FRANCE - AXA Investment Managers said it enjoyed a successful year in 2002, with an 11% increase in total net revenues and an 8% rise in operating income year-on-year from 2001.
The asset manager had net inflows of E4.1bn for its institutional business. Of this amount, the closing of three substantial collateralised debt obligation deals accounted for inflows of E3.5bn.
AXA IM also scored an E100m balanced mandate from AGIRC, the French Pension Regulation Authority.
AXA Rosenberg attracted US$1.7bn of new third-party assets.
The Marks and Spencer Pension Scheme has completed buy-in deals worth £1.4bn with two insurers, mirroring similar transactions last year.
There have now been a total of 47 buy-in and buyout deals of over £500m announced since 2007. The full list, provided courtesy of LCP, is as follows...
It may be time to create variations of limited liability, but each alternative has its own problems, Con Keating argues.
A former energy and climate change secretary has said that by continuing to invest in fossil fuel firms, pension schemes are just making the climate change crisis even worse.