Investor Strategy – Page 156
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News
Greek occupational fund selects manager
[17:00 CEST 03-06] GREECE – Alpha Trust Mutual Funds Company has been appointed by the Economic Chamber of Greece pension fund, one of Greece’s four occupational pension funds, to look after a balanced managed mandate of behalf of its members.
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New LDI tools evoke 'false sense of security'
[16:15 CEST 03-06] UK – Pension fund trustees have been warned to heed thinking too short-term and seeking refuge in new risk management tools and investment strategies, as a new study claims they give a false sense of security.
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Norway’s oil fund stockpiles European equity
[16:40 CEST 02-06] NORWAY – The NOK1.947trn (€245bn) Norwegian Government Pension Fund – Global has confirmed it is close to owning more than 1% of the entire European stock market.
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Allianz swallows drinks maker's pension reserves
[16:30 CEST 02-06] GERMANY – The pension reserves for 600 retired workers at Germany's Eckes AG have been transferred into a fund to be managed by Allianz Life Insurance.
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NIB to launch hybrid pension scheme
[13:30 CEST 30-05] IRELAND – The National Irish Bank (NIB) has announced it will introduce a hybrid pension scheme for new workers on August 1.
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New flower and plant scheme goes fiduciary
[16:35 CEST 28-05] NETHERLANDS – The new Dutch industry-wide defined contribution (DC) pension funds for the wholesale flower and plant sector has appointed pensions provider Cordares as its fiduciary manager.
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News
ERAFP shifts away from bonds
[14:30 CEST 28-05] FRANCE – The €4.8bn French civil service supplementary pension scheme ERAFP is looking for asset managers to take on €1.2bn in international equities and euro-denominated fixed income mandates.
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BT injects £350m into commodities
[16:55 CEST 22-05] UK - The BT Pension Scheme has shifted £250m (€315m) of commodities investment into a new index fund which targets extra returns by managing futures rolling and cash collateral differently.
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News
Good quality property strategy will 'shield' FSP
[14:00 CEST 22-05] DENMARK - Danish pension fund FSP is expecting to avoid the worst of the market rout by investing in good quality property and avoiding the most volatile market segments.
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Insurance buyout market to abate
[13:30 CEST 22-05] UK – The insurance buyout market has reached its peak in terms of competitiveness and the number of players it can sustain, suggests Paul Jayson, partner and actuary at consultants Barnett Waddingham.
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LGPI allocates $75m to Asian property
[16:50 CEST 21-05] FINLAND – The Finnish Local Government Pensions Institution (LGPI) has invested $75m (€48m) into an Asian real estate fund of funds managed by Aberdeen Property Investors (API).
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News
Sponsors to push for increased VaR focus
[17:00 CEST 20-05] UK/EUROPE – Scheme sponsors are likely to begin pushing for increased focus on pensions risk management, according to consultancy firm Redington Partners, in the wake of increasing regulatory focus on asset risk factors such as ‘value-at-risk’ (VAR).
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8 out of 10 managers fail to add value
[15:00 CEST 20-05] NORDIC/EUROPE - Asset managers working for pension funds do not “add value” to propositions around 80% of the time, according to Watson Wyatt.
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"Pure alpha" is worth paying for - AP2
[13:30 CEST 20-05] NORDIC/EUROPE - Pension funds should be willing to pay more for "pure alpha" but should stay away from private equity unless they have the necessary expertise on due diligence, AP2 officials have warned.
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NewsLeicestershire to move out of gilts
[16:30 CEST 19-05] UK – Leicestershire County Council’s pension fund management board is following the recommendation of its investment consultant and increasing its total returns strategy by moving out of government bonds.
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AP7 switches to hedge fund replication
[12:45 CEST 19-05] SWEDEN - AP7, one of the default funds in the Swedish Premium Pension Authority (PPM), has confirmed it is switching from fund of hedge funds to hedge fund replication strategies in the next quarter.
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NewsBank of Finland scheme appoints SSGA
[16:30 CEST 16-05] FINLAND – The €460m pension fund for Suomen Pankki, the Bank of Finland, has awarded a number of asset management mandates relating to real estate and equities.
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NewsFinnish VER to boost alternatives
[16:10 CEST 16-05] FINLAND – Valtion Eläkerahasto (VER), the €11.53bn Finnish first pillar pension scheme, is planning to increase its exposure to alternative investments to 10%.
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Watson Wyatt calls on pension funds to review focus
[14:00 CEST 15-05] GLOBAL - Pension funds should reduce their external investment management costs by 10 basis points and use this saving to increase their internal resources, consulting firm Watson Wyatt has suggested.
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NewsCardiff seeks specialist currency manager
[11:30 CEST 15-05] UK – Cardiff County Council is seeking a manager for a specialist currency portfolio for the Cardiff & Vale of Glamorgan Pension Fund.
