All IPE articles in October 2002 (Online)
View all stories from this issue.
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News
Cardano hires NIB's ex-CIO van Gelderen
NETHERLANDS- Cardano Risk Management, the Dutch derivatives and ALM research firm has appointed Eduard van Gelderen as a director responsible for marketing its products.
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10% of Swiss occupational funds now underfunded
SWITZERLAND- One in ten of Switzerland’s 2,100 occupational pension schemes are underfunded according to government advisors and the urgent need to reallocate assets could benefit foreign fund managers.
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Morley names head of alternative investments
UK- Morley Fund Management has appointed Peter Rains as head of alternative investments, in addition to his role of head of fixed income.
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German institutions slash equity holdings to 19%
GERMANY- German institutions have decreased their asset allocation to European stocks from an aggregate 27% to 19% over the last two years, according to a survey by US-based consultants, Greenwich Associates.
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Schroders and Invesco lose e720m from Yorkshire
UK- The e1.1bn North Yorkshire pension fund has replaced Invesco Asset Management with Barclays Global Investors on a £150m (e240m) global balanced mandate following a review of the fund manager line up.
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SFF cuts SEB and Nordea mandates
SWEDEN- The Swedish Foundation for Strategic Research (SFF) has stripped Sweden’s two leading Swedish banks of the greater part of their mandates and handed it to three other managers in a drive to get better returns on its investments.
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AP3 issues e406m US equity mandate
SWEDEN- AP3, the SKr 126bn (€13.9bn) third Swedish National Pension Fund, has put out to tender an active US small/mid cap equity mandate which is expected to be up to $400m (e406m).
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T Rowe Price set to open in Sweden
SWEDEN- T Rowe Price, US asset management firm, is considering opening an office in Stockholm as it continues its push into the Nordic regions. Managing director, Thomas Pederson says, market condition permitting, they will make a final decision in the next six months.
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ECJ verdict on Danner case expected tomorrow
EUROPE- The European Court of Justice is expected to pass judgement on the Danner case tomorrow in a ruling that many champions of pan European pensions believe could help pave the way for European schemes.
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PVK spells out new coverage levels to Dutch funds
NETHERLANDS- The third of Dutch funds whose coverage levels have fallen below 100% have been given a year by Pensioen & Verzekeringskamer, the Dutch pension fund supervisor, to rectify the situation.
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E.ON picks Activest as master-KAG
GERMANY- Activest, investment group of HypoVereinsbank, has been appointed as head investment services provider (Master-KAG) for E.ON Energie’s spezialfonds.
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Hermes beefs up its corporate governance team
UK- UK fund manager Hermes has stepped up its commitment to corporate governance and shareholder engagement by adding to the two teams, and by creating a corporate governance board.
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Henderson to open up in Switzerland
SWITZERLAND- Henderson Global Investors has opened an office in Zurich from which it will promote its retail and institutional products and services.
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Northern Trust Ireland names fund services head
IRELAND- Northern Trust Ireland, the funds services division for Northern Trust, has appointed Peter Jordan as managing director. Jordan will assume the position on 28th October, and will additionally retain his current title of senior vice president at Northern Trust.
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TIAA-CREF and CalPERS to challenge executive pay
US- Two of the world's largest pension funds, TIAA-CREF and CalPERS, are planning to target companies that offer over-generous pay schemes, and to request changes from their boards.
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Invesco names new institutional marketing director
UK- INVESCO has appointed Patricia O’Loughlin as institutional marketing director, taking over from Jeff Attfield who retired in September after 19 years with the company.
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Trustee association selects new chairman
UK- Mark Howard, a partner at the consultant Barnett Waddingham has been elected as the new chairman of the Association of Pensioneer Trustees. Howard has served on the APT Committee for five years and has over 15 years experience in the field of small self administered schemes (SSaS).
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Rabeau replaces Deheuvels as AXA CIO
FRANCE- AXA Investment Managers in Paris has promoted Christian Rabeau, its head of asset allocation, to the position of chief investment officer following the departure of Thierry Deheuvels.
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Utility sale set to shake up pensions arrangements
FRANCE- The privatisation of France’s utilities, Electricite de France (EdF) and Gaz de France (GdF) could have a dramatic impact on French energy industry's pensions system.
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IPE announces 2002 pension fund awards winners
EUROPE- IPE Magazine has announced the winners of its 2002 pension fund awards for both “investment strategy” and “fund structure and administration”. Entrants were judged by selected panels of experts selected country by country.
