Real Estate – Page 60
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News
Swiss pension fund eyes real estate
[16:25 CEST 03-04] IPE-QUEST – A Swiss corporate pension fund is looking for a manager with experience of investing in the real estate markets to take care of a $70m (€52m) pan-European real estate fund-of-funds mandate, using IPE-Quest.
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Publica returns -6.86%
[17:05 CET 03-03] SWITZERLAND – The CHF30bn (€20.3bn) public service pension fund Publica saw its funding level drop by over 10 percentage points to 95.8% over the last year.
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Hedge funds and private equity win in diversity push
[16:30 CET 24-02] UK – Pensions funds chose to further diversify their asset allocation strategies last year by investing more of their assets in direct hedge funds and direct private equity while reducing the search for real estate managers, suggests a review of Watson Wyatt’s manager selections.
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Government action sought on infrastructure investing
[16:50 CET 23-02] GLOBAL – Pension funds are becoming increasingly attracted to investing in infrastructure but governments should do more to encourage them, according to the latest report published by the Organisation for Economic Co-operation and Development (OECD).
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Local government pensions consider investing in schools
[15:45 CET 23-02] UK – UK local authority pension funds officials have been in discussions with a quasi-government body about the prospect of investing in the building of UK schools through private finance initiatives (PFIs).
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Expert demands state hand-outs for Pensionskassen
[16:05 CET 18-02] AUSTRIA – Austrian pension expert Johannes Rudda would like to see the federal state put money into Pensionskassen with employers being another possible source for financial aid.
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Danish Engineers sell €65m portfolio to Aberdeen
[16:30 CET 05-02] DENMARK – DIP, the DKK24bn (€3.22bn) pension fund for Danish engineers, has sold a €65m commercial property portfolio to Aberdeen Property Investors and taken a stake in its Danish fund as part of a shift in its investment strategy.
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FeaturesEdgy on equities but eager for infrastructure
In many areas Norway has carved out its own distinct path. Kjetil Houg, finance director at Oslo Pensjonsforsikring, tells Nina Röhrbein how this has helped the country’s largest local authority pension scheme to navigate the market crisis
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Progress to sell property for unlisted strategy (UPDATED)
[16:15 CET 17-01 NETHERLANDS - The Dutch pension fund of food giant Unilever, will sell its entire Dutch direct property portfolio and switch its real estate investment strategy to unlisted international real estate funds.
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News
Risk not rewarded in the medium-term
[15:00 CET 27-01] SWITZERLAND – Risk in Pensionskassen portfolios has not been rewarded over a longer period, Credit Suisse has claimed, while State Street has calculated pensionskassen saw an average 2008 return of -16.83%.
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Pension fund potential in CEE infrastructure
[15:30 CET 20-01] CEE – Local investors should take the chance to grab stable investment opportunities ino Central and Eastern Europe while many foreign investors remain wary, according to Werner Weihs-Raabl, head of group infrastructure finance and public sector at Erste Group.
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NewsNBIM picks London as real estate base
[16:20 CET 09-01] NORWAY/UK – Norges Bank Investment Management (NBIM) has increased the office space of its London branch to cope with an increase in new employees and to act as a base for the organisation's real estate investment team.
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News
UN fund eyes hedge funds, private equity
[10:15 CET 08-01] GLOBAL – The $30bn (€22.1bn) United Nations Joint Staff Pension Fund (UNJSPF) says it has approval to incorporate hedge fund of funds and private equity into its portfolio.
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News
RCM sees assets drop by 32% but stays ahead
[17:05 CET 16-12] AUSTRIA – Raiffeisen Capital Management (RCM) suffered outflows and losses of €12.2bn in the first 10 months of this year but maintained its market leadership, officials have claimed.
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Venice mulls pension money for local infrastructure
[16:30 CET 12-12] ITALY – The local government of the Veneto region in the North-East of Italy is considering using the resources of its local pension funds to finance regional infrastructure projects.
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North Yorks awards ING global property mandate
[16:55 CET 26-11] UK – North Yorkshire County Council has agreed to appoint ING Real Estate as global property manager for its £1.07bn (€1.26bn) local government pension fund.
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News
Large Dutch schemes back new infrastructure fund
[16:10 CET 13-11] NETHERLANDS - DIF, the Dutch independent fund manager specialising in infrastructure, has announced the first closure of its DIF Infrastructure II fund at approximately €200m with a series of large institutional investors.
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News
Netherlands tightens measures against property fraud
[16:45 CET 03-11] NETHERLANDS - The Dutch government is stepping up its efforts to prevent property fraud by tightening rules for notaries, surveyors and brokers.
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FeaturesDodging the sub-prime bullet
It is 10 years since PIMCO, the fixed income manager based in the US, began operations in Europe as PIMCO Europe. Since then, it has grown from an operation with a fingernail hold on the European market to one with a substantial presence in Europe. PIMCO Europe’s London headquarters, set ...
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FeaturesFinnish firms keep it cool
Finland’s pension funds remain unfazed by recent market developments although some are reassessing their asset allocation, finds Reeta Paakkinen
