Investor Strategy – Page 173
-
News
Norges chief slams “disguised beta” hedge funds
NORWAY – Knut Kjaer, executive director of Norges Bank Investment Management, which runs the NOK1.5trn (€182bn) Norwegian Pension Fund – Global, says many hedge funds are overpriced beta suppliers.
-
News
Paternoster CEO outlines “keys to success”
UK – Mark Wood, chief executive of Paternoster, has outlined what he terms the keys to the success of the new breed of pension buyout firms.
-
News
Royal Mail scheme chairman joins Synesis
UK – Jane Newell, chairman of the £21bn (€31.3bn) Royal Mail Pension Plan, is to join the board of new pensions annuity firm Synesis Life as a non-executive director.
-
News
More details about ABP’s new Hong Kong office
NETHERLANDS – Dutch pension giant ABP, at €201bn Europe’s largest pension fund, has announced a launch date and the key executives for its new Hong Kong office.
-
News
€30bn London fund merger proposed
UK – A new report will suggest merging London pension schemes into one or two funds with a combined value of approximately £20bn (€30bn), according to a newswire report.
-
News
German institutions ‘asset allocations unchanged’
GERMANY – Insurers and pension funds plan virtually no change to their asset allocation during 2006, meaning that they will remain mostly invested in fixed income, according to a new study unveiled by private equity fund provider CAM.
-
News
SPF offers assistance to small schemes
THE NETHERLANDS - SPF Beheer has offered ‘collegial’ assistance to small pension funds, which want to remain independent, it announced.
-
News
Hampshire appoints seven new managers, looks into hedge funds
UK – The £2.5bn (€3.7bn) Hampshire County Council Pension Fund has completely overhauled its management structure. In a move from multi-asset to specialist managers it has re-appointed three of the old managers and awarded mandates to seven new managers.
-
News
Watsons advises on €1.3bn of mandates in Germany
GERMANY – Watson Wyatt’s investment consulting arm in Frankfurt says it has advised institutional clients on €1.3bn worth of allocations to asset managers since opening its doors about a year ago.
-
News
ABP to increase hedge fund exposure
NETHERLANDS – The €200bn ABP pension fund of the Dutch civil servants will further raise its exposure to hedge funds in the future, Edwina Neal, CIO of equities at ABP, said at the Hedge 2006 conference in London. No details were disclosed but the exposure “will rise” she confirmed to ...
-
News
Fund managers now using cash - Merrill survey
GLOBAL - Investors are putting their cash back to work, following the 25% fall in the oil price, said Merrill Lynch’s David Bowers when presenting the findings of the firm’s October fund manager survey.
-
News
New Danish construction pension set up
DENMARK – PensionDanmark and the Danish construction industry association Dansk Byggeri have teamed up to offer a new pension product.
-
News
Wiltshire fund tenders following review
UK – The £1bn (€1.48bn) Wiltshire County Council Pension Fund is tendering for pension investment services representing a total of up to £525m in active currency, unconstrained global equity and long-short equity.
-
News
Newham Pension Fund ventures into active currency
UK – The £540m (€747m) London Borough of Newham Pension Fund is looking to appoint one or more managers for a new active currency portfolio.
-
News
Pilots’ pension fund takes Aer Lingus stake
IRELAND – Airline Pilots’ Pensions, the pension scheme of Aer Lingus pilots, has bought a 2.12% stake in the Irish airline in an apparent effort to obstruct budget carrier Ryanair’s €1.4bn hostile takeover bid.
-
News
PGGM mulls new structure to take on insurers
NETHERLANDS - Dutch health care pension fund PGGM is considering restructuring to take on insurance industry competitors, according to reports.
-
News
Institutions become more active - NAPF
UK – Large pension funds are taking a more proactive approach to engaging with companies to maximise returns for scheme members, a new research by the National Association of Pension Funds (NAPF) reveals.
-
News
Dutch FTK prompts investment changes – survey
NETHERLANDS – The new Financial Assessment Framework for Dutch pension funds, or FTK, has prompted changes in funds’ investment policy, a new survey has found.
-
News
OECD sees “vicious circle” of pension bond demand
GLOBAL – The Organisation for Economic Cooperation and Development says new accounting standards may have set up a “vicious circle” of bond demand from pension funds.
-
News
Leicestershire tenders targeted returns
UK – The £1.9bn (€2.8bn) Leicestershire County Council pension fund is looking for a targeted or absolute return manager to invest 5% of its portfolio.
