All articles by Julie Henderson – Page 21
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News
PGGM secures fresh pension fund mandate
[16:10 CEST 21-04] NETHERLANDS – The €300m pension fund for the Dutch private security industry has awarded PGGM an external mandate to manage the entire pension fund.
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ABP is alive with the Sound of Musicals
[16:00 CEST 21-04] NETHERLANDS - Imagem Music Group, the music publishing investment fund of ABP, has extended its back catalogue and acquired the rights to the songs and musicals written by Rodgers & Hammerstein, including Oklahoma, South Pacific and The Sound of Music.
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Property and infra to see investment resurgence - study
[16:30 CEST 20-04] GLOBAL – A study of pension funds and institutional investors suggests funds will increase their listed and private equity holdings this year, but the asset classes of most interest for future years are likely to be property, infrastructure and hedge funds of funds.
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Asian equities eyed via external manager
[16:15 CEST 17-04] IPE-QUEST – A Swiss investor is conducting an initial manager screening for a potential $100m (€76m) large-caps Asia (ex Japan) equity mandate, using IPE-Quest.
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Industriens diversifies to tap high-yielding dividends
[16:00 CEST 17-04] DENMARK – Industriens Pension, the €8.3bn pension fund, has diversified its equity holdings a fraction to tap potential opportunities linked to dividend income.
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IASB to unveil draft IFRIC14 amendments
[16:40 CEST 16-04] GLOBAL – The International Accounting Standards Board is planning to publish an ‘exposure draft’ of amendments to certain aspects of IAS19 later this year, which will allow a firm to recognise certain assets within its holdings as reducing future pension contributions.
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S&P warns 3 in 10 high-yield debts could default
[16:10 CEST 16-04] EUROPE – Standard & Poor’s has predicted as many as 29% of existing Western European speculative-grade companies could default on their debt agreements by the end of 2010.
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Bonds downgrading ‘artificially lowered’ deficits – Hymans
UK – A downgrading in the credit rating of some of General Electric’s corporate bonds has in turn artificially lowered the reported pension deficits at the UK’s top 350 listed firms in the first quarter of this year, according to Hymans Robertson.
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Investors eyes growth in biotechnology
[16:45 CEST 15-04] IPE-QUEST – A continental European investor is looking to hire a manager to look after a $20m (€15.2m) biotechnology equity mandate, using IPE-Quest.
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Heenk departs SEI
[16:30 CEST 15-04] EUROPE – Bart Heenk, managing director of the Benelux region for SEI Investments, has left the firm.
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Wednesday people roundup
[15:15 CEST 15-04] GLOBAL – People roundup: T.Rowe Price Int’l, Finansinspektionen, Putnam Investments, P-Solve
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News
ECJ to review Poland's overseas investment limit
POLAND – The European Commission has referred Poland to the European Court of Justice for limiting the amount of money that local pension funds can invest overseas to just 5%, arguing this in turn breaks EC rules concerning the free movement of capital.
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Aviva's buy reduces Russian market to two
[16:25 CEST 14-04] RUSSIA – ING has signed a deal to sell its non-state Russian pension fund business to rival firm Aviva, and in the process reduced the size of the Russian foreign-owned non-corporate pensions market to just two players.
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ING narrows focus in 'back to basics' shift
[16:55 CEST 09-04] GLOBAL – ING, the Netherlands-headquartered banking and insurance group, is forming a single global investment management business and consolidating its operations to in future focus on retail banking and the retirement market.
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Horeca maintains strategy with small cap appointment
[16:00 CEST 09-04] NETHERLANDS – The €2.5bn Horeca & Catering pension fund is continuing with its asset allocation diversification plan despite a recent further fall in its cover ratio, and has awarded RCM a mandate to manage European small cap equities.
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NewsGreece ordered to raise women’s pension age
GREECE – The European Court of Justice has told the Greek government it must increase the women’s state pensions age for people working in the civil service and military as current rules discriminate in the favour of mothers especially and therefore penalise men.
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CEIOPS seeks to solve cross-border IORP conflicts
[16:15 CEST 08-04] EUROPE – The Central European Insurance and Occupational Pensions Supervisors’ body (CEIOPS) has attempted to tackle problems with the ‘Budapest Protocol’ for IORPs cross-border regulation and unveiled proposals explaining how supervisors might communicate concerns over a cross-border pension scheme’s compliance with local rules.
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NewsWednesday people roundup (updated)
[13:30 CEST 08-04] GLOBAL – People roundup: BoAML, PGGM, FME, CP Eaton Partners, Sampo, Hermes BPK, GAD
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News
Dutch fund begins quest for higher bond yield
[16:55 CEST 07-04] IPE-QUEST – An international consultancy firm operating in the Netherlands is seeking information about a possible high-yield fixed income mandate worth €10m for a Dutch pension fund, using IPE-Quest.
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NewsLongevity swaps reality improved by pensions funds
[16:30 CEST 07-04] UK – It may soon be possible for UK pension funds to purchase longevity swaps as protection against members living longer than anticipated because pension funds have themselves improved pricing by making more cautious mortality assumptions.
