Asset Allocation – Page 103
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PPF to increase alternatives portfolio with £500m energy mandate
Lifeboat fund says tender for up to £500m will sit within its alternatives portfolio, accounting for a fifth of assets
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New German pension pooling vehicle 'not in high demand'
Consultants say lingering questions over use of Investment KG meaning pooling vehicle established last year not attracting much interest
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Swedish funds must disclose portfolio's climate impact or face regulation, says MP
Environment spokesman for prime minister’s Moderate Party says political interference cannot be ruled out if pension sector does not act
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Strathclyde in debut deal for new Clydebuilt venture
First investment for local opportunity fund launched by UK’s largest local authority pension scheme
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PKA’s Genan write-down cancels out first half private equity returns
Group’s five labour-market pension funds make 6% return overall, up from 0.3% during first six months of 2013
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'Effective' engagement key to concentrated equity portfolios - SPF Beheer
Pension fund manager highlights success of €3bn, concentrated portfolio consisting only 70 companies
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Germany to impose Solvency II measures on local pension funds
Final draft for the new insurance law transfers elements of Solvency II onto funds despite industry objections
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Environment Agency tenders £250m 'evergreen' sustainable equity mandate
Local authority fund tenders agreement that could be renewed indefinitely as long as asset manager meets financial and non-financial targets
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LD adds DKK2.8bn of corporate bonds as strategy targets liquidity
Assets grow to DKK54.5bn at half-year stage despite outflow of funds
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Invensys pension fund moves to surplus after sponsor sale, takeover
Fund size increases despite being significantly cash-flow negative
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Dutch must slow consolidation, shift to DC to improve pensions – experts
Academic Alfred Slager, Robeco board member Hans Rademaker and PGGM’s Erik Goris advise on future of system
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AP2 moves most EM mandates in-house as exposure grows
Fund’s chief executive echoes AP3 in calling for re-think of buffer fund system reform
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SPK criticises Sweden's 'inefficient' capital requirement proposals
CEO questions why requirements proposed in light of EC’s decision not to include them in IORP Directive
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Cost-cutting no longer Swiss pension funds' chief concern – survey
Credit Suisse survey points to growing importance of diversification, long-term returns
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United Utilities scheme allocates to private debt after ‘positive’ valuation
Fund to decrease reliance on internal inflation hedging mechanism, explore further de-risking options
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PFA, PensionDanmark lift H1 returns with all asset classes positive
PensionDanmark sees half-year investment income outstrip gains seen throughout 2013, as PFA praises ‘historic’ high return
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ATP ready to increase real asset exposure after changes to pension guarantees
Change to guarantees offered to members to allow fund to allocate around 25% of liability-matching portfolio to property, infrastructure
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BVK behind €600m financing deal for Berlin mall
Bayerische Versorgungskammer provides €450m in funding for mall set to open in German capital next month
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ATP half-year investment return doubles to 9.4% aided by equities
Group halves hedging losses to DKK741m, down from DKK1.5bn losses seen during first six months of 2013
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Pensions Federation highly critical of new FTK, warns framework will hand too much power to DNB
Industry association criticises new framework will not achieve intergenerational balance, as unions warn funds could stay in recovery mode indefinitely