Markets – Page 282
-
News
Portugal's FEFSS prepares to outsource e760m
PORTUGAL- Portugal’s state owned e3.8bn FEFSS fund is looking for a global custodian in preparation for its recent decision to outsource 20% of its e3.8bn portfolio to external managers. Henrique Cruz, a member of the fund’s board says they will select a global custodian by March to provide fund administration ...
-
News
Spezialfond manager results show turbulent 2001
GERMANY- Germany’s Spezialfonds and their managers faced one of the toughest and most turbulent years in 2001 when the value of assets fell for the first time since the creation of the funds in the late 1960s.
-
News
Concreto enters second phase of manager selection
ITALY – The Italian cement and building materials workers’ complementary pension fund, Concreto, is ready to enter the second stage of its manager selection process.
-
News
FIS launches first corporate bond funds
UK- Investment manager Friends Ivory & Sime (FIS) has announced the launch of two new corporate bond funds. The All-Stocks fund will aim to outperform Merrill Lynch’s All-Stocks Sterling corporate bond index by 1% per annum measured over rolling 3 year periods while the Long-Dated fund will seek to outperform ...
-
News
Union slams abolition of dividend tax credits
UK – The leader of Amicus, the UK’s second largest trade union, Sir Ken Jackson, has called on the government to abolish what he calls its “£5bn a year tax raid on occupational pension schemes” by re-introducing tax credits on dividends.
-
News
Spezialfonds’ assets fall in 2001 to €507bn
Germany-The value of German Spezialfonds invested assets fell in 2001 by 1.4% to €506.9bn, their first fall in the 33-year long history...
-
News
INVESCO beefs up UK institutional equity team
UK- INVESCO has appointed Daniel Roberts to its UK institutional equity desk in London. Roberts will report to Robert Churchlow, head of UK institutional equities and his appointment takes the team to four.
-
News
FIS adds Thompson to global equities team
UK – Friends, Ivory & Sime has appointed Mark Thompson as a fund manager to its global equities team in London. Thompson will have specific responsibility for researching global environmental technology companies.
-
News
PMI picks Northern Trust for €13bn custody mandate
NETHERLANDS – The €13bn Dutch metal and electronic industries’ pension fund PMI-SVM has appointed Northern Trust as sole custodian.
-
News
Shell sells e400m Dutch real estate portfolio
NETHERLANDS- Shell pension fund has sold its e400m Dutch commercial real estate portfolio to a syndicate of Bouwfonds Asset Management, Inflation Exchange Fund and MN Services.
-
News
Previdenza puts out tenders for €500m
ITALY – The €500m Fondo Previdenza Mario Negri, the pension fund for directors of the Italian transport, shipping and commercial industries, has put its assets out to tender for managers for a range of equity and fixed income portfolios.
-
News
LRT drops Baring AM from £500m UK equity mandate
UK – The £3.5bn (€5.7bn) London Regional Transport Pension Fund has dropped Baring Asset Management (BAM) from a UK equity mandate originally worth £500m (€821m) in favour of AllianceBernstein and Baillie Gifford.
-
News
SwissAir publishes details of e680m mandates
SWITZERLAND/UK- SwissAir Pension Fund Services has published mandates valued at a total of e680m on IPE-QUEST.com.
-
News
Dumas to split e600m AXA mandate into six
FRANCE – The €800m caisse de retraite and prévoyance group, Groupe Dumas (Dumas), the French lorry drivers retirement savings and benefits management company, is tendering €600m to be split between six asset managers in euro-zone equities and fixed income portfolios.
-
News
ABF launches Luxembourg-based SRI equity fund
FRANCE/LUXEMBOURG – Paris based quantitative management company, ABF Capital Management (ABF), has launched ABF Green Planet Fund, a Luxembourg based socially responsible investments equities fund, which applies a global environmental investment approach.
-
News
Royal London launches new cash management unit
UK – Insurance and asset management group, Royal London, has launched its new bespoke cash management arm, Royal London Cash Management (RLCM)...
-
News
Axa launches second futures hedge fund
FRANCE/IRELAND – French asset managers, Axa Investment Management (Axa IM), has launched its second hedge fund to invest in the futures markets, Axa Futures II...
-
News
AEGON UK adds to its fixed interest team
UK- AEGON Asset Management UK has added to its fixed interest team with the appointment of Stephen Jones as portfolio manager. Jones joins from Britannic where he managed corporate bond investments for institutional and retail funds.
-
News
SwissAir fund announces complete restructure
SWITZERLAND- SwissAir pension scheme is undergoing a wholesale reorganisation of its four individual funds which has already included the launch of two institutional umbrella funds. Over the next two months it is searching via www.ipe-quest.com for managers to oversee five further sub funds with assets totalling Chf1bn (e680m).
-
News
Switzerland's AHV postpones hedge fund investment
SWITZERLAND- Switzerland’s ChF19.7bn (e13.4bn) social security fund AHV has delayed investing 5% of the portfolio in hedge funds in order to focus on developing its global equity portfolio.
