Investor Strategy – Page 182
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Bexley, Lincolnshire name new managers
UK – The Bexley and Lincolnshire local authority pension funds have separately named new asset managers.
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Ordina working to harmonise pension schemes
NETHERLANDS – Dutch IT firm Ordina says it is working to finalise the harmonisation of its pension schemes in the next few months.
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JP Morgan ousts Wellington at Merseyside
UK - The £3.8bn (€5.5bn) Merseyside Pension Fund has appointed JP Morgan Asset Management for its newly created £100m European (ex-UK) equities mandate.
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Germany’s EnBW confirms multi-billion revamp
GERMANY – Energie Baden-Württemberg, Germany’s third largest energy firm, has completed a revamp of the way its pension money is invested, switching to a so-called ‘master-fund’ structure for the assets.
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Clywd scheme goes unconstrained
UK – The £800m (€1.2bn) Flintshire County Council Clwyd Pension Fund has tendered a total of £145m in unconstrained fixed income and equities.
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Citigroup sets up pension solutions team
EUROPE - Citigroup has set up a European insurance and pensions structured solutions group in London under Wiltrud Heiss.
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BOE scheme takes 6.7% of Henderson property fund
REAL ESTATE - The Bank of England’s pension fund has acquired almost 6.7% of Henderson Global Property Investors, the fund manager.
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State Street under review at Edinburgh
UK – State Street Global Advisors is facing a review at the £2.1bn (€3.2bn) City of Edinburgh Council Lothian Pension Fund, which is looking to appoint a fund manager for its £125m multi-asset Scottish Homes portfolio.
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UBS, Fidelity under scrutiny at Ealing
UK - UBS Global Asset Management and Fidelity International, currently managing the London Borough of Ealing’s £500m pension fund are under scrutiny.
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Essex pension fund goes unconstrained
UK – The £2.1bn (€3.1bn) Essex County Council Pension Fund is looking to appoint a specialist unconstrained global equity manager for a £140m mandate.
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CalPERS names bond, real estate managers
US – California’s $205bn (€160bn) public pension giant CalPERS has named 16 managers for international fixed income, real estate equities and US global equities.
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Watson sees “robust” demand from pension clients
GLOBAL – Watson Wyatt Worldwide has reported “robust demand” for investment strategy and fund manager selection services amid an 18% increase in revenues at its investment consulting group.
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SSGA facing loss of $13bn CalPERS index brief
US – California pension giant CalPERS is considering terminating State Street Global Advisors from a $13bn (€10.2bn) international equity index mandate.
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East Sussex tenders up to €742m in FX
UK – The £1.18bn (€1.85bn) East Sussex County Council Pension Fund has tendered up to £500m in active currency overlay, a new move for the council.
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PPM denies fund selection “flop”
SWEDEN – The Swedish Premium Pensions Authority has reacted vigorously to reports that its new online fund selection tool has been a flop.
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Essex tenders up to €1.4bn in currency overlay
UK – The £2.1bn (€3.1bn) Essex County Council Pension Fund has tendered up to €1.46bn in active currency overlay.
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Tower Hamlets tenders UK and global equities
UK – The £640m (€935m) London Borough of Tower Hamlets Pension Fund has tendered an initial £160m in UK and global equities.
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Woolworths scheme puts 10% into alternatives
UK – The £300m (€438m) Woolworths Group Pension Scheme is to put 10% into alternative investments including property and active currency following an investment review by Hewitt Associates.
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Germany's Westfalen-Lippe fund backs Hermes
GERMANY - The €6.85bn Westfalen-Lippe doctors' pension fund has put €25m into the Hermes European Focus Fund.
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Mercer takes over at €2.4bn Allied Domecq scheme
EUROPE – Mercer Human Resource Consulting has taken over the running of the €2.4bn pension fund of drinks firm Allied Domecq.
