Investor Strategy – Page 129

  • News

    Lewisham targets commodities in revised strategy

    2009-10-21T14:45:00Z

    [15:45 CEST 21-10] UK – The London Borough of Lewisham is seeking a commodities manager as part of the implementation of its revised asset allocation of the £642.2bn (€712.5bn) pension fund.

  • News

    UNJSPF grows by €2.7bn in Q3

    2009-10-20T15:30:00Z

    [16:30 CEST 20-10] GLOBAL – The United Nations Joint Staff Pension Fund (UNJSPF) has reported further growth in the third quarter of 2009 as invesments delivered a return of 12.3%.

  • News

    Pension experts tout need for longer-term benchmarks

    2009-10-19T16:00:00Z

    [17:00 CEST 19-10] GLOBAL – A joint meeting of the OECD and IOPS Global Forum on Private Pensions has been warned a “meaningful” long-term performance measure for pension funds must be found which assess pension funds’ ability to meet income replacement.

  • News

    Q4 predicted to be busy for buyouts

    2009-10-19T15:00:00Z

    [16:00 CEST 19-10] UK - The final three months of 2009 are expected to be the busiest in over a year for pension insurance buy-ins and buy-outs, according to risk management provider Pension Corporation.

  • News

    USS attacks PPF levy focus on investment strategy

    2009-10-19T13:30:00Z

    [14:30 CEST 19-10] UK – The chief executive of the Universities Superannuation Scheme (USS) has labelled the Pension Protection Fund’s (PPF) proposal to consider the investment strategy of schemes when calculating the levy as “inappropriate”.

  • News

    Babcock eyes interest rate hedge after governance work

    2009-10-19T13:00:00Z

    [14:00 CEST 19-10] UK - Babcock international is thinking of hedging interest rates as part of the investment strategy for its five UK pension schemes, following the establishment of a cross-party trustee committee.

  • News

    Pension groups dread pan-European fund

    2009-10-16T16:20:00Z

    [17:20 CEST 16-10] EUROPE – Creating a pan-European pension fund for mobile researchers would not be in the interest of the members of such a scheme, according to representatives at the conference of the European Association of Public Sector Pension Institutions (EAPSPI) in Berlin.

  • News

    BT to focus on DC education of members

    2009-10-16T16:15:00Z

    [16:20 CEST 16-10] UK - Providing individual employees with the right tools, information and opportunities to take personal responsibility for their retirement savings can be considered a paternalistic approach , according to BT.

  • News

    Fiduciary management 'causes blurring' between advice and delegation

    2009-10-16T16:05:00Z

    [17:05 CEST 16-10] UK – The increasing number of players in the fiduciary management market, particularly from within the consultancy space, is blurring the lines between delegation and advisory services, according to Andrew Waring, chief executive of the Merchant Navy Officers Pension Fund (MNOPF).

  • News

    AP2 calculates carbon footprint of portfolio firms

    2009-10-15T12:00:00Z

    [13:00 CEST 15-10] SWEDEN – Andra AP-fonden (AP2), the Second Swedish National Pension Fund, is in the process of calculating the "carbon footprint" of its holdings in around 2,700 companies, in an attempt to better understand the impact if companies are forced to pay for carbon emissions.

  • News

    UK mandate roundup: Bucks appoints global eq managers

    2009-10-14T15:30:00Z

    [16:30 CEST 14-10] UK – Buckinghamshire County Council has appointed three new global equity managers for its £1.07bn (€1.14bn) pension fund, completing the search for investment managers announced in July 2008.

  • News

    Shell's UK pension to expand alternatives

    2009-10-12T15:00:00Z

    [16:00 CEST 12-10] UK – The £10.5bn Shell UK pension fund has completed a strategic review of its investment strategy which is likely to see the fund invest another 5% of its assets in alternatives.

  • News

    SFE tenders for pension provider but mulls own fund

    2009-10-09T16:00:00Z

    [17:00 CEST 09-10] NORWAY – Sogn og Fjordane Energi AS (SFE), the Norwegian energy company, is re-tendering for a pension provider for its defined benefit (DB) occupational scheme, but is considering the possibility of joining with other energy companies to establish their own pension investment fund.

  • News

    West Midlands finds route into hedge funds after all

    2009-10-09T15:45:00Z

    [16L45 CEST 09-10] UK – The West Midlands local authority pension fund has extended its alternatives and equities investment strategy and allocated £40m (€44) to a fund of hedge funds.

  • News

    Discount rates needs to be realistic - ERAFP

    2009-10-09T15:30:00Z

    [16:30 CEST 09-10] FRANCE – Officials at the ERAFP pension scheme have raised concerns that pension funds may be pricing their schemes’ asset allocation strategy at too high a discount rate to be achievable and argue this may have contributed to the recent market crisis because the high returns needed ...

  • UK 2012 regulations may restrict employer innovation
    News

    UK 2012 regulations may restrict employer innovation

    2009-10-07T16:15:00Z

    [17:15 CEST 07-10] UK – Employers want a wider range of pension and savings products that meet the changing priorities and immediate needs of their employees, but the upcoming 2012 regulations may be restricting innovation, according to research from BlackRock.

  • Finland's Keva appoints Swiss Altis for manager analysis and monitoring
    News

    Finland's Keva appoints Swiss Altis for manager analysis and monitoring

    2009-10-07T14:26:00Z

    [15:26 CEST 07-10] FINLAND - Keva, the €22bn local government pension institution in Finland, has appointed Altis Investment Management to assist with external asset manager analysis and monitoring.

  • News

    LAs leave 25% of class action settlements unclaimed

    2009-10-05T16:05:00Z

    [17:05 CEST 05-10] UK – Local authority pension schemes could be losing up to £125m (€136m) by not participating in class actions, a report from the Goal Group has claimed.

  • FRR report mulls environment in investment policy
    News

    FRR report mulls environment in investment policy

    2009-10-02T15:20:00Z

    [16:20 CEST 02-10] FRANCE – Fonds de Reserve pour les Retraites, the €27bn French national pension fund, has published a working document on investment policy which reveals just how complex it is for pension funds to consider whether environmental issues should be factored into investments.

  • News

    LPFA considers 'unitised' local government pensions

    2009-10-02T11:45:00Z

    [12:45 CEST 02-10] UK – The London Pension Fund Authority, which manages €3bn in assets for local authority pension plans, is investigating the possibility of creating ‘unitised’ pension plans for local government schemes which essentially ringfence an employer’s asset allocation strategy but create economies of scale in the asset management.