Investor Strategy – Page 264
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European property figures hold up strongly
SWEDEN/IRELAND – Swedish property returns rose strongly in 2000, while Irish property assets retained their strong performance levels, according to figures published by the London based property index provider, Investment Property Databank….
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Schroders bags £70m property brief
UK – Suffolk County Council (SCC) has awarded a £70m (e112m) domestic indirect property mandate to investment manager Schroders...
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European pension fund awards ceremony announced
EUROPE - Investment & Pensions Europe Magazine (IPE) – parent magazine to IPE-Newsline.com, has announced the first awards ceremony specifically for Europe’s pension funds, with the aim of setting an industry benchmark for excellence in scheme management....
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Hedge fund adviser appoints European head
UK/EUROPE – Melissa Miller has been appointed as head of European client relations at alternative investment adviser Tremont TASS Europe….
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Top man at Norwegian petroleum fund to retire
NORWAY – Leif Eide, a key figure in the development of the current investment strategy at Norges Bank, the central bank of Norway, is to retire from his position as foreign financial investments adviser to the governor of the bank....
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Delays expected on European pensions directive
EUROPE – The European directive on supplementary pensions may not be ratified by the Parliament until the end of the summer, following a delay in the adoption of the Karas report in the European Monetary Affairs Committee (EMAC)....
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Aberdeen buys Swedish property outfit Celexa
UK/SWEDEN – Swedish pension insurance company Alecta (formerly SPP) is selling its property management firm, Celexa Group, to Aberdeen Asset Management....
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Italian pension funds grow by 124% in one year
ITALY – Total assets under management within Italy’s sector-wide and open pension funds increased by a massive 124% from the end of 1999 to the end of 2000, according to figures just released by Italian regulator, Commissione di vigilanza sui fondi pensione (COVIP)….
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Norwegian authority tenders for NOK800m mandate
NORWAY - The local authority of Larvik has sold its shares in power companies Lardal og Larvik Everk and Vestfold Kraft in order to invest NOK800m (e99m) in the market and is now looking to outsource its domestic investments….
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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....
