Latest – Page 368
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Ir£5bn reserve fund appoints Mercer for strategy
IRELAND - The newly created Ir£5bn (e6.35bn) National Pensions Reserve Fund, the war chest the government hopes will plug the future hole in its social welfare and civil service pension payments, has appointed consultant William M. Mercer to outline the fund’s future investment strategy....
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German DC 'AS-fonds' return 2% for 2000
GERMANY – AS-fonds, Germany’s third pillar DC savings plans returned an average of two-per cent last year in spite of the market turbulence, according to the Frankfurt based BVI funds regulator....
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Global pension assets could rise to $18trn by 2005
Global pension assets, which at the end of 2000 represented more than $12.2trn (e13.4trn) are forecast to grow to more than $18trn by 2005, according to figures from research corporation InterSec....
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Few Europeans in US international mandate awards
US/EUROPE – Only two of the top ten managers in international cross-border mandate wins from US tax-exempt pension plans last year were European, with both houses UK based, according to Deutsche Bank owned research group InterSec....
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Aberdeen buys property manager RREEF
UK/NETHERLANDS – Aberdeen Asset Management has bought property asset manager RREEF UK from RoProperty Holding, part of the Robeco group, increasing its property assets under management to £5.9bn....
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Finnish actuarial consultant expands services
FINLAND – Helsinki based actuarial consultancy and pension scheme administrator, Pensionservice (EPS) is to undergo a radical re-structuring to expand its services from May 1….
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PGGM leading strategist retires
NETHERLANDS – Marinus Keijzer, an adviser to the director of investments at Zeist based NLG110bn (e50bn) Dutch superfund PGGM is to take early retirement from the scheme....
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Europe should beware US patents says ISMA
EUROPE - European banks and securities houses may have to prepare for a more widespread, US-style, application of patent rights in the financial sector, according to a report by the Zurich based International Securities Market Association (ISMA)....
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Swedes fear pensions loss on retirement
SWEDEN – Almost one third (32%) of Swedish pension savers think that they are going to get only half, or even less, of their premium (PPM) and state pensions when they retire, according to a study by Stockholm based Sifo Research & Consulting....
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Van den Brink switches metalworkers funds
NETHERLANDS - Roland van den Brink, manager of acquisition and strategy with Rijswijk based Mn Services, the recently split fund management and administration arm of the NLG40bn (e18bn) Dutch metal and technical industries pension fund, BPMT, is to leave the group and take up the role of managing director at ...
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Austria's APK indexes $35m with Vanguard
AUSTRIA – The ATS22bn (e1.6bn) Vienna-based pension fund APK has reviewed its US equity strategy and dropped an undisclosed active manager in favour of a passive brief with US investment manager Vanguard….
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European property figures hold up strongly
SWEDEN/IRELAND – Swedish property returns rose strongly in 2000, while Irish property assets retained their strong performance levels, according to figures published by the London based property index provider, Investment Property Databank….
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European pension fund awards ceremony announced
EUROPE - Investment & Pensions Europe Magazine (IPE) – parent magazine to IPE-Newsline.com, has announced the first awards ceremony specifically for Europe’s pension funds, with the aim of setting an industry benchmark for excellence in scheme management....
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Schroders bags £70m property brief
UK – Suffolk County Council (SCC) has awarded a £70m (e112m) domestic indirect property mandate to investment manager Schroders...
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Hedge fund adviser appoints European head
UK/EUROPE – Melissa Miller has been appointed as head of European client relations at alternative investment adviser Tremont TASS Europe….
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Top man at Norwegian petroleum fund to retire
NORWAY – Leif Eide, a key figure in the development of the current investment strategy at Norges Bank, the central bank of Norway, is to retire from his position as foreign financial investments adviser to the governor of the bank....
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Delays expected on European pensions directive
EUROPE – The European directive on supplementary pensions may not be ratified by the Parliament until the end of the summer, following a delay in the adoption of the Karas report in the European Monetary Affairs Committee (EMAC)....
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Aberdeen buys Swedish property outfit Celexa
UK/SWEDEN – Swedish pension insurance company Alecta (formerly SPP) is selling its property management firm, Celexa Group, to Aberdeen Asset Management....
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Italian pension funds grow by 124% in one year
ITALY – Total assets under management within Italy’s sector-wide and open pension funds increased by a massive 124% from the end of 1999 to the end of 2000, according to figures just released by Italian regulator, Commissione di vigilanza sui fondi pensione (COVIP)….
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Norwegian authority tenders for NOK800m mandate
NORWAY - The local authority of Larvik has sold its shares in power companies Lardal og Larvik Everk and Vestfold Kraft in order to invest NOK800m (e99m) in the market and is now looking to outsource its domestic investments….
