Latest from IPE Magazine – Page 750
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Features
Furse’s first 100 days may be the hardest
Presidents and primer ministers are often judged on the impact they make in the first 100 days of their administrations, so why not chief executives? Clara Furse, who fulfils that role at the London Stock Exchange passed the milestone on May 16, so how has she fared? Just as it ...
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Features
Dutch pensions legislation - changes ahead
Dutch civil law states that, in case of a merger or takeover, rights and liabilities coming from a current employment contract have to be transferred to the new company. The company’s assets and liabilities are also transferred. Pension rights, though, are an exception. It has to be put in writing ...
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Features
Nordic markets go 'open'
The Nordic market for investment funds has experienced a huge growth during the past few years. According to the Swedish Mutual Fund Association, the size of the investment fund market in the region – including Sweden, Norway, Denmark and Finland – amounted to e168bn at the end of last year, ...
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Features
PPM sets a model
PPM sets a model Both the Nordic region and the rest of Europe are looking at Sweden. The new Swedish Premium Pension System (PPM) is attracting the interest of fund managers and pension professionals across the continent. It’s still early days, but some believe, that this system will be the ...
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Features
New focus on emerging markets
The emerging markets arena has been been performing well in the past few months and the interest on investment products covering these region is increasing among institutional investors. When it comes to emerging market funds, investors are spoiled for choice, with more fund management houses launching new products focusing on ...
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Features
Smaller cap fund's style
Every month in IPE we analyse the portfolio style of a fund using the return-based Portfolio Analyser developed by London-based firm Style Research. For this issue we have chosen the CCF/Fram Euro Smaller Companies fund, managed by Paris-based managers Framlington Unit Management. The fund invests in smaller companies in continental ...
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Features
Determined to win place in pan-Europe pension race
For Gibraltar 2001 read the UK circa 1984. This may seem an unkind statement in the light of the reputation of the dependent territory for new financial products, but the pension industry in currently working with government to bring things up-to-date. First pillar provision is represented by a flat state ...
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Features
On the road to respectability
Although the hedge fund industry has grown enormously over the past five years or so, pension funds and their institutional investors have been somewhat slow in warming to it. “The interest shown by the Swedish pension fund industry is a relatively new development,” says Eddie Dahlberg, managing director of the ...
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Features
Big baby faces teething troubles
Suddenly, every one seems to be a hedge fund expert. Fund of funds managers, hedge fund analysts and new hedge fund managers have sprung up like mushrooms, drawn by the inexorable emergence of a multi-trillion-dollar industry that some believe seems set to evolve overnight. The omens are indeed promising. But, ...
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Features
Hedge behind a shelter
European companies doing business in the US have a fresh incentive to fund the supplemental pensions and deferred compensation promised to key employees while they are still working. Advance funding of these obligations has been unattractive to many corporate financial officers because the net investment returns, even if sheltered under ...
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Features
IMF taps hedge barometer
Hedge funds recorded on average modest returns on capital under management during 2000, outperforming most major market indexes. The number of hedge funds and, to a lesser extent, total capital under management has rebounded from the contraction of late 1998 and 1999. The limited available information suggests that the main ...
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Features
Insurers angle for pensions share
The domination of French life assurance by bancassurance seems unstoppable. In a market worth FF450bn (€72bn), bancassurers have a massive 67% share. Sara Fenelon, of reassurer SCOR Vie, attributes this to strong customer relationships. “The banks are very close to their customers, especially in towns and villages in rural France. ...
