Markets – Page 162
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ATP seeks to follow venture capital success
[16:35 CET 16-11] DENMARK - ATP is planning to launch a second DKK1bn (€130m) ICT venture capital fund in a year’s time, because its first fund has proven to be so successful.
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NewsGermany's MetallRente to target 80% equities
[15:30 CET 13-11] GERMANY – MetallRente, the pension group for the German metal industry, now has a target allocation of 80% equities in its Pensionsfonds - a pensions vehicle that it believes is most appropriate for young people.
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AP7 to launch new products following overhaul
[16:30 CET 04-11] SWEDEN - The Seventh Swedish National Pension Fund (AP7) will take a new shape after May 2010 and management is currently ironing out details for the launch of its new equity and fixed-income funds.
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NewsUK roundup: Havering, East Sussex, Lincolnshire
[16:30 CEST 28-10] UK – The London Borough of Havering has issued a tender for a multi-asset absolute return bond manager to run around 5% of the fund, alongside a search for a passive equities manager. East Sussex Council is seeking a provider of a corporate governance overlay service for ...
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Industry-wide fund issues climate change mandate
[16:00 CEST 20-10] IPE-QUEST – A Dutch pension fund is planning to venture into Asian-Pacific real estate investments while a second industry-wide pension fund is hoping to invest up to $150m (€m) in a global climate change equity mandate, and both are using IPE-Quest.
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EC aims to pursue withholding tax parity
[15:30 CEST 20-10] EUROPE – The European Commission is attempting to push through yet more reforms to local withholding tax regimes by recommending a simplified system be introduced for investors claiming the tax relief.
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Boutique forecasts a decade of low interest rates
[17:10 CEST 16-10] EUROPE - There will be no end to the US Federal Reserve’s low interest rate policy within the next few years, so returns from bonds and money market instruments will be insufficient to meet pension fund targets, according to Jens Ehrhardt, founder of multi-asset boutique DJE.
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Bond manager warns of 1994 re-run
[16:00 CEST 15-10] GLOBAL - Paul Griffiths, the newly-appointed global head of fixed income at Aberdeen Asset Management, has warned that central banks are walking a “very fine line” with regard to the timing of rate rises and their withdrawal of liquidity from markets, drawing comparisons with the market turmoil ...
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Bucks appoints RLAM for bonds as Devon seeks actuary
[17:00 CEST 13-10] UK – The £1.07bn (€1.14bn) Buckinghamshire County Council Pension Fund has appointed Royal London Asset Management (RLAM) to run a fixed income mandate.
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Merseyside keeps L&G and Schroders for fixed income
[16:50 CEST 12-10] UK – The £4.1bn (€4.4bn) Merseyside pension fund has retained its two fixed income managers to run a portfolio valued at around £372m, or 9% of the scheme's assets.
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Essex appoints Fidelity for global equities
[17:10 CEST 09-10] UK – The £2.2bn (€2.37bn) Essex Pension Fund has appointed Fidelity International as an active global equity manager.
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FSP lifted by high returns in Q3
[17:00 CEST 09-10] DENMARK - Holdings in emerging markets and corporate bonds boosted investment returns for the market-linked pensions of Denmark’s Finanssektorens Pensionskasse (FSP), the fund said, reporting strong third quarter performance figures.
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NewsExotic ETFs are not seeing demand - provider
[17:20 CEST 06-10] EUROPE - Exotic and more sophisticated exchange-traded funds have suffered from a serious lack of interest this year, according to Axel Lomholt, head of product development for iShares Europe.
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NewsEuropean pension fund considers enhanced passive mandate
[16:45 CEST 06-10] IPE-QUEST – A continental European pension fund is looking for a manager to take on a $300m (€206m) global developed markets enhanced passive equity mandate, and is conducting the search using IPE-Quest.
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Hungarian pensions face investment cull
[17:00 CEST 28-09] HUNGARY – Plans by the Hungarian government to cap investments in foreign assets have been criticised by Hungarian pension funds.
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Harrow overhauls fund manager line-up
[17:05 CEST 23-09] UK – The London Borough of Harrow has appointed four new managers to run the equity portfolio of its £300m (€333m) local government pension scheme, while its bond portfolio is being consolidated under one manager.
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Expert claims interest in alternatives is waning
[16:40 CEST 23-09] SWITZERLAND – The boom in alternatives has been broken by the financial crisis and Swiss investors are placing their money elsewhere, Michael Brandenberger of Swiss consultancy Complementa has suggested.
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NewsPNO Media makes Principal decision over GEM equity
[16:00 CEST 22-09] NETHERLANDS – PNO Media, the €2.543bn pension fund for the media, has appointed Principal Global Investors to manage a global emerging markets equity mandate.
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High yield debt defaults are at peak - Threadneedle
[16:55 CEST 17-09] GLOBAL – Asset owners looking tap high yield bond opportunities created by the credit crunch may have missed the best returns, according to asset management Threadneedle, as a predicted fall in default rates from the beginning of next year is likely to lead to a tightening of ...
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BPK scraps additional contributions
[16:15 CEST 16-09] SWITZERLAND - The CHF7.9bn (€5.2bn) Bernische Pensionskasse (BPK) has reviewed its recovery plans and will reduce its interest rate paid to members from January, just as regular contributions will rise.
