All IPE articles in September 2002 (Online) – Page 2
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News
FTSE Group opens Spanish office
UK/SPAIN- Index provider FTSE Group today has announced it is opening an office in Madrid to serve markets and investors in Spain, Italy and Portugal.
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News
Managers would pay premium for better governance
UK- 80% of UK asset managers would rather pay more for shares of well-governed companies than take risks, in the light of corporate scandals from Enron, Tyco and WorldCom, reveals a survey by KPMG.
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FEATURE: Pensions 'Crisis'- Anne Maher interview
Head of the Irish Pensions Board Anne Maher shies away from referring to the current state of the industry as a crisis. “What we’re facing at the moment is a worrying and demanding time for pension provision rather than a crisis.”
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News
AGIRC and ARRCO no closer to cutting costs
FRANCE- France’s two second pillar schemes, AGIRC, the general association of pensions institutions for managerial staff, and ARRCO, the association for the supplementary retirement scheme for salaried employees, seem no closer to answering the social partners’ demands of reduced management fees.
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NAPF leads call for abolition of stamp duty
UK- Leading global financial authorities gathered today to call on the UK government to abolish stamp duty on UK share transactions. The average cost of stamp duty to consumers in defined contribution company pension schemes is about £8,000 over a 25-year contribution period and in the case of defined benefits ...
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CalPERS invests $200m in Japanese governance fund
US- CalPERS, the $135bn pension fund for Californian public employees, has approved a $200m investment in a fund that will employ corporate governance activism to turn around underperforming publicly traded companies in Japan.
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L&G remains largest manager of UK pension assets
UK- Legal & General remains the largest manager of UK pension fund assets according to the latest edition of an annual survey of investment managers by the independent consultant Hymans Robertson.
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News
Deheuvels joins AGF as head of equities
FRANCE- AGF Asset Management, part of German insurer Allianz, has appointed Thierry Deheuvels as its head of equity fund management team. He will also undertake responsibility for developing and promoting AGF’s socially responsible investments.
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S&P and Schroders launch fund of fund service
UK- Schroders Investment Management and Standard & Poor’s have launched a fund of funds sub-advisory service, offering European and other non-US banks the opportunity to break into the growing market.
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Pictet launches European SRI fund
SWITZERLAND/LUXEMBOURG- Pictet’s fund management arm has announced the launch of a new socially responsible fund, known as Sustainable Equities Europe.
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Leon Brasseur joins FRA Benefits Consultants
BELGIUM- Ex-head of the Belgian Pension Fund Society Léon Brasseur is joining FRA Benefits Consultants near Brussels as a senior consultant. Brasseur worked with the Belgian Pension Fund Society for 17 years as a director as well as working as manager of the contingency fund for pharmacists.
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News
F&C appoints Invesco's Broccardo as CIO
UK- F&C Management has appointed Anthony Broccardo as chief investment officer after Arnab Banerji announced earlier this year that he was leaving the company to pursue a career in public services following his appointment as a member of the advisory panel of a government think tank.
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News
Fortis opens new office in UK for fixed income
BENELUX/UK- As part of its expansion into fixed income, Fortis Investment Management plans to open a new investment centre in London that will be headed by Guy Williams.
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News
CalPERS names new chief executive
US- CalPERS, the US’s largest public pension fund, has appointed Fred Buenrostro as its new CEO, following the departure of James Burton after eight years in the role to head up the World Gold Council in London.
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News
Crédit Lyonnais announces new head of fixed income
FRANCE- Crédit Lyonnais Asset Management has appointed Jean-François Boulier as its new deputy chief investment officer and head of fixed income. Based in Paris. Boulier replaces François Marais, who was recently promoted to the position of CIO at CLAM.
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News
Pension funds are largest PE investors in Europe
EUROPE- Pension funds were the biggest investors of private equity funds in 2001, accounting for 277 of funds raised (e9.8bn), according to the quarterly newsletter of the European Private Equity and Venture Capital Association.
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Hewitt signs agreement with Benefit Network
NORDIC- The joint venture between the consultants Hewitt and Swedish consultant Loneanalyser has signed an alliance with the Norwegian consultant Benefit Network in a bid to offer more comprehensive consulting services in the Nordic region.
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News
FEATURE: Pensions 'Crisis'- OPRA interview
Harriet Maunsell, head of UK pensions regulator OPRA, makes a cautious analysis of the recent gloomy reports about a so-called ‘crisis’ within the UK industry. “Remember, gloom is news whereas good news isn’t,” she says.
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News
SSgA wins e1.35bn GE global equity mandate
UK- GE Life, part of the US insurance and investment group GE Financial, has appointed State Street Global Advisors (SSgA), the investment arm of to run the £850m (e1,345m) equity element of its GE ‘Pensions With Profits’ fund.
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News
Belgian occupational pensions law finalised
BELGIUM- The Belgian government has reached agreement on the final details of its reform to occupational pensions in a move that is likely to produce a series of new industry wide pension schemes.
