Markets – Page 157
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NewsEmerging market private equity investment surges, says EMPEA
GLOBAL – Booming deal flow, particularly in increasingly large transactions, is fueling robust growth in emerging market private equity investment, according to research from the Emerging Markets Private Equity Association (EMPEA).
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German government bonds offer strongest return, according to S&P Index
EUROPE – German government bonds returned almost 7% in the first half of 2010, according to Standard & Poor’s (S&P) Eurozone Government Bond index.
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NewsUK roundup: The Pensions Regulator, Hewitt, John Lewis Pension Fund
UK – The Pensions Regulator today released its annual report and accounts, outlining all actions it has taken over the last year, while Hewitt urged employers to prepare for the changes to pension taxation before a final legislation was drawn up and John Lewis Pension Fund significantly reduced its stake ...
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NewsNew York pension fund joined by four others in BP class-action suit
GLOBAL – The $132bn (€102bn) New York Common Retirement Fund has been joined by four further pensions funds from the US state of Ohio in a $200m class-action suit against BP.
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NewsBlackRock's Q2 assets under management plummet by 6%
GLOBAL – Assets under management at BlackRock, the largest asset manager in the world, fell by 6% to $3.1trn (€2.4trn) in the second quarter, sending its shares down by nearly 5% today.
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Synthetic inflation options 80% cheaper than caps, says Pimco's Worah
GLOBAL – Replicating optionality on inflation using the US dollar swaps market in recent years would have incurred one-fifth of the cost of buying inflation caps, according to research by PIMCO.
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European roundup: Alitalia, Hewitt, EFAMA
EUROPE – Alitalia has announced detals of a buy-in by the Pension Insurance Corporation (PIC), while Hewitt said funding ratios in both the UK and mainland Europe had fallen sharply over the last quarter, and The European Fund and Asset Management Association (EFAMA) announced UCITS had seen strong net outflows in May.
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NewsUK may not issue CPI-linkers for 18 months: Redington
UK – It may take the UK's Debt Management Office (DMO) up to 18 months to issue consumer price index (CPI) linked bonds that comply with recently announced CPI-linking of pensions, Robert Gardner of investment consultancy Redington has warned.
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NewsSurvey of fund managers sees European economy weaken over next year
EUROPE – Almost half of European fund managers now predict the region's economy will weaken over the next year, according to Bank of America Merrill Lynch's monthly Fund Manager Survey.
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NewsNordic roundup: Finanstilsynet, KPA, ITP, AP3
EUROPE – Norway's regulator, Finanstilsynet, has lifted a ban on hedge fund sales and marketing to institutional investors in the country.
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Austria’s APK to up absolute returns, Valida underweights credit
AUSTRIA – Austria’s APK Pensionskasse plans to increase absolute return investments, while its competitor Valida Pension is to reduce its allocation to credit.
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Romanian court rejects pension reforms, as Greece ratifies theirs
The Romanian Constitutional Court this afternoon rejected planned reforms of the pension system as unconstitutional in a move that could endanger a €2bn bailout by the International Monetary Fund (IMF).
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NewsSwedish roundup: Swedish Match, Brummer & Partners, Inpension, Söderberg & Partners
SWEDEN – Swedish Match, the tobacco company, has decided to close its pension funds PSA and PSF and transfer assets and risk to Alecta, AMF and Folksam in a move that is thought to be the first of its kind in Sweden.
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NewsNew York State pension fund sues BP over losses
GLOBAL – The New York State Common Retirement Fund is suing BP over losses incurred through the oil spill in the Gulf of Mexico.
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NewsDenmark's ATP makes first foray into UK with new office
EUROPE – The Danish Labour Market Supplementary Pension ATP has made its first foray into the UK market by opening an office in London.
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NewsUK to cut gilt sales by £20bn; PwC warns on asset management industry
UK – Planned UK gilt sales in 2010-11 are being reduced by £20.2bn (€24.6bn) to £165bn as a consequence of new forecasts for public finances published in the Budget.
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NewsPensions Board laments massive deficits for Irish DB schemes
IRELAND – Three-quarters of Irish defined benefit (DB) schemes were still in deficit at the end of last year, according to The Pensions Board's 2009 Annual Report.
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NewsABP joins forces with Canada's OMERS on 15-year start-up initiative
GLOBAL – Dutch pension giant ABP has teamed with the Ontario Municipal Employees Retirement System (OMERS), one of Canada's largest pension funds, to launch a 15-year programme to invest in start-ups located in both countries.
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Asset managers expecting global surge in M&A activity
GLOBAL – Asset managers are expecting to see a wave of international merger and acquisition (M&A) activity over the next 12 months, according to a survey by KNEIP.
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Germany's BVK to boost investment in emerging market debt
GERMANY – The Munich-based Bayerische Versorgungskammer (BVK), the largest pension fund in Germany, is set to increase its emerging market debt (EMD) exposure over the coming months.
