All IPE articles in September 2005 (Online) – Page 3
-
News
Pension funds to pay for new UK actuarial board
UK – The Financial Reporting Council is to set up a new Board for Actuarial Standards – funded, in part, by pension funds.
-
News
Watson Wyatt moves European back office to India
EUROPE/INDIA – Consulting firm Watson Wyatt says it plans to move some of its European back office operations to India.
-
News
AP4 axes State Street from €15bn custody brief
SWEDEN - Fjärde AP-fonden, the Fourth Swedish National Pension Fund or AP4, has awarded a SEK138bn (€14.7bn) sole custody mandate to Northern Trust, resulting in a loss for multi-year incumbent State Street.
-
News
PIMCO awarded HSBC emerging market brief
UK – PIMCO Europe says it has been awarded an emerging market mandate of undisclosed size from the trustees of the HSBC International Staff Retirement Benefit Scheme.
-
News
Dexia says it rejects approach from Fortis
BENELUX – Dexia says it has rejected an approach from rival banking and insurance group Fortis.
-
News
IPE-QUEST: German consultant tenders CTA
GERMANY – A German investment consultant has tendered a CTA on behalf of an institutional client via IPE-Quest.
-
News
DeAM unveils German multi-manager funds
GERMANY - Deutsche Asset Management has rolled out the first of two multi-manager funds for the German-speaking institutional market, yet no longer believes demand for the funds will be as robust as previously estimated.
-
News
VB launches broadside against government
NETHERLANDS - The government must stop issuing new regulations for the pensions industry and create a stable climate for pension funds, says the Association of Industry-wide Pension Funds, or VB.
-
News
EU’s McCreevy says 20 states set for directive
EUROPE – Charlie McCreevy, internal markets chief at the European Commission, says 20 European Union countries will be “on board” with the pension fund directive by the end of the year.
-
News
Global pension assts rise 27% - Watson Wyatt
GLOBAL – Global pension fund assets grew by 27% to $8.4trn (€6.7trn) during 2004, according to consulting firm Watson Wyatt.
-
News
Consultants ‘block schemes in commodities boom’
GLOBAL – Buy-and-hold investors such as pension funds could be missing out on the commodities boom because of the “stumbling block” of investment consultants, according to Deutsche Bank’s top researcher in the asset class (adds further comment).
-
News
PWC hires UK pension regulator’s Farr
UK – PricewaterhouseCoopers says Richard Farr, most recently on secondment to the Pensions Regulator, has joined its pensions practice.
-
News
North Yorks completes €1.3bn portfolio revamp
UK – The £880m (€1.3bn) North Yorkshire Pension Fund has completed the restructuring of its portfolio which has seen it shift to specialist managers from balanced.
-
News
UK sees “several hundred” cross-border schemes
UK – The UK’s Pensions Regulator says there may be “several hundred” UK pension funds operating across borders – although there is no precise figure.
-
News
UK university fund in behavioural finance move
UK - The £22bn (€32.4bn) Universities Superannuation Scheme is to assess fund managers using a behavioural finance tool, according to supplier firm Inalytics.
-
News
Morgan Stanley IM seeks leaders as profits fall
GLOBAL – Morgan Stanley says it is looking for new leadership in asset management amid a 25% fall in quarterly profits at the division.
-
News
Fitch sees risk in CSAM investment teams
EUROPE – Fitch Ratings says Credit Suisse Asset Management is facing risks about the stability of its processes and investment teams.
-
News
Goldman: pension funds to sell €250bn of equities
GLOBAL – Goldman Sachs has estimated that pension schemes globally will remove some €250bn from equities – and buy around €150bn in fixed income.
-
News
Watson to take over Mercer Dutch insurance arm
NETHERLANDS – Watson Wyatt is to take over Mercer Management Consulting’s 22-strong Mercer Oliver Wyman actuarial consulting business in the Netherlands.
-
News
French banks’ CACEIS venture now operational
FRANCE – CACEIS, a new securities services joint venture between two major French banks, is now operational.
