Asset Managers – Page 194
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News
Corporate fund seeks equity manager
[17:20 CEt 07-11] EUROPE – A European corporate pension fund is looking for managers for a $100m (€78.4bn) all or large cap pan-European equity mandate, using IPE Quest.
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Avon targets full investment advice
[16:50 CET 03-11] UK – Bath and North East Somerset Council is seeking an investment consultant to provide services to the £2.14bn (€2.7bn) Avon pension fund.
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Risk control creates risks, says ex-risk manager
[15:00 CET 31-10] GLOBAL – Part of the current financial crisis is down to uniform risk management systems as they lead to pro-cyclical divestments, a former risk manager has told IPE.
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DTCC closes out $500bn in Lehman's bankruptcy
[16:30 CET 30-10] GLOBAL – The Depositary Trust and Clearing Corporation at one stage processed a total of 209 million open trades related to the collapse of Lehman Brothers in a single day, and has now closed out bankruptcy trading contracts worth over $500bn.
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Pension funds knock BGI off the top
[17:10 CET 28-10] NETHERLANDS – A study of Dutch pension funds has unsurprisingly revealed APG, PPGM and Mn Services have removed Barclays Global Investors as the largest asset manager to Dutch pension funds, but evidence suggests foreign players are increasing their presence in the fiduciary market.
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Aviva continues European push in tough markets
[16:55 CET 28-10] GLOBAL – Aviva Investors, the asset management arm of the bancassurance giant Aviva Group, increased its presence in the Polish and Dutch pensions markets in the first nine months of this year.
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Swedish funds underwrite Swedbank rights issue
[17:15 CET SWEDEN – The first and the second Swedish state pension funds, AP1 and AP2, alongside AMF Pension have underwritten the SEK12.4bn (€1.23bn) rights issue of Swedbank, the biggest bank in the Baltics.
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Swiss funds bet on Swiss francs
[16:15 CET 27-10] SSWITZERLAND – Home bias is back in fashion as Swiss funds are turning towards investments in Swiss francs, especially domestic bonds – details of the Credit Suisse Pensionskassenindex reveal.
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Norfolk and Staffs start manager search
[16:30 CEST 24-10] UK – Staffordshire and Norfolk County Councils have initiated searches for equity and bond managers for their local government pension schemes (LGPS).
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Czech Republic adds personal pensions into fray
CZECH REPUBLIC – The Czech government is planning to restructure its pension fund system by introducing third pillar personal pension arrangements which are described as being more transparent vehicles but which do not carry a full guarantee.
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AP1 awards Australian firm €52m Asian mandate
[16:15 CEST 21-10] SWEDEN - Första AP-fonden (AP1), the First Swedish National Pension Fund, has awarded an AU$100m (€51.9m) Asian equities mandate to the Australian boutique investment firm Treasury Asia Asset Management (TAAM).
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NewsBosch Pensionsfonds eyes alternatives
[16:45 CEST 20-10] GERMANY – The €800m German corporate pension scheme of multinational Bosch, best known for its appliances, is planning to make its first allocations to alternative investments.
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LGPS investment regs need to be 'simplified'
[16:40 CEST 20-10] UK – The Chartered Institute of Public Finance and Accountancy (CIPFA) intends to recommend the government simplify and modernise the investment regulations for Local Government Pension Scheme (LGPS).
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NewsBelgian pension body against securities lending
[17:05 CEST 17-10] BELGIUM – Philip Neyt, the chairman of the Belgian Association of Pension Funds (BVPI), has called on Belgian corporate and industry wide pension funds to stop the lending of securities.
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Funds plan more exposure to emerging markets
[17:05 CEST 16-10] EUROPE – The majority of Northern European Institutional investors have said they are planning to raise their exposure to emerging market equities over the next three years.
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UBS spins off riskier assets
[16:00 CEST 16-10] SWITZERLAND – Swiss bank UBS has created a standalone fund which allows the firm to rid itself of illiquid assets burning its balance sheet and raise capital through the Swiss central bank.
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APG Group signs cross-border deal with PensPlan
[16:55 CEST 13-10] NETHERLANDS - APG Group has formalised a deal with the €1.6bn Italian pension administrator PensPlan which will initially see APG manage €100m in assets for the Italian provider.
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News
Mn Services launches UK office
[15:30 CEST 08-10] UK/NETHERLANDS – Mn Services, the Dutch pension provider and fiduciary manager, has launched its new London-based office, headed by former ABN Amro Asset Management director Remco van Eeuwijk.
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Turkish pensions growth to reach two million people
[13:00 CEST 08-10] TURKEY – Turkish private pension funds are close to TRY6bn (€3.29bn) in value while the system is likely to cover two million participants soon, Mehmet Simsek, Turkey’s minister for economy has revealed.
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Beware of negative hedging impact – ex-AFM director
[17:10 CEST 07-10] NETHERLANDS – Risk managers are not sufficiently aware that hedging strategies could increase the overall risk of pension funds in current market conditions, the former director of the Netherlands Authority of the Financial Markets (AFM) has warned.
