All IPE articles in September 2008 (Online) – Page 2
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NewsGet buyout quotes asap – Vassiliades
[17:00 CEST 26-09] UK – Danny Vassiliades, head of corporate advice at Punter Southall, has warned pension funds who are considering a buyout to de-risk their scheme should get a quote as soon as possible.
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NewsNorthants rehires Mercer in a new role
[16:40 CEST 26-09] UK – Northamptonshire County Council has hired Mercer an investment consultant to support its running of the pension fund, just weeks after appointing a new actuary to replace them.
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NewsNew face to take on IASB pensions review
[16:30 CEST 26-09] GLOBAL - The International Accounting Standards Board (IASB) has moved to reassure constituents its pensions accounting project has adequate staffing following the departure last week of project team member Jenny Lee.
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NewsFysios stretch investment to infrastructure
[15:40 CEST NETHERLANDS - The €1.9bn pension fund for physiotherapists SPF is to start investing in infrastructure, and has also allocated 5% inflation-linked bonds within its fixed income portfolio.
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NewsBoutiques might profit from crash – Böhm
[17:15 CEST 25-09] AUSTRIA/GLOBAL – Asset management boutiques might profit from the collapse of large asset management companies in current market conditions as good managers will be in need of new jobs, according to Christian Böhm, head of Austrian Pensionskasse APK.
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NewsPADA’s Jones urges employers to use personal pccounts
[17:10 CEST 25-09] UK – Tim Jones, the chief executive of the Personal Accounts Delivery Authority (PADA), today urged employers to use the government’s Personal Accounts alongside auto-enrolment when they are introduced in 2012.
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NewsCredit crunch pushes liability hedging, despite Lehman
[17:05 CEST 25-09] UK – UK pension funds are increasingly looking into liability hedging structures, despite the collapse of several banks acting as counterparty, according to Mark Davies, investment director at P-Solve.
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NewsDutch fund seeks fund of hedge funds
[17:00 CEST 25-09] NETHERLANDS – A Dutch pension fund is looking for manager to manage a €10m global fund of hedge funds mandate, using IPE-Quest.
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NewsDutch schemes pulled back a fraction in turbulence
[16:55 CEST 25-09] NETHERLANDS - The combined returns of Dutch pensions funds considerably improved during the second quarter but still struggled to shift into positive territory, the regulator De Nederlandsche Bank has confirmed.
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NewsUS court recognises TPR action on Sea Containers
[16:45 CEST 25-09] UK – The US bankruptcy court has effectively backed a demand on Sea Containers Ltd by the UK’s Pensions Regulator to recognise its financial support responsibilities for two UK pension funds, even though other creditors had argued otherwise.
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NewsEC to regulate rating agencies
[16:30 CEST 25-09] EUROPE – European Commissioner for internal markets DG Charley McCreevy is set to unveil proposals for the regulation of ratings agencies but has warned against blaming hedge funds and private equity for recent troubles in the financial markets.
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NewsCourt issues warrant over missing pensions
[15:45 CEST 25-09] IRELAND – Dublin County Court has issued a warrant for the arrest of a director at Limestone Construction in Ireland after he failed to turn up at court when summoned for the non-payment of missing pension assets.
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NewsLPFA reviews actuary
[17:00 CEST 24-09] UK – The London Pension Fund Authority is tendering a mandate for actuarial services to support its work in managing pensions.
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NewsPension funds limit derivatives default risk
[16:45 CEST 24-09] UK – Pension funds could have suffered huge losses on their derivatives positions last week had they not demanded such tough terms on collateralisation and mark-to-market valuations, according to investment consultant Watson Wyatt.
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NewsPGGM ceases stock lending of foreign financials
[15:25 CEST 24-09] NETHERLANDS – Dutch asset manager PGGM has stopped lending securities of all foreign financial institutions, IPE has learnt, following increased Dutch criticism of the practice of stock lending.
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News£1.3bn Thales fund appoints Cardano
[16:20 CEST 24-09] UK – The £1.3bn (€1.64bn) UK corporate pension fund of French defence electronics company Thales has appointed Dutch Cardano consultancy’s London operation to act as its investment adviser.
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NewsNew tax might reduce long-term fund saving – BVI
[16:15 CEST 24-09] GERMANY – Long-term investors in funds must be exempt from the new CGT to be introduced in Germany from next year, the federal association of investment and asset management BVI has warned.
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NewsEternal sunshine for the spotless hedge fund
[16:00 CEST 24-09] GLOBAL – Rudolf Hagendijk, chief executive of Dutch pension service provider Mn Services, has called for more rigorous self-regulation of private equity houses and hedge funds so pension funds can work with them “with a clear conscience”.
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NewsPensions funds seek relaxation of regulatory pressures
[15:45 CEST 24-09] IRELAND – Representatives of the Irish pensions industry are meeting with social and family affairs ministry officials today to see if solutions can be found to reduce members’ funding pressures under current market conditions.
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NewsWednesday people roundup
[15:20 CEST 24-09] GLOBAL – Wednesday people up: APG, SAM, Metzler Asset Management, CB Richard Ellis Investors, Watson Wyatt, Schroders, Close Investments, T. Rowe Price, Mesirow Financial.
