Markets – Page 159
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NewsPension schemes optimistic on economy despite Greek crisis
GLOBAL – Pension funds are increasingly optimistic about the strength of the global economy, despite concerns over the financial situation in Greece, according to a quarterly survey in association with IPE.
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Provisum cancels underperforming 'black box' strategy
NETHERLANDS – Provisum, the €1bn Dutch pension fund of retailer C&A, has terminated its global tactical asset allocation (GTAA) due to poor performance and lack of transparency.
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Industriens gains 15.4% on stocks but uncertainty looms
DENMARK – Industriens Pension, the pension fund for the industrial sector in Denmark, benefited from a 15.4% return on Danish stocks in the first quarter of 2010, with its global equities portfolio delivering half that (7.7%) in total.
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Short-selling ban ‘red herring’ for wider euro-zone problems – ATP
EUROPE – Following widespread criticism from fund managers of Germany’s short selling ban, Danish pensions giant ATP has questioned whether it was really to blame for the subsequent currency and stock market falls.
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UK equity reliance blurs fiduciary case
UK – Heavy reliance on equities in the UK means fiduciary managers have been unable to stabilise pension scheme’s funding levels, SEI has claimed, which has meant that the fiduciary management industry has been less able to demonstrate its case.
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Investors see opportunities in secondary private equity
GLOBAL – Most institutional investors intend to either maintain or increase their allocation to private equity in 2010, according to research by SL Capital Partners.
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Dutch workers more willing to work up to 65
NETHERLANDS – The number of Dutch employees who want to carry on working until the official retirement age of 65 has doubled to 42% during the past five years, according to a new study.
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NewsUK roundup: UK election, Croydon, John Lewis, Freshfields
UK – The pensions industry in the has called for stability around government pensions policy in the wake of indecisive UK election results. Meanwhile Croydon is seeking actuarial and investment consultants, John Lewis has appointed a legal adviser, and Freshfields is closing its defined benefit (DB) scheme to future accrual.
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German funds look to emerging market debt – HSBC
GERMANY – German pension funds' appetite for fixed income exposure will push them towards investing in emerging market debt, according to HSBC.
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Fund managers hope to taste Goldilocks scenario
GLOBAL - Signs of a Goldilocks scenario were promised today for Europe by a monthly survey of fund managers, despite a third of respondents stating they remained underweight the eurozone for the second consecutive month.
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Markets rally on euro-zone’s €30bn package for Greece
EUROPE - Bond rates and currency markets responded strongly to news announcing euro-zone members agreed a rescue package for Greece over the weekend.
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Unipension drops hedge funds over lack of diversification
DENMARK - Unipension, the administration company managing some DKK80bn (€11bn) for Denmark's Architects’ Pension Fund (AP), the Pension Fund for Danish MAs, MScs and PhDs (MP) and the Pension Fund for Agricultural Academics and Veterinary Surgeons (PJD), is divesting from its fund of hedge fund investments.
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Institutional investors looking to Asia, says survey
GLOBAL - Global financial institutions are planning to expand their allocation to Asian asset classes to get better returns and improved diversification, according to new research.
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Three in 10 fund managers see European equities as undervalued
GLOBAL - European equity markets are currently seen as "cheap", according to a new survey polling over 200 investors globally.
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NewsPension funds withdrew private equity commitments in 2009
EUROPE - Pension fund commitments to private equity funds were last year almost wiped out in the wake of the financial crisis, according to analysis of investment and performance data.
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NewsDMO will be 'sensible' over gilt issuance
UK - The UK Debt Management Office (DMO) has acknowledged pension fund demand for more index-linked and long-dated gilts but warned it will continue to issue as many as is sensible and "operationally feasible".
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Solvency II to spark search for asset management alternatives
FRANCE - Asset managers will have to offer alternatives to equities if they are to guarantee the best possible return for their investors under the likely constraints of Solvency II, the author of a recent survey of French institutional investors claims.
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NewsIncrease in products predicted to drive future cross-border market
[16:30 CET 26-02] EUROPE – Hewitt Associates has claimed a third of multi-national companies could have pan-European pension arrangements by 2015, as increased offerings from financial services providers could open the market to mid-sized companies.
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Investors continue to finance climate-friendly projects
[14:00 CET 24-02] GLOBAL – Investment in World Bank green bonds have now surpassed the $1bn (€736m) mark, reflecting a growing interest by investors in climate change adaptation and mitigation projects.
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Union reports record year for institutional business
[17:10 CET 19-02] GERMANY – Union Investment saw its institutional business soar by over 20% to a record high in 2009, fuelled by investor demand for risk management and value protection, according to board member Alexander Schindler.
