All IPE articles in November 2002 (Online) – Page 3
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News
Belgacom eyes mandate and management change
BELGIUM - The pension fund of Belgium’s telecommunications provider, Belgacom SA, has announced that it will be looking for fund managers in the near future. The nature of the mandate(s) has not yet been decided, but the tender(s) is/are expected in the coming months.
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Dresdner wins e45m HBG Asian mandate
NETHERLANDS - Holland Beleggings Groep (HBG), subsidiary of insurance giant Zwolsche Algemeene, has appointed Dresdner RCM to manage its 45 million euro Asian equity mandate. The fund was formerly managed by Lombard Odier.
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UBS Q3 asset management profits tumble
SWITZERLAND - UBS’s asset-management arm’s profits more than halved in the third quarter, hit by falling asset values and declining fees.
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ABP investment chief to speak at IPE Awards
Amsterdam – The chief investment officer of Europe’s largest occupational pension fund is the featured speaker at the IPE Awards in Amsterdam on Wednesday November 13. The theme of the event is “Living in turbulent times.”
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European funds using more US managers
EUROPE - European pension funds are using more non-domestic managers – in particular US-based ones, according to a report by Mercer Human Resource Consulting. Of the top 20 managers of European pension funds, 15 listed the US as one of their home countries.
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GSAM names new fixed income and currency boss
EUROPE- Goldman Sachs Asset Management has named Philip Moffitt as the new co-head of the London-based global fixed income and currency team alongside Andrew Wilson. Moffit joined Goldman Sachs three years ago as a senior portfolio manager in the currency team.
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Beerling takes top pensions admin job at SFB
NETHERLANDS- The administration arm of Dutch financial services company SFB Groep has named Frans Beerling as its new director following the death of Joop van Wees earlier this year.
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German pensions: Allianz takes 20%
GERMANY - Insurer Allianz says it has a market share of 20% in Germany’s state-funded pension market – although take-up by private individuals remains “slow”.
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ABP says funds need longer investment horizons
NETHERLANDS- Jean Frijns, CIO of Europe’s largest pension fund, the 146 billion Euro Heerlen-based ABP, today opened the seminar for the second annual IPE Awards with a warning to pension funds that extreme market events are becoming more frequent - resulting in greater short-term volatility and a need for longer ...
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Euronext announces complete restructure
EUROPE- Pan European exchange Euronext has announced a complete restructuring that will see it divided into four separate business units.
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AWARDS FEATURE- Europe's top managers on strategy
Senior managers at some of Europe’s top pension funds agree on one thing: that they are investing for the long term, though they differ on how to achieve their aims in terms of how they manage their funds, allocate assets and monitor their absolute returns. The executives were speaking at ...
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KAS wins Johnson equity custody mandate
UK - The 110 million pound (173 million euro) pension scheme of UK textile rental and dry-cleaning company Johnson Group has appointed KAS BANK N.V. as custodian to its global segregated equity mandate, managed by Wellington Management International.
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AP3 and Boots win top IPE awards
NETHERANDS - Sweden’s AP3 and the UK’s Boots were named the best European pension funds for their investment strategy at the second annual IPE European pensions industry awards last night in Amsterdam.
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BGI tops Mercer’s European pension listing
EUROPE - Barclays Global Investors ranks first in terms of European pension fund assets under management, according to Mercer Human Resource Consulting. The UK/US based fund manager has a total of 147.9 billion euros in segregated and pooled European pension fund assets.
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MLIM faces another UK mandate loss
UK - Merrill Lynch Investment Management risks losing its third mandate in a month with the north-west London local authority of Harrow putting out to tender a 90 million pound (141.14 million euro) global equity mandate which it currently manages.
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AWARDS FEATURE - managers discuss fees
AMSTERDAM - Low management fees are not necessarily the best management fees, believe senior managers at some of Europe’s top pension funds. Addressing pension market professionals at a seminar at the IPE annual awards in Amsterdam on Wednesday, the panel of five gave their opinions on how to control investment ...
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Finland: discretionary management to rise
FINLAND - Around 20% of Finnish institutional investors say they will increase their use of discretionary and mutual fund management by the end of 2004, according to an industry report released in November by Scandinavian Financial Research (SFR).
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FTSE to launch Barclays’ European ETFs
UK - Index provider FTSE Group is to launch eight tradable indices that will go live with Exchange Traded Funds issued by Barclays Global Investors’ iShares division.
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Philippe hires ex-Merrill Europe equity executive
UK - Philippe Investment Management has hired former Merrill Lynch Investment Management European specialist equity chief Consuelo Brooke, with Brooke taking a 5% stake in the company.
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Pioneer completes Momentum acquisition
ITALY - Unicredito Italiano’s Pioneer Global Asset management unit has completed its previously announced 110 billion dollar (109.6 million euro) acquisition of hedge fund company momentum group. Pioneer says the move strengthens its position in the alternative investments market.
