All articles by Barbara Ottawa – Page 102
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Devon heads down the infrastructure route
[16:25 CEST 25-06] UK – The £2bn (€3bn) Devon County Council Pension Fund is making its first foray into infrastructure via a new UBS vehicle.
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UBS stake in Julius Baer sold
[16:20 CEST 25-06] SWITZERLAND – Swiss private bank Julius Baer has bought back 5.47% of its shares held by Swiss banking group UBS, while the remaining stake has been sold on the stock market.
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EBRD-backed Slovenian giant goes east
SLOVENIA – Slovenian pension provider Prva is one of the first to be granted a license to sell compulsory supplementary pension products under Romania's newly-created second pillar.
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FRR reviews currency mandate
[11:02 CEST 25-06] FRANCE – The €32bn Fonds de Réserve pour les Retraites (FRR) is reviewing its overlay manager State Street Global Advisors and has awarded three equity mandates.
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IPE-QUEST: $50m hedge fund strategy mandate
[11:00 CEST 25-06] EUROPE – A continental European pension fund is looking for an active global equity market neutral manager, using IPE Quest.
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NPRF switches Japanese equity mandate
[16:25 CEST 22-06] IRELAND – JP Morgan has lost a €300m active Japanese mandate with the €20.7bn National Pensions Reserve Fund (NPRF).
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Eurizon Capital gets new CEO
[16:23 CEST 22-06] ITALY – Francis Candylaftis is to become the new chief executive at Eurizon Capital, one of the largest Italian asset management houses.
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BoNY/Mellon appoints 18 directors
[16:21 CEST 22-06] GLOBAL – Nine directors at Bank of New York and Mellon are set to leave as the companies have announced the 18-member board of their joint entity.
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UN warns of "destabilizing" effect of pension funds
[17:11 CEST 21-06] GLOBAL – The United Nations (UN) has voiced concern about the impact growing activity of institutional investors, such as pension funds, might have on economies.
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Portability seeks amendments after MEPs' 'OK'
[17:10 CEST 21-06] EUROPE – The European Parliament has approved a watered-down version of the portability directive but the paper will now go back to the Commission for more amendments in order to get the Council's approval.
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FSA reduces pension deficit by 12.5%
[17:09 CEST 21-06] UK – The Financial Supervisory Authority (FSA) spent £26m (€38.7m) last year in order to reduce the deficit in its final salary pension plan by £11.4m to £79.9m.
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Pension funds seek drug firms transparency
[16:57 CEST 20-06] GLOBAL – Two of the largest European pension funds USS and ABP are calling on the pharmaceutical industry to address issues such as transparency and access to medicine in order to increase investor value.
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Delta Lloyd buys Dutch asset manager
[16:56 CEST 20-06] NETHERLANDS – Delta Lloyd, the Dutch subsidiary of Aviva, is acquiring Cyrte Investments.
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VSE looks further east for new indices
[16:38 CEST 19-06] AUSTRIA/CEE – The Vienna stock exchange is looking to create new indices for eastern European countries.
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Boots trustees win £1bn in takeover battle
[16:13 CEST 19-06] UK – Pension fund trustees of pharmacy group Boots have agreed a deal with AB Acquisitions which should see the fund receive a significant cash injection when the company is bought.
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Parliament seeks trustee advice
[16:09 CEST 19-06] UK – Trustees of the £280m (€414m) Parliamentary Contributory Pension Fund of the House of Commons are looking for investment advice.
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Pension organisations gain new heads (amended)
[16:01 CEST 19-06] EUROPE – Both the Irish Association of Pension Funds (IAPF) and the Association of Paritarian Institutions (AEIP) have named new heads for their organisations. (amends positions of AEIP appointments)
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Active managers hindered by fund size - research
[16:55 CEST 18-06] GLOBAL – Most investment funds are too big to provide active managers with the flexibility needed to outperform the benchmark significantly, new research confirmed.
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IPE-QUEST: €67m European equities mandate
[16:55 CEST 18-06] NORDICS – A Nordic financial institution is tendering a $90m (€67m) active European equities mandate on behalf of a pension fund.
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Luxembourg FDC appoints 18 managers
[11:58 CEST 18-06] LUXEMBOURG – The Fonds de Compensation commun au regime general de pension (FDC) has appointed 18 managers for a total of €3.8bn.
