Latest on Regulation & Reform – Page 474
-
News
ABP data used in analysis of equity trade costs
NETHERLANDS – A paper prepared by staff at the Dutch central bank and civil service pension fund ABP has found that a small number of trades causes most market impact.
-
News
CalSTRS, CalPERS build new manager database
US – US pension fund giants CalSTRS and CalPERS are putting together a database of emergent asset management companies in a bid to gain access to “untapped talent”.
-
News
Heissmann taps Hewitt’s Royers for Paris office
FRANCE – International consultant Buck Heissmann has recruited Joel Royers from rival Hewitt to head its new office in Paris.
-
News
IMF sees bird flu impact on pension regulators
GLOBAL – The International Monetary Fund says pension industry regulators may have to swing into action in the event of a pandemic of avian flu.
-
News
Dutch, UK chiefs quit ABN Amro Asset Management
EUROPE – Two high-level Netherlands and UK executives, Marc Verberne and Dermot Keegan, have quit ABN Amro Asset Management to join rivals.
-
News
Germany’s BVV eyes real estate, private equity
GERMANY – BVV, a €17.7bn pension fund serving Germany’s financial services industry, plans to raise its exposure to real estate to at most 8% over the long-term and is mulling an initial investment in private equity.
-
News
German MPs call for civil service pension fund
GERMANY – The budget committee of Germany’s parliament (Bundestag) has urged the government to create a pension fund for federal civil servants instead of, as now, financing their pensions via tax reserves.
-
News
ABP is considering opening an Asian office
NETHERLANDS – Stichting Pensioenfonds ABP, Europe’s largest pension fund, is considering opening an office in Asia.
-
News
OECD releases pension investment survey
GLOBAL – The Organisation for Economic Cooperation and Development has released its latest survey of global pension fund investment regulations.
-
News
No data on longevity impact on yields – study
GLOBAL – There’s no quantitative data on the impact of pension fund buying and longevity changes on bond yields, according to a new study.
-
News
Pension funds buy into Clariant bond issue
SWITZERLAND – A significant amount of pension fund money went into Swiss chemical firm Clariant’s new UK-listed seven-year €600m Eurobond.
-
News
Bulgaria plans first-pillar ‘Silver Fund’
BULGARIA – The Bulgarian government is preparing a law to introduce a “Silver Fund” to bolster first-pillar pensions.
-
News
Pensions conference glut claims first victim
EUROPE – An unusual convergence of pensions and investment industry conferences on Tuesday April 25 has claimed its first victim: Credit Suisse.
-
News
Cambridge council tenders pension fund custody
UK – Cambridge County Council has tendered a global custody mandate for its pension fund via consulting firm Thomas Murray.
-
News
Institutions pull €3bn from Robeco
NETHERLANDS – Robeco, the asset management arm of Dutch bank Rabobank, had a €3bn outflow of institutional assets in 2005.
-
News
NAPF worried about NPSS ‘fourth pillar’
UK – The National Association of Pension Funds has expressed its fears about the proposed National Pensions Savings Scheme becoming an unnecessary “fourth pillar”.
-
News
ABP setting 2007 investment plan
NETHERLANDS – Stichting Pensioenfonds ABP, Europe’s largest pension fund, is currently in the process of establishing its new strategic investment plan to run from 2007 to 2009.
-
News
Cambridge hires ex-State Streeter for hedge funds
US – Consulting firm Cambridge Associates has former State Street’s Charles Cassidy to the new role of director of operational due diligence for its hedge fund group.
-
News
New pension risk blog set up
GLOBAL – A new online blog aimed at pension financial risk and fiduciary implications has been launched.
-
News
Ex-Mercer chief joins BT scheme as trustee
UK – The £35bn (€50.2bn) BT Pension Scheme has appointed former Mercer Human Resource Consulting chief executive David Barford and former Prudential Group finance director Les Cullen as trustees to the fund.
