All articles by Carolyn Bandel – Page 20
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News
Cambridgeshire goes passive
[12:35 CEST 21-07] UK – The £1.4bn (€1.8bn) pension fund of UK local authority Cambridgeshire county council has awarded a £140m passive equity mandate to State Street Global Advisors (SSgA).
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€24bn Finnish fund loses manager selector
[15:55 CEST 18-07] FINLAND – The head of external equity manager selection at the Local Government Pensions Institution (LGPI), Finland’s largest retirement fund, has left her post.
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1 in 3 Dutch funds have long term reserve shortage – Mercer
[14:37 CEST 18-07] NETHERLANDS – Currently one out of every three Dutch pension funds has a long term reserve shortage, according to investment consultancy, Mercer.
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Landmark case points funds to insurance arena
[13:08 CEST 18-07] NETHERLANDS – A Dutch court has ruled that pension funds turned asset managers can continue working under the same name.
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DB schemes continue feeding buyout market
[16:06 CEST 17-07] UK – Almost half of UK private sector defined benefit (DB) pension schemes expect to offload their liabilities through a pension buyout or other type of transaction within the next 10 years, according to consultancy Watson Wyatt.
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NewsUnilever fund to double commodities
[15:27 CEST 17-07] NETHERLANDS – Progress, the €4bn Dutch pension fund of food and home care products manufacturer Unilever, is looking to double its commodity investments by the end of 2008.
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NewsDutch big four lose €16bn in first half
[15:02 CEST 17-07] NETHERLANDS – ABP, PFZW, PMT and PME are down almost €16bn in the first half of this year following losses on equity and real estate investments.
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PKA campaigns for lower guarantees
[14:28 CEST 17-07] DENMARK – Pensionskassernes Administration (PKA), Denmark’s largest occupational pension fund administrator, will try to persuade members to abandon guaranteed positive returns.
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NewsRecession threat dampens inflation fears
[15:29 CEST 16-07] EUROPE – European fund managers are looking to healthcare stocks as a safe haven as risk appetite plummets, according to Merrill Lynch.
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NewsDutch government advisor SER goes fiduciary
[13:30 CEST 16-07] NETHERLANDS – The €145m pension fund of the Dutch Social and Economic Council (SER), the body that advises the Dutch government on social and economic policy, has appointed ING/AZL as its fiduciary manager.
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NewsWednesday people roundup
[12:06 CEST 16-07] GLOBAL – Aon, A.G. Bisset & Co, Pioneer, Aegon, BlackRock, Credit Suisse, Cardano, CAAM, CBRE, Watson Wyatt, Alcentra, HSBC, Invalda.
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NewsBulgaria changes risk options for schemes
[15:38 CEST 15-07] BULGARIA – The Bulgarian government has agreed to implement changes proposed by the Financial Supervision Commission to enable different risk levels in the third pillar and raise the equity cap for second pillar funds.
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NewsDKK115bn PKA eyes hedge funds and bank loans
[15:23 CEST 15-07] DENMARK – Pensionskassernes Administration (PKA), Denmark’s largest occupational pension fund administrator, is looking to make its first allocation to hedge funds.
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NewsICGN taps CalSTRS CIO as finance chairman
[15:33 CEST 14-07] UK – The UK’s International Corporate Governance Network (ICGN) has confirmed the appointment of Christoper Ailman, the chief investment officer (CIO) at the giant California State Teachers' Retirement System (CalSTRS).
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Second quarter wipes £30bn off British pension funds
[14:48 CEST 14-07] UK – The aggregated pension schemes of the UK’s 100 largest companies lost £30bn (€37.5bn) in the second quarter this year following increasing liabilities pushed by inflation, according to a new survey.
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Graphics giant envisages €25bn media fund
[12:51 CEST 14-07] NETHERLANDS – In a push for third-party business, the €9.8bn pension fund for the printing and publishing industry Pensioenfonds Grafische Bedrijven (PGB) wants to persuade Dutch media industry schemes to use its services.
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IPE-Quest: €50m small cap US equity tender
[16:52 CEST 11-07] EUROPE – A continental European pension fund has said it is looking for a manager for a €50m USA and Canada core equity small cap brief, using IPE Quest.
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Nordea to launch Estonian pensions business
ESTONIA – Nordea, the Nordic finance group, is to enter the Estonian pension fund market with the planned launch of its Nordea Pensions Estonia pension fund.
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Hoogovens fund to strengthen SRI criteria
[15:29 CEST 11-07] NETHERLANDS – Stichting Pensioenfonds Hoogovens, the €5.19bn scheme of Corus Netherlands, is set to implement a new socially responsible investment (SRI) policy for its investments.
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Aegon finalises Turkish push
[15:00 CEST 10-07] TURKEY – The Dutch insurer Aegon has confirmed its expansion into Turkey with the completed acquisition of the Turkish pension and life insurance provider, Ankara Emeklilik.
