Returns – Page 13
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News
Ilmarinen trumps Varma in Q1, with stronger listed equity performance
Ilmarinen regains its place as largest Finnish pensions insurer
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News
Finland’s Elo, Veritas post 1.6% Q1 returns despite difficult March
Solvency levels at pension insurance companies fail to strengthen between January and March
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News
PMT to reduce private equity exposure
The Dutch pension fund for the metals industry aims to halve its exposure to the asset class to €4bn
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News
Credit Suisse Asset Management sees CHF11.6bn outflows in Q1
Net revenues in the bank’s asset management division decreased 45% quarter-on-quarter in Q1 to CHF187m
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News
Norway’s SWF balloons as forex effects, oil revenue outpace returns
NBIM reports 5.9% investment return for Q1 as equities gain 7.4% – but unlisted assets languish
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News
Switzerland roundup: Ethos slams Nestlé for lack of transparency
Plus: Swiss canton of Vaud scheme, Compenswiss post negative results; Swiss cabinet consults on supervisory reform
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News
Bank losses knock third off Alecta’s return in Q1, figures reveal
Troubled Swedish pensions giant tells IPE controversial US investments cost solvency three percentage points
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News
Alecta makes positive return in Q1 despite US bank losses
Financial position deteriorated between January and March but still good, says troubled Swedish pensions firm
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News
Private equity hesitant to adjust to high interest rate reality
The 2022 returns on private equity investments reported by pension funds contrast sharply with double-digit losses on listed equity portfolios
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News
Banking sector crisis increases UK scheme deficits in March, says Broadstone
Fully hedged schemes outperform half-hedged schemes for the first time since interest rates started to rise significantly last year
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News
Alecta fires Magnus Billing, but says investments were within mandate
Losses on US niche banks have “seriously damaged confidence in Alecta’s asset management”, says Swedish pension giant’s board
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News
Spanish pension funds mirror global market falls with 8.8% loss for 2022
Alternative, especially private markets, continue to grow in importance
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News
DACH roundup: Austrian provident funds see boost in AUM
Plus: Lurse takes over HDI pension division; EthiFinance buys imug rating
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Opinion Pieces
Viewpoint: Recent stock story is two steps forward, one step back
Consider everything investors have been through in recent years: a global pandemic, rapid inflation, war in Europe, volatile markets, and, in recent weeks, reminders of weaknesses in parts of the global banking system. It’s reasonable to feel uneasy in the face of so much uncertainty. Now imagine it’s the end ...
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News
Sweden should probe ditching AP funds’ mandatory forex hedging, says report
McKinsey says legal requirements on currency exposure had major impact on 2022 return
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News
Emergency rules trigger AT1 bonds write down in UBS/Credit Suisse deal
Pension funds holding AT1 bonds, also referred to as CoCo bonds, can suffer losses as a consequence of the decision taken by FINMA
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News
Dutch pension funds return -23% on average in 2022
The company pension fund of beer brewer Heineken did best, limiting losses on its investments to 9.3%
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News
Asset owners target top management performance at AGMs
Decisions on ESG and executive pay are also top priorities
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News
Pension schemes bump insurers down as top investors in German Spezialfonds
Spezialfonds managed pension scheme assets totalling €530.4bn at the end of December last year, equivalent to a market share of almost 28%
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News
Swedish watchdog grills Alecta, others as US bank losses pile up
NBIM ‘closely monitoring the situation in the market’ after €281m exposure to collapsed banks