All Securities Services articles – Page 24
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Features
Custody market on the move
If the past few months are anything to go by, the French securities services market should prove to be one to watch this year. The large domestic players and overseas banks are positioning themselves to take advantage of what they regard as a market of significant potential growth. In December ...
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Features
A place for equities
IPE asked three pension funds in three countries – the Slovakia, Denmark and Germany – the same question: ‘Equities are still the only asset class that can provide the returns that pension funds need to reduce their deficits – or are they?’ Here are their answers Gabriel Hinzeller is ...
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Features
Hedge funds provide good return for Shell
Stichting Shell Pensioenfonds, the e13.7bn scheme of the oil giant, made a 6.9% return on its hedge fund investments in 2004. “On the hedge fund portfolio a return of almost 7% was achieved,” the scheme says in a statement on its website. Hedge funds, including currency hedging, account for 5.5% ...
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Features
Dress rehearsal for Europe's pensions
As a centre for servicing investment funds, Ireland –or more precisely the International Financial Services Centre in Dublin – has been growing at a rapid rate. In the past year, according to London-based funds industry analyst Fitzrovia International, domiciled net assets in the Irish funds industry grew by more than ...
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Features
Hedge funds in the mainstream
Hedge funds have now moved into the mainstream with 32% of European institutions now using them, Greenwich Associates says. “Among European institutions, the proportion using hedge funds jumped to 32% in 2004 from 23% a year earlier,” the Connecticut-based consulting firm sasy. It added that US institutional use climbed to ...
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Features
Technology's pivotal role
German pension funds face a range of challenges depending on the organisations and members they serve, and the pressures upon them to adjust to the current market environment. Technology plays a key role in enabling them to operate more efficiently, manage their investments with greater sophistication and meet members needs. ...
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Features
Taking no prisoners
When the star of the cult Sixties TV show The Prisoner was not being pursued around the Welsh coastline by amorphous white blobs or grappling manfully with yet another convoluted, would-be existential conceit, Patrick McGoohan could be found securing his place in the glittering pantheon of pop culture with the ...
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Features
ABP, USS in warning over global drugs industry
Two of Europe’s largest pension funds, Stichting Pensioenfonds ABP and the Universities Superannuation Scheme, have warned of continued “downward valuation” of the global pharmaceutical industry. And they’ve called for a new acknowledgement of the “mutual inter-dependence” between drugs firms and shareholders. The comments come in a new report called ‘Pharma ...
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Features
Flying below the radar
The E400m Belgian industry-wide construction scheme, FSE-FBZ, finished a major asset transition in May last year. The scheme is essentially a social fund, of which part will become a pension fund in the future. It was due to this change that restructuring was being undertaken. Because of the size of ...
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Features
Doubts over European long-only equity
European institutions including pension funds have expressed doubt about asset managers’ long-only equity returns in the future, according to a new survey organised by alternative investment groups. Thirty-percent of respondents to a survey organised by the Alternative Investment Management Association and IPM Informed Portfolio Management said their expectations of external ...
