Latest on Regulation & Reform – Page 468
-
News
Former FIM Group chief executive faces jail
FINLAND – The former chief executive of Finnish broking and asset management group FIM, Seppo Sairanen, has been sentenced to jail by the District Court of Helsinki for alleged fraud.
-
News
Fortis names global LDI head
NETHERLANDS – Fortis Investments has appointed Alexander Van Aken to the new position as global head of liability driven investment.
-
News
UBS doubles German institutional assets
GERMANY – Due partly to proliferation of big corporate pension funds, Swiss bank UBS has raised its institutional assets under management in Germany to €8bn – more than double the figure for December 2004.
-
News
IPE-QUEST: $300m in fund of hedge funds
GLOBAL – Up to $300m (€237m) in fund of hedge funds is being tendered on IPE-Quest.
-
News
ABP to sit on new European securities group
EUROPE – ABP, Europe’s largest pension fund, is to have a member on a new securities industry group set up by the European Commission.
-
News
PGGM appeals against DNB levensloop fine
NETHERLANDS - Dutch health care pension fund PGGM says it will appeal against the fine it received from pension regulator De Nederlandsche Bank over the sale of levensloop, or “life course” products.
-
News
European asset managers now run €30trn
EUROPE - Asset managers in the European market saw the assets they manage surge last year to more than €30trn, according to IPE’s calculations, up from last year’s estimate of €26trn when the increase on the year was only €2trn.
-
News
Man Group limits hedge funds in own scheme
UK – Man Group, the world’s largest listed hedge fund group, is limiting the hedge fund allocation in its own pension fund on the advice of Watson Wyatt, says chief executive Stanley Fink.
-
News
Credit Suisse sells Winterthur to AXA for €7.9bn
SWITZERLAND – The Credit Suisse Group today announced it has agreed to sell its entire Winterthur insurance business to AXA in a CHF12.3bn (€7.9bn) cash deal.
-
News
Swiss pensions could learn from Dutch, UK – IMF
SWITZERLAND - The Dutch and UK approaches to occupational pensions offer some “best practices” that could be applied to the Swiss situation, says the International Monetary Fund.
-
News
Bank of New York drawn into US probe
US – A mutually beneficial arrangement between the Bank of New York and consulting firm Wilshire Associates has emerged following questions from two US congressmen.
-
News
Lancashire tenders €146m in hedge funds
UK - The £3.47bn Lancashire County pension fund has tendered around £100m (€146m) in fund of hedge funds.
-
News
FRR explains reasoning for avoiding hedge funds
FRANCE - The FRR, the €27.7bn Fonds de Réserve pour les Retraites or French Pensions Reserve Fund, has explained why it will not be investing in hedge funds as part of its new strategic asset allocation which features a shift towards 'alternative' assets.
-
News
Hewitt considers raising stake in German venture
GERMANY – Hewitt Associates is considering raising its minority stake in the BodeHewitt joint venture it launched almost a year ago with Bode Grabner Beye.
-
News
Capita pensions marketing head retires
UK – Patrick Wynne-Jones, marketing manager at specialist pensions administrator Capita Hartshead, is due to retire.
-
News
European Commission probes French savings
FRANCE - The European Commission has launched an investigation into the way France’s most popular tax-advantaged savings product, the Livret A, is sold - striking a blow to its main provider Caisse d’Epargne.
-
News
UK minister wants to cut pension “red tape”
UK – Pensions minister John Hutton has invited key industry stakeholders to get involved in government’s drive to cut ‘red tape’ – excessive bureaucracy - to make pensions simpler and less burdened with regulation.
-
News
Bulgarian schemes ‘to grow as rules loosen’
BULGARIA – Bulgarian pension funds’ asset growth to €564m is set to continue as investment regulations become less restrictive, says ING.
-
News
Lupus alpha hedge fund specialist to leave
GERMANY – Kay-Peter Tönnes, hedge fund specialist at Frankfurt asset management boutique Lupus alpha, is to leave to start his own business.
-
News
ABP eyes non-listed sector amid short-termism
NETHERLANDS - Europe’s largest pension fund, the Dutch civil service giant ABP, is planning to shift the accent of its investments to non-listed companies and real estate, says chief investment officer Roderick Munsters.
