Markets – Page 231
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Sweden's FI amends traffic-light model
SWEDEN – The Swedish Financial Supervisory Authority, or Finansinspektionen, has amended the so-called traffic light model following consultation.
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BGI looking for equity CIO as Annable exits
GLOBAL – Matthew Annable, European chief investment officer for active equities at Barclays Global Investors, is to leave next year in a “lifestyle change” – but his successor has not yet been chosen.
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Buckingham cuts Capital mandate in revamp
UK – The £874m (€1.3bn) Buckinghamshire Pension Fund has cut Capital International’s equities mandate by just over 20% due to poor performance results, and appointed five new fund managers.
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Horeca portfolio manager van Nifterick quits
NETHERLANDS - Nick van Nifterick, senior portfolio manager of the €2bn Dutch hotel and catering scheme Pensioenfonds Horeca en Catering, has resigned.
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Double defection blow for PGGM
NETHERLANDS – In a double blow for Dutch healthcare fund PGGM, two senior executives are defecting to Merchant Bank NIBCapital on 1 January 2006.
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JPMorgan AM names new institutional head
EUROPE – JPMorgan Asset Management (JPMAM) has named Jens Schmitt as head of institutional business in Europe, replacing Peter Schwicht.
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Italian pension funds agree merger
ITALY – Fonchim, Italy's industry-wide chemical and pharmaceutical industry pension fund, is acquiring the Bayer Italia pension fund (Fpbi), the Italian unit of the German chemical firm Bayer.
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UBS institutional invested assets surge 24%
GLOBAL – UBS’ third-quarter results reported an annual 24% surge in institutional invested assets under global asset management to CHF425bn (€290.9bn).
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Dutch schemes face €105bn shortfall – Watson
NETHERLANDS - Dutch pension funds are facing a combined shortfall of €105bn - taking into account full indexation for future inflation and salary rises – says Watson Wyatt Netherlands.
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IPE-QUEST: Four new searches on system
GLOBAL – There are four new searches – for pharmaceutical equities, developed market debt, convertible and investment grade bonds and eurozone debt – on IPE-Quest.
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SEB winning new institutional mandates
SWEDEN – Swedish financial services provider SEB has secured several new institutional mandates and achieved “greater market clout” in Germany, its interim report released today revealed.
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PIMCO says it wins Irish mandates
IRELAND – Fixed income manager PIMCO Europe says it has been awarded two mandates – one worth €60m – from the Unilever Superannuation Fund and the Allianz Group Pension Scheme.
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IPE-QUEST: Dutch scheme issues two tenders
NETHERLANDS – A Dutch pension fund has tendered up to $200m in pan-European and US small-cap equities in two separate briefs via IPE-Quest.
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Schering puts extra €450m into external fund
GERMANY – Pharmaceuticals company Schering has removed another €450m in pension liabilities from its balance sheet so that they can be financed by its contractural trust arrangement (CTA).
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IPE-QUEST: European insurer tenders $150m
EUROPE – A European insurance company has tendered $150m (€211.5m) in global emerging markets equities via IPE-Quest.
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Troubled Alliance Capital gets NPRF boost
IRELAND – The National Pensions Reserve Fund has made its first move into emerging markets equities with a €142m investment via Alliance Capital Management, which has been under scrutiny from US regulators.
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FRR’s invested assets return 15% in 2005 so far
FRANCE – The Fonds de Réserve pour les Retraites, the French Pensions Reserve Fund, has made a return of more than 15% on its invested mandates so far this year.
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JP Morgan European custody co-head Bourgi exits
EUROPE – JP Morgan’s European custody co-head Ramy Bourgi is to leave amid a restructuring of the division’s management.
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IPE-QUEST: Swiss fund tenders Japan equities
SWITZERLAND – A Swiss pension fund has tendered up to $70m (€58.4m) in Japanese equities via IPE-Quest.
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PGGM’s equities director Sol replaced
NETHERLANDS – Dutch health care fund PGGM has replaced Marjolein Sol as director of equities with Leo Lueb as of November 1.
