All IPE articles in October 2001 (Online) – Page 8

  • News

    Germany's Schoeller launches fund of hedge funds

    2 October 2001

    GERMANY - Schoeller Capital Management (SCM) , the total return products arm of Germany’s HypoVereinsbank Group is launching launching an institutional fund of hedge funds together with its parent group....

  • News

    Novartis fund sells property in strategy shift

    2 October 2001

    SWITZERLAND – The SFr17.5bn pension fund of pharmaceutical giant Novartis, has sold around 100 buildings in its property portfolio to Credit Suisse Asset Management (CSAM) in a change of strategy that will see the fund concentrate its real estate portfolio on indirect investment through Credit Suisse....

  • News

    Clients pay five times estimated transition costs

    2 October 2001

    UK – The gap between cost estimates and delivered performance in the growing portfolio transition management business can lead to clients paying up to five time the original cost estimate of the transition, according to a study by Frank Russell....

  • News

    Legal & General scoops £240m from Northumberland

    2 October 2001

    UK - The £430m (e694m) Northumberland County Council Pension Fund has appointed Legal & General to a £240m passive global equity brief, shedding its previous balanced arrangements with Schroders and Merrill Lynch Investment Managers....

  • News

    Stakeholder boosts private pension take up by 250%

    1 October 2001

    UK – The take-up of private pensions in the UK has gone up by almost 250% since the government launched the stakeholder pension scheme initiative in April, according to Virgin Direct....

  • News

    Skinner to head Gartmore fixed-income team

    1 October 2001

    UK – Gartmore Investment Management has appointed Paul Skinner as head of fixed income business development....

  • News

    Citibank in Ukraine securities services tie-up

    1 October 2001

    UKRAINE – Citibank Worldwide Securities Services (CWSS) has expanded its presence in Eastern Europe with the appointment of ING Bank Ukraine as its agent bank in Ukraine....

  • News

    Aon expands UK defined contribution team

    1 October 2001

    UK – Aon Consulting has expanded its defined contribution team in its pensions administration practice with the appointment of Susan Flynn as UK operations manager and Lee Swindlehurst as an operations manager at Aon’s Farnborough office....

  • News

    MAN hires European sales manager

    1 October 2001

    UK – Hedge fund outfit MAN Investment Products (MIP) has hired Paolo di Montorio-Veronese as regional manager, Europe, for its London-based sales team....

  • News

    HSBC-CCF buys back Sinopia Asset Management

    1 October 2001

    FRANCE - HSBC CCF Asset Management has begun to buy back the stake in Paris-based quant firm Sinopia Asset Management that it floated in 1998, with the purchase of over a million shares from Belgium’s KBC Group, Spanish bank BBVA and Mellon Financial Corporation for a price of e27.5 per ...

  • News

    EU proposes rules on pensions distance selling

    1 October 2001

    The European Union yesterday (Sep 27) forged a political agreement on common rules for selling contracts for investment funds, pension plans and credit cards, amongst others, to consumers by phone, fax or internet....

  • News

    AFPEN produces French pension fund template

    1 October 2001

    FRANCE – AFPEN, the French association of pension funds and retirement regimes has created a template for occupational pension funds in France, updating the initiative of 1997’s Loi Thomas and aligning itself with the direction of the European directive on second pillar provision....

  • News

    Danish pension insurers in bonus reserve wipeout

    1 October 2001

    DENMARK – PFA, the Danish insurance group has announced losses of some DKK 18.2 billion – completely wiping out the group’s bonus reserves and forcing it’s pensions arm into emergency talks with the Danish Financial Supervisory Authority - as a result of falling equity markets after the shock in the ...