All articles by James Mawson – Page 2
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Axa hires Nutbrown for new tactical asset allocation division
Axa Investment Managers has hired Kieron Nutbrown to take the new role of head of tactical asset allocation (TAA) under his old boss, Paul Griffiths.
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European pensions show modest Q3 returns
EUROPE - Two surveys on pension fund results have shown modest positive returns across Europe.
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UK's Pension Protection Fund picks directors
The UK’s safety net for bust pension funds has appointed five non-executive directors, including the chairman of the £17bn Electricity Supply scheme, which has previously been critical of government attempts to help.
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UK broker effectively closes DB scheme (Update)
(Updates, recasts) UK - Brewin Dolphin, a UK stockbrokers and private client portfolio manager, has effectively closed its defined benefit pension fund to new members and those under 55, just as its finance director has reached that milestone.
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CalPERS president in open war
US - A public spat has broken out at CalPERS, the world’s largest pension fund, as the president, Sean Harrigan, claimed he was to be ousted by political and corporate interests.
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BNP Paribas outsources its fund administration and middle office
FRANCE - BNP Paribas Asset Management has become one of the first French fund managers to outsource its middle office and fund administration operations.
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IMF adds voice to chorus wanting Europe to increase retirement age
EUROPE - The International Monetary Fund has added its voice to the growing number of calls for Europe to urgently raise its retirement age.
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Triago launches second-hand private equity arm
FRANCE - Triago, a Paris-based private equity adviser, has formed a separate arm to help institutions sell their assets in this sector.
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Pfizer’s Smith joins Marsh Mercer DB scheme
EUROPE – John H Smith, head of European pension investments at the 402 million-pound (610 million-euro) Pfizer Pension Scheme, has joined the 1.8 billion pound Marsh Mercer defined benefit pension scheme as director, corporate finance and investments.
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UK’s BOE warns on move to alternative assets
UK – The Bank of England has warned that long-term savings institutions’ search for yield and their move away from mature-economy equities towards alternative assets might lead to financial instability and abrupt asset price corrections.
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UK unions force DB reopening and private equity spat
UK – Union anger at closure of company defined benefit pension schemes has led to a reversal at Network Rail and a spat with private equity firm, CVC.
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PGGM gives Aegon its largest-ever win with €1bn
NETHERLANDS – The €55bn PGGM pension fund has given Aegon The Netherlands a €1bn mandate for European government bonds, its largest-ever win and a sign of a change within the investment management style of large pension funds.
