Real Estate – Page 90
-
News
Cominvest gets new chief executive
GERMANY – Commerzbank has created a new management board for its asset management division and named a new chief executive for German fund arm Cominvest in a bid to revive the division’s sagging fortunes.
-
News
Finland’s Varma names Murto as new CIO
FINLAND - Varma Mutual Pension Insurance Co. has named Risto Murto as chief investment officer, taking over from the retiring Jorma Leinonen.
-
News
Watson Wyatt makes three Dutch hires
NETHERLANDS – Watson Wyatt has hired three new staff for its “rapidly expanding” investment consulting team in the Netherlands.
-
News
APK takes over BMW pension fund in Austria
AUSTRIA – APK, a €2bn pension fund open to all industries in Austria, is to take over administration of the Austrian pension fund of German carmaker BMW from January 2006.
-
News
Sweden consults on traffic-light pension model
SWEDEN – The Swedish financial regulator has launched a consultation on a proposal to identify possible problems at occupational pension funds and life companies using the so-called traffic-light model.
-
News
US-based Principal to open Munich branch
GERMANY – US fixed-income specialist Principal Global Investors plans to open a branch in Munich from January 2006.
-
News
German fund association BVI names chairman
GERMANY – Fund industry association BVI has elected Markus Riess, chief executive of dit, Allianz’s retail fund arm, as its new chairman for the next three years.
-
News
Railpen chief resisting flight to bonds
UK – Chris Hitchen, chief executive of the £15.5bn (€23bn) Railways Pension Trustee Co., Railpen, says that pension schemes’ shift to fixed income was an “overreaction”.
-
News
Hermes names head of commercial real estate
UK - Hermes, the asset manager owned by the BT Pension Scheme, has named Arlington Property Investors' Tim Turnbull as head of commercial real estate.
-
News
Morgan Stanley asset management chief exits
GLOBAL – Morgan Stanley says Mitchell Merin is to retire as president and chief operating officer of its investment management arm.
-
News
Russell predicts new alternative investing highs
GLOBAL – Hedge fund use by European institutions has increased dramatically in 2005. Their use by continental respondents to the Russell Investment Group’s seventh annual report on alternative investment the doubled to 48% from 24% in 2003.
-
News
ING Real Estate chief quits over Polish complex
POLAND – Paul Trip, chief executive of development at ING Real Estate, has quit over problems at a shopping complex in Warsaw.
-
News
Pelle joins former MN colleagues at boutique
NETHERLANDS – Willem-Jan Pelle, the former head of legal and fiscal affairs at MN Services, has joined the new boutique set up by his former colleague, Erwin Stouthamer.
-
News
TKP Pensioen real estate head retires
NETHERLANDS - TKP Pensioen’s head of real estate investments, Koos Gerlofs, has retired.
-
News
IPE-QUEST: Two new searches
EUROPE – There are two new searches, for Asia-Pacific equities and pan-European real estate, on IPE-QUEST.
-
News
South Yorkshire in corporate governance tender
UK – The £3bn (€4.4bn) South Yorkshire Pensions Authority has tendered for a corporate governance advisor.
-
News
UK Universities scheme backs Fprop with £50m
UK – The £20bn (€29bn) Universities Superannuation Scheme, the UK’s second largest pension fund, has awarded a £50m mandate to property asset manager First Property Group.
-
News
Dutch real estate boost seen amid FTK, ageing
NETHERLANDS - The ageing of the population, and the new financial assessment framework, or FTK, will lead to a considerable increase of pension funds’ investments in real estate, says the Dutch weekly Beleggers Belangen.
-
News
AP3 eyes more portfolio diversification
SWEDEN – Tredje AP-fonden, the Third National Pension Fund or AP3, says it plans more diversity in its portfolio – including areas such as emerging markets, international real estate and infrastructure.
-
News
Irish postal scheme in €1.6bn revamp
IRELAND – The €1.6bn pension scheme of the Irish postal service An Post has restructured its manager roster with the help of consulting firm Mercer.
