All articles by Jan Wagner – Page 33
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Features
Risk, return and pension funds
When it comes to economic policy, there is much to criticise about the centre-left government of German Chancellor Gerhard Schröder. Despite an unemployment rate not seen since the 1930s – namely around 5m – Schröder’s government is still not doing enough to make Germany’s labour market more flexible. Schröder’s government ...
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News
German asset managers get governance code
GERMANY - A committee headed by well-known finance expert Professor Wolfgang Gerke has unveiled a new corporate governance code for asset managers active in Germany.
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Germany’s Heidelberg to supplement pensions
GERMANY – Printing machinery firm Heidelberg Gruppe, is to provide its 12,000 employees in Germany with a supplement to their company pension in exchange for their agreeing to work more overtime over the next five years.
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Germany could issue 50-year bonds, sources say
GERMANY – A German 50-year government bond could come in the future, despite official denials that Germany has no immediate plans to issue longer dated bonds, sources say.
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Germany’s EnBW to cut managers in €3.8bn revamp
GERMANY - Energie Baden-Württemberg (EnBW), Germany’s third largest energy firm, is planning a sweeping revamp to its €3.8bn in corporate pension assets.
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DeAM declines comment on latest reports
GERMANY - Deutsche Asset Management in the UK has declined comment on a report that the asset management arms of Lloyds TSB, BNP Paribas and Old Mutual have expressed an interest in buying it.
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Deutsche announcement on DeAM seen delayed
GERMANY - Deutsche Bank is not expected to announce a decision on the possible sale of Deutsche Asset Management in the UK until early next month.
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Germany freezes state pension for 20m people
GERMANY - The German government has approved an ordinance that, for the second consecutive year, bars an increase in the state pension drawn by around 20 million people in Germany.
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Austria’s NÖVK scheme taps GES for SRI
AUSTRIA - Niederösterreichische Vorsorgekasse, a two-year-old Austrian pension fund serving 100,000 employees, has hired GES Investment Services for socially responsible investment consulting.
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Allianz hedge arm eyes €2.5bn in assets
GERMANY – Allianz’s hedge fund group, Allianz Hedge Fund Partners, says it expects to raise its assets under management to €2.5bn in the short term amid growing institutional investor demand for hedge funds.
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Allianz Dresdner Pensionsfonds gets boost
GERMANY - Allianz-Dresdner Pensionsfonds, one of Germany’s new equity-oriented pension vehicles, says its occupational pensions business improved dramatically in 2004.
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Deka's new CEO promises €500m of support to property arm
Deka Bank’s new chief executive has promised to invest another €500m if needed to support its troubled real estate fund caught in the middle of a fraud investigation, after the resignation of the former CEO on Thursday night.
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CSAM appointing new German sales head after CEO move
Crédit Suisse Asset Management has appointed Claudia Blumenthal as its new German head of retail and institutional fund distribution, effective immediately.
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DeAM unveils ambitious multi-manager plans
GERMANY - In a much anticipated move Deutsche Asset Management (DeAM) has unveiled its plans to launch multi-manager funds for the German-speaking institutional market and has ambitious growth targets despite slow sales at rivals.
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DeAM's Benkner takes charge of fund business
GERMANY - Axel Benkner, chief executive of Deutsche Asset Management in continental Europe, has taken over the additional responsibility as head of DeAM’s global investment fund business.
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News
German regulator misses out in EU directive
GERMANY - European pension funds looking to do business in Germany in the future will not be regulated by BaFin, the German financial services regulator, according to excerpts of a government draft law that transposes the EU pension funds directive.
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Universal unveils CTA for pensions
GERMANY - German fund administrator Universal-Investment plans to introduce contractual trust arrangements, which let firms create an external fund to finance their pension liabilities.
