All articles by Jonathan Williams – Page 127
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NewsBlackRock's Q2 assets under management plummet by 6%
GLOBAL – Assets under management at BlackRock, the largest asset manager in the world, fell by 6% to $3.1trn (€2.4trn) in the second quarter, sending its shares down by nearly 5% today.
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UK Roundup: The Pensions Regulator, ITN, Shropshire
UK – The Pensions Regulator has published new guidance on index-linking to the consumer price index (CPI) that could see pension schemes forced to pay their deficit sooner than previously agreed.
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NewsContributions for FTSE100 executives three times higher than for FTSE250
UK – Pension contributions for FTSE100 executives are three times as high as those paid for their FTSE250 counterparts, figures by Lane Clark & Peacock (LCP) reveal.
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NewsWednesday people roundup
GLOBAL – Pension Corporation, UBP Asset Management, Threadneedle, Mirae Asset Global Investments, Mercer, AllianceBernstein, Scottish Widows Investment Partnership, Osmosis Investment Managers, Kommalpha Institutional Consulting, Sacker & Partners
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NewsCanadian pension fund bids to buy UK engineering group
GLOBAL – The $127.6bn (€92bn) Canada Pension Plan Investment Board (CPPIB) has made a bid for UK engineering group Tomkins.
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NewsIPE Quest: Investor targets EMEA equities
IPE QUEST – A European institutional investor is looking to hire a suitable manager for its EMEA equity mandate, using IPE Quest.
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NewsHewitt Associates to acquire US-based EnnisKnupp
GLOBAL – Hewitt Associates has agreed to acquire US-based investment consulting company EnnisKnupp & Associates for an undisclosed sum.
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NewsIslington tenders £200m passive equity and fixed income mandate
UK – Islington Council is seeking an equity and fixed income manager for its £531m pension fund.
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NewsThird of Dutch employers do not see future in DB schemes
NETHERLANDS – A third of Dutch employers do not expect their company's defined benefit (DB) scheme to exist in 10 years, according to a study by PricewaterhouseCoopers (PwC).
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NewsUK Pensions Regulator rejects Uniq funding proposal
UK – The UK Pensions Regulator (TPR) has rejected a funding proposal put forward by food group Uniq to solve its £436m pension deficit.
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NewsJeyes appoints SEI as fiduciary manager for pension funds
UK – Jeyes has appointed SEI as fiduciary manager for both of its pension funds, with combined assets of £24.6m.
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JPMAM launches product aimed at smaller pension schemes
UK – JP Morgan Asset Management (JPMAM) has launched a segregated account aimed at making alternative investments more accessible to smaller and medium-sized pension funds.
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NewsBlackRock names head of portfolio management, promotes COO
GLOBAL – BlackRock, the world's biggest asset manager, with €2.3trn worth of assets under management, has promoted its former head of international business Rich Kushel to head of portfolio management.
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European roundup: Alitalia, Hewitt, EFAMA
EUROPE – Alitalia has announced detals of a buy-in by the Pension Insurance Corporation (PIC), while Hewitt said funding ratios in both the UK and mainland Europe had fallen sharply over the last quarter, and The European Fund and Asset Management Association (EFAMA) announced UCITS had seen strong net outflows in May.
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NewsLinking UK pensions to CPI could create investment 'mismatch'
UK – Linking private sector pensions to the consumer price index (CPI), rather than the retail price index (RPI), could cause a "mismatch" of investments versus liabilities, Nigel Peaple of the National Association of Pension Funds (NAPF) has cautioned.
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NewsGartmore shares slump on news of Guillaume Rambourg resignation
UK – Guillaume Rambourg, European equity manager at alternative asset management company Gartmore, has resigned amid an ongoing Financial Services Authority (FSA) investigation.
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NewsUK may not issue CPI-linkers for 18 months: Redington
UK – It may take the UK's Debt Management Office (DMO) up to 18 months to issue consumer price index (CPI) linked bonds that comply with recently announced CPI-linking of pensions, Robert Gardner of investment consultancy Redington has warned.
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NewsSurvey of fund managers sees European economy weaken over next year
EUROPE – Almost half of European fund managers now predict the region's economy will weaken over the next year, according to Bank of America Merrill Lynch's monthly Fund Manager Survey.
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NewsWebb: UK government aiming to start auto-enrolment as planned
UK – UK pensions minister Steve Webb has reaffirmed the government's commitment to the National Employment Savings Trust (NEST) and said the current review of the system would not cause delays to its launch.
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NewsIcelandic pension funds recover from financial crisis, says OECD
GLOBAL – Pension funds reported strong returns last year, with Icelandic funds recovering all losses made during 2008, according to a report by the Organisation for Economic Co-operation and Development (OECD).
