Markets – Page 224
-
News
F&C Netherlands makes hires
EUROPE – Liesbeth Rutgers, fixed income chief at private banking outfit Theodoor Gilissen Bankiers, has been appointed institutional business co-director at F&C Netherlands.
-
News
IPE-QUEST: Investor tenders high-yield mandate
GERMANY – A German corporate investor is tendering a mandate worth $100m (€80m) plus for actively managed US high yield debt.
-
News
AP2 appoints new CIO and strategist
SWEDEN - Andra AP-fonden, the roughly SEK190.6bn (€20.5bn) Second Swedish National Pension Fund (AP2) today appointed a new chief investment officer and chief investment strategist (updated).
-
News
Legg Mason revamps structure, management
GLOBAL – Legg Mason has organized its business into three units and revamped its management structure as it absorbs its acquisition of the Citigroup Asset Management business.
-
News
IPE-QUEST: German pension fund tenders equities
GERMANY – Swiss investment consultant Kottmann Advisory has tendered €100m in small and mid-cap European equities on behalf of a German pension fund client via IPE-Quest.
-
News
GSAM wins €750m Océ fiduciary deal
NETHERLANDS - Goldman Sachs Asset Management says it has been appointed to as fiduciary manager for €750m in assets at Stichting Pensioenfonds Océ.
-
News
Austria’s ÖPAG to increase DC benefits
AUSTRIA – ÖPAG, one of Austria’s multi-employer pension funds, says that following a good performance in 2005, it will increase pension benefits for members in its defined contribution plan by between 0.5% and 2.5%.
-
News
Two UK local authorities go unconstrained
UK – Two UK local authority pension funds – London Borough of Enfield and the Lothian Pension Fund - have separately opted to run significant assets in an unconstrained manner.
-
News
French civil service scheme in SRI tender
FRANCE - France’s new civil service additional pensions scheme has launched a tender for fund managers of euro-zone socially responsible investments.
-
News
IMA says managers could run UK national scheme
UK – Fund managers could indeed run the proposed National Pensions Savings Scheme at low cost using institutional management, according to the Investment Management Association.
-
News
Finland’s Varma offloads €74m of retail
REAL ESTATE – Varma Mutual Pension Insurance Co., Finland’s largest private insurance company, has agreed to sell 116 retail properties to a real estate fund.
-
News
EFRP celebrates 25th anniversary
EUROPE – The European Federation for Retirement Provision (EFRP), which represents occupational pension plans in the EU and candidate states, is today celebrating its 25th anniversary in Brussels.
-
News
PPF to appoint specialist fund managers
UK – The Pension Protection Fund will appoint specialist fund managers from next year, according to its new three- year strategic plan.
-
News
Structured products strong in H1 – BNP Paribas
EUROPE - The first part of 2006 showed very strong growth for structured products, according to BNP Paribas Equities & Derivatives.
-
News
Former FIM Group chief executive faces jail
FINLAND – The former chief executive of Finnish broking and asset management group FIM, Seppo Sairanen, has been sentenced to jail by the District Court of Helsinki for alleged fraud.
-
News
UBS doubles German institutional assets
GERMANY – Due partly to proliferation of big corporate pension funds, Swiss bank UBS has raised its institutional assets under management in Germany to €8bn – more than double the figure for December 2004.
-
News
Fortis names global LDI head
NETHERLANDS – Fortis Investments has appointed Alexander Van Aken to the new position as global head of liability driven investment.
-
News
Man Group limits hedge funds in own scheme
UK – Man Group, the world’s largest listed hedge fund group, is limiting the hedge fund allocation in its own pension fund on the advice of Watson Wyatt, says chief executive Stanley Fink.
-
News
Vodafone switches from DB to DC in Germany
GERMANY – The German arm of mobile phone operator Vodafone has replaced its defined benefits plan with a defined contribution plan for 9,300 employees in Germany.
-
News
FRR explains reasoning for avoiding hedge funds
FRANCE - The FRR, the €27.7bn Fonds de Réserve pour les Retraites or French Pensions Reserve Fund, has explained why it will not be investing in hedge funds as part of its new strategic asset allocation which features a shift towards 'alternative' assets.
