All IPE articles in October 2001 (Online) – Page 2
-
News
SEK17bn Telia scheme tests hedge fund strategy
SWEDEN - The approximately SEK17bn Farsta-based Telia pensionsstiftelse (pension fund) for Swedish telecommunications company Telia, has made a foray into hedge fund investing to test the waters for future allocations to the asset class....
-
News
KLM in-house fund manager becomes Blue Sky Group
NETHERLANDS - The pension fund manager of the KLM retirement schemes with total assets worth e7bn, has changed its name in light of a proposed ownership change and is poised to market its services as a third-party provider to other Dutch pension schemes....
-
News
Unilever trustee chairman takes the witness stand
UK – Unilever and Merrill Lynch Investment Managers (MLIM) re-entered the high court today (Oct 25) for the second week of legal action, following the Unilever Superannuation fund’s (USF) decision to sue MLIM for £130m alleging negligence in the management of its assets between January 1, 1997 and March 31, ...
-
News
AIMR establishes $1m 'September 11' fund
US - The Association for Investment Management and Research (AIMR), which lost at least 56 of its members and chartered financial analysts (CFA) candidates in the terrorist attacks of 11 September, is establishing a $1m scholarship fund to benefit disabled survivors and the families of victims. ...
-
News
SRI principles aren't creating specialist mandates
UK – The investment industry has seen few specialist socially responsible investment (SRI) mandates, despite many pension trustees incorporating corporate social responsibility (CSR) policies into their statements of investment principles, says the Industrial Society (IS)....
-
News
Dellsperger becomes CSAM head of global equities
UK/GLOBAL – Credit Suisse Asset Management (CSAM) UK has appointed Peter Dellsperger as head of global equities products in London, but with supervision and responsibility for teams in London, New York, Tokyo and Zurich....
-
News
Fortis appoints Wohanka as CEO
BELGIUM – Fortis Investment Management (FIM) has appointed Richard Wohanka as chief executive officer (CEO) and member of the board....
-
News
Duke Street starts Spanish venture firm
SPAIN – London based pan-European fund management group, Duke Street Capital Group (DSCG) has launched Iberduke Capital Partners (IPC), a private equity fund management company based in Madrid....
-
News
JP Morgan creates failed trade analysis platform
US – JPMorgan Investor Services has launched the JPMorgan Trade Settlement and Relative Ranking System (JPMorgan TradeSTARR), a web based analytical platform designed to alleviate the problem of failed trades, which cost the investment industry an estimated US$1bn (€1.1bn) each year, according to JPMorgan....
-
News
EC says directive is essential for single market
EUROPE - The proposed pensions directive is the most important part of the EC plan for a single market for financial services by 2005, said Jean-Claude Thébault of the EC at the EFRP/NAPF International Pensions Conference in Brussels...
-
News
Member states are blocking 'prudent man' directive
EUROPE – As many as eight European member states may be blocking the proposed European Directive on occupational pension funds due to opposition to the prudent person investment rule, Othmar Karas, European Parliament rapporteur for the directive, has told the EFRP/NAPF International Conference in Brussels....
-
News
MEPs give green light to UCITS market expansion
EUROPE – MEPs have voted in favour of the two Council Common positions to expand the European market in unit trusts and UCITS (Undertakings for Collective Investments in Transferable Securities ) as reported on IPE-Newsline on October 11....
-
News
Sweden's AP1 fund chairman to retire
SWEDEN – The SKr134bn (€14bn) Första AP-Fonden (AP1), the first Swedish national pension fund, is to have a new chairman in the New Year, as current chairman Lennart Nilsson is to retire in January....
-
News
Pension funds should go for gold, says WGC
UK – Managers of pension funds and other institutional funds in the UK should not ignore gold when looking at alternative asset classes, according to Dr Robert Weinberg, head of institutional investment at the World Gold Council….
-
News
BGI offer new institutional asset allocation fund
UK – Barclays Global Investors (BGI) has launched the BGI UK Equity Ascent Asset Allocation Fund, which operates by taking positive and negative positions on 30 different equity, bond and currency markets....
-
News
JP Morgan Fleming launches global cash portal
GLOBAL – J.P. Morgan Fleming Asset Management (JPMF), has launched the Global Cash Portal (GCP), an internet-based platform enabling JPMF’s institutional treasury clients to access cash management products worldwide....
-
News
Hewitt becomes global equity director at FIS
UK – Friends Ivory & Sime (FIS) has appointed Peter Hewitt as director of global equities in its fund management team in London....
-
News
Insurers may win out in German pensions boom
GERMANY – The new German pensions market could exceed the current estimate of €53bn if the public sector joins the rush and tax reforms decided by the Supreme Court are implemented, says Commerzbank Securities (ComSec) in a special report on German pensions....
-
News
German savings banks to create new pensions arm
GERMANY - The German public savings’ bank network, the Deutsche Sparkassen- und Giroverbandes (DSGV), is to enter into a joint venture with its insurance equivalents in order to compete with its private rivals in the new pensions market in Germany, Dietrich H. Hoppenstedt, the network’s president, has said in an ...
-
News
GAM hires Thompson to expand European focus
FRANCE - Global Asset Management (GAM) has appointed Joanna Thompson as a director for Europe, a newly created position with specific responsibility of promoting GAM’s institutional operation in the French-speaking regions of Europe....
