All IPE articles in November 2001 (Online) – Page 3
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News
Mercer and Attica launch one-stop pensions product
UK – Consultant William M.Mercer has teamed up with multi-manager outfit Attica Asset management to launch a new investment service, Mercer 360, for smaller defined benefit (DB) pension plans in the UK....
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USF/MAM trial focuses on new management agreement
UK – The High Court trial between the Unilever Superannuation Fund (USF) and Merrill Lynch Investment Managers (MLIM), today (November 8) honed in on the period immediately before and after the establishment of the new investment management agreement (IMA), with MLIM chief operating officer (COO) Carol Galley continuing to be ...
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AMF Pensions gets GIPS accreditation
SWEDEN - AMF Pensions has become the latest Swedish investment outfit to gain accreditation under GIPS – the global investment performance standards....
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Hermes chief slams private equity industry
UK/EUROPE – Alistair Ross Goobey, the chief executive of Hermes Pensions Management has warned the private equity industry that it needs to cultivate a little more “humility” in its claims of outperformance, arguing that managers have confused a prolonged bull market with genius....
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Punter Southall names two new principals
UK – Consulting actuary firm, Punter Southall (PS), has promoted Gail Chorley and James Saunders to the position of principal, bringing the number of principals at the company to 23....
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Aon retains €3.4bn Philips fund admin brief
UK – Aon Consulting have retained the mandate to provide administration services to the €3.4bn Philips Pension Fund, the UK pension fund of major Dutch global electronics firm, Philips Electronics.....
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New Italian mutual fund database launched
ITALY – Ratings company and mutual fund information provider, Standard & Poor’s (S&P) has launched its Italian database, covering 1,170 Italian mutual funds and more than 1,580 foreign funds registered for sale in Italy....
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New EU report on Europe's pension demographics
EUROPE – A European report re-examining the demographic outlook for the continent and the budgetary impact of ageing populations on its pension systems in the future has been presented to the European Council of Economics and Finance Ministers (ECOFIN), as part of the European consultation process on pensions....
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Europe gets a thousand new CFA affiliates
EUROPE/GLOBAL – Over a thousand European investment professionals have passed the Association for Investment Management & Research’s (AIMR) CFA charter exam out of a total of more than 6,000 new affiliates worldwide....
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Pioneer lands Fidelity's Kremer as Germany manager
GERMANY – US investment fund house, Pioneer Investments, has lured Dominik Kremer from Fidelity to become the new general manager for the firm’s German office in Munich......
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Finnish social partners in last ditch pension plan
FINLAND – Finnish employers and trade unions have until Monday (November 12) to reach agreement on structural changes to the country’s first pillar pensions system, before the government steps in to take action....
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Aon wins Crown Estate pensions advisory brief
UK – Aon Consulting has been appointed as actuarial adviser, pensions consultant and scheme administrator to the £12m (€19.5m) defined benefit (DB) pension plan of the Crown Estate....
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Fortis opens new Irish funds office
IRELAND – Fortis Fund Services (Ireland) Ltd (FFSI) has opened a new branch office in Galway City, which is expected to employ over 50 people....
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Equity/bond split drives managed fund returns
GLOBAL – The allocation of investment between bonds and equities has become the driving force behind the performance of managed funds this year, as compared to regional asset allocation and equity exposure in 2000, says a performance report by Standard & Poor’s (S&P)....
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Mercury risk controls were inadequate, claims Q.C.
UK – Mercury Asset Management (MAM) operated an inadequate system of risk control in managing £1bn in pension assets for the USF fund and took too long to change its risk profile under the terms of a new investment agreement proposed by the Unilever fund, the High Court was told ...
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Pioneer Investments beefs up European team
US investment fund house, Pioneer Investments, has added a further member to its European team with the appointment of Marie-Laure Haley as vice president – global relationships....
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Russell in Spanish multi-manager alliance
SPAIN – Frank Russell Company has formed a strategic partnership with major Spanish financial organisation, Ahorro Corporación, to provide a comprehensive multi-management investment programme to retail investors....
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Crédit Agricole signs funds deal with AGF
BELGIUM – Crédit Agricole Asset Management (CAAM), the asset management arm of France’s largest retail bank, Crédit Agricole (CA), has announced that AGF Belgium Bank (AGF) has approved CA-Funds as one of its fund providers.....
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Hymans publishes top 50 UK fund manager survey
UK – London based international actuaries and consultancy firm, Hymans Robertson (HR), has published its 16th annual survey of the UK’s major pension fund managers, entitled The Big 50....
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Ray Martin new Scottish & Newcastle pensions chief
UK/FRANCE - Ray Martin, the former vice chairman of the European Federation for Retirement Provision (EFRP) and former chairman of the UK National Association of Pension Funds (NAPF) benefits committee, is to return to a senior UK pensions position on February 1 next year, as group head of pensions and ...