All IPE articles in June 2005 (Online) – Page 5
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Watson Wyatt European chiefs earn more than CEO
EUROPE – Senior figures at Watson Wyatt in Europe such as Roger Urwin and Paul Thornton earn more in combined salary and bonus than the firm’s chief executive John Haley, it has emerged.
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Hedge funds own 3.8% of UK market – SSGA
UK – State Street Global Advisors says it estimates that hedge funds own around 3.8% of the UK equity market.
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Deutsche hires UBS exec for hedge fund marketing
EUROPE – Deutsche Bank says it has hired a marketing executive from UBS as head of European distribution for its Deutsche Asset Management arm’s absolute return strategies unit.
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Mercer hires MLIM’s Williams for investment biz
UK – Mercer Investment Consulting says it has hired Cara Williams from Merrill Lynch Investment Managers in New York.
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Handbook flags directive’s impact on hedge funds
IRELAND – The European savings directive on the funds industry will have an impact on Hedge funds and hedge fund of funds, according to a handbook from Dublin- and London-based funds consultancy Carne Global Financial Services.
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Asset allocation decisive, Compendeon says
NETHERLANDS - A simple countries model as part of a tactical asset allocation model can be extremely useful for explaining and predicting returns, says Dutch management consultant Compendeon.
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US Prudential names international sales head
GLOBAL – Denis Chatterton has been named head of global sales and marketing for Prudential Financial’s International Investments business.
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Donald leaves Russell amid restructuring
UK – Scott Donald has stepped down as director of marketing for Europe Middle East and Africa (EMEA) at Russell Investment Group amid restructuring.
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Greek government U-turn on bank fund
GREECE - The Greek government has announced it will not help finance the intended single auxiliary pension fund for the banking sector. The decision has reopened a bitter political debate between employers, trade unions and the government.
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CDU/CSU sketches plans for pension reform
GERMANY -- The opposition parties that are expected to win Germany’s next general election have hinted that they would further reduce the state pension benefit if they form the next government.
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Lagarde leaves ING for ministerial post
FRANCE – Christine Lagarde has resigned as a member of ING Group’s 12-strong supervisory board, after only two months to become France’s new minister for foreign trade.
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Funds’ bond demand hitting interest rates – DNB
NETHERLANDS – The Dutch central bank and pensions regulator has said that pension fund demand for long-term bonds has put pressure on interest rates.
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IPE-QUEST: European scheme tenders €82.5m
EUROPE - A European pension fund has tendered an equity large-cap core mandate, worth up to $100m (€82.5m) via IPE-Quest.
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Ireland sees EU directive as “major opportunity”
IRELAND – The Irish Association of Pension Funds has signalled that the directive on occupational pension funds is a “major opportunity” for Ireland.
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IPE-QUEST – Danish fund tenders emerging markets
DENMARK – A pension fund in Denmark has tendered an emerging market bond mandate worth €50m via IPE-Quest.
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Hewitt Associates’ CFO DeCanniere quits
GLOBAL – Dan DeCanniere, chief financial officer at consulting firm Hewitt Associates, has resigned.
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MN Services changes management structure
NETHERLANDS – Dutch pension manager MN Services has named Wouter Pelser as co-head of asset management in a bid to enhance efficiency.
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Railpen hires former Lane Clark consultant
UK - Railpen Investments, which manages £15bn (€22.6bn) of pension assets for the UK rail industry, has hired a former consultant from Lane Clark & Peacock as senior investment manager.
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MEPs to write to Commission over directive
EUROPE - Two MEPs are to confront the European Commission over the failure by member states to properly implement the EU directive on occupational pensions once the September 23 deadline has passed.
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EnBW taps FondsConsult for €3.8bn revamp
GERMANY - Energy giant Energie Baden-Württemberg (EnBW) has hired Munich investment consultant FondsConsult to assist it with a sweeping revamp of €3.8bn in corporate pension assets.
