Markets – Page 172
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News
€2.2bn Ahold fund fishes for private equity beyond Europe
[16:15 CEST 11-09] NETHERLANDS – The €2.2bn pension fund of giant Dutch food retailer Ahold has extended its private equity investments with a €140m fund of funds mandate to be managed by Credit Suisse.
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Environment Agency's SRI drive boosted by equity awards
[16:00 CEST 08-09] UK – The Environment Agency's £1.5bn (€1.9bn) Active Pension Fund has awarded three new global equities mandates following the termination of contracts by State Street Global Advisors (SSGA) and Capital International.
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NewsAP1 pursues US small caps managers
[14:45 CEST 08-09] SWEDEN - Första AP-fonden (AP1), the first Swedish national pension fund, is seeking both passive and active US small cap equity managers for a total portfolio valued at $500m (€351.7m).
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Swiss investor to award €70m equity mandate
[16:50 CEST 04-09] SWITZERLAND - A Swiss institutional investor is looking for managers for a $100m (€70m) Canadian equity all-cap value mandate, using IPE Quest.
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Greek dividends and investments face 10% tax
[16:00 CEST 01-09] CEST GREECE – The Greek government has announced plans to impose a 10% tax on dividends and a similar capital gains tax (CGT) from the start of 2009, but it’s a move which will also catch both local and foreign domiciled pension funds.
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ABP extends microfinance commitments
[16:00 CEST 28-08] NETHERLANDS – ABP, Europe’s second-largest pension fund by value, has stepped up its position in microfinance investing, and asked Swiss asset manager BlueOrchard to manage a further €50m.
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NPRF awards €600m emerging market mandate
[14:00 CEST 28-08] IRELAND – The National Treasury Management Agency (NTMA) has appointed three managers to run emerging market mandates for the National Pension Reserve Fund (NPRF).
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Danish pension fund pursues high alpha strategy
DENMARK – A Danish industry-wide pension fund is looking to place €50m of its assets under a high alpha European equities strategy, and is looking for a manager to handle it, via IPE Quest.
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German pension fund reviews equities
[15:15 CEST 22-08] GERMANY – A German corporate pension fund is looking to hire asset managers to look after two US and Japanese equity mandates, using IPE Quest.
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Cambridgeshire signs CAAM to equity portfolio
[16:00 CEST 21-08] UK – Cambridgeshire County Council has edged one step closed to completing the reallocation of its pension fund’s equity portfolio and appointed Crédit Agricole Asset Management (CAAM) to manage a £160m European equities mandate.
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Demands on rating agencies 'to hit pension funds'
[17:00 CEST 20-08] GLOBAL - Aon Consulting has alleged proposed regulatory demands on rating agencies could severely raise the risk of a large number of downgradings and impact pension funds as a result.
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BBC's DB scheme to increase alternatives
[16:50 CEST 20-08] UK – Trustees of the £8.1bn (€10.2bn) BBC Pension Scheme have revealed they are looking at increasing commitments to alternative assets, following new allocations into debt, currency and private equity funds in 2007.
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PGGM taps into CLO market
[16:25 CEST 20-08] GLOBAL – PGGM, the asset manager to the Netherlands healthcare pension fund PFZW, has extended its structured credit investment strategy and signed to a $2.5bn (€3.2bn) trade finance agreement with Standard Chartered Bank (SCB) on some of its loans business.
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NILGOSC adopts unconstrained equity mandates
[16:50 CEST 19-08] UK – The Northern Ireland Local Government Officers Superannuation Committee (NILGOSC) has awarded four new unconstrained equity mandates, which includes the appointment of two new managers.
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£32bn wiped from DB schemes in July - PPF
[16:55 CEST 11-08] UK – The total funding position of almost 7,800 defined benefit (DB) pension schemes was reduced by over £32bn (€41bn) in July, according to the Pension Protection Fund (PPF).
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Allianz increases inflows with help of bonds
[16:40 CEST 07-08] EUROPE – German financial group Allianz managed to grow its net inflows in the asset management business to €33bn in the first half of 2008.
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£864m Devonport scheme taps BlueBay
[14:45 CEST 06-08] UK – The £864m (€1.1bn) pension scheme of ship repair company Devonport Royal Dockyard, now part of the Babcock group, has appointed BlueBay to manage a corporate bond mandate.
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Welsh fund taps Newton for global equities
[16:40 CEST 05-08] UK – Rhondda Cynon Taff County Council has awarded Newton Investment Management a £221m (€278m) active global equity mandate.
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NewsPPF tenders £100m global equity portfolio
[16:35 CEST 04-08] UK – The Pension Protection Fund (PPF) is seeking a new global equities manager to run a portfolio expected to reach £100m (€126m) in the first year of the contract.
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NewsPension funds 'to trigger corporate CEE bonds'
[15:30 CEST 04-08] CEE – The growth of funded second pillar systems in Central and Eastern Europe will lead to more and more corporates in the region issuing bonds, analysts from the Austrian Erste Bank group have predicted.
