Latest from IPE Magazine – Page 918
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Features
CCIM favours equities
In the past months, moderate world economic growth and a low inflation and interest rate environment have been propitious for an asset allocation favouring equities over bonds and cash. Although the times of monetary expansion are over and interest rates are trending higher, the rise is modest and will remain ...
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Features
Pension funds test asset limits
The Danish system of pension investment limits is under pressure from an unusual quarter. A 30% rise in the value of the Copenhagen Stock Exchange has created problems for two of the largest public sector pensions funds. ATP (Arbejdsmarkedet Tillaegspension) and LD (Lomodtagernes Dyrtidsfond) have found themselves close to the ...
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Features
New rules prompt Spezialfonds boom
Interest in Germany’s Spezialfonds is booming. Insurance companies and pension funds in the country almost doubled their investment in this type of fund last year, thanks in part to an obscurely worded change in investment regulations.In 1995 insurers invested DM15.8bn ($xxbn) of assets in Spezialfonds -a type of investment fund ...
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Features
Unison blow
Unison took further bodyblows in the past weeks with the joining of Jauch & Hubener and Aon. Germany’s largest broker and second largest employee benefit consultant, J&H, was one of the mainstays of the grouping, since the tie up of major French player Gras Savoye with international group Willis Carroon ...
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Features
Sedgwick backs French
Sedgwick Noble Lowndes has placed its faith in the development of French retirement market, despite the stalled law, by basing the first of a number of European ‘centres of excellence’ in Paris.The move has been prompted, the company says, by the increasing privatisation of benefit provision in Europe. In addition ...
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Features
PGGM appointment
The Dutch health and welfare pension scheme PGGM has appointed Roderick Munsters as its new director of investments, based in Zeist. He takes up the position in the new year and will take over from Gerard Wieringa, who retires at the end of 1997. Munsters, who is 33, is currently ...
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Features
Belgacom sticks with State Street
State Street Banque in Paris has won the latest mandate awarded by the Belgacom Pension Fund, Belgium’s largest funded pension scheme. The mandate, for Bfr8.6bn ($236m), is to be managed passively on a balanced basis. It is the second mandate to be won by State Street, which was awarded one ...
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Features
Croydon looks for whizz kids
The London Borough of Croydon is busy poring over replies from fund managers to its recent advertisement. The local authority invited expressions of interest” from fund management companies in managing their overseas equities investments. This may or may not result in a formal tender for the overseas equity mandate, the ...
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Features
Privatised AGF ventures out
In its first foray into asset management outsourcing, French insurance giant AGF has awarded a clutch of mandates worth Ffr2bn ($340m). And it has already launched another search for fund managers to look after a further Ffr2.5bn of assets.The next mandates will be in the investment areas of global high-yield ...
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Features
Nikko appointment
Nikko International Capital Management, with £11bn under management, has appointed Tony Thomson as managing director of NICAM (UK). This is a newly created position within the company, though he takes over in London from David Somers who left the company last month. He joins from Foreign & Colonial where he ...
