People – Page 115
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NewsBlackRock's Q2 assets under management plummet by 6%
GLOBAL – Assets under management at BlackRock, the largest asset manager in the world, fell by 6% to $3.1trn (€2.4trn) in the second quarter, sending its shares down by nearly 5% today.
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NewsContributions for FTSE100 executives three times higher than for FTSE250
UK – Pension contributions for FTSE100 executives are three times as high as those paid for their FTSE250 counterparts, figures by Lane Clark & Peacock (LCP) reveal.
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NewsWednesday people roundup
GLOBAL – Pension Corporation, UBP Asset Management, Threadneedle, Mirae Asset Global Investments, Mercer, AllianceBernstein, Scottish Widows Investment Partnership, Osmosis Investment Managers, Kommalpha Institutional Consulting, Sacker & Partners
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NewsHewitt Associates to acquire US-based EnnisKnupp
GLOBAL – Hewitt Associates has agreed to acquire US-based investment consulting company EnnisKnupp & Associates for an undisclosed sum.
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NewsThird of Dutch employers do not see future in DB schemes
NETHERLANDS – A third of Dutch employers do not expect their company's defined benefit (DB) scheme to exist in 10 years, according to a study by PricewaterhouseCoopers (PwC).
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NewsBlackRock names head of portfolio management, promotes COO
GLOBAL – BlackRock, the world's biggest asset manager, with €2.3trn worth of assets under management, has promoted its former head of international business Rich Kushel to head of portfolio management.
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NewsGartmore shares slump on news of Guillaume Rambourg resignation
UK – Guillaume Rambourg, European equity manager at alternative asset management company Gartmore, has resigned amid an ongoing Financial Services Authority (FSA) investigation.
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Wednesday people roundup
GLOBAL – AEGON Asset Management, The Pensions Management Institute, Frontier Capital Management, Osmosis Investment Management, Morningstar, JLT Benefit Solutions, Faros Consulting
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NewsBurgess to replace Arkle as CIO at Threadneedle
GLOBAL – Mark Burgess is set to replace industry veteran Sarah Arkle as chief investment officer at Threadneedle.
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NewsAon Consulting and Hewitt Associates to merge
GLOBAL – Aon has announced a buyout of HR consultancy Hewitt Associates in a $4.9bn (€3.8bn) stock and cash deal.
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NewsWednesday people roundup
GLOBAL – Allianz Pension Partners, Scottish Widows Investment Partnership, Pensions Management Institute, Threadneedle, CEIOPS, Natixis Global Associates, Dimensional Fund Advisors, RWC Partners, IPD, State Street Global Markets.
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NewsCanton of Zurich pension fund scandal widens
SWITZERLAND – The corruption scandal at the Zurich civil servants' fund (BVK) has taken another dramatic turn, as yet another arrest has been made.
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NewsUS-based Galtere opens European unit in Switzerland
SWITZERLAND – Galtere, the $1bn (€792m) US-based alternative asset manager, has opened an office in Switzerland.
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NewsSwiss financial executive pay soars by 73% in 2009
SWITZERLAND – Executive remuneration in the Swiss financial sector increased year-on-year by more than 70% in 2009, according to the Swiss Foundation for Sustainable Development (Ethos).
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NewsNordic roundup: Finanstilsynet, KPA, ITP, AP3
EUROPE – Norway's regulator, Finanstilsynet, has lifted a ban on hedge fund sales and marketing to institutional investors in the country.
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NewsUK roundup: TPR, PADA-NEST
UK – The Pensions Regulator (TPR) has issued guidance on multi-employer scheme support, while the Personal Accounts Delivery Authority (PADA) has claimed it remains on track to deliver the National Employment Savings Trust (NEST) "on time and at low cost" ahead of the transition to the NEST Corporation next week.
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UK roundup: PPF, North Yorkshire, Strathclyde, ONS
UK – The Pension Protection Fund (PPF) is seeking liability-driven investment managers for its portfolio, while North Yorkshire County Council and Strathclyde pension fund have both appointed investment advisers.
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NewsWednesday people roundup
GLOBAL – BVV, Pensions Board, State Street, Mercer, Paternoster, AllianceBernstein, ICMA, Sacker & Partners
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NewsBlackRock's O'Brien steps down, leaves investment management
GLOBAL – Mike O’Brien, head of EMEA institutional business at BlackRock, is to leave the company.
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NewsWednesday people roundup
Northern Trust Global Investments, State Street Global Advisors, Prisma Capital Partners, European Association for Investors in Non-listed Real Estate Vehicles, Sacker & Partners, Edmond de Rothschild Asset Management, Heartwood Wealth Management, City Asset Management
