Returns – Page 4
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PFZW 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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PGGM offloads small pension fund clients
GP fund Huisartsen is by far the largest remaining client, with €1.5bn still invested with PGGM
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German 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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Spezialfonds record ‘remarkably poor’ net inflows from German pension funds
Net inflows of pension institutions into Spezialfonds amounted to €525m in Q1 2024, and €674m for insurance companies
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BVV invests €2.5bn in high investment grade bonds to strengthen portfolio
While its allocation to illiquid investments remained unchanged in 2023, the fund’s exposure to equities was cut
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Investors brush off Swiss equity market concentration risk
Questions emerged as UBS Fund Management expands its equity holdings following the merger with Credit Suisse fund company
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Laborfonds invests €80m adding four alternative investment funds
The scheme’s ‘Linea Bilanciata’ sub-fund returned 6.57% net on assets invested
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Dutch construction sector scheme halves emerging market equity exposure
Beijing’s ‘excessive control’ on management of large companies has increased investment risk in emerging markets and depressed share prices in China, says BpfBouw
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Alternatives exposure drags on returns for Dutch metals schemes
PME has been increasing its exposure to private equity, real estate and forestry
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Iceland’s Almenni sees Q1 global equity returns boosted by krona weakness
Pension fund reports local currency slide almost doubled foreign equity returns, while most domestic stock prices fell in first quarter
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Norwegian municipal pension funds beat dominant provider KLP in Q1
KLP acknowledges recent customer losses, but says is developing its offering in line with client feedback
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Swedish, Finnish real pension returns hit hardest by inflation last year
Finnish Centre for Pensions uses average monthly inflation figures to compare real pension investor returns, revealing Sweden and Finland were worst hit in international comparison
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Fiduciary managers’ growth portfolios underperform their target returns
XPS survey finds that majority of fiduciary managers’ growth portfolios underperformed their target returns by 3% or more
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Varma assets jump to historic high of €60.9bn with 3.6% Q1 returns
Plus: Ilmarinen reports a 3.2% Q1 return, while Keva posts 3.7%
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Finland’s Elo cites hedge funds, listed equities as Q1 drivers
Pensions insurer makes 6.5% return on hedge funds as weighting increases in portfolio
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Cassa Forense boosts total assets to €17.63bn
The pension fund for lawyers in Italy tightened the grip on costs as the number of members decreased by 1.3% year-on-year in 2023
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Rising equity markets spike Dutch funding ratios
ABP and PFZW suffered losses on their government bond portfolios, however, as Dutch and German yields rose
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NBIM misses benchmark in Q1 on drag from real estate
Tangen boasts biggest-ever quarterly gain in kroner for the Norwegian sovereign wealth fund
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FRR nets 9.68% in 2023 as return asset boost brings H2 benefits
Reserve fund also announces that CIO Salwa Boussoukaya-Nasr has been appointed to executive board
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Dutch pension funds made 9.5% return on average in 2023
Smaller funds did comparatively better than large funds