All IPE articles in October 2002 (Online) – Page 5
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News
S&P launches broad equity index for Japan
JAPAN - Standard & Poor’s have launched S&P Japan 500, a broad equity index covering 88% of the Japanese equity market.
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Union calls to reduce UK benefit discrimination
UK- Hundreds of thousands of women, young people and those in same-sex relationships in the UK are missing out on pension monies because the law discriminates against them, according to the Transport and General Workers’ Union (T&G).
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State Street’s Bourven to chair French market body
FRANCE-The French financial markets council (CMF) has appointed State Street’s Monique Bourven to replace Jean-Francois Lepetit as its chairman.
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UK workers face bleak pension outlook says PWC
UK - Young workers face a bleak pension outlook unless they start saving more or retire later, accounting and consulting firm PricewaterhouseCoopers (PWC) says.
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French industry see assets rise 20% in 2001
FRANCE-French asset management companies saw their operating profits fall 20.4% in 2001 in spite of an increase in assets under management, reports the Commission des operations de bourse (COB), the regulatory agency appointed by the government to oversee the protections of investors.
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BH&S to launch high-yield property income fund
UK – Property asset manager Baring Houston & Saunders (BH&S) hopes to raise £250m (e396m ) to £300m for its new high-yield property income fund.
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Shareholder voting rises smartly in UK
UK – There has been a sharp increase in voting among UK shareholders this year, along with a growing trend of dissention, Pensions Investment Research Consultants (PIRC) reports.
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Hermes says Fimalac launch is positive
UK – With increasing concerns among investors about company corporate governance policies, Fimalac’s entrance to the corporate responsibility sector is a step in the right direction for shareholders, says Colin Melvin, director of corporate governance of UK fund manager Hermes
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UBS makes equity research analyst appointment
UK – UBS Global Asset Management (UBS Global AM) continued to strengthen its UK team with the appointment of Guy Walker as senior analyst for Pan European equity research.
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Assets in Irish alternative investment funds soar
IRELAND – Assets in alternative investment funds domiciled in Dublin have increased to $10.8bn from $3.1bn one year ago, according to investment fund research company Fitzrovia International
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Russian pension reform opportunity for managers
RUSSIA - Pension system reforms in Russia and the CIS could open doors to those countries for foreign fund managers.
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Ukraine facing ‘pensions timebomb’
UKRAINE – The Ukraine is in urgent need of reforms to its pension system, but it is unlikely that changes will be brought in until 2005 at the earliest.
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British factory strikes over pension change
UK- Midlands-based car battery factory, Yuasa Automotive Batteries, has become the fourth UK firm this year to announce the closure of its final salary scheme to current employees, fuelling a day-long strike from its employees
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Kredietrust beefs up institutional sales team
UK – Kredietrust Luxembourg, the asset management company of Kredietbank Luxembourg Group, has expanded its institutional sales team with the appointment of Jean-Luc Neyens
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Asset-backed investments find favour in Europe
EUROPE - Almost e92bn of new asset-backed debt has been sold into Europe so far this year, according to Deutsche Bank, indicating that the market sector is becoming increasingly popular among investors.
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Prudential in strike threat over DC move
UK - Amicus, the UK’s largest private sector union, is threatening strike action following major insurer Prudential’s decision to change the pension scheme for new employees from a defined benefit system to a defined contribution system
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Baring raises e260m for Asia private equity fund
HONG KONG – Specialist asset manager Baring Private Equity Partners (BPEP) announced today its Asian division completed the final closing of the Baring Asia Private Equity Fund II LP at $257m (e260m)
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UK Treasury promises new ‘stakeholder products’
UK - A new suite of ‘regulated stakeholder savings products’ is being promised by the Treasury in the UK. These will be based on the stakeholder pension plan introduced last year, probably with a similar cap on annual charges of 1%
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UN finds climate change poses risk to asset prices
SWITZERLAND – Climate change will have a significant impact on energy companies and their major industrial customers, which will be reflected in asset prices, says Carlos Joly, a UN Environment Programme (UNEP) spokesperson
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Mellon launches US large value equity fund
UK - Mellon Global Investments, the distribution arm for the international asset management businesses of Mellon Financial Corporation, announced a new sub fund to its group of Mellon Global Funds
