone a mammoth investment restructuring, almost halving its exposure to Phillips owned asset manager Schootse Poort in favour of a range of specialist mandates....
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Ir£5bn reserve fund appoints Mercer for strategy
IRELAND - The newly created Ir£5bn (e6.35bn) National Pensions Reserve Fund, the war chest the government hopes will plug the future hole in its social welfare and civil service pension payments, has appointed consultant William M. Mercer to outline the fund’s future investment strategy....
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German DC 'AS-fonds' return 2% for 2000
GERMANY – AS-fonds, Germany’s third pillar DC savings plans returned an average of two-per cent last year in spite of the market turbulence, according to the Frankfurt based BVI funds regulator....
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Global pension assets could rise to $18trn by 2005
Global pension assets, which at the end of 2000 represented more than $12.2trn (e13.4trn) are forecast to grow to more than $18trn by 2005, according to figures from research corporation InterSec....
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Few Europeans in US international mandate awards
US/EUROPE – Only two of the top ten managers in international cross-border mandate wins from US tax-exempt pension plans last year were European, with both houses UK based, according to Deutsche Bank owned research group InterSec....
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Aberdeen buys property manager RREEF
UK/NETHERLANDS – Aberdeen Asset Management has bought property asset manager RREEF UK from RoProperty Holding, part of the Robeco group, increasing its property assets under management to £5.9bn....
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Finnish actuarial consultant expands services
FINLAND – Helsinki based actuarial consultancy and pension scheme administrator, Pensionservice (EPS) is to undergo a radical re-structuring to expand its services from May 1….
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PGGM leading strategist retires
NETHERLANDS – Marinus Keijzer, an adviser to the director of investments at Zeist based NLG110bn (e50bn) Dutch superfund PGGM is to take early retirement from the scheme....
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Europe should beware US patents says ISMA
EUROPE - European banks and securities houses may have to prepare for a more widespread, US-style, application of patent rights in the financial sector, according to a report by the Zurich based International Securities Market Association (ISMA)....
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Swedes fear pensions loss on retirement
SWEDEN – Almost one third (32%) of Swedish pension savers think that they are going to get only half, or even less, of their premium (PPM) and state pensions when they retire, according to a study by Stockholm based Sifo Research & Consulting....
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Austria's APK indexes $35m with Vanguard
AUSTRIA – The ATS22bn (e1.6bn) Vienna-based pension fund APK has reviewed its US equity strategy and dropped an undisclosed active manager in favour of a passive brief with US investment manager Vanguard….
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Van den Brink switches metalworkers funds
NETHERLANDS - Roland van den Brink, manager of acquisition and strategy with Rijswijk based Mn Services, the recently split fund management and administration arm of the NLG40bn (e18bn) Dutch metal and technical industries pension fund, BPMT, is to leave the group and take up the role of managing director at ...
