All IPE articles in September 2002 (Online) – Page 6
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News
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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News
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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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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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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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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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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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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News
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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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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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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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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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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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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News
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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News
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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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.
