All Mandates - Investors articles – Page 99
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News
Solutia appoints Frank Russell to run entire fund
UK - The Trustees of the Solutia UK pension scheme have appointed Frank Russell Company as the sole investment manager for its £35m( e55.4m) pension scheme. The global equity and fixed income assets will be spread across Russell’s full range of multi-manager funds.
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AP7 completes search for Private equity managers
SWEDEN- Sweden’s seventh national pension fund, AP7, has allocated $84m (e86m) to two US-based private equity fund of fund managers, Hamilton Lane Advisors and HarbourVest Partners. Hamilton Lane will be managing a US private equity fund of fund portfolio balanced between buyout, venture and special situation funds including secondary interests. ...
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Bristol opts for manager of manager approach
UK- The University of Bristol has put out to tender a manager of managers (MoM) mandate for its £100m (e158m) pension fund. The scheme is currently managed by Barclays Global Investors and Merrill Lynch IM.
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New TotalFinaElf scheme appoints Northern Trust
UK- The newly-created UK pension fund for TotalFinaElf has appointed Northern Trust as global custodian to its assets of £1bn. Northern Trust was appointed by the trustees of the newly created plan, which was forged from the merger of 13 legacy schemes within TotalFinaElf in the UK.
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Royal Liver appoints BGI for e218m active mandate
UK- Royal Liver Assurance has appointed Barclays Global Investors to manage a new £137m (e218m) active UK equity mandate. BGI was selected following a beauty parade in conjunction with Royal Liver’s external advisers, whereby three asset managers were shortlisted.
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Proposed tax changes threaten Germany's pensions
GERMANY- Proposals by Germany’s coalition government that individuals are to pay capital gains tax on profits from share sales is causing concern for the fund industry, and threatening the new third pillar pensions system.
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Gwent picks ABN for custody and security services
UK- Greater Gwent (Torfaen) County Borough Council has appointed ABN AMRO Mellon to provide global custody and security services for its £700m (e1.1bn) employee pension scheme.
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AP3 puts out tender for e450m equity mandate
SWEDEN- AP3, the SKr 126bn (€13.9bn) third Swedish National Pension Fund, has put out to tender an active European small/mid cap equity mandate, expected to be in the range of e200m-e450m.
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State Street wins e14bn custody from Alberta
CANADA- Alberta Revenue, manager of the Province of Alberta’s CAD$35bn investments for public pension plans and provincial corporations, has appointed State Street to provide domestic custody and securities lending for CAD$22bn (e14.3bn) in assets.
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Bayer appoints Watson Wyatt for consultancy advice
UK- The UK subsidiary of Germany’s Bayer has appointed Watson Wyatt to provide actuarial, investment and consultancy services to the company and to the trustees of its largest UK pension fund. Watson Wyatt replaces rival consultant Mercers.
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Capital secures e158m UK council mandate
UK- Shetland Islands County Council has awarded the mandate for its £100m (e158m) pension fund to Capital International. UBS Global Asset Management, formerly Phillips & Drew, had been running the portfolio for five years, but lost the beauty parade when the five-year mandate period was over.
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Putnam to take over e2.8bn of BT FM's assets
AUSTRALIA/US- BT Funds Management, the Australian global investment manager, will see US-based Putnam Investments take over management of A$5bn (e2.79bn) of its international equity assets when the Westpac acquisition of the majority of the BT Financial Group closes at the end of October.
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Threadneedle wins e32m mandate from DuPont
UK - Threadneedle Investments, part of Zurich Financial Services Group, has been awarded a e32m UK equity mandate on behalf of Dupont SA.
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IPE announces 2002 pension fund awards winners
EUROPE- IPE Magazine has announced the winners of its 2002 pension fund awards for both “investment strategy” and “fund structure and administration”. Entrants were judged by selected panels of experts selected country by country.
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E.ON picks Activest as master-KAG
GERMANY- Activest, investment group of HypoVereinsbank, has been appointed as head investment services provider (Master-KAG) for E.ON Energie’s spezialfonds.
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AP3 issues e406m US equity mandate
SWEDEN- AP3, the SKr 126bn (€13.9bn) third Swedish National Pension Fund, has put out to tender an active US small/mid cap equity mandate which is expected to be up to $400m (e406m).
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Schroders and Invesco lose e720m from Yorkshire
UK- The e1.1bn North Yorkshire pension fund has replaced Invesco Asset Management with Barclays Global Investors on a £150m (e240m) global balanced mandate following a review of the fund manager line up.
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German institutions slash equity holdings to 19%
GERMANY- German institutions have decreased their asset allocation to European stocks from an aggregate 27% to 19% over the last two years, according to a survey by US-based consultants, Greenwich Associates.
