Asset Managers – Page 188
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News
Gwynedd tenders active bonds portfolio
[16:15 CET 02-03] UK – Gwynedd Council is seeking an active bond manager for a £100m (€113m) active bond mandate for its local authority pension fund following a recent review of its investment structure.
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APG set to unveil its corporate strategy
[17:15 CET 27-02] NETHERLANDS – APG Group, the wholly-owned subsidiary of the Dutch pension fund for healthcare workers ABP, is now developing the next stage of its international expansion plans following its recent merger with rival firm Cordares.
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Call on Dutch to target Western Europe
[15:30 CET 25-02] NETHERLANDS – The Dutch pensions industry should focus on EU countries in Western Europe as an export market for the Dutch pension system because their models are relatively compatible, according to an academic and pensions expert.
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Czech funds meet need for positive return
CZECH REPUBLIC – Only two funds in the Czech Republic private pension sector managed to generate a return above 1% last year, but all at least delivered positive performance as the other eight just scrapped the zero mark.
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Norway tenders ethical research mandate
[13:30 CET 24-02] NORWAY – The Ministry of Finance is seeking to establish a framework agreement relating to research of companies included in the investment portfolio of the Government Pension Fund – Global.
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Management fees predicted to shift downwards
[17:00 CET 20-02] GLOBAL – Pension consultant Mercer predicts asset managers will show greater willingness to negotiate fees downwards this year and beyond, under pressure from the economic downturn.
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Scheme seeks high yield US debt manager
[16:55 CET 20-02] NETHERLANDS – A Dutch pension fund is looking for an external managers to manage a $100m (€79.3m) USA high yield debt mandate, using IPE Quest.
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Home Group seeks admin provider for DB fund
[16:55 CET 20-02] UK – Trustees of the Home Group Pension and Life Assurance Scheme are seeking a pension administration provider for the £57m (€64.5m) defined benefit (DB) scheme.
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Fund managers lighten up on economy
[17:10 19-02] GLOBAL – Investors are at their most hopeful about the year ahead since the credit crunch took hold in July 2007, according to the latest fund manager survey by asset manager Merrill Lynch.
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News
A quarter of Pensionskassen are under 90%-funded
[17:05 CET 19-02] SWITZERLAND – Consultant Swisscanto has discovered the average funding level of Swiss Pensionskassen had deteriorated to 94.4% by the end of 2008 and the buffer funds have all but dried up.
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News
UNJSPF lost quarter of its value in 2008
[16:00 CET 17-02] GLOBAL – The United Nations Joint Staff Pension Fund (UNJSPF) lost over $10bn (€7.8bn), around a quarter of its fund value, to end 2008 at $31.37bn.
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NewsFunds review diversification and management
[17:00 CET 16-02] GLOBAL – Opinion polls suggest pension fund managers globally are questioning the use of diversification, just as funds are re-evaluating their investment management policy.
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NewsNorway retenders ethical screening contracts
[17:00 CET 13-02] NORWAY – The Ministry of Finance has initiated a search on behalf of the Council on Ethics for the Norwegian Government Pension Fund – Global for two suppliers to perform ethical screening of companies in the funds portfolio.
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OECD calls for pension expansion despite $5.4trn loss
[16:55 CET 12-02] GLOBAL – Private pensions across the world lost $5.4trn between January and December 2008, up from $5trn in October 2008, driven mainly by returns on US pension funds, according to figures from the Organisation for Economic Cooperation and Development (OECD).
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News
Eureko rebrands Romanian division
ROMANIA – Netherlands-registered insurer Eureko is renaming its Romanian operations prior to a pension fund merger, in a bid to reassure clients.
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News
Eumedion seeks end to short-selling bans
[16:00 CET 10-02] EUROPE - Eumedion, the Nethelands-based corporate governance forum for institutional investors, has called on European governments and supervisors to lift the remaining short-selling bans.
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News
Siemens fund taps into sponsor's venture capital FoF
[15:15 CET 10-02] GERMANY – The German pension fund of Siemens AG, Europe's largest engineering company, and two insurers will provide the first $100m (€78m) for the company’s first venture capital fund of funds.
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News
UBS sees CHF226bn in outflows
[14:00 CET 10-02] GLOBAL – Net new money outflows from all of UBS’ businesses amounted to CHF226bn (€150.6bn) in 2008 and CHF103bn of that was from asset management – though January has already led to inflows at the bank.
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News
Co-operative could provide pensions solace – Santing
[16:35 CET 09-02] NETHERLANDS – Dutch pension funds should join forces as co-operatives to prevent being forced further into short-term thinking, according to Gerald Santing, former director of the Netherlands Authority of the Financial Markets (AFM).
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News
Half of PensPlan’s lines make gains
[16:30 CET 09-02] ITALY – Thirteen of the 22 investment lines offered as pensions investments by PensPlan achieved positive returns in what officials describe as conditions which were “difficult to register positive results”.
