All IPE articles in October 2004 (Online) – Page 2
-
News
Bank of NY names European finance chief
EUROPE - The Bank of New York has named Angus Cameron as chief financial officer for its operations in Europe, a new role.
-
News
Deutsche miscalculates German hedge fund demand
GERMANY - DWS, the mutual fund arm of Deutsche Bank, has admitted that net inflows to its three new German hedge funds have totalled just a fraction of the one billion euros estimated by its chief executive for 2004.
-
News
Aon ousts Watson Wyatt at Metso in the UK
UK - Aon Consulting says it has been appointed by the UK division of Finland’s Metso Minerals as its full pension services provider, ousting incumbent Watson Wyatt.
-
News
New framework may change Dutch funds’ asset mix
NETHERLANDS - The new supervisory framework for Dutch pension funds and insurers may lead to a move out of equities and into bonds, experts have suggested – though the government doesn’t plan to change its bond issuance strategy.
-
News
Clywd scheme sees no mystery in currency
UK - Investing in currency funds is "nothing mysterious, just another investment opportunity", says a Flintshire county council official who helps to run the 563 million-pound (809.6 million-euro) Clwyd Pension Fund.
-
News
European asset managers boost profits – study
EUROPE - European asset managers were able to moderately improve their profitability and efficiency last year, according to a new study by the German arm of consulting firm McKinsey & Co.
-
News
ABP's Maassen confirmed as EFRP chairman
EUROPE - ABP's Jaap Maassen has been confirmed as chairman of the European Federation for Retirement Provision, replacing Alan Pickering.
-
News
ADAM gains E9bn and changes name
EUROPE – Allianz Dresdner Asset Management, recording a nine billion-euro net asset inflow in the first half, has announced that it will change its name.
-
News
AP7 renews SRI mandate with GES
SWEDEN - The five billion-euro Sjunde AP-fonden, the seventh Swedish national pension fund or AP7, has renewed its socially responsible mandate with GES Investment Services.
-
News
New French and UK members for EFRP
EUROPE - The French asset management association and the UK insurance industry body have been named as full members of the European Federation for Retirement Provision.
-
News
UK acts on pension “liability dumping” fears
UK – The government has acted over fears that companies would be able to dump their pension liabilities onto the new Pension Protection Fund.
-
News
Mercer’s parent MMC names new CEO
GLOBAL - Marsh & McLennan Companies, the parent of consulting firm Mercer, has named a new chief executive as it seeks to resolve its “legal and regulatory issues”.
-
News
Irish funds industry surpasses $500bn – report
IRELAND - The Irish funds industry grew by more than 30% in domiciled net assets over the last year to more than 500 billion dollars (410 billion euros), according to Fitzrovia International’s Dublin Fund Encyclopaedia.
-
News
MLIM unveils new equity fund for pension funds
UK - Merrill Lynch Investment Managers has followed the launch of a "portable alpha" solution with a new UK equity fund aimed at pension funds and charities which looks to "maximise total returns".
-
News
Danica Pension in E255m shift to equities
DENMARK – Danica Pension, the life insurance and pension arm of Danske Bank which has a large bond portfolio, has made a 1.9 billion-crown (255 million-euro) net investment in equities.
-
News
BNP Paribas centralises multi-management
EUROPE - BNP Paribas says it has centralised its multi-management teams in one independent investment company called Cortal Consors Fund Management.
-
News
Ministers enter Austrian rail pensions row
AUSTRIA - Cabinet ministers Hubert Gorbach and Karl-Heinz Grasser have dismissed the option of early pensions for up to 6,000 employees of the state railways as the government continues its work to implement the pension harmonisation.
-
News
Pension strategy a priority for corporates - JLT
UK - Corporate management need to be more familiar with pension scheme investment strategy amid a "shift of power" between employers and trustees, says consulting firm Jardine Lloyd Thompson.
-
News
Dutch regulator unveils supervisory framework
NETHERLANDS – The Dutch pension and insurance regulator has unveiled the so-called Financial Assessment Framework, or FTK – which lays out the new supervisory framework that will come into effect for Dutch pension funds and life insurers in 2006.
-
News
Germany to deregulate occupational pension funds
GERMANY - The German finance ministry has unveiled a draft law providing for sweeping de-regulation of the country’s two occupational pension funds, known as Pensionskassen and Pensionsfonds.
