Markets – Page 289
-
News
Legal & General scoops £240m from Northumberland
UK - The £430m (e694m) Northumberland County Council Pension Fund has appointed Legal & General to a £240m passive global equity brief, shedding its previous balanced arrangements with Schroders and Merrill Lynch Investment Managers....
-
News
Skinner to head Gartmore fixed-income team
UK – Gartmore Investment Management has appointed Paul Skinner as head of fixed income business development....
-
News
Citibank in Ukraine securities services tie-up
UKRAINE – Citibank Worldwide Securities Services (CWSS) has expanded its presence in Eastern Europe with the appointment of ING Bank Ukraine as its agent bank in Ukraine....
-
News
Danish pension insurers in bonus reserve wipeout
DENMARK – PFA, the Danish insurance group has announced losses of some DKK 18.2 billion – completely wiping out the group’s bonus reserves and forcing it’s pensions arm into emergency talks with the Danish Financial Supervisory Authority - as a result of falling equity markets after the shock in the ...
-
News
Merrill Lynch investment chief quits the firm
US - Merrill Lynch has announced that Robert Doll has been promoted from the position of CIO to president of Merrill Lynch Investment Managers (MLIM) in a move that sees him replace former MLIM chief, Jeffrey Peek, who is leaving the firm....
-
News
Europol scheme retenders for managers
NETHERLANDS/EUROPE – The e3.5m The Hague based Europol pension fund, the scheme for officials of Europe’s police organisation has reopened a tender for administration, investment management and risk coverage of the fund that it abandoned earlier this year after poor response from investment managers....
-
News
Belgian health sector fund could attract 250,000
BELGIUM – Yesterday’s announcement in Brussels that the VKG-CPM, €552m Belgian pension fund for doctors, dentists and pharmacists, had established a new supplementary healthcare sector pension fund, ‘Amonis’, with a potential active membership of 250,000, is possibly one of the most significant in the Belgian pensions and investments markets in ...
-
News
GAM launches delayed US equities fund
UK/US – Global Asset Management (GAM) has launched a new Dublin domiciled large and mid-cap US equities fund, GAM Star American Focus....
-
News
Swedish pension fund fills all executive posts
SWEDEN – The Second Swedish National Pension Fund AP2 has appointed Petter Odhnoff as chief investment officer (CIO) and Lennart Jonsson as head of communications
-
News
Russell wins e80m Dutch pension fund mandate
NETHERLANDS – The pension fund of international Dutch operating industrial and technology company, Stork, has appointed Frank Russell Company to manage an approximate €80m world-wide equity mandate for its €1.5bn pension fund....
-
News
JP Morgan lands £4.2bn Prudential fund custody
UK – JP Morgan Investor Services Europe, Middle East and Africa (EMEA) has been appointed as global custodian to the £4.2bn (€6.7bn) Prudential Staff Pension Scheme (PSPS)....
-
News
Banks begin post US tragedy allocation reviews
US SPECIAL – Investment banks are beginning to review their asset allocation strategies in light of the US tragedy on September 11, with most sticking to their long-term policies and noting that political events going forward may shape strategy much more sharply than the terrorist atrocities in New York.....
-
News
Roberts is new COO at Jones Lang Lasalle
UK/US – Jones Lang Lasalle (JLL) has appointed Peter Roberts as the company’s executive vice president and chief operating officer....
-
News
WestLB suspends Luxembourg fund calculations
US SPECIAL - LUXEMBOURG - The board of directors of the Luxembourg-based WestLB Compass Fund, have suspended the calculation of net asset values (NAV) for its sub-funds, following on from the terrorist attacks in the US on Tuesday....
-
News
One in five Swedes makes active PPM choice
SWEDEN - Less than a fifth of Swedes made active investment fund choices in the latest round of contributions to the country’s PPM system, according to figures emerging from the country’s Premium Pension Authority (PPM)...
-
News
Europe's indices halt trading as mark of respect
EUROPE/US - European stock exchange indices responded to the tragic events in the US yesterday, by carrying out a one-minute silence and simultaneous halt of trading at 2.45pm CET today....
-
News
AXA pulls in former UBS chief to head up equities
UK/Global - AXA Investment Managers (AXA IM) has lured Richard Semark from UBS Asset Management to become its London-based global head of equity trading, with effect from November 1....
-
News
POSIT crosses to Sweden and Finland
EUROPE - ITG Europe, the technology-based equity trading services group, is extending the reach of its POSIT intraday crossing system to cover equities from Sweden and Finland....
-
News
Swiss banker becomes AIMR chairman
SWITZERLAND/US - Philippe Sarasin, managing partner with international investment bank Lombard Odier & Cie in Geneva, Switzerland, has been elected chair of the board of governors of the 50,000-member Association for Investment Management and Research (AIMR).....
-
News
CSAM appoints European equity research head
Credit Suisse Asset Management (CSAM) has appointed Ella Brown to the position of London head of European equity research....
