Returns – Page 180
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Equity, real estate boost Dutch medics
NETHERLANDS – Equity and real estate were the main drivers behind above-benchmark returns at the €4.7bn scheme for Dutch medical consultants, Stichting Pensioenfonds Medisch Specialisten.
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Equity and real estate drive Stork’s returns
NETHERLANDS - With returns of 29.3% and 29.1% respectively, equity and real estate were the main drivers behind a 14.7% annual return last year at the €2.9bn pension fund of industrial group Stork.
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€4.7bn MNOPF gradually migrating to bonds
UK – The £3.2bn (€4.7bn) industry-wide Merchant Navy Officers Pension Fund, which is currently in the middle of its triennial valuation, is looking to gradually shift from equities to bonds.
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Dutch funds return 14.8% - WM
NETHERLANDS – Dutch pension funds returned 14.8% in 2005, according to results from WM Performance Services’ Universe of Dutch Pension Funds.
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€10bn German public scheme VBL streamlines
GERMANY – The Versorgungsanstalt des Bundes und der Länder, a €10bn pension fund for public sector employees, plans to streamline its operations to boost efficiency.
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ABP explains global real estate strategy
REAL ESTATE – Stichting Pensioenfonds ABP, the €200bn Dutch civil Service scheme, has decided not to invest in Russian real estate but is currently enacting deals in Mexico and Brazil (This story first appeared on www.iperealestate.com.)
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Aargauische Pensionskasse returns 13%
SWITZERLAND – Aargauische Pensionskasse (APK), a €3.2bn pension fund for Swiss civil servants, says a strong performance by its equity and commodities investments helped it achieve a 13% return on assets in 2005 – its best ever.
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ABP grows by €8.6bn to €186.9bn
NETHERLANDS – Stichting Pensioenfonds ABP, Europe’s largest pension fund, got even bigger in the third quarter – growing by €8.6bn to €186.9bn with a 4.6% investment return.
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‘No reason to celebrate’ for Swiss funds
SWITZERLAND – Despite a more than 6% return in the first half, Swiss pension funds have no reason to celebrate due to low bond yields, says the Swiss pension fund association ASIP.
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ABP hit by low interest rates
NETHERLANDS - Stichting Pensioenfonds ABP, Europe's largest pension fund, says its financial position "deteriorated" in the second quarter due to low interest rates.
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ABP rejigs investment process in drive for alpha
NETHERLANDS - Europe’s largest pension fund ABP has restructured completely how it goes about managing its assets. The E170bn fund has switched to being predominately in-house managed and is 100% on an active basis dedicated to producing alpha.
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ABP sees 4-5% return in 2005 amid bond shakeout
NETHERLANDS – Stichting Pensioenfonds ABP, Europe’s biggest pension fund, expects the return on its 160 billion-euro portfolio over 2005 to come in at between four and five percent.
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ABP and PME report third-quarter returns
NETHERLANDS – Some of the largest pension funds in the Netherlands have reported third-quarter investment returns.
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Luxembourg may face “vicious circle” on pensions
LUXEMBOURG – Luxembourg’s pension system, although well developed, is vulnerable and may be facing a “vicious circle”, a new report says.
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ABP and PGGM upbeat but Staatsen looms
NETHERLANDS – ABP and PGGM, the two largest Dutch pension funds, have posted positive returns – though the potential costs of the Staatsen review could run into billions of euros.
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ABP boosts State Street alliance with E79m
NETHERLANDS – The Dutch civil service pension fund ABP has given a boost to its tie with State Street with the award of 100 million dollars (79.5 million euros) to State Street Global Alliance member Advanced Investment Partners.
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20% of Swiss schemes underfunded
One in five pension funds in the Swiss second pillar were underfunded in 2002, according to figures from the Swiss government.
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ABP returns 1.8%, coverage ratio static at 104%
NETHERLANDS – Stichting Pensioenfonds ABP, the Dutch civil service pension fund, has announced a 1.8% return in the third quarter, and says it is pursuing “a cautious path to recovery”.
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Luxembourg may outsource national pension fund
LUXEMBOURG – Luxembourg intends to modify the running of its national pension reserve fund, which could result in management of the four billion-euro fund being put out to tender next year.