Asset Managers – Page 177
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News
SRI is dying, claims PwC
[16:50 CET 24-11] GLOBAL – The concept of socially-responsible investment (SRI) is dying, according to Jon Williams, a partner at PricewaterhouseCoopers, although he admits the models of negative and positive screening and engagement could remain valuable for certain types of investors.
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Active managers should be performing by now - Halbis
[16:15 CET 24-11] GLOBAL - Many active asset managers have underperformed the market this year despite almost perfect conditions, according to Ian Barnett, global head of investment risk at Halbis.
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Icelandic Investment Fund delayed
[15:50 CET 24-11] ICELAND – The establishment of the Icelandic Investment Fund (IIF) has been delayed until next month to give pension funds more time to decide whether or not to join the venture.
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Ireland to target cross-border pensions - Cowen
[16:00 CET 20-11] IRELAND – Brian Cowen, the Irish Taoiseach (prime minister) says his country will maintain its position as a 'centre of excellence' in the management of European pension funds by targeting cross-border pension activity.
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FRR awards €4bn to inflation-linked bond mandates
[14:30 CET 20-11] FRANCE - Fonds de reserve pour les retraites (FRR), the €31.9bn French national pension reserve fund, has awarded €4bn in bond mandates to six major managers
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News
Half of fund managers predict strong growth in 2010
[117:30 CET 19-11] GLOBAL - More than 50% of fund managers expect to witness double-digit profit growth over the next year, according to a new Bank of America-Merrill Lynch survey.
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News
Innovative SRI products needed, say pensions execs
EUROPE – Panellists at the European Pension Funds Conference in Frankfurt have called on SRI/ESG service and product providers to come up with innovative products to help pension funds adapt their investments.
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Pensions focus 'must shift to liability benchmarking'
[13:30 CET 18-11] NETHERLANDS – One impact of the credit crisis on pension funds is the growing importance of risk management and a focus on moving towards using scheme liabilities as the ultimate benchmark, according to Jan Willem van Stuijvenberg.
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Positive link between ESG and financial performance - Mercer
[16:55 CET 17-11] GLOBAL - More academic research has shown that environmental, social and governance (ESG) factors can have a positive impact on portfolio returns.
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NewsUnilever's Docherty predicts trustee behaviour change
[14:00 CET 17-11] UK – The recent economic downturn is likely to have led to a change in trustees' behaviour with regards to pension investment strategy and a greater balance between risk and reward, according to Unilever pension fund's Angela Docherty.
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News
Norway Global seeks further screening service
[17:00 CET 16-11] NORWAY – The Norwegian ministry of finance is seeking an ethical screening service for the Norwegian Government Pension Fund – Global to assess possible breaches of its guidelines concerning the manufacture of tobacco, anti-humanitarian weapons and military supplies to Burma.
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Asset managers must 'kill sacred cows' – McKinsey
[15:00 CET 13-11] EUROPE – Asset managers were saved by institutional inflows during the crisis but in order to survive it they will have to restructure their businesses, management consulting firm McKinsey & Company says.
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NewsAPG calls on EC to temporarily withdraw AIFM
[16:00 CET 12-11] EUROPE – APG has called on the European Commission to temporarily withdraw its proposals on the draft directive on Alternative Investment Fund Managers (AIFM) in light of the large number of expected amendments and to produce a "more balanced proposal by the summer".
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News
State Street ups fund to fight investor claims
[14:00 CET 09-11] GLOBAL – State Street has increased the battle fund it set aside in November 2007 to cover potential legal claims regarding its fixed income investment strategies, which were alleged to have exposed institutional investors to sub-prime mortgages.
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News
PIMCO put on watch as PPF's LDI strategy drives return
[17:05 CET 06-11] UK – The UK Pension Protection Fund (PPF) reported a return of 13.4% in the year to March 2009, although this was primarily driven by the success of its swap portfolio overlay.
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Lambeth tenders bulk of pension in strategy overhaul
[16:45 CET 06-11] UK – The London Borough of Lambeth is tendering seven investment mandates for its £700m (€781m) pension fund as it has overhauled its strategy to include new investment classes such as fund of hedge funds and active currency.
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News
AP7 to launch new products following overhaul
[16:30 CET 04-11] SWEDEN - The Seventh Swedish National Pension Fund (AP7) will take a new shape after May 2010 and management is currently ironing out details for the launch of its new equity and fixed-income funds.
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News
UK roundup: Environment Agency, Leeds University, City of London
[15:00 CET 04-11] UK – The Environment Agency's £1.4bn (€1.6bn) Active Pension Fund has extended a global equity mandate. The University of Leeds is seeking a property manager for its non-USS pension scheme, and the City of London is searching for investment consultants.
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News
Robeco performance sparks Rabo pension review
[16:45 CEST 30-10] NETHERLANDS - The €11.4bn Rabobank pension fund has decided to divide its equity portfolio across several managers, following disappointing performance from Robeco.
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NewsING IM announces new CEO
[16:55 CEST 29-10] GLOBAL - Gilbert Van Hassel has been named as global chief executive of ING Investment Management, just days after it was announced the division is to be spun off as a separate company.
