All IPE articles in September 2002 (Online)
View all stories from this issue.
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News
Baring AM gets approval to market funds in Denmark
DENMARK- Baring Asset Management has received regulatory approval to market 21 Irish-domiciled funds to the Danish institutional market.
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One in four Irish DB schemes set to close
IRELAND- Around a quarter of Ireland’s occupational defined benefit pension schemes are likely to close to new members in the next year according to research by the Pension Fund Partnership.
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Allianz hires Utermann as global CIO for equities
UK- Allianz Dresdner Asset Management (ADAM) has announced the appointment of Andreas Utermann who is joining the firm as global chief investment officer for its equity division.
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Scottish fund searches for specialist bond manager
UK- The Scottish Borders Council pension fund has put out to tender a new £44m (e69m) fixed-income specialist mandate. Between five and ten managers are expected to compete in the beauty contest, with a short-list anticipated by the end of September.
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Belgians to reform state pension scheme
BELGIUM- The Belgian government is planning reform to the state pensions system in an attempt to increase employees’ access to occupational schemes. The reforms would open up the opportunity of saving in industry funds to over 500,000 private-sector workers.
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Swiss government agrees to cut minimum rate
SWITZERLAND- The Swiss Pension Funds Association (ASIP) has welcomed the decision of Switzerland’s Upper House of Parliament to modify its plans to cut the guaranteed minimum interest rate of second pillar pensions.
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AP3 completes €390m Far East manager search
SWEDEN – The SKr 130bn (€14bn) Third Swedish National Pension Fund, the AP3, has completed its asset manager search for Japanese and Asia Pacific (ex-Japan) equity mandates worth €390m with the appointment of Capital International, Shroders and JP Morgan Fleming Asset Management (JP Morgan) to its external manager roster.
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Franklin hires Banz in Swiss institutional push
SWITZERLAND- Franklin Templeton Investments (FTI) has appointed Elzbieta Banz as marketing director for Switzerland in a bid to increase the size of its institutional business.
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Axa Rosenberg fills European CEO position
UK- Axa Rosenberg Investment Management has brought in Will Jump from its US office to take up the position as chief executive for Europe. Jump, who has been with Axa for twelve years most recently as its director of global product strategy, will report to the group’s overall chief executive ...
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Morley beefs up institutional team with two hires
UK- Morley Fund Management has appointed two new heads within its institutional team. In a new role, Alistair Morrison will be heading up institutional business across the UK and Europe, and reporting to him will be Gordon Milne, head of client services. Both join Morley this month.
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BNP completes purchase of administrator Cogent
France/UK- BNP Paribas Securities Services, a subsidiary of the bank BNP Paribas, has completed the purchase of the international fund administration operation Cogent from the Australian bank AMP.
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French employers meet unions for pensions debate
FRANCE- French employers and unions are meeting to discuss supplementary pensions in preparation for forthcoming discussions with the government regarding the future of the pensions in France.
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UK occupational schemes need simplifying says NAPF
UK- Consumers in the UK are confused about their own pension arrangements, according to a survey by the NAPF, further supporting a call by the new pensions ombudsman, David Laverick, for a simplification of company pension schemes.
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Rothschild to sell its asset management division
UK- Rothschild is putting its institutional and retail investment management businesses up for sale in a move that will see the privately-held group focus on its private banking business.
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AIMA publishes hedge fund industry guide
EUROPE- AIMA, the Alternative Investment Management Association, and European hedge fund industry participants, led by Goldman Sachs, have published a guide advising Europe’s hedge fund managers how to adopt sound business practices and reduce the risks of costly mistakes.
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French employers & unions reach pensions agreement
FRANCE- French employer groups, headed by Medef, have reached an agreement with unions that ensures those retiring at 60 will entitled to their full supplementary pensions so long as they do so before 1st October 2003.
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PGGM names new head of alternative investments
NETHERLANDS- PGGM, the e47bn pension fund for the health care and social work sector, has promoted its head of real estate Jan van der Vlist to oversee its alternative investments.
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JPMorgan AM names Bateman as new global CEO
US- JPMorgan Fleming Asset Management has promoted Paul Bateman to the position of chief executive officer worldwide. Previously Bateman was head of JP Morgan Fleming AM for Europe, Asia and Japan.
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FTSE launches series of Global Style indices
UK- FTSE Group has unveiled a new series of Global Style indices that comprise separate value and growth indices for 29 countries and 31 regions representing 1,800 stocks.
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Cazenove raids HSBC for UK & European managers
UK- Cazenove Fund Management has announced the appointment of five UK and European fund managers from HSBC Asset Management. Chris Rice, Steve Cordell, Julie Dean and Wade Pollard will join the Institutional pan-European equity team at the beginning of December. Tim Russell, who is to head the team, will join ...
