All IPE articles in May 2002 (Online) – Page 3
-
News
Co-op fires MLIM and considers legal action
UK- The Co-operative Group’s £2.1bn pension fund has fired Merrill Lynch Investment Managers (MLIM) for underperformance on a £500m active mandate and is now considering legal action with the law firm Richards Butler.
-
News
AP6 and Nordico Invest launch Nordic venture fund
SWEDEN – Swedish state pension fund, AP6, is to merge one of its business units, Industrial Equity, with Swedish private equity outfit, Nordico Invest, to create a new venture fund for medium-sized companies in the Nordic region.
-
News
FTSE makes SRI index entry tests more stringent
UK- Index provider FTSE Group has revised its SRI indices FTSE4Good and introduced more comprehensive environmental standards that companies have to meet to qualify for inclusion. FTSE says the changes mean that all companies, not just those most likely to affect the environment, will have to meet the more rigorous ...
-
News
AXA launches asset backed securities group
FRANCE- AXA Investment Management has announced the launch of a specific asset backed security investment group to manage and expand the group’s e3bn asset backed security business.
-
News
Belgian metal industry sets up white collar scheme
BELGIUM - The support within the Belgian metal industry for the pension fund being set up for white collar workers will be known next month, says Fritz Potemans of Agoria, the Brussels-based association for employer groups in the industry.
-
News
Wacker-Chemie offers Riester plan in Pensionskasse
MUNICH - Chemical giant Wacker-Chemie is actively promoting the Riester deferred compensation pension plan throughout its workforce in Germany, based on the joint agreement for the chemical industry.
-
News
Working groups likely to pass Spanish compromise
EUROPE- The various EU member state pensions working groups convene next week for the last meeting before the occupational pensions directive heads for the Council at the beginning of June.
-
News
AIMSE opens debate on Dutch third party management
NETHERLANDS- AIMSE International, the association for investment management sales and marketing professionals, is organising a meeting focusing on the emerging trend for large Dutch pension funds to set up their in-house investment teams as third-party asset managers.
-
News
Gartmore restructures UK equities division
UK- Jon Thornton, head of UK equities at Gartmore, has announced a restructuring of the Group’s UK portfolio construction teams following poor performance and a number of recent staff departures.
-
News
Hymans appoints two heads of manager research
UK- Actuarial and consulting firm Hymans Robertson has appointed Clare Gardner and Vince McEntegart as co-heads of manager research.
-
News
BNP buys fund administrator Cogent from AMP
FRANCE/UK- BNP Paribas Securities Services, a subsidiary of the bank BNP Paribas, is to buy the international fund administration operation Cogent from the Australian bank AMP. The French bank’s securities services division operates elsewhere in Europe but the acquisition gives it a significant new presence in the UK market.
-
News
Nortel axes Jupiter from UK equities mandate
UK – The £1.6bn (€2.5bn) Nortel Networks UK Pension Plan has dropped Jupiter Asset Management from its manager roster. Jupiter was running a UK equities mandate, the size of which is undisclosed.
-
News
Standard Life branches out into Europe
UK- Standard Life Investments has signalled its intention to move into the European marketplace with the appointment of Neil McPherson as head of European business development.
-
News
Robur sets up corporate governance subsidiary
SWEDEN – Sweden’s largest mutual fund company, Robur, has created a new holding company specifically for corporate governance issues, Robur Fondholding. Chairman of the new company will be Anders Sahlén, current chairman of Robur.
-
News
HSBC names Martin head of Global Investor Services
UK – HSBC Global Investor Services (GIS), the financial services group’s global custody division, has appointed Mike Martin as its new head. He replaces Steve Crockford, who is leaving in August to pursue a career outside the financial services industry.
-
News
UK Government launches DC information for members
UK – The government has announced it is publishing a new set of guidelines to improve the quality of information available to members of defined contribution schemes.
-
News
Electrolux poaches Eklund from Ericsson
SWEDEN – The Stockholm-based pension fund of Swedish electrical appliances group, Electrolux, has poached Hans Eklund from the pension fund of telecoms group, Ericsson, where he was international benefits manager.
-
News
CalPERS CEO to retire this Autumn
US- Chief executive of the $150 CalPERS pension fund James Burton is leaving the post this autumn after seven and a half years in order pursue a career outside of public service.
-
News
Scottish Widows' global liquidity fund approved
UK- Edinburgh-based Scottish Widows Investment Partnership (SWIP) has received regulatory approval from the UK Financial Services Authority (FSA) to begin marketing the firm’s Global Liquidity Fund in the UK, giving the firm access to a market it says could be worth tens of billion of pounds in pension fund, insurance ...
-
News
Rogers to succeed Dobson as UKSIP chief executive
UK- The UK Society of Investment Professionals has announced the appointment of John Rogers as a replacement to retiring chief executive Sir David Dobson.
