All IPE articles in November 2006 (Online) – Page 9
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News
PWC names global investment management head
GLOBAL – PricewaterhouseCoopers has named Marc Saluzzi as the new global head of its investment management and real estate group.
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Asset management fees stable since 2004 – Mercer
GLOBAL – Institutional asset management fees have remained stable since 2004, according to Mercer Investment Consulting.
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Row over PMT’s involvement in hedge funds
NETHERLANDS – Dutch trade union FNV is demanding that PMT, the €30bn Dutch pension scheme for metalworking and mechanical engineering, withdraw its investments from Paulson, the activist hedge fund.
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Bank of NY looking for European pensions head
EUROPE – The Bank of New York is looking to appointment someone to be responsible for its entire European pensions business, managing director Robert Darmanin said today.
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Dutch govt amends communication matrix
NETHERLANDS - Dutch Social Affairs minister Aart Jan de Geus has changed the indexation matrix of the new financial assessment framework FTK, in order to enhance the clarity on communication to participants in pension schemes.
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Ex-Hermes deputy CEO Metcalfe joins First State
UK - Charlie Metcalfe, the former deputy chief executive at Hermes Pensions management, has been named as CEO of First State Investments.
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Schroders, BBC keep mum on mandate report
UK – Both the BBC and Schroders have declined to comment on a newspaper report that the broadcaster has axed the asset manager from running a pension fund mandate.
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Management accountants warn on LDI risk
UK – The Chartered Institute of Management Accountants has warned that adopting a Liability Driven Investing strategy could mean missing out on excess return.
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Half of Dutch funds mull fiduciary move - KPMG
NETHERLANDS – Almost half of Dutch pension funds are considering transferring their investment management to fiduciary managers, a study by accounting firm KMPG has found.
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Swedish blue-collar workers want white-collar pensions
SWEDEN – With the new collective DC scheme for Swedish white-collar workers set to come into effect in January, blue-collar workers are looking to get back to the negotiating table to get the same deal.
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Warning over €58bn of univested buyout funds
EUROPE – There was a warning today from mezzanine finance specialist Intermediate Capital Group that the European private equity buyout market, with some €58bn of uninvested funds, is overheating.
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Unilever sets up pension hedge fund vehicle
GLOBAL – Unilever’s pension funds in 42 countries will soon be able to invest into funds of hedge funds via a vehicle created by Unilever Investments (Univest).
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Cambridge University names CIO for €1.8bn
UK – The University of Cambridge has named Man Global Strategies’ Nick Cavalla as its first chief investment officer - to oversee more than £1.2bn (€1.8bn).
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PGGM looking to expanding SRI team
NETHERLANDS – The €77bn (£52bn) Dutch healthcare scheme PGGM is looking to expand its responsible investment team with senior advisors, the fund said.
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IPE-QUEST: Eastern European equities tendered
CANADA – iNFiNi-t Wealth Management Advisers has tendered $1m in active Eastern European mid- and large-cap equities for a Canadian client via IPE-Quest.
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Roche pension chief ‘in Swissfirst trade’ - paper
SWITZERLAND – The pension investment head for Swiss pharmaceuticals giant Roche personally profited from trading with shares of Swissfirst bank in September 2005, Swiss daily Blick reported today.
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Barclays Global Investors’ Europe CEO to leave
GLOBAL – Nigel Williams, chief executive of Europe and Asia (excluding Japan) at Barclays Global Investors, is to retire in mid-2007 and be replaced by David Semaya.
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UK government publishes new Pensions Bill
UK – The UK government has published its long-trailed Pensions Bill, including provisions to set up a “delivery authority” for the proposed national pensions accounts system.
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Belgian firms facing DC “nightmare”
BELGIUM – Belgian companies operating defined contribution (DC) schemes could soon face a financial and human resources “nightmare” in managing their ageing workforces, pension consultants say.
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Nordea asset head to take over as CEO
EUROPE - Christian Clausen, Nordea’s head of asset management and life, is to take over from Lars Nordström as president and group chief executive.
