Markets – Page 156
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Cross-border pension fund launches stagnated in 2010, says CEIOPS
EUROPE – New figures released by the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) show that the number of cross-border IORPs stagnated in 2010, with a net gain of only two new launches.
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German SMEs reluctant to offer pensions
GERMANY – Over 60% of companies currently not offering their employees any pension schemes are not planning to do so ever, the German insurance group Ergo has said.
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Carbon indices are a straitjacket - Joly
EUROPE – Carbon indices serve as a straitjacket, according to Carlos Joly, chairman of the climate change scientific advisory committee of Natixis Asset Management.
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Turkish pension system grows apace, on track to reach €25bn by 2020
TURKEY – The Turkish private pensions system will hold more than TRY50bn (€25.65bn) in assets by 2020 and even has the potential to grow to twice that size, according to Meral Eredenk, chairwoman of the country’s Pension Monitoring Centre (EGM).
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PensionDanmark invests €27m in sub-Saharan region
GLOBAL – Danish labour market pension fund PensionDanmark is investing DKK200m (€27m) in the sub-Saharan region of Africa via an established fund and expects to increase its exposure to the continent still further next year.
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IPE survey shows pension funds expecting low inflation
EUROPE – The majority of European pension funds are expecting low inflation over the next year and a half, according to a recent IPE survey.
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Greece, Spain lead government bond returns in the third quarter
EUROPE – Greece and Spain – which have hit the headlines this year due to their large debt burden – are leading total returns in the third quarter of this year, according to the S&P Eurozone Government Bond index.
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Editor's Choice: Why defining 'currency beta' is harder than you might think
Portfolio engineering with FX exposures would be much simpler if we could identify its beta. Martin Steward looks at the range of candidates
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Towers Watson questions liquidity of 100-year bonds
EUROPE – Towers Watson has argued that pension funds have little to gain from investing in centenary bonds, as the often small issuance results in an inherently illiquid market.
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German companies turning to LDI, alternatives for pension schemes
GERMANY – German multinational companies have been using hedging strategies, liability-driven investment (LDI) and alternatives increasingly, but are still reducing equities, according to a survey by Towers Watson.
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Mercer urges investors to step up developing market exposure
GLOBAL – Mercer has urged institutional investors to consider developing markets as an alternative to developed countries that suffer from high debt burdens and a dearth of bank lending.
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Nordic investors rejecting 'expensive' UCITS wrapper
GLOBAL – Nordic investors do not understand why they should invest in expensive UCITS, a member of SEB's investment team has said.
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Risk management is top priority, say global investors
GLOBAL – Solving the risk management challenges they face in the next decade is the top priority for institutional investors, according to a survey by Pyramis Global Advisors, the institutional arm of Fidelity.
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UK roundup: USS bonus payments, FTSE250 DB schemes
UK – The Universities Superannuation Scheme (USS) has come under attack from the Universities and College Union (UCU) for the payment of £2.9m (€3.2m) in bonuses to its investment team.
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LLMA unveils framework for longevity index
UK – The Life & Longevity Markets Association (LLMA) has published the governance framework for its planned longevity index.
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Low Bund yields tax German investors, consultants
GERMANY – Record low Bund yields have very ambivalent effects on German institutional investors, increasing assets and liabilities at the same time, consultancies are pointing out.
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GPS: Pension funds worry about PIGS states, pessimistic on risk
GLOBAL – Pension funds are most concerned about the financial instability potentially caused by PIGS states – Portugal, Italy, Greece and Spain – the latest Global Pensions Survey (GPS), by Tilburg University, IPE and the European Pension Academy, has found.
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Germany sees launch of biggest fund of fund since Lehman collapse
GERMANY – LGT Capital Partners and Solutio have launched Germany's biggest private equity fund of fund since the collapse of Lehman Brothers.
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German investors rally in strongest six months since 2007
GERMANY – Investment inflows in Germany reached levels not seen since the beginning of 2007, according to figures released today by the German investment and asset management association BVI.
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UCITS inflows swell to €49bn in first quarter: EFAMA
EUROPE – Investment poured back into UCITS funds in the first quarter, surging to more than €49bn against just €1bn in the fourth quarter of 2009, according to the European Fund and Asset Management Association (EFAMA).