​AP1 saves resources by adding eVestment to monitoring kit

first_imgAP1 has been making a series of changes to its asset management set up over the last year as it tries to lay the groundwork for better returns.One element of the restructuring process has been to merge all units dealing with external asset managers into the new external partnership and innovation unit.The fund said in its annual report that this change was “to achieve synergies and new ways of integrating innovation in the fund”.Meanwhile, a spokesman for eVestment told IPE the firm is currently making a concerted push into the Nordic region.“We’re finding reception to the data and tools we offer to be positive among investors and asset managers in the region,” he said.Jean-Philippe Quittot, the firm’s managing director for EMEA, said eVestment provided a holistic view of the managers and strategies available.“This power to find the best managers in the world and effectively hold those managers accountable through regular monitoring is important as pensions, the pensioners they serve, regulatory bodies and other stakeholders look for more transparency in the management of pension money,” he said.Looking for IPE’s latest magazine? Read the digital edition here. Swedish state pension buffer fund AP1 has started using data services from US provider eVestment to monitor the performance of its external managers – a move the SEK366bn (€35bn) fund said will help it direct its resources more efficiently.The high-profile business win for the Nasdaq-owned data firm comes during a drive to boost sales in the Nordic region.Majdi Chammas, portfolio manager in AP1’s new external partnerships and innovation department, told IPE: “AP1 has decided to add eVestment to the existing toolkit. The eVestment database will help us in the monitoring process of existing and shortlisted managers and allow us to focus our resources.”But Chammas also said AP1 continued to emphasise the importance of qualitative assessment beside the quantitative evaluation when monitoring managers.last_img read more

First Financial makes major Tree City Fall Festival donation

first_imgGreensburg, In. — First Financial has announced a $5,000 donation to the 2018 Tree City Fall Festival, a family event in downtown Greensburg, Indiana.Beginning in 1979, the Tree City Fall Festival has a rich history in Greensburg with live music, food, arts and crafts and much more. The Tree City Fall Festival is an event with a purpose: to unify the community by offering a family-friendly atmosphere to celebrate local history and promote cultural awareness through musical, artistic and educational programs during the festival. The Festival supports local non-profit organizations by offering free vendor space and canopies to those groups wishing to participate. Donations from sponsors help to secure a variety of entertainment such as a parade, battle of the beards, a car show, chili cook-off, royalty contest and more.“We’re very excited to contribute to the local Tree City Fall Festival,” said Kevin Koehne, Market President for First Financial Bank. “At First Financial, we see it as our responsibility to serve our local neighborhoods and build partnerships in the communities we serve. We have tremendous local employees who truly care about helping others through volunteering and donating to great events like these.”As a community-focused financial institution, First Financial is honored to be such a supportive part of the Greensburg community and proud to strengthen the local area through donations and resources that truly impact the families.For more information about First Financial click here. Or take a look at their Facebook page.last_img read more