Asset Managers – Page 180
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News
Strathclyde completes strategy review
[16:55 CEST 11-09] UK – The £8.39bn (€9.6bn) Strathclyde pension fund is considering the creation of a "new opportunities" portfolio following the conclusion of the triennial review of its investment strategy and structure.
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Swiss and Danish funds launch manager searches
[13:00 CEST 11-09] IPE-QUEST - Two new manager searches have been placed on IPE-Quest. The first is for a balanced mandate for a Swiss pension fund, the second is a real estate search for a Danish fund.
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Lothian appoints three transition managers
[16:00 CEST 10-09] UK - The £2.6bn (€2.97bn) Lothian Pension Fund has appointed BNY ConvergEx, Barclays Global Investors and State Street to its transition panel for pension fund investment services.
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East Riding of Yorkshire seeks investment manager
[17:15 CEST 09-09] UK - East Riding of Yorkshire Council has launched a tender for investment management services for one-third of its pension fund portfolio, equivalent to £500m (€568m).
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Global downturn knocked 21% off London fund
[17:10 CEST 09-09] UK – The London Pensions Fund Authority (LPFA) scheme dropped £551m (€625.9m) in the year to 31 March 2009 to reach £3.02bn, as the global economic downturn caused the asset values of its investment portfolios to plummet.
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Hammersmith and Whitbread reveal strategic decisions
[15:30 CEST 04-09] UK – The London Borough of Hammersmith & Fulham has decided against adopting a currency hedge strategy for its £438.5m (€503.4m) pension fund, but will keep the option under review.
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Norway-Global excludes Israeli defence firm
[16:55 CESt 03-09] NORWAY – The Government Pension Fund – Global has divested a NOK35.8m (€4.1m) holding in the Israeli company Elbit systems following a recommendation by the Council of Ethics over "violations of international humanitarian law".
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Dutch asset managers can opt for supervision
[17:25 CEST 02-09] NETHERLANDS - The Dutch government has offered local asset managers the option of a voluntary supervisory regime. The aim is to increase their attractiveness to foreign institutional investors.
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German institutions do better to manage assets themselves – study
[17:15 CEST 02-09] GERMANY – Domestic institutional investors managing more than half their assets internally perform better than those that mainly outsource, according to a survey conducted by the consultancy Complementa and the Bavarian Centre of Finance.
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Camden to consider real estate increase
[16:55 CEST 02-09] UK – The London Borough of Camden is considering the next stage of the restructure of its pension fund investment portfolio including a potential increase in property.
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News
Enfield seeks manager, Thames Water hunting actuary
[17:05 CEST 01-09] UK – The London Borough of Enfield is seeking an active manager to run a global equity mandate worth £55m (€62.4m), or 12% of its pension fund, as at end-June.
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Lothian focuses on alternatives in new strategy
[17:00 CEST 01-09] UK – Lothian Pension Fund is set to increase its allocation to alternative assets from 24% to 35% in a gradual transition to its new investment strategy.
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NewsKensington, Enfield and Falkirk seek managers
[17:00 CEST 28-08] UK – Three local authorities are tendering investment manager roles for their pension funds to cover UK property, active global equities and a passive portfolio.
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News
Pricing pressures fail to halt interest in full buyouts
[16:55 CEST 21-08] UK – Pensions consultancy Lane, Clark & Peacock has seen an increase in the number of quotation requests for full pensions buyouts, despite warnings on the horizon of possible bulk annuity price increases.
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Anadolu considers pioneering pensions move
TURKEY - Anadolu Hayat Emeklilik, the second-largest pension insurance firm in Turkey in terms of assets under management, could pioneer diversification of the country's pension fund range by introducing a new interest-free investment vehicle which follows the principles of 'Sukuk', IPE has learned.
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Optimism improves but Europe holds back
[15:45 CEST 21-08] GLOBAL – Fund manager optimism towards the global economies and investment markets has substantially improved to match recent market activity. But European fund managers are still reticent about moving assets back into equities, suggests Merrill Lynch’s latest survey of fund managers.
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Dutch pensions up share in local funds
[16:55 CEST 20-08] NETHERLANDS - Dutch pension funds increased their share in Dutch investment funds during the second quarter of this year to two-thirds of the market, which in turn amounted to €241bn, according to pensions regulator De Nederlandsche Bank.
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NBIM expects transparency over water management
[16:45 CEST 19-08] NORWAY – Norges Bank Investment management (NBIM) has warned companies that it invests in on behalf of the Government Pension Fund – Global must take a "long-term approach to the issue of water", and consider the impact of local communities on water and sanitation challenges.
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Lincolnshire seeks global equity manager after strategy review
[16:40 CEST 17-08] UK – Lincolnshire County Council has initiated a tender search for one or more managers to run a £200m (€231.9m) global equity portfolio for its local government pension scheme, following a review of its asset allocation strategy.
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Crisis might speed up Bulgarian reform – CFO interview
BULGARIA – The financial crisis could boost plans to introduce a life-cycle model to the Bulgarian pension system, Miroslav Marinov, CFO of the pension fund management company Doverie, has told IPE.
