All IPE articles in July 2006 (Online) – Page 6
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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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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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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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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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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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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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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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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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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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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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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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Interpolis-Achmea CEO Van der Pol steps down
NETHERLANDS - Kick van der Pol, chief executive of the merged Dutch pension insurer Interpolis-Achmea, is to step down on October 1, Interpolis has announced.
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West Midlands tenders currency mandates
UK – The £6.6bn (€9.7bn) West Midlands Metropolitan Authorities Pension Fund is tendering two new briefs – one currency alpha mandate and an active specialist currency overlay mandate.
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Hewitt’s Nilsson joins Sweden’s KP Pension
STOCKHOLM – The SEK50bn (€5.4bn) Swedish co-operative pension foundation KP Pension & Försäkring says it has hired Hewitt Associates consultant Björn Nilsson as its new head of marketing.
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IPE-QUEST: Middle East company re-tenders debt
GLOBAL – A Middle Eastern investment company has re-tendered a global developed markets debt brief via IPE-Quest.
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Heissmann tapped for Austria DC tender
AUSTRIA – A legal counsel group tied to Austria’s justice ministry has asked pension consultant Buck Heissmann to find a provider of a defined contribution scheme for its 370 employees.
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Irish reserve fund posts negative Q2 returns
IRELAND – The €16.3bn National Pensions Reserve had a negative investment return of almost 4% in the second quarter of this year – although it was up in the first six months.
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Gist-Brocades, DSM-Chemie funds in €5bn merger
NETHERLANDS - The Gist-Brocades and DSM-Chemie pension funds are to merge, creating a fund worth more than €5bn.
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IPE.com relaunches for better navigation, access
GLOBAL – IPE.com, the leading pensions and investments website, is being relaunched to improve navigation and speed up access.
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Negative returns at Dutch transport, postal funds
NETHERLANDS - The Spoorwegpensioenfonds SPF has booked negative returns of -2.5% during the second quarter of 2006, the €11.1bn scheme reported.
