Investor Strategy – Page 91
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News
APG, LaSalle to finance UK residential, student housing
EUROPE – Dutch institution increases European property debt exposure with £238m commitment.
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NewsDanish schemes welcome report supporting infrastructure PPPs
DENMARK – Pension fund PKA 'ready to invest billions' in suitable projects.
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News
Swiss schemes cut bonds, abandon securities lending
SWITZERLAND – Schemes ‘rethinking’ temporary lending of securities over risk concerns.
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News
USS, Borealis in £5bn bid for UK utility company
GLOBAL – One of UK’s largest pension funds teams up with Canadian scheme to acquire Severn Trent.
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NewsIMF warns Dutch pension funds against mortgage investments
NETHERLANDS – Says pension funds should not be incentivised to alter asset allocation.
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NewsRedington to expand offering to small, medium-sized pension funds
UK – Designs platform for schemes with £100m to £1bn in assets under management.
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NewsKodak UK pension fund re-examines PE after settlement
UK – Trustee says 20% stake likely to be reduced following settlement in $1.8bn court case.
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News
OECD warns pension funds against 'excessive' reliance on ratings agencies
GLOBAL – Think tank backs active shareholder approach.
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NewsPGGM, Inland America forge $600m retail real estate JV in US
GLOBAL – Dutch manager earmarks $130m of equity for venture in two separate commitments.
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NewsIreland's NAMA offloads Irish loan portfolio to Starwood
IRELAND – Sale will see establishment of joint venture, with NAMA owning a 20% stake.
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NewsNorwegian oil fund struggling to meet 5% real estate allocation
NORWAY – Fund gradually building 'capacity and competence' required for asset class.
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NewsNorwegian oil fund facing 'considerable' challenges
NORWAY – Head of Norges Bank's investment arm says low-yield environment causing problems.
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NewsPGGM to participate in Irish road project through BAM JV
EUROPE – Dutch asset manager expects to be involved in project for at least 25 years.
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NewsATP to build up foreign equity holdings after two-year hiatus
DENMARK – Low bond yields, European weakness force Danish scheme to look to other countries.
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News
Nordic roundup: Keva, Varma, Veritas
EUROPE – Assets at Keva increase to €35.8bn after 3.8% first-quarter return.
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NewsTPR chairman warns against 'near-cash' shift at approach of retirement
UK – New chairman says pension funds should retain 'reasonable' exposure to growth assets.
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NewsIslington fund calls on LGPS to consider residential investment
UK – Fund, which recently committed £20m to residential, praises economic impact of investment.
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News
No scale limit for cutting pension fund costs on admin, DNB concludes
NETHERLANDS – Dutch regulator cites €690m as optimal AUM for asset-management costs.
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NewsGreat rotation from bonds to equities a 'myth', says JPMAM
EUROPE – Money flowing into equities from cash reserves rather than fixed income, CIO says.
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NewsSwiss pension funds shifting focus towards emerging market debt
SWITZERLAND – Schemes still unsure how best to manage strategies, expert warns.
