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German church scheme KZVK appoints new CIO
Christoph Metz will replace Stefan Heidelfrom from January next year
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People moves: German KZVK seeks portfolio manager for alternatives
KZVK, Schroders, Union Investment, NN IP, Value Partners Group, Capital Cranfield, ITS, AXA IM
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German church scheme shifts strategy towards bonds in developed countries
As a result, equity investments were cut, particularly European stocks
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People moves: Arabesque AI picks ex-Schroders’ head of product as CEO
Cartwright, BNP PAM, Arabesque AI, Federated Hermes, Broadstone, Eastspring Investments, APG, Ethos, KZVK, ZEDRA, PNO Media, Kempen
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German church pension fund pivots to private debt in new strategy
The scheme is also reviewing its overlay mandates for equities and currencies
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German church schemes opt for passive high-yield strategy, exclude ETFs
The pension funds have switched to indexed products, partnering with Insight Investment and steering away from its active high-yield managers
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German church pension fund expands real assets portfolio
KZVK invested a significant amount directly in infrastructure and real estate, particularly in renewable energy infrastructure
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German church scheme to build up private debt allocation
‘The goal is to diversify investments, carefully balancing risks and returns’
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People moves: GAM names new group chief
Plus: Vontobel appoints co-CEOs; Aviva recruits environmental sustainability director
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Institutional investors on standby as Russia/Ukraine tension continues
A mix of high inflation and geopolitical tensions between the US and Russia resulted in losses across virtually all asset classes
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German church pension funds shift towards direct real estate
VKPB, KZVK use asset class as ‘risk buffer’ to help maintain high equity exposure
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People moves: Border to Coast continues search for CIO; IPD’s new operating chief
Border to Coast, IPD, B&CE, EZVK, AMF, Eastspring Investments, Keva, Insight Investment, Eurosif, Putnam, BNP Paribas, Schroders, Rothesay, Scientific Beta, First Sentier
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How we run our money: KZVK-VKPB
The two schemes are separate legal entities but are managed through a single fund and investment team, led by CIO Wolfram Gerdes
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People moves: PLSA picks Douglas as chair
PLSA, Russell Investments, M&G Real Estate, EZVK, HSBC AM, Pensioenfederatie, APK, Capstone, APG, AXA IM
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Union Investment lands first clients for shareholder engagement service
GERMANY – Clients include church supplementary pension schemes in province of North Rheine-Westfalia.
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Top 1000 Pension Funds 2024: Pensions back at a sweet spot
Assets for the leading 1000 European pension funds grew by 8.7% year-on-year, reversing last year’s loss of 6.8%. This brings total assets back up to above their previous high water mark of €9.7trn in 2022’s research exercise. This year’s overall net gain in assets of €775bn is the largest since 2021’s increase of €810bn.
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Operational change at €5.9bn German church fund
GERMANY – The €5.9bn German pension fund for church employees in Rhineland and Westphalia has announced it will restructure its investment operations, while pushing for more alternatives and diversity through indirect real estate.