Latest – Page 328
-
News
UK pension funds raise cash holdings – Lipper
UK – Pension funds in the UK raised their exposure to cash investments in March, according to fund research firm Lipper.
-
News
HSBC Actuaries wins National Counties brief
UK - HSBC Actuaries and Consultants Ltd., says it has been appointed as investment consultants to the National Counties Building Society Pension and Life Assurance Scheme - initially to review investment strategy.
-
News
Nordic institutions say SRI pays – survey
NORDIC – A majority of institutional investors in Sweden, Norway and Denmark say socially responsible investments deliver the same yield as other investments, according to SRI firm GES.
-
News
HooverCandy taps Aon for extra actuarial work
UK – Appliance manufacturer HooverCandy Group has appointed Aon Consulting to provide actuarial services to a further three of its pension schemes.
-
News
Philips sees E1.2bn saving from pension agreement
NETHERLANDS – Dutch electronics giant Philips predicts a 1.2 billion-euro cut in benefit obligations – as well as ongoing savings – as a result of a shift to average-salary pensions agreed earlier this year.
-
News
Putnam trustees “pleased” with $110m settlement
US – The head of Putnam’s funds trustee board says he is “pleased” with Putnam Investments’ 110 million-dollar market timing settlement with the SEC and the state of Massachusetts.
-
News
Denmark’s ATP names Nielsen as real estate MD
DENMARK – Michael Nielsen has been named as the new Managing Director of ATP Ejendomme, the real estate arm of Denmark’s largest pension scheme, the 38 billion-euro ATP Danish labour market pension plan.
-
News
Watson Wyatt hires Citigroup’s Armstrong
UK – Watson Wyatt LLP has hired Citigroup Asset Management’s European marketing director Jane Armstrong as head of marketing for its investment practice, a new role.
-
News
MSCI to buy risk software firm Barra for E675m
GLOBAL - Morgan Stanley is to buy risk management analytics firm Barra for 816.4 million dollars (675.3 million euros) in cash and integrate it with its majority-owned MSCI index business.
-
News
Railpen chief executive Peter Murray to retire
UK – Peter Murray, chief executive of the 13 billion-pound (19.5 billion-euro) Railway Pension Trustee Company, is to retire in May.
-
News
Italy's E1m Fopadiva seeks asset managers
ITALY- Fopadiva, the one million-euro closed pension fund for employees in the Valle d’ Aosta semi-autonomous region, is seeking up to two asset managers for a balanced mandate.
-
News
Watson Wyatt names Aon’s Witt as Munich manager
GERMANY - Watson Wyatt has appointed Jens Witt of Aon’s German consulting subsidiary to the new position of managing consultant for its Munich office as it expands in Germany.
-
News
Danish funds sign agreement with SRI firm Eiris
DENMARK – Socially responsible investing consultant Ethical Investment Research Services has signed agreements with two Danish pension funds, Pensionskassernes Administration and Magistrenes Pensionskasse.
-
News
IBM likely to use new Irish common fund
IRELAND - Computer giant IBM is likely to become one of the first multinational companies to use the common contractual fund (CCF), Ireland’s new tax transparent pooling vehicle, to pool its pension funds’ global equity assets.
-
News
Somerset taps Standard Life for equities
UK - The 652 million-pound (979.8 million-euro) Somerset County Council Pension Fund has selected Standard Life Investments to manage a segregated specialist UK equity portfolio valued at around 175 million pounds.
-
News
St. James’s awards custody to State Street
UK – St. James's Place, the wealth management firm with eight billion pounds (6.5 billion euros) under management, has awarded State Street Corp. a custody and fund accounting mandate.
-
News
Monte Paschi and Hines in Italian property fund tie-up
ITALY- Monte Paschi Asset management SGR, the asset management branch of the bank Monte dei Paschi di Siena has formed an alliance with international real estate manager Hines to create a ‘value-added’ fund for institutional investors called MH Real Estate Crescita.
-
News
AP3 invests E38m in new forestry group
SWEDEN – Tredje AP-fonden has bought a 4.9% stake in new Swedish forestry group Bergvik Skog for around 350 million crowns (38 million euros).
-
News
Switzerland’s PUBLICA names new director
SWITZERLAND - The 28 billion-Swiss franc (18 billion-euro) Swiss Federal Pension Fund PUBLICA has named Werner Hertzog as director.
-
News
NAPF: UK Government review of Myners taking 'longer than expected'
UK – The UK government says it will be “taking stock” of a series of current issues in the pensions industry in the early spring and summer – but conceded the quantitative review of the Myners Report was taking longer than expected.
