All IPE articles in October 2001 (Online) – Page 6
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News
VKG awards property assets to Lend Lease
BELGIUM – The e550m Brussels-based VKG/CPM pension fund is to hire Australian property group Lend Lease Houlihan Rovers (LHR) to an e45m property mandate split between Europe and the US....
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Boadicea heralds all girl hedge fund management
UK – Europe’s first and only all female hedge fund management company, Deco Capital, has been launched, kicking off operations with the Boadicea fund...
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Mark moves from WM to head iBoxx in Frankfurt
GERMANY – David Mark has been appointed chief executive officer of iBoxx, the new fixed income indices joint venture company between ABN Amro, Barclays Capital, BNP Paribas, Deutsche Bank, Dresdner Kleinwort Wasserstein, Morgan Stanley, UBS Warburg and Deutsche Börse.
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France’s NBP in European multi-manager drive
FRANCE – Paris based Natexis Banques Populaires (NBP) has launched a new multi-management and investor services specialist subsidiary, Asset Square...
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VKG drops Jennison and Invesco from e65m mandates
BELGIUM – The e550m Brussels-based VKG/CPM pension fund has dropped fund managers Jennison Associates and Invesco Asia from mandates totalling e65m, prior to the introduction of the new healthcare sector pension fund, ‘Amonis’ that the scheme is backing.....
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Swissair says pension funds remain solvent
SWITZERLAND – The financial position of the €4bn Swissair group Pensionskassen remains positive, despite the Swissair going bankrupt and trading problems in recent months, says Swissair Group Pensions (SGP)....
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SEB puts out two new corporate bond funds
SWEDEN – SEB Investments has launched two new corporate bond funds, SEB Lux Bond Fund – Corporate Bonds Euro and the SEB Lux Bond Fund – Corporate Bonds – SEK....
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Gissings wins mandate for £25m taxi firm funds
UK – Employee benefits and consultancy firm, Gissings, has won the mandate to provide full services to the £25m (€40m) defined benefit (DB) and £10m (€16m) defined contribution (DC) schemes of Manganese Bronze, the London taxi manufacturer....
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Watson Wyatt acquires French consultancy firm
FRANCE – Global consultancy firm, Watson Wyatt has acquired Paris based human consultancy and assessment firm, Optimhom.
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Gartmore launches new venture fund
UK - Gartmore Investment has launched a new Venture Capital Trust (VCT), the Gartmore Premier VCT PLC....
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Hermes expands management team post Myners
UK - Hermes Focus Asset Management (HFAM), one of the UK’s largest institutional fund managers, has expanded and reorganised its management team in response to calls in the UK Myners report for greater intervention by shareholders in investee companies....
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Threadneedle promotes Arkle to CIO role
UK/EUROPE – Threadneedle Investments has announced that Sarah Arkle will take on the role of chief investment officer (CIO) at the firm on completion of the sale of Zurich Scudder Investments to Deutsche Bank....
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Dresdner RCM scoops £100m Lattice mandate
UK – Lattice Group, the infrastructure technology firm that demerged from British Gas last year, has hired Dresdner RCM Global Investors to manage a Global Balanced mandate worth approximately £100m (e160m)...
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Capital gains from P&D Devon fund reduction
UK – The £1.24bn (e2bn) Devon County Council pension fund has stripped around a third off a £235m balanced mandate with UK fund manager Phillips & Drew and brought in Capital International to manage the balance, with each firm given12.5% of the total portfolio to run on a global multi-asset ...
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Multi-manager market reaches $569bn, says Cerulli
GLOBAL – Europe now represents the bulk of global assets in fund-of-funds arrangements, claims Cerulli Associates in their October multi-manager brief, which says that inflows into the investment vehicle have more than doubled during the 18 months to June this year....
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UK funds in the dark on FRS 17, says SEI
UK – FRS 17, the new accounting standard for pension funds could have major implications for company profits and has already forced one quoted company to cut its dividend to shareholders, according to research carried out by SEI Investments....
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OPRA issues checklist to dispel stakeholder myths
UK - The Occupational Pensions Regulatory Authority (OPRA), the UK pensions industry watchdog body has issued a set of guidelines to dispel any misconceptions about the impending October 8 deadline for the introduction of new stakeholder pension schemes....
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Towers poaches two from rival William M.Mercer
UK – Benefits consultancy firm, Towers Perrin, has poached two business development consultants, Martin Good and Jason Kenny, from rival consultants William M. Mercer....
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German chemical industry to create huge fund
GERMANY – The German chemical employers association, the Bundesarbeitgeberverband Chemie (BAVC) has laid down a framework with the industry’s trade union, the Industiregewerkschaft Bergbau, Chemie, Energie (IG-BCE), for the creation of a potentially 590,000 strong industry-wide pension fund....
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Scots are better savers than the English
UK – The British are more likely to go for short term savings rewards, with the Scots more ‘canny’ about their retirement savings than their English and Welsh counterparts, according to a survey commissioned by Merrill Lynch Investment Managers (MLIM)...
