Investor Strategy – Page 146
-
News
Dorset adds £30m to internal UK equity manager
[16:20 CET 26-01] UK – Dorset County Council Pension Fund has been advised to increase the assets run by its internal UK equity manager by £30m (€32m), to pull its overall UK equities portfolio back towards the strategic target allocation.
-
News
2008 volatility hits more Finnish funds
[16:20 CET 23-01] FINLAND – Etera Mutual Pension Insurance Company has reported a €1.2bn fall in the value of its assets in 2008, according to preliminary figures while Eläke-Fennia saw a negative return of 12% and VER suffered further to lose 15% last year.
-
News
1,000 open DB plans could switch to DC [updated]
[15:00 CET 23-01] UK – More than 50% of open defined benefit (DB) pension schemes could close to new members as a result of the economic crisis, claims new research by the National Association of Pension Funds (NAPF).
-
News
Pensions funds opt to raise TRS collateral
[12:00 CET 22-01] EUROPE – Pensions funds are likely to be paying slightly higher for passive investments since the collapse of Lehman Brothers if using synthethic replication, but are choosing to do by over-collateralising their total return swaps, according to officials at Morgan Stanley Investment Management.
-
News
AP7 mulls more alpha centres
[15:45 CET 21-01] SWEDEN – The SEK74bn (€6.9bn) Swedish pension fund Sjunde AP-Fonden (AP7) is planning to review its pure alpha investments to see if it can add more of its ‘alpha centres’.
-
News
PPM scheme mulls swaps and eurobonds (amended)
[15:00 CET 20-01] SWEDEN – The Swedish Premium Pension Authority (PPM) is looking at investing in swaps and eurobonds to restock its buffers, according to its head of financial analyses, Sara Bergström.
-
News
Merseyside awards equity roles and moves fixed income
[16:55 CET 19-01] UK – Merseyside Pension Fund has appointed four new investment managers to run a third of the £3.7bn (€4.1bn) scheme's allocation to UK equities, ahead of plans to start a new search for active fixed income managers.
-
News
IBEC criticised over pension reform plans
[15:00 CET 16-01] IRELAND – The Irish Business and Employers Confederation (IBEC) has been criticised for recommending new public sector workers should be offered entrance to a defined contribution (DC) scheme with a state guarantee of certain minimum investment returns instead of the existing define benefit (DB) schemes.
-
News
Merseyside invests in fundamental index fund
[15:00 CET 15-01] UK – The £4.26bn (€4.8bn) Merseyside local authority pension fund is provided half of the funding for a new enhanced indexation-type fund launched by Nomura Asset Management.
-
News
PensCorp to deliver Leyland DAF buyout
[16:30 CET 13-01] UK – The £230m (€253m) pension fund of the former UK commercial vehicle manufacturer Leyland DAF has tapped Pension Insurance Corporation (PIC) to buyout its pension liabilities.
-
NewsMore equity volatility predicted
[14:00 CET 12-01] GLOBAL – Equity volatility remains high in 2009, while real yields on government securities are likely to remain low, according to a global fund manager survey by consultancy firm Watson Wyatt.
-
NewsNBIM picks London as real estate base
[16:20 CET 09-01] NORWAY/UK – Norges Bank Investment Management (NBIM) has increased the office space of its London branch to cope with an increase in new employees and to act as a base for the organisation's real estate investment team.
-
NewsInstitutions to exit bonds for stocks - BlackRock CEO
[15:00 CET 09-01] GLOBAL - Institutional investors are set to exit fixed income and move into equities, reckons BlackRock chief executive Larry Fink.
-
NewsBT fund 'retains stock lending ban'
[16:30 CET 08-01] UK - The £39.7bn (€44bn) BT Pension Scheme plans to keep in place a ban on stock lending - despite the lifting of an official ban on the practice, according to reports.
-
NewsBrent to up infrastructure assets by 5%
[16:40 CET 08-01] UK – The London Borough of Brent is looking to increase its exposure to infrastructure in its £400m (€436m) local government pension scheme (LGPS).
-
News
UN fund eyes hedge funds, private equity
[10:15 CET 08-01] GLOBAL – The $30bn (€22.1bn) United Nations Joint Staff Pension Fund (UNJSPF) says it has approval to incorporate hedge fund of funds and private equity into its portfolio.
-
NewsNorway reviews Israel holdings over Gaza
[16:00 CET 07-01] NORWAY – Norway is reviewing whether the current Gaza conflict means its state pension fund is breaching ethical guidelines.
-
News
Norwegian municipalities award pension mandates
NORWAY – Three Norwegian municipalities have appointed providers for their state occupational pension schemes following re-tendering exercises.
-
FeaturesInnovation: Used, misused and abused
In the third in a series of articles on a new report, Amin Rajan laments that alpha has been everywhere except in performance numbers
-
News
9% of DB schemes avoided risk levy
[16:00 CET 23-12] UK – One in 11 of the schemes eligible for entry into the Pension Protection Fund (PPF) paid no risk-based levy in the 2007/08 year, according to figures from the third version of the Pensions Universe Risk Profile (PURPLE) Book.
