Real Estate – Page 116
-
News
Cross-border property investing on the rise
GERMANY - Cross-border investing in property by institutions is becoming more popular and investors should be looking at forming a regional rather than a domestic strategy – that’s the message from the IPD property conference in Wiesbaden.
-
News
Merrill Lynch Investment Managers settles pension case
UK – Merrill Lynch Investment Managers has settled a legal dispute with the 2.1 billion pound (2.9 billion euro) pension scheme of the Co-operative Group.
-
News
New European property investment body to launch
EUROPE – A new pan-European body for investors in non-listed real estate is to launch next week which hopes to tackle the issues arising in the growing market.
-
News
UK’s Greenwich Council awards five mandates
UK – Greenwich Council’s 450 million pound pension fund has dished out five new mandates following a change of strategy, and a loss for Schroders Investment Management.
-
News
Schroders in European property push
EUROPE – Schroders Property Investment Management is making a push into Europe, joining two European property associations, and adding one member to its team.
-
News
Irish reserve fund to move into new asset classes
IRELAND - The commissioners responsible for the investment strategy of Ireland’s eight billion euro National Reserve Pension Fund have decided about exposure to additional asset classes apart from equities and bonds.
-
News
LGIM wins E394m Highland Council mandate
UK – The Scottish Highland Council pension fund has moved 272 million pounds (394.6 million euros) formerly managed by Rothschild Asset Management to Legal & General Investment Management following the acquisition of Rothschild AM by HBOS’s fund management arm, Insight Investment Management.
-
News
Strathclyde in E1.52bn bond, equity tender
UK – The five billion pound Strathclyde pension fund has put out two tenders of up to 1.05 billion pounds (1.52 billion euros) following an asset liability study.
-
News
UK’s BoS restructures e1.73bn pension fund
UK – Edinburgh Fund Managers and Baring Asset Management have lost their mandates for the Bank of Scotland’s 1.2 billion pound (1.73 billion euro) pension scheme as a result of a complete restructuring of the fund.
-
News
E1.13bn Dundee taps Goldman, Alliance Bernstein
UK – The Dundee City Tayside Superannuation fund has appointed Goldman Sachs Asset Management and Alliance Bernstein for its 775 million pound (1.13 billion euro) fund.
-
News
Hackney appoints specialists for e509m scheme
UK – The London Borough of Hackney pension fund has announced the appointment of a series of specialist managers for its 350 million pound (509 million euro) scheme.
-
News
UK managed assets total e2.8trn - IMA
UK – Assets managed in the UK as of end of June 2002 were 1.93 trillion pounds (2.8 trillion euros) according to the latest fund manager survey by the Investment Management Association.
-
News
CSAM names DiMaio as head of alternatives
GLOBAL – Credit Suisse has named Jack DiMaio as chief executive of alternative investments at its Credit Suisse Asset Management division.
-
News
PGGM sees cross-border opportunities of directive
NETHERLANDS - The chief economist at Europe's second largest pension fund, the 47 billion euro Dutch health and social service PGGM, says the European Pension Fund Directive has opened up "irresistible" opportunities for all European pension players.
-
News
E1.2bn TNO fund appoints enhanced index manager
NETHERLANDS - The Rijswijk-based e1.2bn TNO pension fund for workers in the Dutch public/private sector for research and statistics, has awarded State Street Global Advisors an enhanced index mandate worth around e100m over the next couple of years.
-
News
Finnish fund tenders for Asia Pac equity managers
FINLAND – The e12bn local government pensions institution responsible for pension cover of Finnish municipal employees has put out to tender an Asia Pacific ex Japan equities mandate worth up to e200m.
-
News
Finland’s Ilmarinen taps Aberdeen for property
FINLAND – Finnish pension insurer Ilmarinen has appointed Aberdeen Property Investors to manage an international indirect investment property portfolio.
-
News
Dutch TNO awards e30m real estate mandate
NETHERLANDS – Dutch pension fund investment manager MN Services has been appointed to run a 30 million euro international real estate mandate for the 1.2 billion euro TNO pension fund.
-
News
London exchange chief slams tax on pension funds
UK – Chancellor Gordon Brown’s five billion pound (7.3 billion euro) tax on dividend income paid by pension funds has been described as a threat to the position of the City of London – the UK’s financial heartland - by London Stock Exchange chief executive Clara Furse.
-
News
ING sees AM contribution to profits halved
NETHERLANDS - Assets under management at the giant Dutch financial services ING Group dropped by 12.5% in 2001to 449 euro billions with assets managed for institutional clients falling by 21.1%. The asset management share of group operating profits amounted to 283 euro millions declined from 10% to 5% in 2002. ...
