Markets – Page 170
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News
Belgian institutions to award debt, equity mandates
[16:00 CET 05-01] BELGIUM – A Belgian institutional investor is seeking managers for an equity large-cap value and a corporate debt mandate, with a combined worth of $200m (€73.5m), using IPE Quest.
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News
DNB hints at change to liability discounting
[16:45 CET 19-12] NETHERLANDS - Dutch pensions regulator De Nederlandsche Bank has hinted it might reconsider the way pension funds must calculate their liabilities.
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News
Irish listed pension deficits hit €3.5bn
[15:50 CET 19-12] IRELAND – Irish listed companies with defined benefit schemes have pensions accounting deficits worth approximately €3.5bn or 12-14% of their market capitalisation, suggests analysis conducted by Attain Consulting.
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News
Geroa tackles regulator on domestic equity
[16:35 CET 15-12] SPAIN – Geroa Pentsioak, the €712m defined contribution pension fund set up to complement the Spanish state pension scheme for the employees in Basque Country region of Gipuzkoa, is challenging its regulator for more investment freedom.
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News
Glasgow begins bonds search
[16:40 CET 12-12] UK - Officials managing the £9.24bn (€10.3bn) Strathclyde pension fund have begun the search for a bond manager who could eventually look after up to £800m.
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News
Market turmoil drives change for Ilmarinen
[17:25 CET 11-12] FINLAND - Ilmarinen Mutual, the Finnish pension fund with €23.7bn in assets under management, is making the first tactical and minor strategic changes to its investment strategy as a result of the economic turmoil.
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News
Elkarkidetza halves equity allocation
[17:20 CET 11-12] SPAIN – The Bilbao-based Elkarkidetza, the pension fund for Basque Country provincial and local government employees, has cut its equity exposure from 32% to 15% this year amid market turmoil.
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News
EC mulls short-selling ban
[16:20 CET 09-12] EUROPE – Niall Bohan, the head of the asset management unit at the European Commission (EC), today revealed the EC is reviewing short-selling and looking at possible bans on the practice, while seeking to organise stock-lending.
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News
Cornwall targets passive global equities
[17:15 CET 04-12] UK – Cornwall County Council is seeking a passive global equity manager to run a new portfolio for its £823m (€951m) pension fund.
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News
Pension funds could be key to Iceland rescue – IMF
[16:40 CET 26-11] ICELAND – The International Monetary Fund (IMF) has published a report suggesting Icelandic pension funds could be a key component in rescuing its domestic economy if they were to purchase local government bonds.
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News
Customers want equities in their pension - Danica
[16:25 CET 24-11] DENMARK – Danish pension policyholders are choosing to use retirement savings plans with a high holding in equities, despite the current economic climate, suggest figures from Danica Pension.
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News
Complex products need transparency to survive
[11:35 CET 21-11] EUROPE - The credit crisis will not signal the end of complex products but there will be a reversion by some investors to "dull and boring products", delegates at the IPE awards have been told.
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News
Returns drive Turkish demand for fixed income
TURKEY - The global finance crisis is encouraging Turkish pension savers to transfer their assets to fixed income pension funds, according to Meral Egemen, general manager of AvivaSA, the €631m joint venture between Aviva Plc and Turkey’s Sabanci group.
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News
Scandinavian scheme to invest in small cap Japan
[12:00 CET 19-11] SCANDINAVIA – An industry-wide pension fund is looking for a manager for a $30m (€24m) Japanese small-cap equities mandate, using IPE Quest.
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News
French PERCO fund seeks equity managers
[16:30 CET 18-11] FRANCE – A French corporate pension fund is looking for equity managers for a €35m global equity and a €13m European small cap equity mandate, using IPE quest.
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News
Putnam to fix 'leaky' equities bucket
[16:10 CET 18-11] GLOBAL – Boston-based fund manager Putnam Investments wants to fix its weak spot of continued outflows with a broad fund shake-up under new chief executive Robert Reynolds.
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News
Active management 'will survive crisis'
[15:30 CET 12-11] GLOBAL – The trend towards active asset management will survive the current economic crisis, says a prominent Austrian pension fund manager.
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Analysis
News analysis: Swiss schemes exposed to higher risks
SWITZERLAND - Concentration risk in Switzerland’s SPI index, the dominant domestic equity benchmark for Pensionskassen, has increased significantly over the last year as financial turmoil has wreaked havoc on two of the country’s largest listed companies.
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News
Denmark delivers 30-yr bonds for pensions
[16:10 CET 04-11] DENMARK - The Danish government and central bank have agreed to issue a long-term government bond for the amount of around DKR60bn, following demands from the Danish pension sector.
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News
Essex tenders 10% to global equity
[16:45 CET 28-10] UK – Essex County Council is searching for an asset manager to look after up to £300m (€375m) of its £3.1bn in pension fund assets via a global equity mandate.