Investor Strategy – Page 149
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News
Nestlé scheme mulls 'Wiki-style' risk budgeting
[11:00 CET 20-11] SWITZERLAND – Swiss risk and asset management Fundo is working together with Vevey-based food firm Nestlé on an “open source-minded” financial risk management system, IPE has learnt.
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News
SSgA wins Hillingdon's multi-asset mandate
[14:00 CET 19-11] UK – The London Borough of Hillingdon has appointed State Street Global Advisors (SSgA) to run a passive multi-asset portfolio for its £504.3m (€599m) pension fund.
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News
Scandinavian scheme to invest in small cap Japan
[12:00 CET 19-11] SCANDINAVIA – An industry-wide pension fund is looking for a manager for a $30m (€24m) Japanese small-cap equities mandate, using IPE Quest.
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News
USS to aim for 30% alternatives target
[16:00 CET 18-11] UK – Officials at the UK’s second-largest pension fund, the Universities Superannuation Scheme, are planning to alter the asset allocation to make alternatives worth up to 30% of the total portfolio.
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NewsBritish Coal scheme seeking investment head
[16:30 CET 12-11] UK - The £10.9bn (€13.2bn) British Coal Staff Superannuation Scheme is looking for a new chairman of its investment sub-committee to replace former Watson Wyatt partner Nick Watts, who has left “by mutual consent”.
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News
Julius Baer investment chief departs
[12:20 CET 11-11] SWITZERLAND - Beat Wittmann, chief executive of investment products at Swiss private banking group Bank Julius Baer & Co. Ltd., is to depart after less than a year in the job amid a major rethink of strategy.
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AnalysisNews analysis: Swiss schemes exposed to higher risks
SWITZERLAND - Concentration risk in Switzerland’s SPI index, the dominant domestic equity benchmark for Pensionskassen, has increased significantly over the last year as financial turmoil has wreaked havoc on two of the country’s largest listed companies.
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News
IMF warns of need for Finnish pension reforms
[17:15 CET 06-11] FINLAND – The International Monetary Fund (IMF) has warned Finland it needs to improve pension fund management if it is to cope with a rapidly ageing population.
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News
UK pension funds move from equity into alternatives
[17:00 CET 06-11] UK – Half of UK pension funds plan to decrease their allocation to equity in favour of increasing investments in alternative assets, though transparency remains a driver for allocating to the class, a new study has found.
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News
Avon targets full investment advice
[16:50 CET 03-11] UK – Bath and North East Somerset Council is seeking an investment consultant to provide services to the £2.14bn (€2.7bn) Avon pension fund.
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NewsShell refines UK pension terms
[17:25 CET 30-10] UK – The £12.1bn (€15bn) Shell Contributory Pension Fund is revising the terms of its defined benefit scheme from next year which requires new members to retire later and receive a lower aggregate of their salary.
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News
UK fiduciary growth to hit £300bn
[14:45 CET 29-10] UK – Asset managers are predicting the recent turbulence in the financial markets could spark a growth of fiduciary management worth £300bn in UK pension fund assets by 2012.
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News
Pension funds knock BGI off the top
[17:10 CET 28-10] NETHERLANDS – A study of Dutch pension funds has unsurprisingly revealed APG, PPGM and Mn Services have removed Barclays Global Investors as the largest asset manager to Dutch pension funds, but evidence suggests foreign players are increasing their presence in the fiduciary market.
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News
Turkish pensions to see first of three new entrants
[16:55 CET 27-10] TURKEY - Ray Sigorta, a pensions joint venture from Vienna Insurance Group and Dogan Holding in Turkey, is planning to enter the local private pension funds sector by June 2009, while two others firms are understood to looking at entering too.
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News
Pension schemes plea for global markets 'pause' (amended)
[16:45 CET 27-10] DENMARK - Danish insurance companies are now calling for a coordinated global stock market ‘pause’ from the continuous fall in equity markets as well as a rescue package to support pension schemes worldwide.
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NewsNorway to extend emerging markets benchmark
[16:50 CEST 24-10] NORWAY – The NOK1.99trn (€222bn) Norwegian Government Pension Fund – Global has confirmed it is considering further investments in India as part of its strategy to invest in emerging markets.
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News
Norfolk and Staffs start manager search
[16:30 CEST 24-10] UK – Staffordshire and Norfolk County Councils have initiated searches for equity and bond managers for their local government pension schemes (LGPS).
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NewsAPG pushes forward to meet infrastructure target
[14:00 CEST 22-10] NETHERLANDS – APG, the asset manager of the €193bn ABP pension fund, is pushing forward to meet its infrastructure target of €4.5bn for 2009, despite drying up opportunities in the asset class.
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News
€7.8bn doctors fund looks for opportunities
[16:50 CEST 20-10] GERMANY – Ärtzeversorgung Westfalen-Lippe (ÄVWL), a €7.8bn regional pension fund for doctors, has withdrawn approximately half of its Spezialfonds investments as it now wants to invest in 'opportunities'.
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News
LGPS investment regs need to be 'simplified'
[16:40 CEST 20-10] UK – The Chartered Institute of Public Finance and Accountancy (CIPFA) intends to recommend the government simplify and modernise the investment regulations for Local Government Pension Scheme (LGPS).
