Markets – Page 228
-
News
French reserve fund allocates final E1.88bn
FRANCE – The 16 billion-euro French reserve fund, the Fonds de réserve pour les retraites, has allocated its final 1.88 billion euros in assets to managers in four lots.
-
News
FIAP hails role of individual pension systems
GLOBAL - FIAP, the International Federation of Pension Funds Administrators, has hailed the individual capitalization system of pensions that was pioneered by Chile as making a “decisive contribution” to the pensions problem.
-
News
Germany: Sihler’s DeAM bond team joins UBS
GERMANY – Joerg Sihler, head of fixed income at Deutsche Asset Management in Frankfurt, and his team have moved to UBS Global Asset Management.
-
News
UK coal scheme aligns with BTPS on governance
UK – The 10 billion-pound (14.9 billion-euro) British Coal Staff Superannuation Scheme has aligned with the BT Pension Scheme on governance issues, with an outsourcing deal with Hermes.
-
News
UK pension funds’ new investments fall E9.9bn
UK – New investments by UK pension funds fell by 4.6 billion pounds (6.9 billion euros) in the first quarter of 2004, according to the statistics office.
-
News
PGGM gives Aegon its largest-ever win with €1bn
NETHERLANDS – The €55bn PGGM pension fund has given Aegon The Netherlands a €1bn mandate for European government bonds, its largest-ever win and a sign of a change within the investment management style of large pension funds.
-
News
Fortis swoops on Barings' small caps team
UK- Fortis Investments has hired a team of four European Small Caps investment managers from ING’s subsidiary Baring Asset Management, as it seeks expertise in the class that it says will “thrive”.
-
News
SEB to buy Denmark's Codan for about €400m
DENMARK – Swedish financial services provider SEB has announced the planned acquisition of Denmark’s fourth largest life and pensions company, Codan, for an estimated €400m.
-
News
BGI recruits Stan Beckers for active equities
UK - Barclays Global Investors (BGI) has appointed Stan Beckers to the new position of senior investment strategist within its £30bn (€44.8 bn) European active equity business.
-
News
Italy's Previndai fund to restructure and offer mandates
ITALY- The €2bn pension fund of industrial managers, Fondo Pensione Previndai, is to create two portfolios run by five external equity and bond fund managers as an alternative to its insurance contracts.
-
News
CalPERS earns $98.4m (€81.2m) from stock lending
US – CalPERS has earned $98.4m (€81.2m) from lending out about two-thirds of its securities in one year and is moving further into enhanced index strategies and away from index funds and active managers.
-
News
Priamo fund to grant three mandates
ITALY - The Italian pension fund for public transport workers, Fondo Pensione Priamo, has put out its first request for tender of three managers to run its entire portfolio.
-
News
Fortis fights to keep final salary pension fund open
BELGIUM – Fortis Bank is increasing employee contributions to its final salary pension schemes and cutting the weighting in equities rather than moving to an average-salary or closing to new members, despite a near doubling in costs in two years.
-
News
China welfare fund to grant second lot of mandates
GLOBAL – European fund managers are eyeing the second tranche of mandates worth a fifth of the 132.5 billion yuan (13.2 billion euro) China National Social Security pension fund to be announced later this year.
-
News
Lothian cuts UK equities weighting and Putnam
UK - The £1.9bn (€2.9bn) Lothian Pension Scheme has cut its UK equities weighting by 16.9 percentage points, about £320m, in its main fund, in a further sign of a shift of defined benefits schemes away from the asset class, which WM Company predicted would lead to a £174bn shift ...
-
News
UK Pension funds see net outflow last year
UK - New money available for investment by UK pension funds was less than money paid out in benefits for the second successive year, according to the WM Company, an Edinburgh-based performance evaluation company.
-
News
Merrills says fund managers are obsessed with inflation
GLOBAL - Fund managers’ concerns about high global inflation driven by commodities and wages “ are verging on the obsessive,” according to David Bowers Merrill Lynch’s chief global and European equity strategist.
-
News
Sweden's AP1 hires head of external management
SWEDEN- The 140 billion crowns (15.2 billion euros) buffer fund AP Foersta Fonden, the First Swedish National Pension Fund, has appointed SEB Asset Management’s Rikard Kjoerling to the new position of head of external management.
-
News
BA funds to mull opening to external funds
UK - The £9bn (€13.6bn) internally-managed British Airways pension schemes are considering whether to open to third parties, and Hermes Pensions Management has said it would look at investing in them if this happened.
-
News
Petroleum Fund chief explains pay structure
NORWAY – The head of the 915.3 billion-crown (110 billion-euro) Petroleum Fund has outlined how the scheme’s employees who manage investment mandates are compensated – and signalled a move to more external managers.
