Latest from IPE Magazine – Page 515
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Features
Global FX trading surges
Pension fund and asset manager activity in the global foreign exchange market grew 48% last year, according to consulting firm Greenwich Associates. “Average foreign exchange trading volumes among fund managers and pension funds increased almost 48% from 2004 to 2005,” the firm pointed out. “As a result of this growth, ...
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Features
Kvaerner Pension Fund in E145m settlement
A dispute over the £1.2bn Kvaerner Pension Fund in the UK has been settled with a total payout of £101m (€145m) over six years from TH Global, the former Kvaerner Plc. “In return for payments totalling £101m, TH Global and its subsidiaries will no longer be associated with the Kvaerner ...
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Features
Getting ready for dramatic growth
The asset management industry in Russia is comparatively young and does not have a long history. The first civilised forms of regulating this market date back to 1995 when there appeared the Federal Commission for Securities Market (FCSM), licensing of asset management activities, and the first specialised money management companies. ...
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Features
Railpen/JP Morgan custody relationship hits the buffers
The Railways Pension Trustee Company, which runs the £17bn (€25bn) industry-wide pension scheme for the UK railways, has axed JP Morgan as a global custodian in favour of ABN Amro Mellon. It has retained the Bank of New York - opting to continue with its two-custodian model. “Following a detailed ...
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Features
Greek ambitions for financial centre
Two years since Greece hosted the Olympic Games, the country continues to reap the benefits of the investment boost it received in the lead-up to the event. Foreign investment in the Greek market has risen substantially and the financial authorities are keen to establish the country as a hub for ...
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Features
Dutch base 'superb' for management
The EU pension directive has opened the way for the Netherlands to become a superb operating base for asset management, says Dirk Witteveen, director of pensions regulator De Nederlandsche Bank. “The Netherlands have already a wide experience with the directive’s ‘prudent person’ approach of the investment rules. Pension fund are ...
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Features
Saxony-Anhalt plans to launch pension fund for civ
The eastern German state of Saxony-Anhalt plans to set up a pension fund for its civil servants from 2008, saying the move is necessary to relieve long-term pressure on its budget. Saxony-Anhalt employs around 2,600 civil servants who have a right to a future state pension. By 2020, it estimates ...
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Features
Swiss schemes call for rules to be relaxed
Swiss occupational pension funds want investment regulations relaxed, according to a survey by Swisscanto Asset Management. “A large number of the pension institutions are in favour of a relaxation of the investment regulations,” Swisscanto said. The survey was conducted in association with ASIP, the Association of Swiss Pension Funds. It ...
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Features
German investors' gradual awakening
German pension funds are still trailing behind many of their European counterparts in terms of investing in alternatives. “Pension funds still have a very limited exposure to private equity, with an allocation of less than 1% of total pension fund assets,” says Christian Edelmann, senior project manager, Mercer Oliver Wyman ...
