All articles by Carolyn Bandel – Page 22
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Watson Wyatt unites global quant offerings
[11:30 CEST 02-07] UK – Consultancy firm Watson Wyatt Worldwide is creating a quantitative research and investment systems group in an attempt to combine its various quant offerings into one team.
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Danes at front of mining firm scrutiny over Zimbabwe
[16:15 CEST 01-07] GLOBAL – PFA Pension, the second-largest Danish pension scheme, has joined a group of influential European pension funds and opened dialogue with mining company Anglo American over its mining activities in Zimbabwe.
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Hedge fund exodus fails to surface
[11:30 CEST 01-07] GLOBAL – Even with falling returns, institutional investors are still happy to invest in hedge funds, according to research-based consultant Greenwich Associates.
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Dutch union fund eyes PFZW merger
[11:15 CEST 01-07] NETHERLANDS – The €400m pension fund of the Dutch trade union federation FNV wants to join the €88bn Pensioenfonds Zorg en Welzijn (PFZW), previously known as the PGGM pension fund.
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Aegon merges Hungarian pension funds
[16:40 CEST 30-06] HUNGARY – Dutch financials group Aegon has announced it will merge its Hungarian pension fund with the ‘Uniqa and Public Service’ pension fund, following its recent purchase of Uniqa Asset Management.
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UN PRI to expel fund managers over disclosure
[16:00 CEST 30-06] GLOBAL – Donald MacDonald, chairman of the United Nations’ Principles of Responsible Investments (PRI), has refuted claims suggesting the initiative is a talking shop without teeth by threatening non-compliant fund manager signatories with expulsion.
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ABP becomes Fortis’ second-largest shareholder
[15:15 CEST 30-06] NETHERLANDS – The €218bn giant Dutch pension fund ABP has confirmed it is now the largest shareholder of Fortis, after Chinese insurer Ping An.
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Bedfordshire to increase currency exposure
[16:15 CEST 27-06] UK – The £1.08bn (€1.36bn) pension fund of the UK local authority Bedfordshire county council has revealed it wants to increase its exposure to currency to 5% within the next few months.
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PGGM cuts alternative beta target
[14:00 CEST 27-06] NETHERLANDS – PGGM, the asset manager in charge of the €88bn assets of the Dutch health care pension fund PFZW, is likely to halve its 8% target allocation to alternative beta.
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RailPen 'unsure' it can meet PRI criteria
[14:30 CEST 26-06] UK – RailPen Investments, the investment management arm of the £20bn (€25bn) UK Railway pension fund, has yet to join the UN Principles of Responsible Investing (PRI) because of uncertainty about its ability to meet the standards.
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Illiquid assets are greatest risk – Mercer
[14:00 CEST 26-06] UK - Tim Gardener, the former global head of consultancy firm Mercer and now chief global investment strategist, warns illiquid assets are the greatest future risk for investors in an era of climate change.
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German investor mulls Asia pacific replacement
[13:00 CEST 26-06] GERMANY – A German corporate investor wants to launch a €100m Asia Pacific equity all/large mandate and is looking for managers, using IPE-Quest.
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Dutch funds see equities fall €32bn
[16:30 CEST 25-06] NETHERLANDS – Dutch pension funds saw the value of their equity portfolios drop by another 6% in the first quarter of 2008 because of continued unrest on the financial markets, the Dutch central bank DNB said today.
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PGGM: 'ETFs have serious drawbacks’
[16:00 CEST 25-06] NETHERLANDS – Rob Radecker, head of beta at PGGM, the asset manager of the €88bn Dutch health care fund, believes exchange-traded funds (ETFs) have “serious drawbacks” for large pension fund investors.
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'Disappointed' Fuhr goes it alone
[14:30 CEST 25-06] UK – Deborah Fuhr will now work independently, after the “disappointing” decision confirmed by Morgan Stanley last week to disband her renowned Exchange Traded Funds (ETFs) research, team in its drive to cut jobs.
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Wednesday people roundup
[13:00 CEST 25-06] GLOBAL – People roundup: Bank of England, Ermitage, State Street, CAAM, Watson Wyatt, Faculty of Actuaries, NorthernTrust, Schroders, Morley, Toscafund, Pyramis, GLG Partners, Mercer, Helix Financial, CB Richard Ellis
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Corporate fund taps into Asia
[17:00 CEST 24-06] EUROPE – A corporate continental European pension fund wants to invest in Asian large-cap emerging market equities via new managers, and is conducting a search using IPE-Quest.
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Basque Country looks at territorial schemes
[15:00 CEST 24-06] SPAIN – A delegation of Basque Country representatives is examining two models of territorial pension funds with the aim of creating a single scheme for all its governmental departments.
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Fund seeks market neutral strategy
[13:35 CEST 24-06] EUROPE – A continental European pension fund is looking for a discretionary fundamental equity market neutral strategy, using IPE-Quest.
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Pension funds devour alternatives despite fees
[16:55 CEST 23-06] GLOBAL – Alternative assets managed on behalf of pension funds by the 99 largest investment managers shot up 40% in 2007, but managers need to adjust their towering fees, warns investment consultant Watson Wyatt.