All articles by Carolyn Bandel – Page 28
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Ilmarinen finds new investment chief
[12:00 CEST 22-04] FINLAND – Timo Ritakallio has been named deputy chief executive officer in charge of investments at the €21.6bn Finnish multi-employer fund Ilmarinen from August 1 this year.
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French FRR to renew European equities mandates
[15:55 CEST 21-04] FRANCE – The €34.5bn French national pension reserve fund FRR says it has launched a request for proposals to renew a portion of its mandates invested in European equities.
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Pension strike threatens UK fuel supply
[15:55 CEST 21-04] UK – Scotland’s only crude oil refinery will today continue shutting down operations in anticipation of a strike over pensions, set to threaten fuel supplied to Scotland and northern England as soon as Friday.
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PKA eyes more private equity after 3.1% return
[15:55 CEST 21-04] DENMARK – Pensionskassernes Administration (PKA), Denmark’s largest occupational pension fund administrator, said its eight funds grew by DKK3.2bn (€429m) in 2007.
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Pension experts say 'no' to Dutch life cycling
[15:55 CEST 21-04] NETHERLANDS – Pension funds should stay away from so-called life cycle investments and instead honour intergenerational solidarity, a panel discussion on the products has warned at the PensionSummit 2008.
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Negative start for PME hits cover ratio
[14:05 CEST 18-04] NETHERLANDS – PME, the industry wide pension fund for the mechanical and electrical engineering industries, said it saw its assets drop by 4.3% in the first quarter of the year.
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Sweden to relax alternatives regulation
[16:40 CEST 17-04] SWEDEN - The SEK225bn (€24bn) AP3 fund, one of the Swedish buffer funds, is in talks with the Swedish government about the relaxation of alternatives investment rules.
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Change in benchmark can improve schemes’ performance
[16:45 CEST 16-04] NETHERLANDS – The organisational structure of pension funds and banks can have a negative influence on investment returns, according to Ralph Koijen, who today will defend this thesis at the University of Tilburg.
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Wednesday people roundup
[16:40 CEST 16-04] GLOBAL – Wednesday People roundup: Nordea, Close Brothers, Threadneedle, Aegon, AIG, Northern Trust, NAPF, Erste-Sparinvest, BNY Mellon Asset Management, Henderson Global Investors, Watson Wyatt, TIAA-CREF, SWX Europe.
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French FRR adopts new SRI strategy
[16:20 CEST 16-04] FRANCE – The €34.5bn French national pension reserve fund FRR says it wants to extend its responsible investment strategy to all of its investment portfolios, following a review of its asset classes.
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European investors "too relaxed" about inflation
[15:30 CEST 16-04] GLOBAL – European investors appear to have become oblivious to the risk of inflation and instead remaining highly consumed by the outlook for growth, according to a survey by Merrill Lynch.
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'Too early' for FTK evaluation, says DNB
[16:00 CEST 14-04] NETHERLANDS – Joanne Kellerman, the new director at the Dutch central bank (DNB), has today argued it is too early to evaluate the FTK assessment framework.
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Shoe and leather fund goes fiduciary
[16:30 CEST 11-04] NETHERLANDS – The €250m Dutch industry wide pension fund for the shoe and leather industry, Bpf PSL, has appointed Blue Sky Group as its fiduciary manager.
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IPE-QUEST: High yield debt
[15:45 CEST 11-04] GLOBAL – A continental European pension fund has said it is looking for managers for a $80m (€50.5m) global developed markets high yield debt mandate, using IPE Quest.
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APG buys music catalogue for a song
[15:30 CEST 11-04] NETHERLANDS – APG, the recently-launched manager of the €217bn ABP Dutch pension fund, has made an additional investment of £126m (€157.2m) into music rights.
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Private equity 'disaster in the making'
[15:00 CEST 11-04] GLOBAL – Baring Asset Management, has warned the private equity and leveraged buyout (LBO) market will collapse in the next 12 to 18 months.
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'No brainer' API still some time away
[16:40 CEST 10-04] NETHERLANDS – The planned new Dutch pensions vehicle, known as an API, will be introduced but the legislative process may take another year still, suggests independent pension consultant Joop Rietmulder.
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OECD warns on budget as Merkel pushes pension rise
[16:15 CEST 09-04] GERMANY – The Organisation of Economic Co-operation and Development (OECD) foresees further budget consolidation may be necessary in Germany, despite major pension reforms.
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'Cost of fiduciary must yield outperformance' – Bureau Bosch
[15:00 CEST 09-04] NETHERLANDS – The fiduciary management of pension assets costs up to 23 basis points more than other forms of asset management, according to a survey by Dutch pension consultant Bureau Bosch.
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Wednesday people roundup
[14:00 CEST 09-04] GLOBAL – Wednesday people roundup: CSAM, Sate Street, NTGI, Fidelity, SGAM, Citigroup, Rodamco, Aon, BNY Mellon, Pictet Funds, TPR, Allen & Overy.