All articles by Barbara Ottawa – Page 110
-
News
Greece sets new pension governance rules
GREECE – Following the recent scandal about pension funds’ bond purchases the Greek government has issued new rules on selections of board members for state-controlled funds.
-
News
AP7 awards pure alpha mandate
SWEDEN – The SEK80bn (€8.8bn) Swedish buffer fund AP7, Sjunde AP-fonden, has chosen Danske Bank for its pure alpha mandate.
-
News
Avon awards hedge fund mandates
UK – The £2.1bn (€3.1bn) Avon Pension Fund has awarded a £210m hedge fund mandate to five managers alongside a UK unconstrained equity mandate and an active corporate bond mandate worth £100m each.
-
News
German institutional asset mgmt fees ‘rise 10%’
GERMANY – Domestic asset managers providing active portfolio management raised their fees on institutional investors by up to 10% last year, according to a new study by consultant Georg Seil.
-
News
Lærernes chooses high-yield boutiques
DENMARK – The DKK22.9bn (€3bn) Danish Teachers' Pension and Life (Lærernes Pension) has chosen two US high-yield boutiques to replace T. Rowe Price and Capital International.
-
News
Norwegian state fund to raise equity exposure
NORWAY – Changes to the investment rules of the Norwegian Government Pension Fund announced today will see the fund’s equity exposure rise from 40% to 60%.
-
News
High information ratios only short-term – WM
UK – Pension funds are only able to achieve high information ratios over short periods, a new study by WM Performance Services finds.
-
News
Norway fund to axe cluster bomb firm – report
NORWAY – The Norwegian finance ministry has declined to confirm or deny a report that the Government Pension Fund – Global may withdraw investment from German arms maker Rheinmetall.
-
News
IPE-QUEST: €895m in Dutch pension fund money
NETHERLANDS – One or more Dutch industry-wide pension funds are using IPE-Quest to tender for fixed income and real estate mandates worth $1.2bn (€895m) in total.
-
News
Norwegian state fund drops gold mine firm
NORWAY – A South African gold mining company has been dropped from the portfolio of the NOK1.8trn (€221bn) Norwegian Government Pension Fund – Global for environmental reasons.
-
News
European institutions win €263m from Shell
EUROPE – European institutional investors led by the two largest Dutch pension funds have won a landmark securities claim from Shell relating to the oil giant’s 2004 reserves misreporting scandal.
-
News
Clwyd finds commodities and portable alpha managers
UK – The £793m (€1.2bn) Clwyd Pension fund has awarded a commodities and a portable alpha mandate as part of a major fund restructuring.
-
News
Taube starts new fund
UK – Veteran fund manager Nils Taube has set up a new company and is trying to lure over clients from his old venture for his first fund.
-
News
FSA to step up commodities monitoring
UK – The Financial Services Authority (FSA) has announced that it will increase its monitoring of the commodity markets in light of the fact that new players like pension funds have entered the market in masses and are in it to stay.
-
News
Derbyshire re-appoints Mercer
UK –The £970m (€1.52bn) Derbyshire County Council Pension Fund has re-appointed Mercer Human Resource Consulting as its actuary.
-
News
Credit Suisse loses CEO
EUROPE – Leonhard Fischer, Credit Suisse’s chief executive for Europe, Middle East and Africa is leaving the position just weeks after filling it at the beginning of March.
-
News
Cypriot system unsustainable - Sarris
CYPRUS – Civil servants will have to contribute to their pension fund in order to prevent a collapse of the system, according to the island’s finance minister.
-
News
ABN Amro Mellon to join BoNY - custody experts
GLOBAL – ABN Amro Mellon customers might become Bank of New York Mellon customers in future, custody experts told IPE.
-
News
Deutsche Bank to cut equities in own pension fund
GLOBAL – Deutsche Bank will halve the equity exposure in all its defined benefit pension plans over the next months.
-
News
Credit Suisse sees strong asset inflow
SWITZERLAND – Credit Suisse’s asset management section saw assets under management rise 13.7% to almost CHF 670bn (€413.5bn) while income was halved.
