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Article Excerpt
Elizabeth Arden Salon
PHOENIX - Elizabeth Arden Salon Holdings Inc. hired Putnam Investments to manage its $26 million retirement savings program, said Laura McNamara, Putnam spokeswoman. Larry White, Elizabeth Arden senior vice president and chief financial officer, couldn't immediately be reached for comment.
ATP
HILLEROED, Denmark - ATP appointed Bank of New York as global custodian of the 414 billion Danish kroner ($75.4 billion) pension fund, according to Ivan Royle, Bank of New York spokesman. BoNY will also provide services such as trade support, derivatives administration and data management. The contract of previous custodian Nordea expired earlier this year; the firm was allowed to rebid. Bjarne Graven Larsen, chief investment officer of ATP, could not be reached by press time for further information.
California Public Employees
SACRAMENTO, Calif. - CalPERS hired UBS to help the fund restructure its $15.2 billion private equity portfolio, according to a source familiar with the matter. In December 2005, the $245.3 billion California Public Employees' Retirement System decided to pare the number of private equity investments to 30 to 40 top private equity funds, from 135, among other changes. Clark McKinley, CalPERS spokesman, and Doug Morris, spokesman at UBS, declined to comment. No further details could be learned by press time.
The system also committed to six private equity funds, according to a transaction summary posted on the fund's website: e400 million ($544 million) with CVC European Equity Partners Tandem Fund; e300 million with Carlyle Europe Partners; $150 million each with Clearwater Capital Partners III and TPG Star; $100 million with Crimson Capital China's China Privatization Fund; and $50 million with Tailwind Investment Partners.
Carpenters, Arizona
PHOENIX - Carpenters District Council of Arizona invested...
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