All IPE articles in September 2006 (Online) – Page 3
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CEE: Exceptional growth
CENTRAL EUROPE - Central and Eastern Europe's second-pillar pension funds recorded exceptional year-on-year growth in 2005, well ahead of the rise in numbers of clients, despite their relatively conservative investment strategies. There have also been relatively few changes in the rankings compared with 2004. There were no changes in the ...
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Van Lanschot targets institutions with Kempen bid
NETHERLANDS – Dutch private bank Van Lanschot is looking to increase its institutional reach with a €300m takeover bid for independent Dutch merchant bank Kempen.
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Sweden’s PPM appoints S&P, Wassum
SWEDEN – The Swedish Premium Pensions Authority (PPM), facing criticism for its fund selection tool “Lotsen” earlier this month, has appointed rating firms S&P Fund Services and Wassum Rating AB.
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BAE may use Airbus cash for pensions
EUROPE – UK aerospace group BAE Systems may use some of the approximately £1.2bn (€1.7bn) proceeds from the sale of its 20% stake in airbus for pensions.
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S&P pension director MacLachlan joins Watson
UK – Watson Wyatt has hired Standard & Poor’s director of pension services Jim MacLachlan as a senior investment consultant.
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KAS positions for pension pooling, directive
EUROPE – KAS Bank says it is well positioned for the burgeoning European asset pooling and pensions market.
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Man Group CEO Fink to step down
UK – Stanley Fink is to step down as chief executive of Man Group, the world’s largest listed hedge fund group, and be replaced by finance director Peter Clarke as from April 1 next year.
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Cordares hires business development staff
NETHERLANDS – Dutch industry-wide pensions provider Cordares says it has expanded its sales, strategy and innovation team with three new members.
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ABN Amro scheme licenses ORTEC software
NETHERLANDS – Pensions software firm ORTEC says it has licensed its PALM asset liability management product to the €8bn ABN Amro Pension Fund.
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Norway fund defends Wal-Mart divestment despite ‘flawed’ screening criticism
The Norwegian Government Pension F – Global today responded robustly to allegations that its equities screening process was arbitrary, opaque and unfair.
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Swedes and Dutch scrutinise private equity funds’ role
EUROPE – A week before general elections, the Swedish government has raised concerns about private equity fund Cevian’s investment approach in Volvo.
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Planned Hungarian first pillar reforms "insufficient"
HUNGARY - The Hungarian first pillar requires radical "paradigmatic" reform, according to Lajos Bokros, CEO and professor of economics and public policy at the Central European University in Budapest.
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Pension funds pick up more of Exista from Kaupthing
ICELAND – Icelandic pension funds have bought a further stake in financial services group Exista from Kaupthing Bank, the bank announced today.
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Van Essen to head PGGM’s executive directors
THE NETHERLANDS - Heino van Essen has been appointed as chairman of the executive directors of PGGM, the industry-wide pension fund for the health care and social work sector has announced.
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Dutch regulator optimistic on pensions
THE NETHERLANDS - The present position of the Dutch pension funds is reason for cautious optimism, said Dirk Witteveen, director pensions of regulator De Nederlandsche Bank (DnB).
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Three Norwegian councils tender for pension services
NORWAY – Three Norwegian local councils, Rygge, Lindås and Vågsøy, are tendering for group pension services in total worth NOK42m (€4.7m).
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Hewitt under review at Cork university scheme
CORK – Consultants Hewitt Associates is facing a review at the €191m University College Cork Statutory Pension Scheme, based in south of Ireland.
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Siemens Swiss pension fund manager arrested
SWITZERLAND – Roland Rümmeli, portfolio manager of the CHF1.7bn (€1.1bn) Siemens Switzerland pension fund, is being held in custody following his arrest in connection with investigations into the Swissfirst scandal on Friday. He was also suspended by the Siemens AG.
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PGGM may separate asset management and admin
NETHERLANDS – Dutch healthcare pension fund PGGM has confirmed it is discussing separating its asset management and administration from the actual pension fund, and to house both within a cooperative.
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Hamburg sets up €1.3bn pension fund
GERMANY – Hamburg has created a new €1.33bn fund to meet pension obligations from 10,000 people employed at five institutions owned by the German city-state.
