Markets – Page 186
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Greek pension reform 'urgent' - OECD
[13:16 CEST 31/05] GREECE – Pension expenditure is set to grow to one-fifth of Greece's GDP by 2050, the OECD warns.
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Artists' funds choose Schroders
NETHERLANDS – Kunst & Cultuur, the life insurer managing the €400m assets of the five Dutch art and cultural pension funds, has tapped Schroders for an €82m equity mandate.
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JPMorgan offers Greek pension funds pay-back
[17:00 CEST] GREECE – JPMorgan has signed an agreement with London-based hedge fund North Asset Management to repurchase €280m in structured bonds sold to Greek investors.
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Dutch schemes unfazed by high yield worries
[10:58 CEST 24/05] NETHERLANDS - Dutch pension funds aren’t worried yet about gloomy predictions on the future of high yield corporate fixed income investments, they have made clear.
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Horeca sacks disappointing F&C
[16:48 CEST 23/05] NETHERLANDS – Horeca, the €2.7bn industry-wide fund for the Dutch hotel and catering sector, has replaced F&C on two mandates because the asset manager’s performance did “not meet expectations”.
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United Norwest seeks multi-asset returns via Barings
[12:56 CEST 23/05] UK- The United Norwest Co-operatives Employees’ Pension Fund has handed Baring Asset Management a mandate to manage £23m through its Extended Risk Fund.
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Leicestershire chooses hedge funds manager
[11:00 CEST 23/05] UK – The £1.9bn (€2.8bn) Leicestershire County Council pension fund found a manager for a £105m targeted return mandate.
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IPE-QUEST: Up to €74m for European equity
[13:15 CEST 21/05] GERMANY – A German corporate pension fund is looking for a manager for a $50-100m (to €74m) European equity mandate using IPE-QUEST.
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Employee power "creates pension fund conflict"
[16:52 CEST 18/05] SWEDEN – The governance structure of institutions potentially causes a conflict of interest between pensioners and active employees, says Peter Lindblad, managing director of Stockholm-based FPG-AMFK Pensionsgaranti.
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Eureko sale latest blow for F&C
[13:07 CEST 18/05] NETHERLANDS/UK – Dutch insurance giant Eureko is selling some of its shares in F&C Asset Management to finance a push into Central Europe and Turkey, the company has announced.
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Bedfordshire awards £125m mandate
[10:55 CEST 17/05] UK – The £1.07bn (€1.56bn) Bedfordshire County Council pension fund has found a manager for an additional passive equities mandate.
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Replace SRI with sustainable approach - Watson Wyatt
[16:45 CEST 15/05] UK – Pension fund managers may be able to meet their fiduciary duty and engage with companies on environmental, social and corporate governance (ESG) issues if they opt for sustainable investment strategies, suggests Watson Wyatt.
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Belgian funds seeks global equity managers
[17:04 CEST 11/05] BELGIUM – Pensioenfonds UZ Gent VZW, the pension fund for employees of the university hospital in Ghent, is looking for two investment managers for a €58m global equity portfolio.
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DekaBank opens Vienna office
[17:02 CEST 11/05] AUSTRIA – German asset manager DekaBank is opening an office in Vienna targeting pension funds in Austria and Eastern Europe.
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Schroders loses balanced LGPS mandate
[17:20 CEST] UK – The £640m (€935m) London Borough of Tower Hamlets Pension Fund has replaced Schroders on a balanced mandate with two specialist managers.
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DaimlerChrysler plans equities shift
[11:53 CEST] GERMANY – The €8.9bn DaimlerChrysler pension scheme is planning to invest €680m in German large cap equities this summer and has hired a consultant to select the appropriate manager.
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Currency overlay ‘flavour of the month’ at Lincolnshire
UK – The £1.1bn (€1.6bn) Lincolnshire County Council Pension Fund is seeking a currency overlay manager for a new £180m mandate.
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Edinburgh re-appoints State Street
UK – Edinburgh Council has renewed State Street Global Advisors' contract for a £113m (€180m) Scottish Homes pension fund mandate.
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Ealing completes manager review
UK – The London Borough of Ealing's £557m (€816.7m) pension fund has replaced UBS and Fidelity with three new managers.
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AP7 in major portfolio overhaul
SWEDEN – In a major revamp of its portfolio the SEK80bn (€8.8bn) Swedish buffer fund AP7, Sjunde AP-fonden, shows more appetite for risk but not for hedge funds.
