All articles by Daniel Brooksbank – Page 27
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News
Man Group limits hedge funds in own scheme
UK – Man Group, the world’s largest listed hedge fund group, is limiting the hedge fund allocation in its own pension fund on the advice of Watson Wyatt, says chief executive Stanley Fink.
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European asset managers now run €30trn
EUROPE - Asset managers in the European market saw the assets they manage surge last year to more than €30trn, according to IPE’s calculations, up from last year’s estimate of €26trn when the increase on the year was only €2trn.
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Swiss pensions could learn from Dutch, UK – IMF
SWITZERLAND - The Dutch and UK approaches to occupational pensions offer some “best practices” that could be applied to the Swiss situation, says the International Monetary Fund.
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Bank of New York drawn into US probe
US – A mutually beneficial arrangement between the Bank of New York and consulting firm Wilshire Associates has emerged following questions from two US congressmen.
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New editor named at IPE Real Estate
GLOBAL – Martin Hurst, features writer at IPE Magazine, is to take over as editor at sister publication IPE Real Estate.
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Lancashire tenders €146m in hedge funds
UK - The £3.47bn Lancashire County pension fund has tendered around £100m (€146m) in fund of hedge funds.
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Italian journalists’ scheme taps BNP Paribas
ITALY – The national pension fund for Italian journalists, the Istituto Nazionale di Previdenza dei Giornalisti Italiani, has awarded a €600m depositary bank brief to BNP Paribas Securities Services.
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FRR explains reasoning for avoiding hedge funds
FRANCE - The FRR, the €27.7bn Fonds de Réserve pour les Retraites or French Pensions Reserve Fund, has explained why it will not be investing in hedge funds as part of its new strategic asset allocation which features a shift towards 'alternative' assets.
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GSAM gets €11.9bn net inflows
GLOBAL – Goldman Sachs Asset Management gained $15bn (€11.9bn) of net inflows in the second quarter.
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Schofield to head Janus’ INTECH internationally
GLOBAL – Janus Capital has appointed its European institutional chief David Schofield as president of the new international division of its mathematical subsidiary INTECH.
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Mercer in risk software link with Dutch consultant
NETHERLANDS – Dutch consulting outfit van Stuijvenberg Financial Services says it has signed a long-term cooperation contract with Mercer Investment Consulting.
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FIFA sets up €8m executive pension fund
GLOBAL – World football governing body FIFA has introduced a retirement plan for its executive committee members at a cost of CHF12.5m (€8m).
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Bulgarian schemes ‘to grow as rules loosen’
BULGARIA – Bulgarian pension funds’ asset growth to €564m is set to continue as investment regulations become less restrictive, says ING.
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New entrant to UK DB buyout market - report
UK – Another new company has been launched aiming to buy out final salary pension funds, according to a news report.
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IBM UK pension fund returns 19%
UK – Computer giant IBM made a 19% return on its UK pension assets last year, according to a pensioner website.
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European Court makes Danish pensions judgment
DENMARK – The European Court of Justice has made an initial judgement in a case brought by the European Commission’s against Denmark on pensions tax.
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FRR allocates 10% to alternative assets
FRANCE - The FRR, the €27.7bn Fonds de Réserve pour les Retraites or French Pensions Reserve Fund, is to put up to 10% of its assets into alternatives as part of a new strategic asset allocation.
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Royal Mail consolidates €3.2bn with JP Morgan
UK – JP Morgan Worldwide Securities Services says it has been handed an extra £2.2bn (€3.19bn) in assets by the Royal Mail Pension Plan.
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Norwegian government fund excludes Wal-Mart
NORWAY – US retailer Wal-Mart is being excluded from the Norwegian Government Pension Fund – Global’s investment universe because of alleged serious and systemic human rights violations.
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Ageing could hit France, Spain ratings - S&P
EUROPE – Standard & Poor’s has warned that spending related to population ageing could undermine the sovereign ratings of France and Spain.
