All Mandates - Investors articles – Page 102
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News
AP2 issues equity mandates worth $5.4bn
SWEDEN – The Gothenburg-based $13.5bn (€13.6bn) second Swedish national pension fund, AP2, has issued a RFP for managers for various European, North American, Asia-Pacific ex-Japan, Japanese and global equity mandates, worth a collective $5.4bn.
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News
Edinburgh Trust picks Fidelity for e1.7bn mandate
UK – The Edinburgh Investment Trust (EIT) has appointed London-based Fidelity Investments to manage its £1.1bn (€1.7bn) assets following an RFP it conducted earlier this year. Fidelity narrowly beat Scottish fund management group, Baillie Gifford.
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Credit Agricole picks up e740m Italian mandate
ITALY- Italian insurance company Po Vita has awarded Credit Agricole Group’s Italian asset management company a balanced mandate worth e740m to oversee its technical reserves.
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News
Calpers files joint lawsuit against WorldCom
US- Three California public pension funds have begun legal proceedings in an attempt to recover losses against WorldCom executives and underwriters of WorldCom bonds issued in May of last year.
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BoNY scoops $17bn in custody mandates
US- Two Iowa state pension schemes have selected the Bank of New York to provide a range of investment services for their assets of $16bn.
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State Street wins $45bn custody from Nuveen
US– Chicago-based mutual fund and asset management company Nuveen Investments has appointed Boston-based financial services group, State Street Corporation, to provide custody and accounting services for 130 of its funds, worth collectively some $45bn (€44.7bn).
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News
Icelandic fund picks MFS for $100m equity mandate
ICELAND- Iceland’s largest pension fund, LSR, has appointed MFS Investment Management to run a segregated global equity mandate that will eventually be worth $100m.
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News
Inco picks Rothschild for £20m specialist mandate
UK- The £60m European pension plan of Inco, the Canadian mining company, has appointed Rothschild Asset Management to manage its £20m specialist UK equity investment portfolio.
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Louisiana scheme issues e123m hedge fund RFP
US– The $6bn (€6.2bn) Louisiana State Employees’ Retirement Systems (LASERS) pension fund has issued a RFP for managers for hedge fund-of-funds portfolios worth $120m (€123.4m).
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News
Euroclear and CRESTCo announce merger
UK/EUROPE- The merger of Brussels-based settlement house Euroclear and its UK counterpart CRESTCo announced today will create Europe’s largest settlement operation, one that will handle over 60% of European equity trades.
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New Dutch fund names F&C as sole manager
NETHERLANDS- The Dutch transport workers sector fund Vervoer has named F&C as the sole manager for its recently-established early retirement fund.
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Dutch funds' PZH picks Vanguard for e450m mandate
NETHERLANDS- PZH, the body working on behalf of six medium-sized Dutch funds that began co-ordinating their operations earlier this year, has awarded Vanguard Investment a e450m passive mandate.
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News
AP2 names State Street as its new global custodian
SWEDEN- Sweden’s second national pension fund AP2 has appointed State Street to provide investment services, including global custody and fund accounting, for its $14bn in assets.
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Pioneer hires Citigroup for e30bn custody mandate
US/LUXEMBOURG – Global financial services company, Pioneer Investments, has appointed Citigroup Global Securities Services as global custodian to its $30bn (€30.3bn) Luxembourg-domiciled mutual fund business.
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Features
Custody award surprises competitors
One appointment by the NTMA that caused some surprise in the market was that of ABN Amro Mellon to the position of fund custodian. Observers had predicted that one of the larger custody players in Europe in terms of assets under custody might pick up the brief. Certainly with IR£8bn ...
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Features
Choosing from the world's best
Once the decision was taken that the National Treasury Management Agency would look after the overall management of the National Pensions Reserve Fund, the need was to put together a specialist in-house team for the job. John Corrigan of the NTMA (the former director of funding and debt management) was ...
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Features
A daunting experience: NTMA’s investment management
That the NTMA was in clear control of the type of managers it wanted for the fund and the type of contract it was seeking to enter into was clear from the off in this huge RFP. One pertinent example came in the second stage of the appraisal, when the ...
