All articles by Perttu Jarvenpaa
-
News
Local authorities post lowest returns in 13 years
UK – Local authority pension funds’ posted negative average returns for the first time in 13 years for the year to March 31, 2001, returning –6.3%, according to performance measurement consultancy WM Company....
-
News
Deutsche scoops £2.35bn Royal London custody
UK – Royal London Unit Trust Managers has appointed Deutsche Bank as trustee and custodian to its entire fund assets worth over £2.35bn (e3.91bn)....
-
News
Fidelity pulls Horlick from Europe to US top spot
US/EUROPE – Richard Horlick, president of investment manager Fidelity’s international institutional business, has been seconded for three years to become chairman and president of Fidelity Management Trust Company, based in Boston....
-
News
JP Morgan unveils risk management support database
JP Morgan’s investor services information products group has launched a new risk management and decision support database for institutional investors....
-
News
Securities body reports on internet best practice
The International Organization of Securities Commissions (IOSCO) has issued a report on best practice for securities activity via the internet, after identifying more than 2,400 sites for follow-up review on the basis of possible fraud, market abuse and unauthorised financial activities - including around 300 sites that involved cross-border activity.... ...
-
News
Invesco gets 'aa' rating from Fitch-AMR
EUROPE – Invesco Continental Europe’s Frankfurt and London investment management offices and its Brussels-based European marketing office have been given an ‘aa’ intrinsic asset management rating by ratings provider Fitch-AMR....
-
News
Finnish regulators clarify legal positions
FINLAND – A working committee set up by the ministries of finance and social affairs and health has suggested amendments to the current law governing the Finnish insurance supervisory authority (VVV) and the financial supervisory authority (RATA), in response to blurring divisions between Finnish insurers and asset managers....
-
News
Plans approved for giant Norwegian fund fusion
NORWAY – Jørgen Kosmo, Norway’s minister of labour and government administration, has approved further plans for fusing the non-funded Norwegian public service pension fund, Statens Pensjonskasse (SPK), to the funded NOK100bn (e12.7bn) local authority pension fund, Kommunal Landspensionskasse (KLP)....
-
News
SEB selects Schroders for SEK12bn advisory brief
SWEDEN/UK – Stockholm based financial services group Skandinaviska Enskilda Banken (SEB) has appointed London based asset manager Schroders to advise it on the management of its SEK12bn (e1.3bn) Asian and emerging market equity assets....
-
News
Three million added to UK pension hardship figures
UK – Three million more people face financial hardship upon retirement in the UK than they did in 1996, according to an annual report conducted by J P Morgan Fleming....
-
News
AP7 blacklists 30 companies on SRI grounds
SWEDEN – The SEK14.5bn (e1.57bn) national premium pension fund Sjunde AP-fonden (AP7) has blacklisted 30 companies from its equity portfolio following a scathing report on their environmental and ethical records....
-
News
UK £1.7bn fund seeks private equity managers
UK – Leicestershire County Council is seeking one or more private equity managers for some £50-75m (e80-e120m), or 3-5% of its £1.7bn total pension fund assets, according to Colin Pratt, investment manager at the council....
-
News
Threadneedle unveils web-based DC solution
UK – Threadneedle Pensions, part of Zurich Scudder Investments, has launched a new web site for defined contribution (DC) pension scheme members that includes a ‘pension projection calculator’ allowing members to project forward the kind of benefit they may receive in retirement....
-
News
Sampo names new investor relations head
FINLAND/SCANDINAVIA – Jarmo Salonen has been promoted to head of investor relations at Helsinki based financial services group Sampo, from September 1...
-
News
EAMA questions EU legislators on indexation
EUROPE - The European Asset Management Association (EAMA) has published a collection of essays questioning European Union legislators’ approaches to the indexation of investments....
-
News
Sweden's AP2 and AP3 funds make top level hires
SWEDEN – The government pension buffer funds AP2 and AP3 have made a number of top level appointments to their in-house investment teams....
-
News
Flanders seeks managers for BFr8bn fund
BELGIUM – The regional government of Flanders is launching an ethically invested healthcare insurance fund at the start of next year with an initial BEF8bn (e200m) of capital, and an extra BEF4bn being contributed annually by the regional government....
-
News
INVESCO restructures retail and institutional arms
UK – INVESCO has restructured its UK organisation in order to focus on its separate retail and institutional businesses and deal with the group’s expansion following the acquisitions of Perpertual and GT....
-
News
Mellon to consolidate in new European HQ
UK/EUROPE – Pittsburgh based Mellon Financial is planning to open a new European headquarters in London by the end of 2003....
-
News
Japanese DC 'goldmine' won't happen, warns Cerulli
JAPAN – The recently authorised Japanese defined contribution (DC) plans will not create a goldmine for foreign fund managers, raising only ¥5trn (e47bn) during their first three years of operations, according to Boston based research and consulting firm Cerulli Associates...
