Markets – Page 176
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News
ETFs can be cheaper than niche indices – dbx
[16:50 CET 11-03] EUROPE – Pension funds should not consider exchange-traded funds (ETFs) to be expensive compared with index-tracking because access to exposure to emerging markets investments, in particular, can be cheaper than dealing direct, according to DB X-Trackers.
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NewsIPE-QUEST: global commodities mandate
[13:10 CET 07-03] EUROPE – A continental European pension fund is looking for managers for a $50m (€32.6m) global commodities mandate, using IPE Quest.
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AMF Pension condemns Scania deal
[12:00 CET 06-03] SWEDEN – Sweden’s largest fund company AMF Pension has contacted fellow small shareholders to demand a review of Swedish takeover rules.
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Lambeth considers ETFs
[13:00 CET 29-02] UK – The £750m (€979m) London Borough of Lambeth pension fund is looking at the option of investing in so called exchange-traded funds (ETFs), IPE has learnt.
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University of Leeds reviews equity managers
[15:00 CET 28-02] UK – The University of Leeds is seeking active UK and overseas equity managers to run a five-year mandate for its Pension and Assurance Scheme (PAS).
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Danish fund offers bond mandate
[15:15 CET 27-02] DENMARK – Nykredit Portfolio Administration is looking for a manager for an inflation- linked government bonds global developed markets mandate, on behalf of a Danish pension fund, and using IPE Quest.
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GKN swaps Watson Wyatt for Dutch Cardano
[15:00 CET 27-02] UK – The £2bn (€2.64bn) GKN Group Pension Scheme has tapped Dutch consultant Cardano to manage a £300m discrete portfolio of active equity investments, previously held by Watson Wyatt.
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ASIP finds median performance at 1.8%
[12:15 CET 26-02] SWITZERLAND – The Swiss pension fund association ASIP calculated a median performance of 1.8% with emerging markets equity and real estate contributing most positively.
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Credit Suisse suspends traders after debt 'mismarking'
[16:15 CET 19-02] SWITZERLAND – Credit Cuisse Group has suspended traders responsible for some of its structured credit facility after the firm discovered positions were overpriced to the tune of $2.85bn (€1.93bn).
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Credit crunch cost $3-4trn – JP Morgan
[14:30 CET 18-02] GLOBAL – JP Morgan officials say investment market turbulence sparked by the US subprime housing crisis may already have cost in excess of $3trn (€2.04trn) in lost credit and warn there could be more to come under tightened credit pricing.
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Germans depart from equities and bonds in 2007
[13:30 CET 18-02] GERMANY – The German association of investment and asset management said Germany’s investment management businesses grew by €60bn to €1.7trn in 2007, despite outflows from equity and bond funds.
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NewsSomerset drops F&C as fixed interest manager
[14:00 CET 15-02] UK – Somerset County Council Pension Fund is looking for a new active fixed interest manager to replace F&C Asset Management.
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Estonia mulls raising equity cap to 70%
ESTONIA – The Estonian ministry of finance is looking at drafting new legislation to allow pension funds to increase their equity investments from 50% to 70%, IPE has learnt.
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Exotic beta is the new alpha
[13:00 CET 11-02] GLOBAL – The quest for alpha is increasingly being replaced by a search for exotic beta as pension funds are losing faith in managers' abilities to really outperform markets.
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AP4 seeks 'standard' framework for passive global equities
[15:00 CET 04-02] SWEDEN – The fourth Swedish buffer fund, Fjärde AP-Fonden (AP4), has issued a tender for a passive global equities mandate valued at around €3bn.
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Football fund fed up with spoil sports
[14:30 CET 01-02] NETHERLANDS – CFK, the €560m pension fund for Dutch professional footballers, is in talks with the regulator to implement an investment maximum to avert further scrutiny from members.
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AP1 taps Axa for equities
[15:30 CET 30-01] SWEDEN – Sweden’s largest buffer fund, AP1 has tapped Axa Rosenberg Investment Management for an $200m Japan broad market equities mandate.
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Funds’ quest for Canadian equity and commodities
[15:00 CET 29-01] EUROPE – Two European pension funds have said they are looking for equity large cap core Canada managers and commodities, using IPE Quest.
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UBS and Schroders sacked for poor performance
[13:00 CET 29-01] UK – Cambridgeshire County Council’s pension fund has dropped Schroders and UBS for underperformance and is now seeking new equity managers to look after half of its assets.
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NewsSpecialist climate change fund unveiled
[16:45 CET 25-01] EUROPE – A fund has been launched which allows institutional investors and pension funds to invest specifically in companies focused on climate change.
