All IPE articles in October 2001 (Online) – Page 7
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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....
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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....
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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....
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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...
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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....
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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....
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Fortis appoints Wohanka as CEO
BELGIUM – Fortis Investment Management (FIM) has appointed Richard Wohanka as chief executive officer (CEO) and member of the board....
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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....
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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)....
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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. ...
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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, ...
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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....
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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....
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News
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....
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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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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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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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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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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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£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.....
