All IPE articles in November 2001 (Online) – Page 6
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News
Jupiter buys Lazard's managed funds business
UK – Jupiter Asset Management is to acquire the independently managed funds business of Lazard Asset Management in a deal worth approximately £250m (€401.6m)....
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Germany allows pension funds 100% equity scope
GERMANY – Germany’s new pension fund industry has been given a significant boost by the announcement of the finance and labour ministries that the new funds will not now be restricted in their asset allocation policies....
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Estonia launches funded pensions system
ESTONIA - Estonia is to introduce a funded second pillar pensions system from January 1 next year, with expectations that around 400m Estonian kroons (e26m) could flow into funds in the first year in a system that is open to domestic and foreign banking outfits....
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SFr10bn Swiss Post fund gets go ahead
SWITZERLAND – The country’s Conseil Fédérale today gave the final green light to the transfer of some 70,000 postal workers from the traditional federal pension plan into an SFr10bn (e6.5bn) pension foundation for the Swiss post office....
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Survey says Dutch fund governance needs to improve
NETHERLANDS - Half of Dutch pension fund board members in small schemes spend less than five hours a month on fund business, while there is a lack of specific investment knowledge amongst pensions boards, according to a survey on pension fund governance by Frank Russell and the Amsterdam Vrije ...
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Portuguese Q3 pension fund performance dips
PORTUGAL – Portuguese pension fund returns mirrored the negative trend in financial markets for the third quarter of 2001 by registering a median return of –3.6%, according to figures produced by consultant Watson Wyatt....
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Contributions to DC plans worryingly low, says ACA
UK – Low contribution levels into the defined contribution (DC) pension schemes of smaller companies will spell misery for pensioners in years to come, says a survey conducted by the Association of Consulting Actuaries (ACA).
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Northern Trust poaches senior Citigroup consultant
EUROPE - Northern Trust Global Investments (Europe) has hired Lucy Cooke from Citigroup Asset Management to become a senior institutional relationship consultant....
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Instinet adds European credit product trading
EUROPE – Electronic brokerage agency, Instinet, is expanding its fixed income electronic trading capabilities to include credit products in Europe, in a bid to reflect the rise in issuance and trading in euro denominated products over the past two years.....
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New European fixed income manager launches
UK/JAPAN – BlueBay, a new European fixed income specialist asset management company has been launched today, with a hedge fund scheduled for launch as its first product early next year....
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SEI cleans up with £55m Davis Service mandate
UK – Multi-manager outfit, SEI Investments, has won a £55m (€88m) global equity mandate from the Davis Service Group (DSG) Retirement Benefit Scheme, SEI’s fifth mandate win this year....
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Germany ripe for private equity growth
GERMANY – The hitherto disappointing German private equity market is entering a transition phase that will lead to a more sustainable and attractive investment environment, despite a slowdown in the growth of private equity assets last year, says a report by AltAssets, the alternative investments research company....
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New system aims to combat pensions mis-selling
UK – E-business solutions provider, Aqera, has launched a commercially available on-line system, Collaborative Business Review System, which is specifically designed to help eliminate the mis-selling of financial products.
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Thomson launches online analysis and research tool
UK – Major financial data provider group, Thomson Financial, has launched an online investment research and analytical tool for institutional investors, called First Call Analyst.
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Ashburton launches new euro sub fund
UK – Jersey based asset management company, Ashburton, has launched two new sub funds within its Isle of Man domiciled Ashburton Global Funds umbrella.
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Standard Life shows confidence in equities
UK – Standard Life Investments has increased its exposure to Asian equities at the expense of cash, despite anticipating that the equity markets will remain volatile.
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Towers Perrin and Rauser to assist German pensions
GERMANY – Towers Perrin and Rauser AG, a major German retirement benefits consultancy firm, have established Rauser Towers Perrin GmbH, a new joint venture company that aims to assist companies across Germany in their pension programmes.
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ABP and VKG/CPM win first IPE investment award
EUROPEAN SPECIAL – ABP, the €148bn Dutch civil service pension fund and VKG/CPM, the €520m Belgian pension fund for doctors, dentists and pharmacists, were named as the European winners for Investment Strategy at the first ever IPE-Awards ceremony for pension fund excellence, held in Brussels last night (November 27).
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Belgacom & Diageo among IPE award winners
EUROPEAN SPECIAL – Belgacom, the €3.5bn pension fund for the Belgian telecommunications group and the UK’s Diageo, the €5.2bn scheme of the global drinks firm, were heralded as the first ever European winners for Fund Structure and Administration at the inaugural IPE-Awards ceremony for pension fund excellence held in Brussels ...
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Morley lures Dresdner chief for European COO slot
EUROPE - Morley Fund Management (Morley) has lured Nick Alford from Dresdner RCM to become the group’s new European chief operating officer (COO)....
