All IPE articles in July 2006 (Online) – Page 7
-
News
Asset management M&A hits record – report
GLOBAL – The sale of asset management businesses worldwide in the first half of 2006 hit the highest level ever, according to a new report.
-
News
Activest CEO Fehrenbach resigns
GERMANY – Andreas Fehrenbach, chief executive of German asset manager Activest, has resigned to make room for Dominik Kremer, the German head of Pioneer Investments, as part of Pioneer’s full absorption of Activest this autumn.
-
News
Dutch finance regulator to leave early
NETHERLANDS – Arthur Docters van Leeuwen, chairman of market and pensions regulator De Autoriteit Financiële Markten, may leave his post earlier than expected to pursue a political career.
-
News
KPMG replaces E&Y at BA pension scheme
UK – KPMG has taken over as auditors at British Airways’ €14bn New Airways Pension Scheme from Ernst & Young – severing a link with the company’s own auditor.
-
News
Oppenheim asset chief Borgmeier quits for rival
GERMANY – Bernd Borgmeier, co-head of Sal. Oppenheim’s asset management arm, has stepped down to join rival M.M. Warburg.
-
News
Bromley hands CAAM €58.5m in absolute returns
UK – The £320m (€468m) London Borough of Bromley Pension Fund has awarded Crédit Agricole Asset Management a £40m (58.5m) absolute return mandate.
-
News
Eureko to sue Polish govt as row escalates
NETHERLANDS – Eureko, the Dutch insurer which owns pensions firm Achmea, is to sue the Polish State Treasury for an infringement of its personal rights.
-
News
UK makes changes to pension assistance scheme
UK – The UK government is to change the administration of the much-criticised Financial Assistance Scheme for wound-up pension funds.
-
News
Forbo scheme names MN as investment manager
NETHERLANDS - The company pension fund of linoleum producer Forbo has selected MN Services as its new investment manager, MN has announced.
-
News
The Hague taps Aegon for levensloop scheme
NETHERLANDS - The city council of The Hague has chosen insurer Aegon to provide a life course (levensloop) pension arrangement for all of its 8,000 employees, Aegon announced.
-
News
€5.3bn Hoechst fund wary of alternatives
GERMANY – Hoechster Pensionskasse (HPK), the €5.3bn pension fund for companies that were part of the old Hoechst chemical conglomerate, says it is wary of investing in alternative asset classes currently due to what it perceives as weaknesses with the products.
-
News
HSBC nabs Russell's Glaze for manager research
GLOBAL - HSBC Investments says it has hired Russell Investment Group's Philip Glaze as its global head of manager research, a new role.
-
News
Legg Mason axes 410 jobs as clients pull $7bn
US – Legg Mason says it has axed 410 jobs following its acquisition last year of Citigroup Asset Management and the Permal Group.
-
News
IPE-QUEST: Dutch fund tenders Euro real estate
NETHERLANDS – A Dutch pension fund has tendered €50m-€60m in pan-European publicly traded European real estate via IPE-Quest.
-
News
Russell hires Mercer Global Investments chief
GLOBAL - Russell Investment Group has hired Mercer Global Investment’s US president Barry McInerney as director of client service.
-
News
Thurgau fund returns 11.5% in 2005
SWITZERLAND – Pensionskasse Thurgau (PKTG), a CHF2.2bn (€1.36bn) pension fund for civil servants in the Swiss canton of Thurgau, said it ended 2005 with a performance of 11.5% on its assets – on par with the average for other Swiss Pensionskassen.
-
News
New MD at Belgian broadcast pension fund VRT
BELGIUM – Hugo de Vreese, chief executive of the €374m Pension Fund for Statutory Personnel of Flemish public broadcaster VRT, has stepped down to be succeeded by Willy Wijnants.
-
News
FRR shrinks by €500m as returns turn negative
FRANCE – The Fonds de Reserve pour les Retraites, the French Pensions Reserve Fund, has shrunk by €500m amid negative returns in the most recent quarter.
-
News
IASB sets up pensions accounting review
GLOBAL - The International Accounting Standards Board has added post-retirement benefits, including pensions, to its latest research agenda.
-
News
Dutch pension fund members get more say
NETHERLANDS – The Dutch government is to amend the current Pension Law proposal to include a legal basis for pension fund members to have a role in the management of funds.
