All IPE articles in November 2002 (Online) – Page 5
-
News
EC proposes new investment directive
EUROPE - The European Commission has proposed a new directive addressing transparency, competition and securities trading which could allow investment firms to operate across the European Union effectively. The move would replace legislation dating back to 1993.
-
News
Denmark: researchers analyse with-profits schemes
DENMARK - Two Danish researchers have modelled the bonus-crediting mechanism of with-profits policies issued by Danish pensions providers.
-
News
EU pensions directive reaches parliament
EUROPE - The European pensions directive inched forward last night when the European Council of Finance Ministers formally transmitted the new form of the directive to the European Parliament so that it can go through a second reading.
-
News
Standard Life to launch UK real estate fund
UK – Standard Life Investments is to launch a UK commercial property income fund, underpinned by a portfolio of properties let on long leases. The fund is targeting an annual gross dividend yield of 6.5%, and is estimated to reach 250 million pounds (394 million euros) in size when ...
-
News
Hedge funds see steady stream of interest - report
US - Institutions are showing a steady stream of interest in investing in hedge funds, according to new research by industry tracking outfit Tass.
-
News
Fidelity launches US growth fund in Europe
EUROPE - Fidelity Investments International has launched an America Earnings Growth Fund, targeting institutional investors who want exposure to US larger companies with strong earnings growth potential. The fund will be available initially to investors in the UK, France, the Netherlands, Switzerland and Norway.
-
News
Spain: Credit Suisse launches bond-only pension
SPAIN - Credit Suisse’s insurance and pensions division has launched a fixed income-only pension plan in Spain, citing new customer demand.
-
News
Fortis assets slide 10% as it posts net loss
BELGIUM - Fortis Bank – which has 12.67 billion euros in European pension assets under management – saw its assets under management slide by 10% in the first three quarters of 2002 as it posted a net loss in the third quarter.
-
News
Calpers private equity performance faces scrutiny
US - Calpers, the US’s largest public pension fund, may have to reveal the performance data and stocks of its 20 billion dollars of private equity investments, after making the information secret last year.
-
News
UK's Close Bros expands private equity team
UK – Close Brothers Private Equity, private equity arm of the UK merchant bank Close Brothers Group, has hired two new investment managers as the private equity business has taken off, expanding the team’s headcount to 13.
-
News
Commerzbank to sell US unit Montgomery
GERMANY – Commerzbank AG is to sell the greater part of its asset management activities of the US company Montgomery Asset Management in a bid to focus more on European asset management.
-
News
UK faces claims over pensions protection
UK – The UK government could be open to legal claims for failing to implement an EU directive protecting the pensions of employees of firms that become insolvent.
-
News
BNP sees fund 'cooperation' with Credit Lyonnais
FRANCE - BNP Paribas – citing possibilities for cooperation in, amongst other areas, fund management - has bought 10.9% of rival French bank Credit Lyonnais from the French state for 2.2 billion euros. Between them, the banks control 6.3 billion euros in European pension assets.
-
News
European custody market ‘lacks transparency’
EUROPE - A report commissioned by the European Asset Management Association has called for greater transparency in custody contracts and highlighted “ambiguity and uncertainty” about the liabilities of custodians in the event of operational failures.
-
News
Standard Life launches UK mid-cap fund
UK - Standard Life Investments has launched a UK small and mid cap equity fund, targeting both retail and institutional investors, called the UK Opportunities Fund.
-
News
EU Parliament to discuss pensions on Wednesday
EUROPE - The European Parliament’s Economic and Monetary Affairs Committee is to discuss the latest draft of the EU pensions directive on Wednesday.
-
News
UK: Hackney tenders mandates worth e710m
UK – The London Borough of Hackney has put out to tender a series of mandates, including a transition mandate, for the whole of its 450 million pound (710 million euro) pension fund. The scheme’s assets are currently managed in-house and by Barclays Global Investors (BGI) on a balanced basis.
-
News
European pension funds' FX costs are 'too high'
EUROPE – European pension funds could make significant savings by paying attention to the rates they are charged on foreign currency transactions, according to consultants Mercer Investment Consulting and Record Currency Management.
-
News
Germany: Eichel seeks wider pension contributions
GERMANY – Hans Eichel, Germany’s finance minister, has made further suggestions on how the state’s pension system should be changed. In an interview with ‘Focus’ magazine, Eichel explained that self-employed citizens, civil servants and politicians should be contributing to the country’s social security system for their retirement provision.
-
News
Aegon to buy Dutch pensions administrator
NETHERLANDS – Aegon’s Dutch subsidiary, Aegon Nederland NV, has said it is in talks to acquire TKP, the administration agency created by the Dutch posts and telecoms pension funds, in a bid to break into the Dutch larger pensions market. Price has not been disclosed.
