UK - AXA Rosenberg Investment Management (Europe), the specialist quantitative manager, has won its first pan-European mandate from a UK pension fund.
The Ciba Specialty Chemicals (UK) pension scheme chose AXA Rosenberg for its £44m mandate, following an investment review handled by William M Mercer investment consultants. Jackie Broughton, UK pensions manager at Ciba, said: “AXA Rosenberg has been appointed to manage this portfolio to complement our current investment structure. The trustees were impressed with AXA Rosenberg's process and look forward to a fruitful relationship.”
Jennie Paterson, CEO, AXA Rosenberg (Europe) said; “We are very proud to have Ciba Specialty Chemicals join our list of UK pension funds. Although we have been very successful in attracting pan-European equity mandates from European-based funds, this is the first UK pension fund to give us a pan-European mandate, as opposed to a Europe ex-UK mandate.”
AXA Rosenberg’s pan-European investment strategy – known as Europe broad market – is one of a range of major market equity investment strategies available to pension funds. Investment can be undertaken as a segregated portfolio, or as part of AXA Rosenberg’s range of investment funds.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.