Pension Fund Strategy – Page 8
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Asset Class ReportsDenmark’s Lærernes ups its appetite for private credit risk
Lærernes Pension (LP), the pension fund for teachers in Denmark, started investing in private credit in 2018, in small amounts. In 2021 it made a more sizeable strategic allocation to the asset class.
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NewsSwiss occupational scheme tenders up to CHF1.2bn in bond mandates
The searches are for emerging market debt and US high yield bonds, considering both active and passive options
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NewsPFA hails 27% gain on domestic equity portfolio, cites stock picking
Danish pensions heavyweight describes its level of home bias as ‘strong’
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NewsRolls-Royce & Bentley Pension Fund inks £880m buy-in
The buy-in included novation of the scheme’s existing longevity swap with Standard Life
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NewsHöchster Pensionskasse VVaG targets direct bond investments, avoids real estate
The pension fund expects real estate valuations to fall in 2024, which could impact dividends from indirect real estate investments
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NewsNestlé pension fund launches new investment strategy
Under the new strategy, the scheme is reducing its exposure to real estate by 2 percentage points, while increasing its allocation to parallel bonds and listed equities
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InterviewsPMT refines ESG exclusion method
The Dutch metals industry scheme will also take into consideration what companies do to fight climate change and how they treat workers
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NewsDutch company schemes ditch active investing
HAL and Provisum have concluded the additional costs of active investing in equities do not outweigh the benefits
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NewsNorway domestic SWF recommends 3% annual withdrawals
Folketrygdfondet defines a level of withdrawal which would allow the NOK365bn GPFN to retain its real-terms value
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NewsSwedish church pension fund defends real estate surge, after FSA fine
Kykans Pension’s CEO says it doubled its holding in Stenvalvet — in the face of an SBB takeover attempt - purely to protect scheme members’ interests
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NewsCredit Suisse Pensionskasse reviews strategic investment guidelines
The fund’s bonds allocation was increased, and the duration was extended
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NewsATP takes stake in major Danish defence firm Terma
Statutory pensions giant sees deal also as important contribution to defence at time of international instability
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NewsKent scheme plans changes to emerging markets, private equity portfolios
Consultant Mercer advised a 50% split of EM equities between Columbia Threadneedle and Robeco, and an increase to PE by allocating $160m to HarbourVest
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NewsNest Sammelstiftung freezes threshold for private markets allocation
‘The performance was not good compared to listed stock markets due to illiquidity,’ the scheme’s CIO says regarding its private markets portfolio
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NewsPFZW reports underperformance of SDG investments
Management fees for the Dutch healthcare scheme’s actively managed SDG equity mandate are also significantly higher
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NewsAvon Pension Fund backs small caps as outperformance expected
Small caps will outperform S&P in the next 20 years, according to head of pensions at the Avon scheme
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NewsFondo Espero rejigs mandates to classify sub-funds under SFDR article 8
The scheme has screened its portfolios through a ‘Portfolio ESG Assessment’
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NewsGerman doctors’ scheme expects boost to NAV of private markets allocations
NAEV will keep fixed income allocations at a stable level, cutting down on listed equites in favour of private equity
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NewsING pension fund’s ESG support claim is misleading, say members
While the pension fund’s board claims broad support for ESG investing among members, only 38% is prepared to accept lower returns in exchange for more sustainable investments
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NewsBayer on track to adjusting pension plans for employees
The company plans to decouple the basic pension provided by the Rheinische Pensionskasse and the direct promise (Direktzusage) arrangement
