All articles by Carolyn Bandel – Page 33
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Asset managers "too comfortable with core" – Edhec
[16:30 CET 25-02] EUROPE – Investment professionals more often than not remain inside their comfort zone despite knowing about new techniques and research, French business school Edhec has suggested.
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German blue-chip invests in insurer’s cover fund
[15:15 CET 25-02] GERMANY – The Pensionsfonds of Europe’s third largest truck maker, Man AG will has invested €220m of its assets in German insurer Allianz Leben’s cover fund.
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Heijting defects to ING pension fund
[16:10 CET 22-02] NETHERLANDS – The €10bn pension fund of Dutch ING bank has named Daan Heijting, who until now was director of the PNO Media industry-wide fund, as its new director.
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NIBC reveals €3m loan to pension fund
[15:45 CEE 22-02] NETHERLANDS – Troubled Dutch investment bank NIBC today revealed it has advanced a subordinated loan of €3m to its €130m trustee-administered pension fund.
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BPF Bouw scheme returns 5.1% in 2007
[12:00 CET 22-02] NETHERLANDS – The €26bn scheme for the building industry BPF Bouw booked a total investment return of 5.1% last year.
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BNP Paribas sees assets drop €4.1bn in Q4
[16:30 CET 21-02] FRANCE – The asset management and services (AMS) division of French bank BNP Paribas saw its assets under management drop €4.1bn in the last quarter of 2007.
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TNO concedes to 'bad start' in 2008
[16:15 CET 21-02] NETHERLANDS – The €1.952bn TNO Pensioenfonds has admitted it has had a bad start to the year, following a total investment return of just under 2% in 2007.
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From Britney to Boyzone: ABP forays into music
[15:30 CET 21-02] NETHERLANDS – The €217bn Dutch pension fund ABP has bought €140m worth of European publishing rights from Universal Music Group containing 'evergreen' songs such as Lady in Red and I Believe I Can Fly.
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Dutch review full-time pension at 65
[16:20 CET 20-02] NETHERLANDS – The Dutch minister for social affairs, Piet Hein Donner, is drafting a white paper to promote a part-time pension for employees aged 65 and above.
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Allianz launches German 'fiduciary' service
[16:10 CET 20-02] GERMANY – Allianz Global Investors Deutschland and its life insurance cousin, Allianz Lebensversicherungs AG, have founded a joint subsidiary Allianz Treuhand, to serve its corporate pension clients as trustee.
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ING investment arm sees Q4 fall
[16:00 CET 20-02] NETHERLANDS – Dutch financial group ING today announced its investment management arm has posted a €3.6bn reduction in assets under management for the fourth quarter of 2007.
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Wednesday people roundup
[14:30 CET 20-02] GLOBAL – People roundup: LODH, VBL, SSGA, F&C, ABP, Scottish Pensions Trustees, P-Solve, Watson Wyatt, IPM.
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Unilever fund hits back in indexation dispute
[16:55 CET 19-02] NETHERLANDS – Progress, the €4bn Dutch pension fund of Unilever, has lashed back at allegations from members it is not making enough payments, saying its indexation policy has not changed.
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PNO Media ends year with negative return
[16:50 CET 19-02] NETHERLANDS – The €2.73bn industry-wide PNO media pension fund lost fifty basis points on its investments in the last quarter of 2007, pushing the cover ratio down to just over 123%.
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Ethos 'unsatisfied' with UBS' answers
[15:00 CET 19-02] SWITZERLAND – The Swiss pension fund-owned asset manager Ethos has said the answers UBS provided to its shareholders to explain its losses during the subprime crisis are unsatisfactory.
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AP4 seeks heads of equities and fixed income
[16:20 CET 18-02] SWEDEN – The SEK207.3bn (€22.3bn) AP4 buffer fund is looking for a new head of equities and a new head of fixed income and currency, following the departure of Anders Årjes and Leif Hässel.
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Germans depart from equities and bonds in 2007
[13:30 CET 18-02] GERMANY – The German association of investment and asset management said Germany’s investment management businesses grew by €60bn to €1.7trn in 2007, despite outflows from equity and bond funds.
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Institutions commit $10bn to climate change
GLOBAL – A coalition of over 40 European and US institutional investors, with combined assets under management of $1.75trn, have launched a climate change action plan, including a $10bn investment.
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PNO taps Hermes in restructured SRI
[15:00 CET 15-02] NETHERLANDS – The €2.8bn industry-wide PNO media pension fund has restructured its social responsible investment (SRI) policy, and tapped British Telecom’s Hermes Equity Ownership Services as external SRI advisor.
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East Flanders buys into solar power
[13:00 CET 15-02] BELGIUM – The pension fund of the Belgian East Flanders region will invest in a €117m renewable energy project via the Gent-based solar energy specialist Enfinity1.