Investor Strategy – Page 151
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News
Kellermann hits back on fair value claim
[17:05 CEST 22-09] NETHERLANDS – Joanne Kellermann, executive director at the Dutch central bank DNB, has brushed off criticism of the fair value accounting of pension liabilities, at the same time as the regulator becomes the latest to ban naked short-selling.
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West Midlands allocates 25% to alternatives
[17:00 CEST 22-09] UK – The £8bn (€10bn) West Midlands Pension Fund has confirmed it is investing appxoximately a quarter of its portfolio in alternative assets.
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Lehman's UK pension seeks PPF rescue
[16:00 CEST 22-09] UK – Trustees of the Lehman Brothers Pension Scheme have taken the first steps to find out whether the UK defined benefit pension fund should fall under the management of the UK’s pensions lifeboat fund.
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Dutch funds' stances differ on stock lending
[14:00 CEST 19-09] NETHERLANDS – Dutch pension funds today showed mixed views on the practice of lending securities of European and US banks.
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Increase emphasis on manager skill – Hewitt
[17:10 CEST 18-09] EUROPE – In current market conditions, pension funds would be better off placing emphasis on strategies that are more dependent on manager skill rather than the direction of the markets, argues Peter Hill, a hedge fund specialist at Hewitt Associates.
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Swedish buffer funds exclude cluster bomb investment
[16:15 CEST 15-09] SWEDEN – Four AP-funds have agreed to divest from companies involved in the manufacture and sale of cluster munitions following a recommendation by the Ethical Council of the Swedish National Pension Funds.
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Charity Pensions Trust goes down buyout route
[15:45 CEST 15-09] UK – The £3.9bn (€4.9bn) Pensions Trust has tapped UK buyout company Paternoster to secure £225m worth of pension assets of its occupational Growth Plan pension scheme.
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IASB proposals could force status change for BASF pensions
[14:45 CEST 15-09] GERMANY - German multinational BASF AG has revealed around 95% of its active-member pension obligation will shift to the IASB's proposed fair value pension measure, if the standard-setter's recently-published proposals to reform pension accounting become GAAP.
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NewsBonus focuses on SRI in 'dark times'
[14:00 CEST 11-09] AUSTRIA – The smallest of the Austrian multi-employer pension funds is upping its sustainability investments in a year which the new chairman at Bonus Pensionskasse, Peter Deutsch, describes as 'rather dark'.
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News€9.8bn PGB extends SRI portfolio
[14:15 CEST 10-09] NETHERLANDS – The €9.8bn pension fund for the printing and publishing industry Pensioenfonds Grafische Bedrijven (PGB) has awarded a €60m social responsible investment (SRI) mandate to asset manager Threadneedle.
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News
Irish Bill to stop pensions investment in cluster bombs
[13:00 CEST 09-09] IRELAND – The Irish government has drafted a new Bill on investment in munitions such as cluster bombs that will specifically change the investment policy of the National Pension Reserve Fund (NPRF).
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News€2.8bn media fund fancies alternatives
[16:10 CEST 05-09] NETHERLANDS – Officials at the Dutch pension fund PNO Media say they see fresh opportunities in investing in alternatives so plan to allocate another 5% of assets to this investment asset class this year.
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NewsSiemens to create single manager selection platform
[15:45 CEST 05-09] GLOBAL – The German electronics giant Siemens is working towards organising a single platform from its base in Munich for the asset manager selection of its various pension funds globally.
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News
Reforms to close two-thirds of small firm pensions
[15:15 CEST 05-09] UK – Over 60% of small employers believe the introduction of personal accounts and auto-enrolment will lead to an increase in the closure of existing schemes, according to the Association of Consulting Actuaries (ACA).
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News
Bavarian cooperative fund spreads its wings
[16:30 CEST 03-09] GERMANY – The €270m pension fund of the Bavarian cooperative Pensionskasse der Genossenschaftsorganisation VVaG has said it will expand beyond its Bavarian borders to target companies across the whole of Germany.
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News
Dutch encouraged to postpone state pension with higher payout
[15:45 CEST 01-09] NETHERLANDS - Dutch citizens are being offered the opportunity to postpone their state pension AOW by a maximum of five years in return for a higher benefit payout.
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News
Aegon taps new Spanish wealth
[16:45 CEST 29-08] SPAIN – Aegon, the Netherlands-headquartered insurer and asset manager, has taken a 50% stake in the life and pensions arm of north-eastern Spanish savings bank Caixa Terrassa for €190m, in a bid to expand the take-up of its life and pensions offering.
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News
'Sophisticated' Dutch funds lead LDI pack
[17:00 CEST 28-08] NETHERLANDS – Dutch pension fund strategies have been described as being the most advanced among their developed country peers, as a study of executives suggests the majority have adopted liability-driven investment (LDI) strategies alongside the broadest range of products.
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News
ABP extends microfinance commitments
[16:00 CEST 28-08] NETHERLANDS – ABP, Europe’s second-largest pension fund by value, has stepped up its position in microfinance investing, and asked Swiss asset manager BlueOrchard to manage a further €50m.
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News
Norfolk awards active currency mandates
[16:45 CEST 26-08] UK – Norfolk County Council has awarded active currency mandates to Goldman Sachs Asset Management and Auriel Capital Management.
