All articles by Barbara Ottawa – Page 98
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Threadneedle boosts hedge fund division
[16:45 CEST 13-08] GLOBAL – Threadneedle Investments is acquiring specialist hedge fund manager Convivo together with its $476m (€348.3m) emerging markets portfolio.
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Bulgarian Doverie confirms investment trend
[16:30 CEST 13-08] BULGARIA – Pension funds are looking for alternatives both in the bonds and equities sectors as government bonds are becoming less attractive.
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Czech pension funds see profits soar
[16:45 CEST 10-08] CZECH REPUBLIC – Pension funds increased their combined profit to CZK2.63bn (€93m) for the first half of 2007, from CZK1.69bn a year ago.
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Bulgarian pension fund assets rise 22%
[15:30 CEST 10-08] BULGARIA – Retirement savings in second and third pillar pension plans for over 3.2 million Bulgarians have now reached BGN1.85bn (€946m).
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Fixed PPF levy 'problematic for some' - Aon
[16:00 CEST 10-08] UK – Companies and pension schemes could lose out financially should the levy for the Pension Protection Fund (PPF) be set for more than one year, Aon Consulting has suggested.
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Old Mutual sees 11% aum rise
[15:30 CEST 10-08] GLOBAL – London-based asset manager Old Mutual increased its assets under management by £26bn (€38.4bn) in the first half of this year.
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BAE Systems reduces pension deficit to £1.9bn
[15:15 CEST 10-08] UK – The pension fund of aerospace group BAE Systems saw the deficit in its UK defined benefit pension plans reduce from almost £3bn (€4.4bn) at the end of last year to £1.9bn at the end of June.
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Schroders loses £4.1bn in institutional money
[15:00 CEST 09-08] UK – In the first half of this year Schroders managed to stem a £9.8bn (€14.5bn) outflow in institutional funds under management with a £5.7bn inflow.
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State Street steps up private equity servicing
[14:00 CEST 09-08] GLOBAL – State Street has bought the New Jersey private equity specialist Palmeri Fund Administrators (PFA), for an undisclosed sum.
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Luxembourg's FDC appoints actuary
[13:00 CEST 09-08] LUXEMBOURG – The €5bn Fonds de Compensation commun au regime general de pension (FDC) has chosen Ernst & Young as its actuary.
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IPE-QUEST: $50m UK equity mandate
[12:30 CEST 09-08] EUROPE – A European multi-manager is tendering a $50m (€36.3m) UK large-cap mandate using IPE-Quest.
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Pension protection levy to be set for three years
[16:55 CEST 08-08] UK – The Pension Protection Fund (PPF) has released a consultation questioning whether the levy pension schemes pay should be fixed for three years.
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Real estate boosts ING's assets
[16:50 CEST 08-08] GLOBAL – Dutch banking group ING saw the assets under management in its real estate division increase by 37% to €74.7bn over the last year.
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Equities and alternatives boost Varma returns
[14:30 CEST 07-08] FINLAND – The largest Finish pension insurer Varma has posted a 6% return on investments for the first half of this year.
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F&C stems net outflows to £1.6bn
[15:30 CEST 06-08] EUROPE – A 24% rise in inflows helped F&C Asset Management reduce a £3.3bn (€4.9bn) outflow of institutional money in the first six months to £1.6bn.
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One in five chose pension fund for TFR
[13:30 CEST 06-08] ITALY – Eight out of 10 Italian workers have explicitly made a choice on where to put their severance pay (trattamente di fine rapporto, TFR) while only 10-15% used the 'silent assent' clause, figures released by the labour ministry reveal.
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Irish pension funds 'too patriotic', say consultants
[14:00 CEST 03-08] IRELAND – Irish managed pension funds generated a negative return of 3% for the month of July, mainly because of their high exposure to Irish equities, according to consultants.
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CSAM assets rise by a fifth
[15:00 CEST 02-08] GLOBAL – Credit Suisse Asset Management reported increases in assets under management and pre-tax profit for the first half of 2007 despite continued outflows in equity products.
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IPE-QUEST: Equity mandates for the Middle East
[13:00 CEST 02-08] UK – Investors in the Middle East are looking for pan-European, global, US and emerging market equity managers using IPE-Quest.
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Active managers see 'fee cake' crumble - IMA
[16:00 CEST 01-08] UK – The continuing trend among pension funds towards separating index tracking from absolute returns is a challenge for some active managers the UK's Investment Management Association (IMA) found.