All IPE articles in September 2008 (Online)
View all stories from this issue.
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NewsJP Morgan gets third chunk of buyout market (amended)
[16:55 CEST 30-09] UK – Investment bank JP Morgan Chase has today confirmed it has signed a third deal allowing it to buy into the buyout market.
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NewsDexia denies asset management sale
[16:50 CEST 30-09] BELGIUM – Belgian-French bank Dexia today categorically denied it would sell a part of its asset management business to raise more capital, though admitted expansion plans have been suspended.
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NewsWWF report criticizes Norway’s oil fund on SRI
[16:35 CEST 30-09] NORWAY – The World Wildlife Fund (WWF) has accused Norway’s Government Pension Fund – Global (NGPFG) of lagging significantly behind other pension funds in its application of socially-responsible investment (SRI) practices.
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NewsCapital guarantee hinders pensions – analyst
[16:30 CEST 30-09] EUROPE – Institutional investors in Europe are hindered by guarantees to grow returns and in their ability help stabilise capital markets, according to Peter Brezinschek, chief analyst of Raiffeisen Zentralbank (RZB).
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NewsDutch to review indexed debt stance
[16:15 CEST 30-09] NETHERLANDS - The Dutch Treasury is planning to re-examine the potential of index-linked bonds in order to find out whether experiences elsewhere reveal potential financial benefits to the Netherlands.
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NewsShake-up changes SGAM head
[15:15 CEST 30-09] FRANCE – Alain Clot is moving into a new role and Jean-Pierre Mustier is to become the head chief executive of Société Genérale Asset Management, in a series of major changes to the group’s senior management.
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NewsGreece begins final phase of pension fund mergers
GREECE - The Greek Ministry of Labor and Social Security is pushing through the third and last restructuring phase for the local public pension system tomorrow by merging the 133 current funds into 13 new ones.
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NewsLehman’s asset management sold to private equity
[13:00 CEST 30-09] GLOBAL – The bulk of Lehman Brothers’ asset management business, including the private equity division Neuburger Berman, is being moved into a new independent company carrying the Neuburger name, in a deal won by two private equity firms and its senior management.
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NewsTPR could be 'stumbling block' to M&A
[17:05 CEST 29-09] UK – The UK Pension Regulator (TPR) should take a long-term view on pension funds before curtailing corporate activity by intervening in takeovers where pensions-related issues arise, consultancy firm Aon has warned.
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NewsRe-assess risk management now
[17:00 CEST 29-09] EUROPE – Towers Perrin has warned companies ned to make re-assessing the risk management actions of their corporate pension fund a top priority, in their bid to weather the current market turmoil.
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NewsPension funds keep watch over Fortis
[16:55 CEST 29-09] EUROPE – European pension funds will be keeping a watching brief over Fortis Investments in the coming months after today’s developments at its parent company, as a significant number of the firms either have mandates with the asset management arm or have recently held stocks in the ...
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NewsStrathclyde and E.On next to suspend stock lending
[16:55 CEST 29-09] UK – The £9bn Strathclyde pension fund, one of the largest local authority pension funds, and the £5bn E.On scheme have suspended stock lending on all shares.
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NewsUnion content with its slice of pensions performance
[16:15 CEST 29-09] GERMANY – The union for the food industry said it is content with last year’s performance of its pension fund when compared with others in the market.
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NewsGermany step in protect Hypo’s funds behind the funds (updated)
[16:00 CEST 29-09] GERMANY – A consortium of German banks has stepped in at the eleventh hour to provide Hypo Real Estate, a provider of loans and financing to real estate purchases and funds, with assets to meet its financing obligations.
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NewsSomerset replaces F&C as fixed income manager
[15:30 CEST 29-09] UK – Somerset County Council has appointed Standard Life Investments to officially manage a £200m fixed income mandate on behalf of the pension fund, having sacked F&C from the role.
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NewsInvestment arm untouched by Fortis rescue
[14:15 CEST 29-09] EUROPE – Fortis Investments is 'unharmed' by the €11.2bn rescue action from the Benelux governments today, though the Belgian-Dutch bankassurer is still waiting for a €2.15bn cash injection from Chinese insurer Ping An.
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NewsCredit crunch eats up Publica reserves
[17:20 CEST 26-09] SWITZERLAND – Publica, the Swiss pension fund for federal employees, saw its CHF32.5bn (€20.5bn) assets decline by almost 5% in the first half of this year, forcing the scheme to tap further into its reserves.
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NewsDutch institutions shun indirect real estate
[17:15 CEST 26-09] NETHERLANDS – Dutch institutional investments in indirect real estate declined by 17% last year in favour of a growth in direct real estate portfolios, a new report claims.
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NewsSwiss funds can cope with the crisis – Complementa
[17:10 CEST 26-09] SWITZERLAND – The current financial crisis has thrown many Swiss Pensionskassen back under the fully-funded mark but Michael Brandenberger, CEO of consultancy Complementa, has claimed most funds are in a good position to weather the storm.
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NewsMerchant Navy treads fiduciary path (updated)
[17:00 CEST 26-09] UK – Executives of the UK’s Merchant Navy Officers’ Pension Funds have asked existing investment consultant Watson Wyatt to alter its duties and effectively deliver fiduciary management to the pension plans.
