All articles by IPE staff – Page 24
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Features
Focus on liabilities that safeguards future benefits
To win an individual country or themed IPE Award for pension fund excellence sets you up as something of a benchmark. To walk away with overall Best European Pension Fund Award 2005, however, means you are defining your industry. There can be no doubt Denmark’s ATP fund won this highly ...
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Features
Balancing risk and return to protect value of benefits
In recent years, liability-side issues have had a very substantial influence on Danish pension fund ATP’s investments. During the past year, therefore, ATP has radically changed its approach to liability-driven investments. Its work in splitting the investment portfolio into separate alpha, beta and liability hedge portfolios has helped ATP carry ...
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Features
Joint award reflects range of skills and strengths
The aim of the Cepsa Group Pension Fund is to achieve adequate returns for the members and beneficiaries of the scheme, over the medium and long term and using a low risk profile. The fund defines ‘adequate’ as two to three points above the Spanish consumer price index. As a ...
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Features
Optimising asset structures
Following the substantial growth of its asset base, in 2002 WPV hired an independent consultant to conduct an asset/liability study for the first time. As a result of this study, WPV set up a master fund with Deutsche Asset Management (DeAM) comprising one passive and two active mandates. The scheme ...
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Features
Three-pronged approach brings flexibility and focus
Danish pension fund ATP has won this year’s country award for its excellence in four main areas: investments, pension policy and liability side issues, overall objectives and risk tolerance, and dealing with the interdependence between these three areas. The fund believes that what distinguishes it from other pension funds is ...
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Features
An alternative to ordinary mandatory insurance funds
The Frjálsi Pension Fund was established in 1978 and is one of the oldest and largest non-mandatory pension funds in Iceland, Traditionally, pension funds in Iceland have used all of the 10% mandatory contribution to provide coinsurance rights but the founders of the scheme wanted to create an alternative to ...
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Features
Adventurous allocation soon starts to pay dividend
As pension funds look around for innovative ways of boosting their income from traditional asset classes, private equity is moving into the mainstream as a way of achieving this. Länsförsäkringar Liv Försäkrings (LF) of Sweden has become a pioneer in developing this asset class as an integral part of a ...
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Features
Peers acknowledge the 'constant gardener' of Europe
This year’s winner of the Award for an Outstanding Industry Contribution to is Koen De Ryck. He was the clear favourite among the 18 candidates who were on the list that IPE readers were asked to vote on. That comes as no surprise, given his dedicated service that can be ...
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News
IPE Real Estate launches website
GLOBAL – IPE Real Estate, the specialist magazine for institutional investors, has today launched a new website to provide further insight into the fast-growing international real estate investment market place.
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Special Report
Listening to the investors
Corporate governance has been described as the “architecture of accountability”. How satisfied are primary investors with the accountability of real estate managers and their funds? IPE asked several major investors for their views on the subject. Our questions – which were supplied by Jonathan Fenton at law firm DLA ...
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Features
How secure is your lending?
IPE asked three pension funds in three countries – Ireland, Denmark and the Netherlands – the same question: ‘Does securities lending represent free revenue for pension funds or does it carry underestimated risks?’ Here are their answers: Michael Nellemann Perdersen, CIO at PKA, which groups eight pension funds in ...
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Features
Done deals in London
The property deal-flow in London continues unabated with a number of funds and property companies reporting successful completions. Insight foundation property trust has acquired National Magazine House at 72 Broadwick Street, W1 from Shaftesbury plc for £45m (€66.5m). The price reflects a net initial yield of 5.29%. The property is ...
