Investor Strategy – Page 184
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News
UN scheme looks to hire chief risk officer
GLOBAL – The in-house investment management firm of the $32bn (€26.5bn) United Nations Joint Staff Pension Fund (UNJSPF) is looking to appoint a chief risk officer, and a senior investment officer to its alternative investment portfolio.
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DekaBank sets up €222m pension CTA
GERMANY – DekaBank, the asset management arm of Germany’s state-owned savings banks (Sparkassen), has set up a contractual trust arrangement (CTA) for €222m in pension liabilities.
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Ex-AP2 investment chief explains resignation
SWEDEN – Petter Odhnoff has given IPE an account of the events leading up to his decision to quit yesterday as chief investment officer of the SEK190.6bn (€20.5bn) AP2 fund.
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PGGM names investments operating chief
NETHERLANDS – PGGM, the €70bn Dutch healthcare and social work pension fund, has named Marc van den Berg as chief operating officer of investments as of May 1.
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IPe-symposium: Industriens eyes EM private equity
DENMARK – Industriens Pension, €5bn Danish scheme, says it might look at entering the emerging market private equity arena.
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Bank of NY launches Poland fund firm
POLAND – The Bank of New York has launched an investment fund company in Poland to tap pension fund demand.
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AP2 investment chief resigns in tax probe
SWEDEN – Petter Odhnoff, chief investment officer of the SEK190.6bn (€20.5bn) Second Swedish National Pension Fund or AP2 has quit amidst allegations of tax irregularities following an audit conducted by the Swedish tax authorities.
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Italy’s Foncer seeks three managers
ITALY - Foncer, the second pillar supplementary pension fund for workers in Italy’s ceramic tile industry, is looking for three managers for its €70m portfolio.
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Citibank loses €13bn F&C pooled assets brief
NETHERLANDS – Citibank has lost out on a €13bn pooled assets mandate with F&C Netherlands – the mandate was awarded to ABN Amro Mellon following a market survey by the asset manager.
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DC schemes get low scores from Watson Wyatt
GLOBAL – Watson Wyatt has awarded the current investment sophistication of defined contribution schemes very low grades.
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OECD wants derivatives rules for pension funds
GLOBAL – The Organisation for Economic Cooperation and Development has called for strict limits, if not outright prohibition, on pension funds’ use of derivatives with the potential for unlimited commitments.
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Lupus alpha “talent hotel” almost full
GERMANY – German boutique asset manager Lupus alpha’s “talent hotel” for new managers could soon be full, says Ulf Becker, partner in the firm’s alternative solutions department.
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Ex-Robeco CIO Vriezen to run C&A assets
NETHERLANDS - The former chief investment officer of Robeco, Marnix Vriezen, has taken over the management of the €1bn assets of the pension fund of C&A Nederland, the Dutch arm of the international clothes retailer.
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Deutsche Post names group pensions director
GERMANY – Benedikt Köster, former international pension accounting chief in Germany for Aon Jauch & Huebener Consulting, has been appointed director of group pensions at Deutsche Post.
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De Eendragt scheme becomes life insurer
NETHERLANDS – Dutch corporate pension fund Stichting Pensioenfonds De Eendragt has changed to a life insurance company called De Eendragt Pensioen NV with more than €950m in total assets under management.
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10% of large UK schemes now in hedge funds
UK – Some 10% of large UK pension funds now invest in hedge funds, according to a survey by Mercer Investment Consulting.
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PGGM puts €500m into de Mol TMT fund
NETHERLANDS – Dutch healthcare pension fund PGGM has invested €500m in a technology, media and telecoms fund linked with Big Brother TV magnate John de Mol.
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Citigroup wins deal for UK overseas pensions
UK – Citigroup has been awarded a £500,000 (€720,000) contract by the Department for Work and Pensions to pay the pensions of almost one million overseas UK pensioners.
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Dutch metals fund PMT in real estate purchase
NETHERLANDS – MN Services has bought 29 apartments in Rotterdam on behalf of its owner, the €20bn metalworkers’ scheme Pensioenfonds Metaal en Techniek.
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German boutique Lupus opens Vienna office
AUSTRIA – Lupus alpha, a Frankfurt-based asset management boutique, has opened a new sales office in Vienna as part of a push into the Austrian institutional market.
