All IPE articles in October 2001 (Online)
View all stories from this issue.
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News
AXA Rosenberg wins £44m from Ciba scheme
UK – London based quantitative asset manager, Axa Rosenberg, has won a £44m (€71m) pan-European equity mandate from the £449m pension scheme of Ciba Specialty Chemicals UK….
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Gruver joins SEI as UK institutional director
UK – SEI Investments has appointed Marianne Gruver as director to its institutional team in London, with specific responsibility for the development of trustee directed products and solutions....
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USF may not have 'sufficiently' monitored Mercury
UK – The Unilever Superannuation Fund (USF) may not have sufficiently monitored the performance of its investment portfolios, nor considered what would happen in the likelihood that managers would underperform over a longer period than outlined in their manager agreement, it was alleged in the high court today, in the ...
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Unilever fund CIO Wendy Mayall in the witness box
UK - Wendy Mayall, chief investment officer (CIO) of the Unilever pension fund, today (Oct 30) took to the witness stand in the high court to defend the Unilever Superannuation Fund’s (USF) decision to sue Merrill Lynch Investment Managers (MLIM ) for £130m (e210m) alleging negligence by Mercury Asset Management ...
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ABP signs up to AIT market neutral fund
US/EUROPE - Advanced Investment Technology (AIT), a unit of State Street Global Alliance – the firm’s strategic partnership with e150bn Dutch pension fund ABP to invest seed capital in fledgling specialist asset management firms, has launched a long/short market neutral strategy product, securing ABP itself as its first client..... ...
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Country 'leaders' named in European pension awards
EUROPE – The first ever pan-European awards to recognise pension scheme excellence in investment and fund structure/administration has reached its preliminary stages by naming the ‘Country Leaders’ in each category before they go ahead to a glittering Brussels ceremony to find the continent’s most professional funds....
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HypoVereinsbank lands German chemical sector deal
GERMANY – The Munich based financial services group, HypoVereinsbank (HVB), is to set up and manage the new industry-wide German chemical workers pension fund, as reported by IPE-Newsline on October 4....
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Man launches new capital guaranteed hedge funds
EUROPE – International alternative investment management company, Man Investment Products (MIP), has launched its latest capital guaranteed product, Man Multi-Strategy Series 3 Ltd, which will be available in both US$ and Euro class bonds....
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Boots fund bond bias may herald UK trend
UK – The decision by the £2.3bn (e2.7bn) Boots group pension fund to switch to a 100% bond portfolio yesterday, as reported on IPE-Newsline, could signal the start of a trend amongst pension funds, but one that will be restricted to the UK, says Avinash Persaud of State Street....
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NAPF and FMA initiate trading costs code
UK – The UK National Association of Pension Funds (NAPF) and the Fund Managers’ Association (FMA) are to set up a disclosure code on trading costs for fund managers.....
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Dresdner races home with £64m Pirelli fund brief
UK – Dresdner RCM Global Investors has been selected to run a £64m (€103m) global equity mandate by the London based Pirelli Common Investment Fund, the Italian tyre and cable company’s UK pensions’ arm....
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Schemes will have to go public, says consultant
UK – Pension fund managers will soon be obliged to act as if their funding and investment strategies were entirely in the public domain, a pensions and benefits conference organised by UK consultant, Hymans Robertson, has been told.....
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Sweden's Alecta appoints new marketing head
SWEDEN – Hans Bergenheim has been appointed as marketing director at SKr340bn (€36bn) Alecta, the Stockholm based pension plan and asset management firm....
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£2.3bn Boots fund sells entire equity holding
The £2.3bn (e3.7bn) pension fund of the Boots group has sold its entire equity and short-term bond investments and switched its allocation to sterling long-dated fixed rate bonds in a shift that the fund says will save it around £10m per annum in management fees.....
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AXA IM creates new alternative assets division
UK/FRANCE - AXA Investment Managers (AXA IM) has created a new structured and alternative investment management (SAIM) division within the firm to house its structured and hedge fund businesses....
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Alan Pickering named as EFRP chairman
EUROPE – Alan Pickering, the former chairman of the UK National Association of Pension Funds (NAPF) has been named as the new chairman of the European Federation for Retirement (EFRP), replacing Kees Van Rees, who leaves EFRP after chairing the association during the last four years (October 1997 – October ...
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Russell poaches Towers consultants for London team
UK – Frank Russell Company (Russell) has poached two new consultants from rivals Towers Perrin for its institutional investment services team in London....
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Size will matter in new German pensions market
GERMANY – Size will matter in the new pensions market in Germany, says Commerzbank Securities (ComSec) in a research paper entitled, German Pensions – Racing for a bigger prize....
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Sweden's SEB Group in executive shake-up
SWEDEN - Annika Bolin has been appointed as head of the corporate and institutions division at Swedish investment manager SEB Group, after Monica Caneman, the current head of the division decided to leave the firm....
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BBSP moves into UK fund management market
FRANCE/UK – Paris based market forecasting specialist company, BBSP, has announced its intention to move into the UK’s fund management market....
