All IPE articles in June 2007 (Online) – Page 7

  • News

    AFM appoints new chairman

    2007-06-11T09:59:23Z

    [10:59 CEST 11/06] NETHERLANDS – Former Dutch health minister Hans Hoogervorst will succeed Arthur Docters van Leeuwen as chairman of the Financial Markets Authority (AFM).

  • News

    Swiss pensions architect quits board after questions

    2007-06-08T16:05:30Z

    [17:05 CEST 08/06] SWITZERLAND – Professor Carl Helbling, one of the architects of Switzerland’s corporate pension system, has abandoned his board seat at a Swiss pension fund following questions about his involvement in the attempted sale of a fund affiliation.

  • News

    Greek government steps in to rescue bond deal

    2007-06-08T15:58:25Z

    [16:58 CEST 08/06] GREECE/UK – JPMorgan has re-opened its offer until 5pm GMT today to repurchase the scandal-struck Greek structured bonds after the Greek government intervened to save yesterday’s rejected deal.

  • News

    Mercer calls for earlier selection input

    2007-06-08T15:57:39Z

    [16:57 CEST 08/06] EUROPE - Pension funds seeking real estate fund managers need to get involved in selection process discussions at an earlier stage because the bespoke nature of mandates is becoming more complicated, according to consultants Mercer.

  • News

    “We don’t believe in LDI” – Munsters

    2007-06-08T15:56:05Z

    [16:55 CEST 08/06] NETHERLANDS – The €212bn Dutch pension fund ABP says it does not believe Liability Driven Investments should be included in its new strategic investment plan.

  • News

    AMB Generali scheme hit by 82% decline in new business

    2007-06-08T15:55:41Z

    [16:55 CEST 08/06] GERMANY – A €345m multi-employer pension fund run by German insurer AMB Generali saw new business decline sharply in 2006 because of the loss of its privileged tax position above another form of pensions vehicle.

  • News

    Cardano’s UK recruitment drive continues

    2007-06-08T15:54:38Z

    [16:54 CEST 08/06] UK – Cardano Risk Management is continuing its UK recruitment drive with the appointment of a new chief financial officer and yet another Hewitt consultant.

  • News

    Pension funds drive SRI boom in France

    2007-06-08T12:15:13Z

    [13:15 CEST 08/06] FRANCE – Socially responsible investment (SRI) by institutions more than doubled in France last year.

  • News

    Berkshire chooses actuary

    2007-06-08T10:12:34Z

    [11:12 CEST 08/06] UK – The £1.4bn (€2.1bn) Berkshire pension fund has chosen Barnett Waddingham as its new actuary.

  • News

    Greek funds reject JP Morgan bond offer

    2007-06-07T15:56:42Z

    [16:56 CEST 07/06] GREECE/UK – Greek pension funds have rejected the offer by JP Morgan and hedge fund North Asset Management to repurchase a Greek government structured bond, branded dubious by ministers.

  • News

    Overlap of indexation label supervision "should be avoided" - ABP

    2007-06-07T15:55:52Z

    [17:55 CEST 07/06] NETHERLANDS – Dutch pension giant ABP says an overlap could arise in the supervision by DNB and AFM of the indexation label.

  • News

    Pensions are "deal or no deal" issue in M&As - LCP

    2007-06-07T15:55:15Z

    [16:55 CEST 07/06] GLOBAL – Getting pension accounting sorted and knowing a company's true pension costs now rank among the most important issues in any merger and acquisition transaction, Lane Clarke & Peacock (LCP) has told company representatives.

  • News

    Blue Sky hires successor to Satumalaij

    2007-06-07T15:53:55Z

    [16:53 CEST 07/06] NETHERLANDS – Blue Sky Group, the manager of Dutch airline KLM’s pension fund assets, has appointed Hidde Frequin as its new real estate fund manager.

  • News

    Flurry of alternatives services emerge

    2007-06-07T15:53:20Z

    [16:53 CEST 07/06] GLOBAL - Asset management houses are rushing to cater to European pension fund demand for alternative investments, with the launch of several new funds and services.

  • News

    OECD raps all members over pension reforms

    2007-06-07T15:52:25Z

    16:52 CEST 07/06] GLOBAL – Some countries are "phasing in pension reforms too slowly", the Organisation for Economic Co-Operation and Development (OECD) states in its latest "Pensions at a Glance" report.

  • News

    SRI set to change, says SVM

    2007-06-07T12:20:59Z

    [13:20 CEST 07/06] EUROPE – Socially responsible investment (SRI) will evolve more towards investors wanting to engage in companies rather than disinvest from them, SVM Asset Management is convinced.

  • News

    Small schemes' trustees in conflict of interest

    2007-06-07T12:16:55Z

    [13:17 CEST 07/06] UK – Small pension funds’ trustees boards will encounter conflicts of interest with their corporate sponsor, according to David Blackwood, group treasurer at paints producer ICI.

  • News

    IPE-QUEST: $20m Swiss emerging markets mandate

    2007-06-06T16:17:33Z

    [17:16 CEST 06/06] SWITZERLAND – A Swiss pension fund is looking for a manager for a $20m (€15m) active global emerging markets equity portfolio.

  • News

    NBIM seeks head for new department

    2007-06-06T16:16:11Z

    [17:16 CEST 06/06] NORWAY – Norges Bank Investment Management (NIBM) is looking for its first permanent head of corporate governance and will increase the team in the department by at least three people over the coming months.

  • News

    Wednesday people roundup

    2007-06-06T16:13:28Z

    [17:13 CEST 06/06] GLOBAL – Renaissance, Baring, Watson Wyatt, Allianz, SEB, NIBC, BoNY, SSgA, Aon, Henderson, Schroders, Insight, Wellington, Commerzbank.