Financial Times Mandate articles from April 2004

Financial Times Mandate archives from April 2004

News: US Eafe clients seize assets worth $1.2bn from Schroders.(US-based Europe, Australia and Far East seize assets from Schroder Investment Management Ltd.)(Brief Article)
April 5, 2004... Schroder Investment Management has lost at least $1.2bn in mandates from US clients. The losses are linked to the departures of their US-based Europe, Australia and Far East (Eafe) portfolio managers on March 31 this year. A string of US...

News: CalPERS investment policy 'unworkable'.(California. Public Employees' Retirement System)(Brief Article)
April 5, 2004... A move by the $167bn California Public Employees Retirement System (CalPERS) to force its external fund managers to invest in their own products could alienate the wider investment community. CalPERS wants the top portfolio managers who run...

News: Henderson removed from Vermont property.(Henderson Global Investors Ltd.)(Brief Article)
April 5, 2004... The $1bn Vermont State Employees Retirement System in the US has sacked Henderson Global Investors as manager of a multi-million dollar real estate brief. The property brief constituted 6 per cent of Vermont's total portfolio and was run...

Editorial: Time right to legislate corporate governance.(Brief Article)
April 5, 2004... Corporate governance has enjoyed an extended period in the spotlight with an increasing number of players espousing the merits of shareholder activism and good corporate practices. The last three years have proved a turning point for...

News: In brief - Northern Trust takes over Horizon custody.(Horizon Cash Management Inc.)(Brief Article)
April 5, 2004... Northern Trust has been appointment as global custodian by Horizon Cash Management. Chicago-based Horizon, which has $1.8bn in assets under management, provides customised portfolio and treasury services to hedge funds and family offices....

News: In brief - Russell picks up $50m from Danish scheme.(Brief Article)
April 5, 2004... The $2.7bn Finnanssektorens Pensionskasse, the Danish financial sector pension fund, has awarded Russell three mandates worth over $50m. The fund has hired the multi-manager to run a Japanese and an emerging markets equity mandate plus a...

News: In brief - Abbey transfers growth fund to multi-manager.(Abbey National PLC)(Brief Article)
April 5, 2004... Abbey has transferred its first fund to multi-management following the announcement of its new fund management strategy in January. It has appointed State Street Global Advisors, JPMorgan Fleming and Barclays Global Investors to manage the...

News: In brief - Man/Close bring hedge strategies to UK market.(Close Fund Management teams up with Man Investment Products)(Brief Article)
April 5, 2004... Man Investments and Close Fund Management are teaming up to launch a vehicle that invests in hedge fund strategies specifically designed for the UK marketplace. It is likely to be modelled on the Man multi-strategy guaranteed portfolio,...

News: In brief - S&P unveils new index.(Standard & Poor's Corp.)(Brief Article)
April 5, 2004... Standard & Poor's has launched the S&P 500 O-Strip Index, a new index comprised of all Nasdaq-listed components stripped out of the S&P 500. Currently made up of 74 Nasdaq-traded constituents, the S&P 500 O-Strip uses the same index...

News: In brief - AIMA announces launch of branch in Singapore.(Alternative Investment Management Association)(Brief Article)
April 5, 2004... The Alternative Investment Management Association (AIMA) has formed a branch in Singapore, adding to the group's established Asian presence in Japan, Hong Kong and Australia. The new branch opens with more than 20 corporate members -...

News: State Street wins $8bn custody business.(Brief Article)
April 5, 2004... State Street Corporation has picked up an $8bn custody brief from rivals HSBC following a restructuring at a UK wealth management firm. Financial services provider St James's Place has replaced its two incumbent custodians, HSBC and...

News: Opers invests additional $105m in private equity.(Ohio Public Employees Retirement System)(Brief Article)
April 5, 2004... The $58.7bn Ohio Public Employees Retirement System (Opers) is the latest US public pension fund to increase its allocation to private equity after it committed an additional $105m to the asset class. As part of this investment, Opers is...

News: Norfolk seeks managers for diversification.(Norfolk County Council pension fund)(Brief Article)
April 5, 2004... The GBP1bn (E1.5bn) Norfolk County Council pension fund is seeking managers for a $55m private equity mandate and for a GBP200m global equity (ex-UK) mandate. The UK fund attributed the move to the Myners review which promoted increased...

News: Shropshire puts oe61m in fund of hedge fund briefs.(Shropshire County Council pension fund)(Brief Article)
April 5, 2004... The GBP610m (E915m) Shropshire County Council pension fund has invested GBP61m in two fund of hedge funds managed by Man Investments and Quellos Group. Phil Guy, the council's treasury and pensions manager, said the two managers...

Comment and Analysis: 'Smarter' searches locate best of breed.
April 5, 2004... Plan sponsors across the globe are searching for managers with more intensity than ever before. Structural changes to schemes, along with the need to enhance returns, are driving sponsors to shop around. Today, hiring a new manager, or...

News: CalPERS initiates a required ethics code.(California Public Employees' Retirement System)(Brief Article)
April 5, 2004... The $167bn California Public Employees' Retirement System (CalPERS) has adopted a code of ethics that external fund managers and consultants must follow when doing business with the US's biggest pension fund. The move follows late trading...

News: SEB acquires e15bn of assets via Ohmex.(SEB Merchant Banking)(Brief Article)
April 5, 2004... SEB Merchant Banking has snapped up E15bn of assets under custody following its acquisition of Ohmex's custody clients. The deal sees SEB's assets under custody climb by 5 per cent and it aims to improve back office operations in the Nordic...

News: DB restructuring spurs search activity.(defined benefit portfolios)(Brief Article)
April 5, 2004... The restructuring of defined benefit portfolios was one of the main drivers behind the strong manager search activity registered last year, according to Mercer Investment Consulting. The creation of new defined contribution plans and the...

News: Sweden's AP7 picks LGT for unlisted private brief.(Swedish national pension fund hires LGT Capital partners)(Brief Article)
April 5, 2004... AP7, the $4bn Swedish national pension fund, has hired LGT Capital partners to run a $200m mandate for non-listed private equity investments. LGT Capital Partners, the Swiss-based alternative investment manager, was one of several managers...

News: In brief - Barclays unveils iBoxx and iShares ETFs.(Barclays Global Investors launched two new exchange-traded funds)(Brief Article)
April 5, 2004... Barclays Global Investors (BGI) has launched two new exchange-traded funds (ETFs). The iBoxx Sterling Corporate Bond fund will seek to reflect the performance of 40 of the most liquid sterling-denominated investment-grade bonds, while...

News: In brief - Dutch telephone directory firm appoints L&G.(Legal & General Investment Management)(Brief Article)
April 5, 2004... Legal & General Investment Management has been appointed by the pension board of Gouden Gids, the Dutch telephone directory company, to run an equity index mandate for an undisclosed sum. Mr H Arnoldus, chairman of the pension board of...

News: Below par equity returns result in Aegon lay-offs.(Aegon Asset Management)(Brief Article)
April 5, 2004... A major cull at Aegon Asset Management's poor-performing equity division has meant redundancy for 12 investment professionals. Wendy Hay, chief investment officer, is also set to leave the company later this year following a planned...

News: Near two-fold jump in use of hedge funds by US schemes.(Brief Article)
April 5, 2004... The use of hedge funds by US pension funds, endowments and foundations has almost doubled in three years, according to Greenwich Associates' 2004 report on the investment management industry. In 2003, 23 per cent of funds reported hedge...

News: SA looks at alternative regulation.(South African financial regulator)(Brief Article)
April 5, 2004... The Financial Services Board (FSB), the South African financial regulator, is weighing up the possibility of regulating hedge funds. The FSB has published a paper on its proposals for hedge fund regulation and is seeking comments from the...

News: Axa discusses outsourcing.(Axa Investment Managers planning outsourcing with State Street Corporation)(Brief Article)
April 5, 2004... Axa Investment Managers has entered into exclusive discussions with State Street Corporation to outsource its fund administration and investment operations support in the UK, France and Germany. Sam Yuide, a spokeswoman for Axa IM, said:...

How the Deal was Won: Good things come in small packages.(SEI Investments)
April 5, 2004... SEI Investments is beginning to profit from having multiple distribution channels in the UK judging by recent appointments to its multi-manager platform. The most notable win of three recent mandates was a GBP17.5m (e26m) global equity...

News: CalPERS investment in ailing Japanese firms brings in $37m.(California. Public Employees' Retirement System, Sparx Asset Management)(Brief Article)
April 5, 2004... The $167bn California Public Employees' Retirement System (CalPERS) has posted a 61 per cent annual return on its $200m investment in underperforming publicly-traded Japanese companies. At a meeting of its investment committee last month,...

News: Northern Trust nets $415m mandate.(Northern Trust Global Fund Services, MMA Praxis )(Brief Article)
April 5, 2004... Northern Trust Global Fund Services (GFS) has picked up a $415m custody brief with five separate funds from MMA Praxis Mutual Funds. Under the contract, Northern Trust will provide global custody, foreign exchange, securities lending and...

News: Giant yields put Dutch plans back on course.(pension funds)
April 5, 2004... A bounce of 11.4 per cent in Dutch pension fund yields has boosted their financial position during the last year. Vereniging van Bedrijfstakpensioenfondsen (VB), the industry-wide pension fund association, said the figures marked a...

News: Single manager fund from ABN.(ABN AMRO Asset Management)(Brief Article)
April 5, 2004... ABN Amro Asset Management has launched its first single manager hedge fund specialising in emerging market debt with a currency hedge fund to follow later this month. ABN Amro runs $1.3bn in emerging market debt and $600m in fund of hedge...

News: JPMorgantailors its services.(JPMorgan Investor Services, Vestmark)(Brief Article)
April 5, 2004... JPMorgan Investor Services has launched an outsourced service for investment managers and sponsors seeking separately managed accounts. The service incorporates software from Vestmark that allows sponsors, asset managers and service...

News: In brief - EuroMTS unveils market for trading 'government' bonds.(Brief Article)
April 5, 2004... EuroMTS, an electronic market place for European securities, has launched a market for trading sovereign, agency and supranational bonds of E2bn-E5bn outstanding. Bonds in the MTS Quasi Government market will be guaranteed liquidity by at...

News: In brief - Ucits mutual fund to invest in US high yield securities.(Post Advisory Group)(Brief Article)
April 5, 2004... Principal Global Investors has launched a Ucits mutual fund specialising in US high yield securities. The fund will be managed on a sub-advisory basis by Post Advisory Group, an affiliate of Principal Global Investors. It will be added...

News: In brief - Nordic sites new treasury operations office in Barcelona.(Nordic Financial Systems)(Brief Article)
April 5, 2004... Nordic Financial Systems, a corporate treasury and asset management system supplier, has opened an office in Barcelona. The firm hopes to tap into the increasing number of treasury operations locating in the region. The region is...

FT Mandate Interview: Barclays Global Investors - Barclays' orange blossom.
April 5, 2004... With Fidelity taking a back seat in the Netherlands' pension schemes arena and F&C losing funds following a restructure at the E13bn PME metalworkers' plan, Barclays Global Investors (BGI) has been crowned king of the foreign players in the...

People News: Bank of America hires European five.(Brief Article)
April 5, 2004... The Bank of America has hired five managers for its European debt platform as the bank continues to expand its Universal Bank strategy into Europe. Piyanjali Abayaratna joins the global structured finance group with responsibility for...

People News: Nicholls joins Man board of directors.(Jonathan Nicholls, Man Group PLC)(Brief Article)
April 5, 2004... Man Group has appointed Jonathan Nicholls to the board of directors of the company as an independent non-executive director with effect from last month. Mr Nicholl will be a member of the audit and risk, remuneration and nomination...

People News: Axa takes Barrett from JPMorgan.(AXA Roseberg Investment Management L.L.C., Rob Barrett )(Brief Article)
April 5, 2004... Axa Rosenberg has strengthened its institutional sales team with the appointment of Rob Barrett to focus on the UK and Irish markets. Mr Barrett, who joins this month from JPMorgan, has some 20 years' investment experience. During...

People News: Vigsnes new head of trading at NTGI.(Northern Trust Global Investments, Richard Vigsnes )(Brief Article)
April 5, 2004... Northern Trust Global Investments has hired Richard Vigsnes as head of trading for its quantitative management business arm. Before joining Northern Trust, Mr Vigsnes was responsible for all aspects of trading automated statistically-based...

People News: Pimco lures Nicholls to UK fixed income.(Pacific Investment Management Co., Steven Nicholls)(Brief Article)
April 5, 2004... Pimco has poached Steven Nicholls from UBS Global Asset Management to boost its UK fixed income team. Mr Nicholls, who spent 21 years at UBS will join the firm as a senior account manager, with responsibility for UK pension schemes and...

People News: JPMorgan Treasury hires BNY veteran.(J.P. Morgan Treasury Services, Bank of New York, Jeremy Shaw)(Brief Article)
April 5, 2004... JPMorgan Treasury Services, a unit of JPMorgan Chase Bank, has hired Jeremy Shaw as head its trade services team for the EMEA region. Mr Shaw joins JPMorgan from The Bank of New York where he was regional trade head for EMEA. Based in...

Portfolio: Asset Allocation - Europe - RSPCA replaces balanced manager.(Royal Society for the Prevention of Cruelty to Animals, Threadneedle Asset Management )
April 5, 2004... Balanced funds provided by Threadneedle Asset Management offer access to index-linked and long-dated bonds for pooled pension funds investing in UK, US, European and Japanese equities. Threadneedle's core balanced product is delivered...

Portfolio: Asset Allocation - Americas - Julius Baer bags $1.5m cash bonus.(Jackson City Employees' Retirement System, Julius Baer International Equity Fund)
April 5, 2004... Investors are rewarding mutual fund companies untainted by allegations of late trading and market timing, while punishing firms implicated in the industry scandal. The Jackson City Employees' Retirement System recently awarded $1.5m to the...

Portfolio: Asset Allocation - Asia-Pacific - Small companies generate big returns.
April 5, 2004... Small companies funds have had a great run the past 18 months in Australia and while a repeat is less likely, many big investors have hastened to leap aboard. Few know this better than Challenger Financial Services Group, whose smaller...

Portfolio: Market Analysis - View from Europe - Stifled progress as markets hit natural resistance.(Brief Article)
April 5, 2004... Does the weakness in equity markets in March herald the emergence of a new theme for investors to get to grips with - one, perhaps, based in a more defensive mindset - or was it a more lopsided version of the sector rotation that has...

Portfolio: Market Analysis - View from the Americas - Growth slowing, but still above average for 1990s.
April 5, 2004... The markets have been somewhat agitated recently by weaker numbers coming out of business surveys. For example, the Philadelphia Fed survey showed falls in both the "current conditions" as well as the "expectations", with the latter having...

Portfolio: Market Analysis - View from Asia-Pacific - Investors thinking positive ahead of earnings reports.
April 5, 2004... Most investors are waiting for the earnings results season to provide an update on expectations. This should further spur equity markets. There are risks worth considering - not least the number of Asian central banks "recycling" their...

Mandate Research: Asset Allocation - Strategies - Taking a different view.
April 5, 2004... It is possible to add value to multi-asset portfolio performance by careful selection and positioning in preferred asset classes. One approach is to take asset allocation views based on a number of key factors. These factors can then be broken...

Mandate Research: Transfer Agency - Luxembourg - TA moves out of the back office.
April 5, 2004... It has always been assumed that the Luxembourg fund industry inherited the transfer agency function from the Anglo-Saxons (UK and US) on entering the European fund distribution market with their range of Luxembourg products. However, one...

Mandate Research: Transfer Agency - Technology - Survival of the techiest.
April 5, 2004... The European fund market is changing rapidly, driven by the acceptance of collective investment products as savings vehicles for everybody, and the shift away from state provision towards self-provision. As the acceptance of collective...

Mandate Research: Corporate Governance - Shareholder Activism - Overcoming global shareholder inertia.
April 5, 2004... The intervention of major US pension funds in the board appointments at Walt Disney last month highlighted the effectiveness of shareholder activism in improving corporate governance. Six of the US's largest institutional investors,...

News: Northern Trust axes Jupiter after year of 'flat figures'.(Brief Article)
April 19, 2004... Northern Trust has replaced Jupiter Asset Management with Baillie Gifford on its manager of managers platform. Jupiter had been in charge of the GBP110m (e166m) UK equity growth mandate since October 26 1992. Amit Popat, Northern...

News: Axa, Gartmore, New Star win RMB briefs.(Brief Article)
April 19, 2004... RMB International has recruited a raft of managers for its new multi-manager platform aimed at European and UK institutional clients. The service is based on its range of multi-manager long-only and alternative investment funds, delivered...

News: Norfolk County to put oe55m in private equity.(Brief Article)
April 19, 2004... The GBP1.1bn (e1.6bn) Norfolk County Council pension fund is to invest 5 per cent of its total assets in private equity. Norfolk, one of the UK's 10 largest pension funds, will invest up to GBP55m in its first foray into private equity. The...

Editorial: Sub-advisory trend winning converts.(Brief Article)
April 19, 2004... The E10bn awarded to domestic and international managers by the French Fonds de Reserve pour les Retraites has proved to be the exception rather than the rule. The fact that such huge amounts are being awarded to managers, by a state body,...

News: In brief - Halifax sacks HSBC from Oeic custody.(Brief Article)
April 19, 2004... Halifax Financial Services has fired HSBC as custodian for its open ended (Oeic) funds and hired Northern Trust. Halifax Financial Services, part of HBOS, operates 14 Oeics worth GBP8.6bn. Halifax spokesman Jason Clarke said HSBC's...

News: In brief - HSBC to check National Counties' investments.(Hongkong and Shanghai Banking Corp.)(Brief Article)
April 19, 2004... National Counties Building Society Pension and Life Assurance Scheme has appointed HSBC Actuaries and Consultants as investment consultants, initially to conduct a review of its investment strategy. HACL was chosen in preference to three...

News: In brief - Massachusetts board jumps into hedge funds.(Massachusetts Pension Reserves Investment Management Board)(Brief Article)
April 19, 2004... The $32.7bn (GBP17bn) Massachusetts Pension Reserves Investment Management Board has appointed five hedge fund of funds managers to run $1.7bn. The board voted to invest about $340m each with Arden Asset Management, Ivy Asset Management,...

News: In brief - Morgan Stanley to buy risk assessor Barra.(Brief Article)
April 19, 2004... Morgan Stanley Capital International in New York has agreed to buy Berkeley, California-based risk assessment firm Barra for $816m (GBP441m). Barra's operations will be combined with Morgan Stanley's. Barra's chief executive Kamal...

News: In brief - Beckett to work for US government in Serbia.(Brief Article)
April 19, 2004... Sheila Beckett, executive director of the $20bn Texas Employees Retirement System, is retiring in June to work for the US Treasury Department in Serbia. As head of the system since 1996, she has overseen a trust that provides retirement...

News: In brief - EU entrants urged to avoid funding gaps.(Brief Article)
April 19, 2004... Central and Eastern European countries joining the EU next month should move softly to the "prudent person" principle in their pension investments to avoid serious funding gaps in the near future, according to a study by Allianz Dresdner Asset...

News: 7IM hands Evergreen e100m brief.(Seven Investment Management)(Brief Article)
April 19, 2004... Evergreen Investments has been hired by Seven Investment Management (7IM) to manage a segregated global bond portfolio worth up to GBP100m (e151m). Fixed income represents 40 per cent of 7IM's GBP300m wrap account programme which is run by...

News: Investment Solutions UK business tots up oe230m.
April 19, 2004... Investment Solutions, UK multi-management subsidiary of South Africa's Alexander Forbes group, claims to have won 11 mandates in three months, having pitched for just 14 briefs, a strike rate of more than 78 per cent. While few of the...

News: CPP of Canada parcels out C$1bn.(Brief Article)
April 19, 2004... The CPP Investment Board in Toronto, Canada, has appointed Connor, Clark & Lunn Investment Management and UBS Global Asset Management to manage C$500m (GBP313m) each for CPP's new active overlay programme. Both managers will be free to...

Comment and Analysis: Tapping into the new kids on the EU block.(European Union )
April 19, 2004... On May 1 the European Union (EU) will face the biggest expansion of its history when 10 new countries are admitted. Eight of the new members - the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovenia and Slovakia - join the...

News: Belgacom boosts Euro IPOs.(Brief Article)
April 19, 2004... The volume and value of initial public offerings (IPOs) on Europe's main stock exchanges continued to recover in the first quarter of 2004, according to PricewaterhouseCoopers (PwC). The total offering value of IPOs in the first quarter was...

News: Somerset County awards oe205m briefs to SLI and UBS.(Brief Article)
April 19, 2004... The GBP680m Somerset County Council pension fund has hired Standard Life Investments (SLI) and UBS Global Asset Management to manage GBP205m (E310.12m). SLI has been awarded GBP175m to invest in UK equities. UBS has been allocated GBP30m...

News: First tranche of French mandates 'evenly split'.
April 19, 2004... The E16bn French Fonds de Reserve pour les Retraites (FRR) has awarded 13 managers its first E10bn in mandates. A spokeswoman for the fund said the board had inadvertently struck a balance between Anglo-Saxon and French investment managers....

News: Danes sign ethical pact with Eiris.(Ethical Investment Research Services)(Brief Article)
April 19, 2004... Two large Danish pension funds have decided to chart the socially responsible route to asset management by signing agreements with Ethical Investment Research Services (Eiris). Pensionskassernes Administration (PKA), Denmark's largest...

News: In brief - Pimco Dublin funds get six more green lights.(Brief Article)
April 19, 2004... Pimco has been granted regulatory approval to distribute its Dublin-based Global Investors Series (GIS) of funds in a further six countries. The funds, which were launched in 1997, have received approval in the UK, Switzerland, Italy,...

News: In brief - Man fund of hedge fund aimed at US investors.(Man Group)(Brief Article)
April 19, 2004... Man Group, which recently raised $800m for its multi-strategy product, has launched its first SEC-registered fund of hedge fund designed for tax-exempt investors in the US. The Man-Glenwood Lexington TEI is sponsored by Glenwood Capital...

News: Royal London contracts JPMorgan for unit trust accountancy.(Brief Article)
April 19, 2004... Royal London Asset Management has hired JPMorgan Investor Services to take on the entire fund accounting activities for its unit trust range. The agreement will cover 18 individual Royal London and Scottish Life unit trusts with GBP4.5bn...

News: 'Stock market revival may hit hedge growth'.
April 19, 2004... The spectacular growth of hedge funds in the US could slow in the coming months due to a recovering stock market and an inability to supply sufficient product, according to research from Greenwich Associates. Its 2004 report on the asset...

News: Isis fights BP 'green' resolution.(Brief Article)
April 19, 2004... A leading institutional investor in BP will not be supporting a proposed environmental resolution being tabled for the company's AGM. Shareholders are expected to vote on Resolution 17, which requires the petroleum giant to prepare a...

News: Morgan Stanley bags e30m brief.(Brief Article)
April 19, 2004... The E1.1bn BVP Pensionkassen has awarded a E30m global convertibles mandate to Morgan Stanley Investment Management. The Austrian multi-employer pension fund chose Morgan Stanley after holding a beauty parade featuring seven managers. ...

News: UK equity fund from CSAM.(Credit Suisse Asset Management)(Brief Article)
April 19, 2004... Credit Suisse Asset Management (CSAM) has launched a UK Equity Alpha Fund, which is available as a pooled pension fund and a sub-fund of the GBP1.08bn Investor Open-Ended Investment Company (Oeic). The fund, which has been seeded with...

News: In brief - Thomas Murray unveils capital market risk ratings service.(Brief Article)
April 19, 2004... Custody ratings firm Thomas Murray has launched a capital market infrastructure risk ratings service. The overall risk rating and associated risk exposure assessment ratings allow users to compare capital market infrastructure risk...

News: In brief - Euroclear Bank offers Brussels book-entry settlement service.(Brief Article)
April 19, 2004... Euroclear Bank has launched a book-entry settlement service for Euronext Brussels trades. The service will complement the domestic-trade settlement service currently offered by CIK, the Belgian central securities depository (CSD). It is...

Interview: Fortis Investments - Fortis looks East for fresh funds.
April 19, 2004... It May be only three months since Belgo-Dutch group Fortis Investments acquired the Japanese equities division of German-owned asset manager WestAM. But the operation has already been formalised as one of the Fortis "Investment Centres," under...

People News: Putnam hires Sager for currency desk.(Brief Article)
April 19, 2004... Michael John Sager has been named as portfolio manager and head of quantitative research in the currency group at Putnam Investments. Mr Sager will lead Putnam's currency research effort, oversee portfolio construction in key currency...

People News: Muller ups sticks for Gartmore posting.(Reinhard Muller)(Brief Article)
April 19, 2004... Gartmore Asset Management has lured Reinhard Muller away from Deutsche Asset Management to be its managing director, head of institutional and intermediary business. Mr Muller, who joined on April 1, will be responsible for the mutual...

People News: NTGI gets new head of global equities.(Northern Trust Global Investments)(Brief Article)
April 19, 2004... Northern Trust Global Investments has taken on Stephen Dowds as head of international equities. Based in London, Mr Dowds will oversee the firm's development of its non-US active equities business, which comprises over $1bn in funds under...

People News: Tettenborn recruited by SG for pensions.(SG Asset Management UK)(Brief Article)
April 19, 2004... SG Asset Management UK has hired Richard Tettenborn as a special adviser for the development of its pension fund business with local authorities. He replaces Richard Cockroft who has relinquished his role to take up a position in South...

Portfolio: Asset Allocation - Europe - Shropshire takes Man into new arena.
April 19, 2004... Man Investments is hoping that its first appointment by a local authority to run a fund of hedge funds will open the gateway for a new business stream. John Wilkinson, senior manager for institutional clients in the UK and Benelux at Man...