All articles by Barbara Ottawa – Page 109
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CAAM receives early interest in volatility
EUROPE – A large Dutch pension fund has registered interest in Crédit Agricole Asset Management's (CAAM) exploitation of volatility as a hedge against equity market corrections.
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Staffordshire seeks independent advisor
UK – The £2bn (€3bn) Staffordshire County Council is seeking an independent investment advisor to strengthen performance monitoring of managers.
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Swedbank grows AUM by €18.5bn
SWEDEN – Swedbank and Folksam have agreed to join their asset management business under the Swedbank trademark which will see SEK170bn (€18.5bn) in pension assets flow to Sweden's largest bank.
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UK: GAD’s Young reviews pension compensation
UK – The government has named Andrew Young, directing actuary at the Government Actuary's Department, as head of the review of compensation for people in bankrupt pension schemes.
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IBM names UK pension trustee board director
UK – Jonathan Ferrar is taking over from David Heath as director of the pension trustee board at computer colossus IBM’s £4.4bn (€6.5bn) UK pension fund.
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Schroders names new chief financial officer
UK – Asset management firm Schroders has promoted Stephen Brooks to replace Jonathan Asquith as chief financial officer.
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Greeks to strike over bond scandal
GREECE – The largest union in Greece has called a nationwide strike on May 15 in response to government handling of dubious bond purchases by pension funds.
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Allianz creates pension fund for care personnel
GERMANY – The Allianz Pensionskasse and clinic group Marseille-Kliniken have established a pension fund for the care profession.
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€221bn Norwegian fund keeps on gambling
NORWAY – The NOK1.8trn (€221bn) Norwegian government pension fund has come under fire again for its investments – this time over gambling.
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First pension appointment to UKSIF board
UK – Meagan Thompson, corporate governance counsel at Railpen Investments, has become the first pension scheme professional to join the board of UK Social Investment Forum (UKSIF).
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Hermes criticises VW but won't stop Piech
GERMANY – At the annual general meeting of car company Volkswagen (VW), shareholders, including UK’s fund manager Hermes, criticised the firm’s corporate governance.
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PME to put €400m into life settlements
NETHERLANDS – PME, the €20.5bn fund for Dutch metalworkers, is to put up to €400m – or 2% of its total assets – into the emerging asset class of securitised life insurance policies or life settlements.
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Co-head of UK equities at £29bn scheme quits
UK – Fraser Slater, co-head of the UK equities team at the £29bn (€43bn) Universities Superannuation Scheme (USS), has left and the fund is looking for replacements.
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IPE-QUEST: Swiss institution seeking advice
SWITZERLAND – A Swiss institutional investor is using IPE-QUEST to look for advice on building a model portfolio for two sustainable equity mandates, one in the US and one in Europe.
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UK protection fund to create SRI policy
UK – The UK’s £305m (€446.3m) Pension Protection Fund is seeking a consultant to help it create a policy on socially responsible investing.
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Norwegian fund to screen for arms links
NORWAY – The NOK1.8trn (€220bn) Norwegian Government Pension Fund – Global is to screen its equity holdings to filter companies with connections to certain types of weapon production.
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Belgian association bewildered by DNB comments
BELGIUM – The head of the Belgian pension fund association has responded with bewilderment to comments yesterday by the Dutch central bank warning funds about the dangers of going across the border to their neighbour.
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Aon survey casts doubt on pension buyouts
UK – Only up to 10% of UK companies are candidates for a buyout solution for their pension scheme within the next three years, according to a survey from Aon Consulting.
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NPRF taps JP Morgan for private equity admin
IRELAND – The €18.8bn National Pension Reserve Fund (NPRF) in Ireland has chosen JP Morgan to provide it with accounting and administrative services for its property and private equity investments.
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Sweden to boost employment of “older” workers
SWEDEN – Sweden plans to scrap the special employer’s contribution for all workers to encourage the employment of older people.
