Investor Strategy – Page 159
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NewsInflation will remain "high" – Trichet
[15:50 CET 26-03] EUROPE – Jean-Claude Trichet, the president of the European Central Bank, today said the period of relatively high inflation rates will be longer than previously expected.
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Hackney adopts GTAA and currency overlay
[16:40 CET 25-08] UK – The London Borough of Hackney pension fund is seeking a new actuarial services provider, but has appointed managers for its Global Tactical Asset Allocation (GTAA) and currency overlay mandates.
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2007 saw quants move one-eighth of assets – Aite
[16:15 CET 25-08] GLOBAL – Approximately US$6.65trn (€4.27trn) or one-eighth of all global assets under management (AuM) were driven by quantitative analysis in 2007, and that figure will grow to 14% or $10.86trn by 2010, financial services research house Aite Group has predicted.
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ERAFP aims to diversify with new consultant
[15:00 CET 20-03] FRANCE – The €4.8bn French public service supplementary pension scheme ERAFP has said it has selected Mercer as its new investment consultant for an extended diversification of its investments.
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Dresdner splits for 'consolidation'
[15:30 CET 17-03] GERMANY – German insurer Allianz confirmed it will split its subsidiary Dresdner Bank into two separate units, carving out investment bank Dresdner Kleinwort as a distinct legal entity, with immediate effect.
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Entity change subject to DNB approval - Donner
NETHERLANDS - The transition of a pension fund foundation into another entity will become subject to approval of the pensions regulator DNB, social affairs’ minister Piet Hein Donner has confirmed.
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'Tackle weak links' – Ambachtsheer
[15:00 CET 14-03] GLOBAL – Tackling weak links such as herding and poor integration across key functions could help pension funds prevent falling trap to further ‘predictable surprises’, according to pension expert Keith Ambachtsheer.
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Alpha-beta separation is 'future' as trustees alter focus
[14:00 CET 13-03] UK – The pensions industry is on the verge of a “second wave” of liability driven investment strategies, although this time the focus will be separating the alpha and beta elements, Morgan Stanley Investment Management has claimed.
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Size and diligence slow ATP's private equity shift
[15:55 CET 12-03] DENMARK – The ATP pension fund has only invested around half of the amount in private equity it originally intended seven years ago, largely because of the unexpectedly high volume of due diligence work it has had to do.
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PGB starts SRI portfolio with green entry
[15:30 CET 12-03] NETHERLANDS – PGB, the €10bn pension fund for the printing industry, has placed €25m in renewable energy, as the opening investment of a socially-responsible investment (SRI) portfolio.
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FSP raises the ceiling on property
[15:20 CET 10-03] DENMARK - Finanssektorens Pensionskasse, the Danish pension scheme for financial sector workers, is adding a hefty slice of property exposure to the unit-linked scheme now used by all new members.
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NewsPension boycott of Aegon over Optas (Update)
[15:00 CET 07-03] NETHERLANDS – FNV Bondgenoten, the largest Dutch union, is refusing to place any new deals with insurer Aegon, as it believes it has shown a “very unreliable” attitude in the Optas case.
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Henderson moves into trouble-shooting
[13:00 CET 06-03] UK – Henderson Global Investors has announced the launch of a Pan-European 'active engagement' fund, to invest in what it describes as the recovery of wilting companies.
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German doctors mull infrastructure
[12:00 CET 29-02] GERMANY – The €9bn Nordrheinische Ärzteversorgung (NAEV), the German pension fund for doctors in the North Rhine region, is contemplating a move into infrastructure investments.
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PGGM shifts €10bn into passive
[16:05 CET 27-02] NETHERLANDS - Asset manager PGGM has sacked over a dozen external asset managers for underperformance of their actively-managed portfolios and moved a ninth of its assets into passive management.
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Brandenburg legislates for new pension fund
[15:00 CET 26-02] GERMANY – Brandenburg, one of the new German federal states, is planning to set up a new pension fund by the end of this year, IPE has learnt today.
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German blue-chip invests in insurer’s cover fund
[15:15 CET 25-02] GERMANY – The Pensionsfonds of Europe’s third largest truck maker, Man AG will has invested €220m of its assets in German insurer Allianz Leben’s cover fund.
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Pension funds cautious about GTAA
[15:45 CET 18-02] GLOBAL – Adding a global tactical asset allocation (GTAA) mandate to a portfolio is still a question of money, belief and regulation, according to pension funds.
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Germans depart from equities and bonds in 2007
[13:30 CET 18-02] GERMANY – The German association of investment and asset management said Germany’s investment management businesses grew by €60bn to €1.7trn in 2007, despite outflows from equity and bond funds.
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NewsLPFA considers 'market-neutral' pensions strategy
[13:30 CET 15-02] UK – London Pension Funds Authority officers are hoping to shift the strategy of its pension assets to a more market-neutral position, and may opt for a larger allocation to infrastructure.
