All IPE articles in October 2001 (Online) – Page 4
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News
JP Morgan picks up Queen's award for enterprise
UK - JPMorgan Investor Services has picked up the coveted Queen’s Award for Enterprise in International Trade 2001 for its global processing hub in Bournemouth, England – the first such honour to be bestowed upon the investor services business....
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AXA IM confirmed as GIPS compliant
AXA Investment Managers (AXA IM) has been confirmed as compliant with GIPS - the Global Investment Performance Standards, as well as attaining the Association for Investment Management and Research’s (AIMR) PPS grade (Performance Presentation Standards)....
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Investia installs first European online platform
LUXEMBOURG – Financial services software provider, Investia, has installed its first European online fund processing platform at JP Morgan Investor Services in Luxembourg....
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£750m Cumbria fund picks Deutsche for custody
UK – The £750m (€1,199m) Cumbria County Council Pension Fund has appointed Deutsche Bank as global custody services provider for the scheme’s assets....
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Deutsche GSS hires new Italian client head
ITALY – Deutsche Bank (DB) have appointed Jean-Marc Crépin as head of customer management for its Global Securities Services (GSS) operations in Italy....
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State Street to manage $130m for Shell Foundation
UK – The London-based Shell Foundation, an independent charity funded by holding companies of the Royal Dutch/Shell Group, has selected State Street Global Advisors (SSGA) to manage a US$130m (e144m) multi asset index mandate....
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Belgacom fund chief quits for Fortis role
BELGIUM – William Van Impe, the general manager of the e3.5bn Brussels-based Belgacom pension funds is to leave the firm at the end of the month to take up a new position within the Fortis insurance group....
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Länsförsäkringar outsources SEK4bn to managers
SWEDEN – Swedish insurance group Länsförsäkringar Liv has outsourced approximately SEK 4bn (e420m) in North American and European equities – the equivalent of 5 % of its total assets – with the purpose of creating competition between internal and external managers....
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European Parliament seeks to expand UCITS rules
EUROPE – The European Parliament’s Economic and Monetary Affairs Committee (EMAC) has approved two new Council “Common Positions” to expand the European market in unit trusts and other UCITS products – in a move that includes “OTC” (over-the-counter) derivatives for the first time....
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Soc Gen and Mellon in employee savings tie-up
FRANCE/US – Société Générale (SG) and Mellon Investor Services (MIS) have formed a partnership to manage employee stock option and shareholder plans for multinational US and continental European corporate issuers....
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Axa strengthens equity research
UK – Axa Investment Managers has added two new analysts to its equity research team in London. Both will cover financials.
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Swiss fund abandons currency overlay strategy
SWITZERLAND - The SFr19bn (e12.8bn) Canton of Zurich (BVK) pension fund has scrapped a currency overlay mandate with State Street, citing disappointment with the results compared to the cost of the programme....
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Swiss parliament rejects tax on pension funds
SWITZERLAND – The Swiss pension industry is confident the House of Representatives ( HR) will go the same way as the country’s lower house, which recently voted against levying stamp duty on the country’s domestic funds, says Peter Wirth of the Versorgeforum, the Swiss second pillar pensions forum.
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Watsons pulls in new HR consultants from industry
UK – Watson Wyatt has boosted its eHR consulting team with the appointment of two new consultants from industry, Ranbir Heyre from Microsoft and Guy Riches from Infinium Software....
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Credit Suisse buys SLC Asset Management
UK - Credit Suisse Asset Management (CSAM) has acquired SLC Asset Management Group (SLCAM), the UK asset management subsidiary of Sun Life Financial of Canada, in a deal that will add around £11bn to CSAM’s assets under management.....
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German pensions consultant registers with US SEC
GERMANY/US – Siemens Financial Services (SFS) pension advisory team has become the first German pensions consultant to be registered with the US Securities and Exchange Commission (SEC)....
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Northern Trust in €125m Italian multi-manager win
ITALY – Northern Trust Global Investments (NTGI) has won a mandate to run four €125m seeded mutual funds for Italian banking group, Mediolanum.
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News
Unilever/Merrill case enters the High Court
UK - The £4bn Unilever Superannuation Fund (USF) finally brought its £130m (e207m) law suit against Mercury Asset Management (now Merrill Lynch Investment Managers) to the High Court today, despite weeks of negotiation in an attempt to settle the case out of court....
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France must fund reserve rapidly, says think-tank
FRANCE – The French government should fund the country’s pensions reserve fund as quickly as possible and ensure the money is managed in a dynamic fashion as one of a number of measures to avoid the much trailed “demographic shock” of 2040, according to French think-tank Futuribles....
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NeoNet connects equity platform to Euronext
EUROPE/US – Stockholm and New York based real-time electronic equity trading services provider, NeoNet, has connected to the Euronext exchange platform....
