Latest on Regulation & Reform – Page 494
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News
UK’s BBC drops DeAM for NewSmith
UK – The BBC says its £6.4bn (€9.4bn) pension scheme has dropped Deutsche Asset Management in favour of NewSmith due to an underperformance on investment targets.
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News
IPE-QUEST: European fund tenders Japan equities
EUROPE – A European pension fund has tendered up to $100m (€80.2m) in Japanese large-cap core equities via IPE-Quest.
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Features
Directive to 'impact discount rates'
The implementation of the European directive on occupational pensions could lead to a change in the way discount rates are determined, according to the European actuarial consultative group. “We expect to see significant changes in the way discount rates and other assumptions are determined as EU states begin to implement ...
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News
Citigroup in German hedge fund move
GERMANY - The German investment arm of Citigroup has teamed up with a German and an Austrian private bank to launch one of Germany’s first single hedge funds.
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News
AMF Pension names Björkén to fixed income role
SWEDEN – AMF Pension has rejigged its fixed income management, with Bengt Björkén become acting head of fixed income and Lars Aberg taking an ALM role.
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News
European schemes differ on pension directive
EUROPE – Managers of European pension funds have widely differing views about the directive on pension funds that is due to implemented by member states in less than a month.
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COMMENT: Germany’s draconian BaFin
COMMENTARY – German regulators’ new securities trading disclosure rules are far too draconian, writes European Fund Focus Editor Bruce Love.
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News
Man Investments CEO Chambers quits
UK - Man Investments’ chief executive Chris Chambers is stepping down at the end of the month after three and a half years at the alternative investments firm.
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News
IPE-QUEST: Swiss consultant tenders two mandates
SWITZERLAND – Lugano-based investment consultant Kieger has tendered two mandates worth up to a combined $100m on behalf of clients via IPE-Quest.
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News
‘No reason to celebrate’ for Swiss funds
SWITZERLAND – Despite a more than 6% return in the first half, Swiss pension funds have no reason to celebrate due to low bond yields, says the Swiss pension fund association ASIP.
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News
Mellon eyes stake in WestAM – FT
GERMANY – Mellon Financial Corp. is considering taking up to a 50% stake in WestAM, a German institutional fund provider that specialises in fixed income, according to the Financial Times.
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News
Norway’s Kvaerner embroiled in UK pension row
UK – Norwegian industrial holding group Kvaerner ASA has become embroiled in a row over its relationship to the Kvaerner Pension Fund (KPF), the UK pension plan of the former Trafalgar House.
