All IPE articles in October 1997 (Magazine)
View all stories from this issue.
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Features
Play your cards to best advantage
Securities lending is a means for pension funds to make their assets work harder. On this page, Rachel Oliver looks at how some pension funds are exploiting the market. Opposite, Mark Faulkner examines the options for those testing the water. On subsequent pages, John Lappin talks to the borrowers and ...
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Features
Privatised AGF ventures out
In its first foray into asset management outsourcing, French insurance giant AGF has awarded a clutch of mandates worth Ffr2bn ($340m). And it has already launched another search for fund managers to look after a further Ffr2.5bn of assets.The next mandates will be in the investment areas of global high-yield ...
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Features
Getting all in one picture
Eastman Kodak could become the first multinational to establish a pan-European system that will allow it to manage its European assets as if they were in one investment pool.By the end of 1998 all assets in Europe will be managed centrally on a long-term eq-uity basis, saving the company an ...
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Features
PGGM appointment
The Dutch health and welfare pension scheme PGGM has appointed Roderick Munsters as its new director of investments, based in Zeist. He takes up the position in the new year and will take over from Gerard Wieringa, who retires at the end of 1997. Munsters, who is 33, is currently ...
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Features
Nikko appointment
Nikko International Capital Management, with £11bn under management, has appointed Tony Thomson as managing director of NICAM (UK). This is a newly created position within the company, though he takes over in London from David Somers who left the company last month. He joins from Foreign & Colonial where he ...
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Features
Pension funds test asset limits
The Danish system of pension investment limits is under pressure from an unusual quarter. A 30% rise in the value of the Copenhagen Stock Exchange has created problems for two of the largest public sector pensions funds. ATP (Arbejdsmarkedet Tillaegspension) and LD (Lomodtagernes Dyrtidsfond) have found themselves close to the ...
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Features
Sedgwick backs French
Sedgwick Noble Lowndes has placed its faith in the development of French retirement market, despite the stalled law, by basing the first of a number of European ‘centres of excellence’ in Paris.The move has been prompted, the company says, by the increasing privatisation of benefit provision in Europe. In addition ...
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Features
World Bank loan for Hungarian pensions
The World Bank is loaning $150m to the Hungarian government to support the introduction of the new mandatory pension system.Roberto Rocha, principal economist in the World Bank regional office in Budapest says: We are giving them a loan because this transition is going to have some costs. We are helping ...
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Features
Belgacom sticks with State Street
State Street Banque in Paris has won the latest mandate awarded by the Belgacom Pension Fund, Belgium’s largest funded pension scheme. The mandate, for Bfr8.6bn ($236m), is to be managed passively on a balanced basis. It is the second mandate to be won by State Street, which was awarded one ...
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Features
The benchmarking debate: A complex problem
It is widely agreed that a reasonable and consistently applied method of evaluating securities lending performance would benefit both lending clients and their agents. But significant differences of opinion over the best way to establish objective performance measurement criteria have developed within the industry. The approach most commonly proposed is ...
