Markets – Page 174
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New classification to overhaul funds
[16:35 CEST 23-06] EUROPE – The European Fund and Asset Management Association (EFAMA) has unveiled a new classification for investment fund which it hopes will cope with the growth of evolving fund strategies by categorises funds based on their underlying portfolio structure and holdings.
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Dutch fund seeks European high yield
13:45 CEST 23-06] NETHERLANDS – A Dutch pension fund has announced it is searching an active Euro high yield manager for an $80m (€52m) pan-Europe debt mandate, using IPE-Quest.
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Euro-equities hit popularity low with institutions
[16:35 CEST 19-06] GLOBAL – Stagflation fears are driving institutional investors out of equities and bonds into cash, as fund mangers globally have their most negative stance towards equities in a decade, according to investment bank Merrill Lynch.
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UK 'buy-in' specialist goes overseas (amended)
[15:20 CEST 18-06] UK – PensionsFirst, the recently-launched company which claims to completely immunise defined benefit (DB) schemes from risk, is now planning the launch of two separate offices in the US and Japan.
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Eurizon holds onto Italian pension mandates
[12"15 CEST 17-06] ITALY - Eurizon Capital, the asset management business of Intesa Sanpaolo, has secured another mandate from an existing blue-chip clients to manage the Eurofer railway workers' scheme, at the same time as holding on the fixed-income portfolio it runs for Fonchim, the Italian chemical workers' pension scheme.
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Rights issue protagonist quits UBS
[16:50 CEST 16-06] SWITZERLAND – Swiss pension fund Profond has sold its shares in Swiss bank UBS citing “mistrust” in the new management, just months after arguing smaller shareholders should be allowed to invest in the firm.
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Merseyside tenders European equities mandate
[16:20 CEST 16-06] UK – The £4.3bn (€5.5bn) Merseyside Pension Scheme is seeking an European equity manager to run a portfolio valued at approximately £135m.
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Fonchim expands manager base on asset growth
[11:00 CEST 16-06] ITALY - Fonchim, the Italian chemical workers' pension scheme with more than €1.9bn under management, is looking for new managers for around €550m of assets.
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Recession and collapsing banks are good – Faber
[16:15 CEST 13-06] GLOBAL – Swiss-born investment manager Marc Faber believes the recent turbulence of the capital market are a healthy lesson in teaching investors to be more careful when choosing their investments.
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Hertfordshire extends global equity portfolio
[14:00 CEST 12-06] UK – Hertfordshire County Council pension fund has appointed three new global equity investment managers on a £9.4m (€11.9m) contract, which includes a replacement for Capital International.
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IPE-Quest: Scandinavian investor goes Latin American
[16:00 CEST 10-06] SCANDINAVIA – A Scandinavian institutional investor is looking for managers for a $50m (€35m) Latin America all/large-cap core equity portfolio, using IPE Quest.
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Shareholder bodies merge activism power
[16:00 CEST 09-06] NETHERLANDS – Dutch shareholders associations VEB and NCVB have announced plans to merge operations and operate under the name VEB NCVB.
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Danish pension fund pursues quest for equity
[16:55 CEST 06-06] DENMARK – A Danish corporate pension fund is searching for an active investment manager to handle a $70m (€50m) All-Cap Value global equity mandate, using IPE Quest.
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Devon seeks managers after Capital sacking
[15:30 CEST 03-06] UK – Devon County Council has sacked Capital International as one of the asset managers to its £2.19bn (€2.76bn) pension fund and is now searching for new managers to look after three global fixed income and equity mandates.
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Norway’s oil fund stockpiles European equity
[16:40 CEST 02-06] NORWAY – The NOK1.947trn (€245bn) Norwegian Government Pension Fund – Global has confirmed it is close to owning more than 1% of the entire European stock market.
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ESG push sees AP7 withdraw weapons
[16:15 CEST 02-06] SWEDEN – AP7, the Swedish pension fund buffer, is selling its equity stake in 10 companies producing cluster bombs and nuclear weapons, as part of its environmental, social and governance (ESG) negative screening policy.
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Danske Capital is on equity lookout
[15:50 CEST 30-05] DENMARK – Danske Capital is conducting a search for a global value equity manager for a $200m (€129m) mandate, using IPE Quest.
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ERAFP shifts away from bonds
[14:30 CEST 28-05] FRANCE – The €4.8bn French civil service supplementary pension scheme ERAFP is looking for asset managers to take on €1.2bn in international equities and euro-denominated fixed income mandates.
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Merseyside seeks UK 130/30 managers
[16:55 CEST 21-05] UK – Wirral Borough Council is seeking managers to run up to five unconstrained UK equity portfolios, including 130/30 funds, for the £4.3bn (€5.36bn) Merseyside Pension Fund.
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IPE-Quest: German fund seeks convertible bonds
[16:15 CEST 21-05] GERMANY – A German pension fund is looking for managers for a €50m European convertible bonds mandate, using IPE-Quest.