Investor Strategy – Page 165
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News
First cross-border scheme set for launch
[16:45 CEST 03-04] GLOBAL – The global cross-border pension scheme will begin operating from September 1 this year, to give employees of a US multi-national access to pension benefits through a single plan arrangement.
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Beenen to promote alternative strategies at Mercer
[15:15 CEST 03-04] NETHERLANDS – Jelle Beenen, who until this week was head of alternative investments at PGGM, is planning to help smaller pension funds devise innovative strategies in his new role at Mercer.
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News
Newton picks up Northants overseas win
[15:45 CEST 02-04] UK - Northamptonshire County Council has signed Newton Investment Management to handle the £200m overseas equity mandate on behalf of the £1.1bn (€1.6bn) pension fund.
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Pension funds shun UK equity
[16:50 CET 31-03] UK – Pension funds have never invested less in UK equities, according to BNY Mellon Asset Servicing, as its own an asset allocation study has found weightings in the asset class slumped to 28.7% in 2007.
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News
Average salary schemes could lose out to DC
[16:20 CET 31-03] NETHERLANDS - Pension provider Centraal Beheer Achmea and consultancy Mercer claim average salary arrangements could lose their attraction to employers after the demise of final salary schemes and pave the way for the growth of defined contribution schemes.
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News
AP4 joins bid for Absolut vodka
[16:50 CET SWEDEN - Fjärde AP-fonden (AP4) one of the five Swedish pension system's buffer funds has confirmed it is participating in an offer for V&S Vin&Sprit AB, the Swedish state-owned wine and spirit firm which produces drinks brands including Absolut vodka.
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News
PGGM allocates €200m to microfinance
[13:30 CET 28-03] NETHERLANDS - PGGM, asset manager to the €88bn healthcare and social welfare scheme Pensioenfonds Zorg en Welzijn (PZW), has entered the microfinance market by allocating no less than €200m to this asset class for the next two to three years.
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NewsInvestment in Irish equities fell 2.8%
[15:15 CET 27-03] IRELAND – Trustees have been "actively reducing investment risk" during 2007, with 28.5% of assets under passive management and a 2.8% reduction in exposure to Irish equities, the Irish Association of Pension Funds (IAPF) has revealed.
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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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News
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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News
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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News
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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News
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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News
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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News
'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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News
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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News
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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News
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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News
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.
