Funding – Page 169
-
News
IBM members fear €7.2bn pension fund sell-off
UK – Fears have emerged that computer giant IBM may decide to sell its £4.9bn (€7.2bn) UK defined benefit pension plan now it has returned to being fully-funded.
-
News
Big Dutch funds increase equity trading – paper
NETHERLANDS - The largest Dutch pension funds are becoming more active as equity traders, keeping shares for increasingly shorter periods in their portfolios, a survey has shown.
-
News
Equity, real estate boost Dutch medics
NETHERLANDS – Equity and real estate were the main drivers behind above-benchmark returns at the €4.7bn scheme for Dutch medical consultants, Stichting Pensioenfonds Medisch Specialisten.
-
News
Equity and real estate drive Stork’s returns
NETHERLANDS - With returns of 29.3% and 29.1% respectively, equity and real estate were the main drivers behind a 14.7% annual return last year at the €2.9bn pension fund of industrial group Stork.
-
News
€4.7bn MNOPF gradually migrating to bonds
UK – The £3.2bn (€4.7bn) industry-wide Merchant Navy Officers Pension Fund, which is currently in the middle of its triennial valuation, is looking to gradually shift from equities to bonds.
-
News
Dutch funds return 14.8% - WM
NETHERLANDS – Dutch pension funds returned 14.8% in 2005, according to results from WM Performance Services’ Universe of Dutch Pension Funds.
-
News
ABP explains global real estate strategy
REAL ESTATE – Stichting Pensioenfonds ABP, the €200bn Dutch civil Service scheme, has decided not to invest in Russian real estate but is currently enacting deals in Mexico and Brazil (This story first appeared on www.iperealestate.com.)
-
News
Aargauische Pensionskasse returns 13%
SWITZERLAND – Aargauische Pensionskasse (APK), a €3.2bn pension fund for Swiss civil servants, says a strong performance by its equity and commodities investments helped it achieve a 13% return on assets in 2005 – its best ever.
-
News
ABP grows by €8.6bn to €186.9bn
NETHERLANDS – Stichting Pensioenfonds ABP, Europe’s largest pension fund, got even bigger in the third quarter – growing by €8.6bn to €186.9bn with a 4.6% investment return.
-
News
ABP hit by low interest rates
NETHERLANDS - Stichting Pensioenfonds ABP, Europe's largest pension fund, says its financial position "deteriorated" in the second quarter due to low interest rates.
-
News
ABP rejigs investment process in drive for alpha
NETHERLANDS - Europe’s largest pension fund ABP has restructured completely how it goes about managing its assets. The E170bn fund has switched to being predominately in-house managed and is 100% on an active basis dedicated to producing alpha.
-
News
ABP to formulate FTK transition policy
NETHERLANDS - Stichting Pensioenfonds ABP, the €168bn scheme for Dutch civil servants, is to formulate a “transitional policy” to deal with the new FTK rules.
-
News
€20bn scheme ‘eyes Irish pension pooling’
IRELAND – State Street says it has received enquiries from multinational corporations, some with pension assets of up to €20bn, about setting up a pension pooling deal in Ireland.
-
News
ABP sees 4-5% return in 2005 amid bond shakeout
NETHERLANDS – Stichting Pensioenfonds ABP, Europe’s biggest pension fund, expects the return on its 160 billion-euro portfolio over 2005 to come in at between four and five percent.
-
News
ABP and PME report third-quarter returns
NETHERLANDS – Some of the largest pension funds in the Netherlands have reported third-quarter investment returns.
-
News
Luxembourg may face “vicious circle” on pensions
LUXEMBOURG – Luxembourg’s pension system, although well developed, is vulnerable and may be facing a “vicious circle”, a new report says.
-
News
ABP and PGGM upbeat but Staatsen looms
NETHERLANDS – ABP and PGGM, the two largest Dutch pension funds, have posted positive returns – though the potential costs of the Staatsen review could run into billions of euros.
-
News
ABP boosts State Street alliance with E79m
NETHERLANDS – The Dutch civil service pension fund ABP has given a boost to its tie with State Street with the award of 100 million dollars (79.5 million euros) to State Street Global Alliance member Advanced Investment Partners.
-
News
20% of Swiss schemes underfunded
One in five pension funds in the Swiss second pillar were underfunded in 2002, according to figures from the Swiss government.
-
News
ABP returns 1.8%, coverage ratio static at 104%
NETHERLANDS – Stichting Pensioenfonds ABP, the Dutch civil service pension fund, has announced a 1.8% return in the third quarter, and says it is pursuing “a cautious path to recovery”.
