Investor Strategy – Page 264
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UK LPI bond market has £100bn pensions potential
UK – The corporate limited price indexation (LPI) bond market in the UK has the potential to grow to around £100bn (e161bn) as pension funds seek investments to match their inflation-linked liabilities, according to consultant Watson Wyatt....
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Fidelity takes advisor path to German institutions
GERMANY – Fidelity Investment Services is to beef up its institutional investment presence in Germany and Austria by growing its advisory business through its Frankfurt office, according to recently appointed director of institutional business, Olaf John....
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Clerical Medical gets £100m Isle of Man leg up
UK – The Isle of Man Treasury has appointed Clerical Medical Investment, part of the Halifax Group, to manage a £100m (e160m) active balanced mandate...
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Sampo/Mandatum to fuse fund management business
FINLAND - Following the merger of financial services groups Sampo (formerly Sampo-Leonia) and Mandatum Bank, the new company is fusing its fund management businesses to create one of the largest institutional asset managers in the country....
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Swiss funds beat benchmarks for 2000
SWITZERLAND - Swiss pension funds in the ASIP/Watson Wyatt performance universe managed to outperform two of their three performance benchmarks in 2000….
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Zurich Scudder appoints new European strategy head
Colin Robertson has been appointed as European head of global strategy at Zurich Scudder Investments...
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French companies shift to long-term savings plans
FRANCE – Almost a third of French employers are currently considering the adoption of long-term employee savings plans under new regulation passed in February...
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Chambers named global CIO of Gartmore/Villanova
UK/US – Peter Chambers, chief investment officer (CIO) at Gartmore, has been appointed global CIO of the newly combined investment division of London based Gartmore and the US manager Villanova Capital....
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One in six UK firms have no plan for stakeholder
UK – One in six British small and medium sized enterprises (SMEs) say they are unsure or have no intention of offering their staff access to a stakeholder pension scheme, despite the possibility of being fined up to £50,000 (e80,000)...
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VB predicts industry scheme flight to passive
NETHERLANDS – Dutch pension funds may be forced to adopt increasingly passive investment strategies or conversely take undue investment risks if the five-year period of performance testing for the Z-score is not extended....
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SEI gets £50m Man B&W Diesel injection
UK – Manager of managers firm SEI Investments has picked up its third UK mandate win with an appointment from the pension fund of MAN B&W Diesel to manage a potentially £50m (e81m) plus multi-manager portfolio....
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Allianz/Dresdner could create e1trn asset manager
GERMANY - The proposed merger between Allianz, Germany’s largest insurance company and Dresdner Bank, could create an investment management powerhouse with almost e1trn in assets under management, according to sources close to the deal....
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JP Morgan recruits Mercer institutional specialist
UK – JP Morgan Investor Services has appointed former Mercer institutional specialist, Richard Dinham, as an investment consultant, in a bid to boost the group’s Europe, Middle East and Africa performance, analytics and consulting division...
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German private equity market's e600bn boost
GERMANY - The German private equity market will receive an injection of some e600bn from next January on the back of tax reforms that will abolish capital gains tax (CGT), according to a new report by Commerzbank Securities...
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Guernsey funds business grows despite threats
GUERNSEY – Guernsey fund managers have recorded relatively healthy growth in hedge fund and fund of funds business for 2000, despite threats to the industry posed by outside bodies such as the OECD and the general increase in competition from other offshore jurisdictions...
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AEU engages with FIS for £60m mandate
UK – AEU, one of the two pension schemes of the Amalgamated Engineering and Electrical Union (AEEU), one of the largest UK trade unions, has appointed Friends Ivory & Sime (FIS) to a £60m (e96m) multi-asset mandate for its super-annuation and assurance scheme...
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PPM system to receive half a million new entrants
SWEDEN – Almost half a million new entrants will join the SEK18-20bn (e2-2.2bn) state premium pension system (PPM) at the end of May, more than doubling the earlier estimate of 200,000 new members....
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Deutsche appoints D'Amore to drive Italian sales
ITALY – Gennaro D’Amore has joined Deutsche Asset Management’s Rome office as vice president of institutional sales in the bank’s effort to expand business in the country...
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80% of French and Germans say pensions are at risk
EUROPE – More than 80% of French and Germans think that in 10-15 years their domestic pensions system will not be able to pay full benefits in the light of future demographic imbalances, according to a study by three leading European academics…
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SEI has right chemistry for £18m Meconic scheme
UK – Manager of managers firm SEI Investments has been awarded the mandate to run the £18m (e29m) assets of the pension fund of Meconic – a specialist manufacturer of pharmaceutical ingredients and chemicals...
