Investor Strategy – Page 121
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News
UK pensions allocate $300m to Bermudan catastrophe risk hedge fund
UK - Eleven UK pension funds allocated a total of $340m (€373m) to a $2.6bn catastrophe reinsurance strategy run by Bermuda-based Nephila Capital in the second half of 2009.
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PPF to diversify investment strategy from equities to alternatives
UK – The Pension Protection Fund (PPF) is diversifying its investment strategy by halving its equity allocation in favour of a 20% strategic allocation to alternatives, such as private equity and infrastructure.
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Longevity market needs to show depth and maturity, say pension execs
UK – Pensions executives have raised concerns about the growth of the longevity hedging market, as some individuals are concerned about whether there is enough capacity and transparency in the market to assist the majority of pension plans.
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IAS19 could force sponsors to push for lower risk strategies
GLOBAL – Changes to international accounting rule IAS19 pension rules could force many sponsors and corporates to encourage lower risk pension strategies, as reforms could mean they are no longer rewarded for taking risks under the 'expected return on assets' portion of their profit and loss accounts.
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AllianceBernstein considers target date income drawdown
UK – Alliance Bernstein is investigating the development of income drawdown in retirement, which might follow a target date investment approach so investors continue to make gains on their holdings.
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Pension fund considers inflation-linked bonds and absolute returns
IPE-QUEST – A pension fund based in Europe is conducting a search for asset managers to look after euro-denominated inflation-linked debt and absolute return mandates, using IPE-Quest.
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Franklin Templeton to manage listed Romanian compensation fund
ROMANIA - Franklin Templeton has been appointed as the investment manager for a €2.4bn property compensation fund, set up by the Romanian government, to compensate people who lost their homes during former Communist rule.
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Pension fund trust in external management 'has returned'
AUSTRIA/GERMANY – Asset managers saw major outflows from institutional investors in 2008, but some pension funds are now expected to increase the share of externally-managed assets in their portfolios.
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Dutch pension talks sought in the wake of cabinet collapse
NETHERLANDS - Social partners see new possibilities for an agreement on pensions, in the wake of the collapsed Dutch coalition government.
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ASIP hopes for mood change on Swiss referendum
SWITZERLAND – The Swiss pension fund association ASIP is "hoping for a mood swing" in public opinion, just days before the Swiss referendum on the pension conversion rate, its president Christoph Ryter has told IPE.
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PNO Media to launch its own provider
NETHERLANDS - The €2.9bn pension fund PNO Media is planning to spin off its services into a separate pension provider, so it can offer its members more than pension products.
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Shell UK pension limits active equities in passive shift
[16:35 CET 01-03] UK – The £10.5bn (€11.65bn) Shell UK Contributory Pension Fund (SCPF) is moving more towards passive management and has placed a cap on active equities, following the completion of an asset liability review.
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ÖPAG rebrands as Valida Pension
[15:45 CET 01-03] AUSTRIA – Valida is the new name for the retirement holding and its subsidiaries like ÖPAG, officials announced today.
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Norway-Global given top-line real estate guidelines
[15:40 CET 01-03] NORWAY - The Norwegian Ministry of Finance has today revealed the Government Pension Fund-Global will in future be invested in real estate as planned, albeit investments will be made over a long period of time, in a bid to reduce risk.
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NewsMn Services implements client improvement plan
[15:30 CET 01-03] NETHERLANDS - Mn Services, the €56bn fiduciary manager owned by the PME and PMT pension funds in the Netherlands, is finalising a strategy to improve its overall service to clients and will introduce a dynamic asset allocation model.
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Eircom DB changes will eliminate deficit
[16:45 CET 26-02] IRELAND – Eircom, Ireland’s largest telecoms operator, has agreed a deal with its trade unions that it claims will clear the pension deficit of €407m.
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Share of long-only investments will reduce – APK
[16:00 CET 26-02] AUSTRIA – Officials at the Austrian multi-employer pension fund APK say the crisis has led them to move its assets further away from long-only benchmark investment, although the old investment categories will still continue to exist.
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Swiss AHV seeks consultant ahead of asset search
[16:55 CET 25-02] SWITZERLAND – The Swiss first pillar buffer fund AHV is looking for an investment consultant to take over a wide range of services including looking at “new asset classes” and providing “forecast analysis”.
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Pension funds to raise equity exposure in 2010
EUROPE - Investors are regaining their trust in equities and many pension funds plan to increase their holding in listed stocks over the course of the year, a study supported by IPE has revealed.
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KPN Pensioen alters its lifecycle product
[13:00 CET 24-02] NETHERLANDS – The hybrid pension scheme of Dutch telecoms provider KPN is altering the asset allocation strategy of its lifecycle fund from April, in a bid to improve the risk control of members’ assets as they head towards retirement.
