All IPE articles in October 2005 (Online) – Page 3
-
News
Schering puts extra €450m into external fund
GERMANY – Pharmaceuticals company Schering has removed another €450m in pension liabilities from its balance sheet so that they can be financed by its contractural trust arrangement (CTA).
-
News
French reserve fund confirms private equity plan
FRANCE - The €24.8bn Fonds de Réserve pour les Retraites, the French Pensions Reserve Fund, has confirmed it will look for private equity asset managers for Europe and North America by the end of the year.
-
News
T. Rowe's vice chairman Riepe to retire
GLOBAL - Jim Riepe is to retire as vice chairman of asset management firm T. Rowe Price - with his responsibilities shifting to Edward Bernard.
-
News
Singer & Friedlander CEO Shearer exits
UK – Tony Shearer is to leave as chief executive of Singer & Friedlander following the acquisition of the firm by Iceland’s Kaupthing.
-
News
Vanguard loses out in Belgian court battle
BELGIUM – A Belgian court has ordered Vanguard, the $850bn (€710bn) mutual fund company, to pick up a damages tab worth almost €400,000 following defeat by former European marketing assistant director Henk Beets.
-
News
BP facing strike over pension rights
UK – The Transport & General Workers’ Union (T&G) today announced a five-day walk out by 74 BP oil tanker drivers due to the “increasingly bitter dispute” surrounding pension rights.
-
News
IPE-QUEST: European insurer tenders $150m
EUROPE – A European insurance company has tendered $150m (€211.5m) in global emerging markets equities via IPE-Quest.
-
News
Finnish postal scheme to be shut down
FINLAND - The roughly €400m pensions arm of Finland Posti - Finland Post Pension Fund - will be closed down following the outsourcing of its entire statutory and supplementary divisions to Ilmarinen Pension Co. and Pohjola Life respectively.
-
News
State Street nabs Philips’ back office head
NETHERLANDS – State Street has hired Philips’ Pension Fund’s former back office head Jan van der Meijden as vice president, head of middle office services.
-
News
Troubled Alliance Capital gets NPRF boost
IRELAND – The National Pensions Reserve Fund has made its first move into emerging markets equities with a €142m investment via Alliance Capital Management, which has been under scrutiny from US regulators.
-
News
MLIM hires Aegon UK credit head
UK – Merrill Lynch Investment Managers has appointed former Aegon Asset Management UK credit head, Daniel McKernan, as sterling credit fund manager.
-
News
Swiss schemes offered new bond fund
SWITZERLAND – Swiss pension funds are being offered a new bond fund that allows lower sensitivity to interest rates.
-
News
DNB’s Wellink wary of rate impact on schemes
NETHERLANDS – Dutch Central Bank president Nout Wellink has said that the current market conditions and interest rates are not that comfortable for pension managers.
-
News
Greek bank staff fear pension job cuts
GREECE – Staff at the National Bank of Greece have opposed new plans for voluntary retirement fearing another mass staff exodus and increasing financial burdens.
-
News
George Ross Goobey still backing equities
UK – Previously unseen papers from the late George Ross Goobey, the founder of the ‘cult of equity’ in the UK, are to be used to make a new case for the asset class at a lecture by his son.
-
News
New pensions portability plan facing criticism
EUROPE – The European Commission’s new pensions portability proposal – officially unveiled today - has come in from criticism from several quarters.
-
News
Assets pulled from hedge fund-of-funds – HFR
GLOBAL – Investors pulled more than $1bn from hedge funds-of-funds in the third quarter, according to Hedge Fund Research which tracks the market.
-
News
FRR’s invested assets return 15% in 2005 so far
FRANCE – The Fonds de Réserve pour les Retraites, the French Pensions Reserve Fund, has made a return of more than 15% on its invested mandates so far this year.
-
News
JP Morgan European custody co-head Bourgi exits
EUROPE – JP Morgan’s European custody co-head Ramy Bourgi is to leave amid a restructuring of the division’s management.
-
News
Ireland’s NPRF warned over conflicts of interest
IRELAND – Ireland’s €13.3bn National Pension Reserve Fund has been warned over potential conflicts of interests in its public-private partnership deals.
