Global Pensions |
25 May 2010 |
GLOBAL – Pension funds activism as shareholders was “conspicuous by its absence” during the crisis but more engagement by schemes could have made things worse, an academic claimed.
IRELAND – Commodities can exceed equity returns over time while providing a good source of diversification in a scheme portfolio, Hermes head of commodities Colin O’Shea said.
UK – Hermes BPK Partners chief executive officer Matteo Perruccio said Europe’s draft plans to regulate its alternative investment funds could be a boon to investment consultants if it goes ahead as planned.
UK/GLOBAL – The Universities Superannuation Scheme (USS) decided to sell its stake in Océ to Canon after the Enterprise Chamber of the Amsterdam Court of Appeals rejected the pension fund’s request to investigate Canon’s tender offer to buy Océ.
UK/NETHERLANDS - The Enterprise Chamber of the Amsterdam Court of Appeals has rejected a request by Hermes and the Universities Superannuation Scheme to investigate Canon’s tender offer worth €730m (US$998.4m) to buy Océ.
NETHERLANDS - UK investors Hermes and the Universities Superannuation Scheme have filed a request with the Enterprise Chamber of the Amsterdam Court of Appeals for an investigation over Canon’s tender offer worth €730m (US$990.5m) to buy Océ, the biggest European printer maker.
After a tumultuous decade in investment, Raquel Pichardo-Allison and Giovanni Legorano speak to industry experts about what the next 10 years hold for investment practices
Institutional investors flooded into commodities last year as prices soared. Industry experts say the asset class’ popularity isn’t likely to wane in 2010, as Lynn Strongin Dodds reports
UK - Hermes is to expand a new performance fee structure – announced for its funds of hedge funds in September – across its range of institutional products.
GERMANY - A group of investors led by Hermes has forced Infineon’s designated chairman Klaus Wucherer to promise to step down after only one year instead of five if elected to head the chipmaker's supervisory board.
US – Absolute return currency manager Hathersage Capital Management has hired former head of currency at Hermes Investment Management Momtchil Pojarliev.
UK - Hermes Fund Managers has bought a majority interest in Sourcecap International, a growth oriented, active European equity manager.
UK – Low governance levels among companies could lead to the next financial crisis, Treasury financial services secretary Paul Myners says.
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