All IPE articles in October 2001 (Online) – Page 8
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News
Germany's Schoeller launches fund of hedge funds
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....
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Novartis fund sells property in strategy shift
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....
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Clients pay five times estimated transition costs
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....
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Legal & General scoops £240m from Northumberland
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....
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Stakeholder boosts private pension take up by 250%
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....
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Skinner to head Gartmore fixed-income team
UK – Gartmore Investment Management has appointed Paul Skinner as head of fixed income business development....
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News
Citibank in Ukraine securities services tie-up
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....
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Aon expands UK defined contribution team
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....
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MAN hires European sales manager
UK – Hedge fund outfit MAN Investment Products (MIP) has hired Paolo di Montorio-Veronese as regional manager, Europe, for its London-based sales team....
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News
HSBC-CCF buys back Sinopia Asset Management
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 ...
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EU proposes rules on pensions distance selling
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....
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AFPEN produces French pension fund template
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....
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Danish pension insurers in bonus reserve wipeout
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 ...