All articles by Barbara Ottawa – Page 119
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News
SSGA wins €151m mandate from Denmark’s PKA (updated)
DENMARK – The Pensionskassernes Administration (PKA) has awarded a $200m (€151m) active equity mandate to State Street Global Advisors (SSGA).
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News
WM survey puts UK fund returns at 10% for 2006
UK - Pension funds in the UK finished 2006 with overall returns of 10%, WM Performance Services found in its latest survey, which covers two-thirds of the UK pension fund market.
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News
US law firm comes to London to advise European investors
EUROPE – US law firm Cohen, Milstein, Hausfeld & Toll is setting up an office in London in mid-January to advise European institutional investors on litigation against corporates.
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News
Ireland’s NPRF returns 12.3% in 2006
IRELAND – The €18.8bn National Pensions Reserve Fund (NPRF) returned 12.3% on its investment in 2006 a report revealed. That is 7.3% less than in 2005, which was a year of exceptionally high returns for the NPRF.
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News
New editor for IPE magazine
Investment & Pensions Europe is to have a new a new editor as from mid-February to take over from founding editor Fennell Betson, who will become editorial director of IPE.
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Features
Building stronger portfolios
Pension funds should build stronger portfolios to brace themselves for worst-case scenarios rather than just researching them a panel discussion ‘Where are the markets moving and how to react’, that was moderated by Karel Stroobants, chairman of Akkermans Stroobants & Partners. “We were too often disappointed by diversification when we ...
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News
Littlewoods brings pensions in-house
UK – Sue Nimmo has been appointed pensions manager for the Littlewoods Shop Direct Group.
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News
EU pension scheme looking for actuary
EUROPE – The European Court of Auditors is looking for an actuary for the annual calculation of liabilities of the unfunded scheme for EU civil servants (PSEO).
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News
€5bn in Italian TFR money looking for managers
ITALY – Under the new law on the severance pay (TFR) an estimated €5bn is to flow into private pension funds.
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News
New Nestlé pension arm takes over
EUROPE – The newly created Nestlé Capital Management (NCM) is to take over from Nestlé UK Pension Trust Ltd or Fonds de Pensions Complementaire Nestlé as investment manager for the company’s in-house Robusta funds.
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News
Denmark’s PFA Pension names new CIO
DENMARK – Henrick Franck will become the new chief investment officer for the DKK 206.4bn (€27.7) Danish life insurer PFA Pension as of April 1 2007.
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News
Varma CEO to chair new market association
FINLAND – Matti Vuoria, chief executive of Varma Mutual Pension Insurance Co., has been elected chairman of Finland’s new Securities Market Association.
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News
Schroders under review at Berkshire fund
UK – The £1.4bn (€2.1bn) Berkshire county pension fund is looking for a specialist Asia-Pacific (including Japan) manager for a mandate in excess of £80m.
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News
€5.4bn Pensions Trust re-appoints custodian
UK – The £3.6bn (€5.4bn) Pensions Trust has re-appointed Northern Trust as its global custodian.
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News
Association of British Insurers’ pension head leaves
UK – Chris Kenny, head of pensions at the Association of British Insurers (ABI), will be leaving the organisation as of tomorrow.
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News
Consulting firm Blacket goes into liquidation
UK – Blacket Research, the firm set up to evaluate trustee decisions and investment consultants’ advice to pension funds, has gone into liquidation after heavy losses.
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News
Turkey implements new pension parameters
TURKEY – The Turkish government says it will implement new pension parameters to help put its medium-term finances on a secure footing.
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News
Capital International institutional assets decline (amended)
EUROPE – Capital International has seen its European (including UK) institutional assets decline 5% since December 2005.
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News
UBS, Aberdeen under review in Waltham revamp
UK – The £430m (€641m) London Borough of Waltham Forest pension fund is completely overhauling its investment strategy in a move from multi-asset to specialist managers.
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News
Ex-Unilever pensions head Lewin to help DWP
UK – The Department for Work and Pensions has appointed former Unilever UK head of pensions Chris Lewin to help it cut red tape.
