Société Générale has been chosen by Ilmarinen Mutual Pension Insurance Company to provide middle-office, collateral management and independent pricing services, to include trade processing, reconciliation and reporting.


BNY Mellon has been appointed to provide custody and associated value added services to EUR2.8bn in assets held by Pensioenfonds Horeca & Catering (PH&C) - a Dutch regulated industry-wide pension fund for the hotel, restaurant and catering business. PH&C is one of the top ten largest pension funds in the Netherlands, boasting more than 800,000 participants and 30,000 employers, In addition to core custody, BNY Mellon will provide a range of services including recordkeeping, investment accounting, advanced performance measurement services, Dutch regulatory reporting, securities lending, compliance monitoring, passive currency overlay, global collateral management and global class action services.


SEI has been chosen as fiduciary manager for Prins Bernhard Cultuurfonds, a charitable foundation dedicated to supporting culture, heritage and nature conservation in the Netherlands. SEI will manage 90 per cent of the charitable assets of the €120million fund, and will oversee and coordinate the remaining which remains with the legacy asset managers for historical reasons. This is understood to be the first charitable foundation in Europe to appoint a fiduciary manager.

Standard Life Investments has been chosen to jointly manage a €1bn European investment grade credit portfolio by the Fonds de Réserve pour les Retraites (FRR). Standard Life Investments manages over €58bn in bonds around the world.

Old Mutual has become the first African asset manager to list an exchange traded fund (ETF) in the US, with its new FTSE-based ETF for emerging markets on the New York Stock Exchange. The ETF will offer US and international investors exposure to emerging markets, and will trade as the GlobalShares FTSE Emerging Markets Fund.

Alternative asset management firm Blacksquare Capital has announced the launch of the IFSL Blacksquare Multi-Manager Absolute Return Fund, which aims to deliver positive absolute returns uncorrelated to equity and bond markets. The two-week launch period begins on 4 January 2010. The fund is one for the first regulated UCITS compliant multi-manager investment products to be launched in the UK, and invests in a portfolio of regulated UCITS absolute return funds and money market instruments.

Share Story: