SWITZERLAND - The Credit Suisse Asset Management (CSAM) Swiss Fund Index posted a 3.06 percentage points increase to 98.86 from 95.80.
GERMANY - Watson Wyatt is establishing an insurance and financial services consulting team based in Munich.
GERMANY - Aventis Pension Trust has appointed State Street Corporation to a $2.3bn (e1.8bn) custody and accounting mandate.
AUSTRIA - The Vienna-based OEPAG Pensionskassen is expected to tender for private equity managers in early 2005.
SWITZERLAND - The Swiss government decision to lower the minimum interest rates for pension funds has been criticised by consultants who say that this could lead to "sub-optimal investment results."
BELGIUM/GERMANY - Fortis Investments, the asset management arm of Fortis, has acquired the Japanese Equity capability of the German-owned asset manager, WestAM for an undisclosed amount.
GERMANY - The Chemie Pensionsfonds, the chemical industry fund set up by Germany's chemical workers union, IG Bergbau, Chemie, Energie (IG BCE) together with the industry's employers' association and HypoVereinsbank (HVB), says it expects a significant...
SWITZERLAND - The Credit Suisse Asset Management (CSAM) Swiss Pension Fund Index posted a slight rise in Q3, up from 94.94 at the end of June 2003 to 95.8 at the end of September 2003.
GERMANY - German companies are increasingly moving to protect their balance sheets from the potential future impact of occupational pension schemes.
GERMANY - Asset managers and consultants in Germany are locked in a tug of war over who should play Hansel and who Gretal.