All IPE articles in July 2006 (Online) – Page 4
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Bavaria sets up pension fund for civil servants
GERMANY – Bavaria has become the latest German state to announce the creation of a pension fund for its civil servants in order to limit its pension costs.
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NAPF CEO Farnish quits for Barclays role
UK – Christine Farnish, chief executive of the National Association of Pension Funds (NAPF), will step down at the start of October to become public policy director at Barclays.
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London Pensions Fund Authority names new CEO
UK – The £3.5bn (€5bn) London Pensions Fund Authority has appointed Mike Taylor to take over from Peter Scales as chief executive.
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ABP transfers New York hedge fund team
GLOBAL – The €193.6bn Dutch civil service pension scheme ABP will next month transfer its New York-based hedge fund team to a newly established funds-of-funds outfit called New Holland Capital.
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IBM members fear €7.2bn pension fund sell-off
UK – Fears have emerged that computer giant IBM may decide to sell its £4.9bn (€7.2bn) UK defined benefit pension plan now it has returned to being fully-funded.
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FERI links with Compendeon as MD Leser quits
EUROPE – German consulting firm FERI Institutional Advisors has signed a cooperation deal with Compendeon of the Netherlands - while at the same time it has emerged that FERI managing director Hartmut Leser to leave.
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Bank of Ireland AM re-jigs investment structure
IRELAND – The Bank of Ireland Asset Management today announced a new investment business structure with the appointment of three managing directors – including former ABN Amro research head Chris Johns - to take over from outgoing chief investment officer Chris Reilly, who will retire next year.
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US banks report Q2 AUM, custody figures
US – Some of the largest US banking groups have released their latest assets under management and custody figures today with their second-quarter earnings reports.
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MLIM nabs SSGA’s O’Carroll
UK – Eilín O’Carroll, European product management head at State Street Global Advisors, has left to join Merrill Lynch Investment Managers’ product development team.
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SSGA sets up absolute returns trust company
GLOBAL – State Street Global Advisors says it is boosting its offering in the absolute return area with a new limited purpose trust company, various hires and a new licensing agreement.
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Germany’s Aba in new blast at portability plan
GERMANY – German occupational pensions association Aba has again blasted the EU’s planned pensions portability directive, arguing it is even less workable following amendments at the European Parliament.
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Continental the latest to set up pension CTA
GERMANY – Auto component maker Continental has become the latest member of the Dax-30 equity index to create an external fund known contractual trust arrangement (CTA) to finance pension liabilities.
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MLIM slows BlackRock momentum amid outflows
GLOBAL – BlackRock says its planned merger with Merrill Lynch Investment Managers has resulted in a “temporary” slowdown in its momentum.
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GSAM to get a third of PPF levy funds
UK – The Pension Protection Fund, the government’s pensions lifeboat, will assign roughly a third of its £140m (€205m) in initial levy funds to Goldman Sachs Asset Management, according to the PPF’s Business Plan 2006/2007.
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Pension institute director O'Connell steps down
UK - Alison O'Connell is to step down as director of the Pensions Policy Institute (PPI), the research organisation announced today.
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Kosovo fund names two asset managers
KOSOVO – The Kosovo Pensions Savings Trust (KPST) has appointed Schroders and ECM as fixed income managers.
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Lincolnshire scheme silent on BETonSPORTS
GLOBAL – At least one UK pension fund - Lincolnshire - may have lost out in the decline in share prices of online gaming companies following the detention of BETonSPORTS chief executive David Carruthers.
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London pension funds shun Olympic Village plan
REAL ESTATE - Cash to spend and an eye for the long term make pension funds the ideal investment partners to build the UK’s 2012 Olympic village, according to its real estate advisers – yet pension funds approached by IPE Real Estate indicated little or no interest.
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Germany: Riester urges pension for self-employed
GERMANY – Former labour minister Walter Riester has urged the government to make self-employed workers eligible for the private pension product that bears his name.
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Maher steps down as Pensions Board CEO
IRELAND – Anne Maher is due to step down resign as chief executive of Irish pensions regulator the Pensions Board after 10 years in the role.
