Latest from IPE Magazine – Page 761
-
Features
Asset allocation on a global scale
A growing number of multinational head offices are seeking to exercise some influence on the way their subsidiaries’ pension assets are allocated among broad classes. Indeed, a recent Towers Perrin survey of leading multinationals shows that the area in which head offices exert the most influence is with respect to ...
-
Features
Calpers looks for investment talent
The giant Dutch scheme ABP is not the first large pension fund to encourage innovative asset management firms and invest in them. Another very well known fund, actually the largest in the world, the $170bn (e187bn) Calpers (California Public Employees’ Retirement System), took this decision in early 1999. The main ...
-
Special Report
SRI is here to stay
Since July 3 last year UK pension funds have been required to state their policy on ethical investment. Three years ago, when this policy initiative was first announced by the then pensions minister, John Denham, there were very low expectations for change. Industry figures were predicting that the vast majority ...
-
Features
Increasing role ahead for outside pension director
The role of professional pension scheme directors is likely to increase in future. There are four main reasons for believing this: q Changing regulation of pension funds Regulation of pension funds has become more onerous for pension fund directors over time almost everywhere. They find themselves with more work and ...
-
Features
Pension reform can't wait
Now is the time to tackle pension reform, European industrialist Carlo de Benedetti told those attending the ‘Defusing Europe’s pensions timebomb’ conference organised by the Friends of Europe body in Brussels last month. “Unemployment in European countries is today mostly a supply problem rather than a demand one. In the ...
-
Features
PMA goes multi-manager
The Dfl1.6bn (e726m) PMA (Pensionfonds Medewerkers Apotheken) pension fund for Dutch pharmacists, based in The Hague, has outsourced almost its entire investment portfolio through an extensive multi-manager structure. The new multi-manager arrangement has resulted in the appointment of a slew of investment managers to various segregated and mutual fund briefs ...
-
Features
Wise men recommend four-pronged approach
A four-pronged approach to regulation of European securities markets should be adopted by Europe’s policymakers if barriers of “Kafkaesque inefficiency” to financial market development are to be broken down, says the final report from the Committee of Wise Men, chaired by Alexandre Lamfalussy, on the regulation of European Securities Markets. ...
-
Features
Citibank records record results in 2000
Like many custodians last year, Citibank’s worldwide securities services had a bumper year. With revenue growth up by 30% and profitability even more so, the group recorded its most successful year to date. So unsurprisingly, Robert Binney, managing director of the worldwide securities services division, is pleased: “We’ve seen a ...
