All articles by Shayla Walmsley – Page 13
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News
CalPERS settles for €89m in Time case
GLOBAL - The $230bn (€175bn) California Public Employees Retirement System (CalPERS) has recovered $117.7m (€89.2m) from media firm Time Warner in a settlement of a lawsuit brought in 2003.
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News
European pension funds drive AXA IM growth
EUROPE - New money from European pension funds drove up AXA Investment Managers’ (AXA IM) revenues up 40% to €1,181m in 2006 from €845m the previous year.
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Features
Retail therapy
The UK goes into Europe; other Europeans move to Asia; everyone goes shopping
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Features
A close second
Secondary cities such as Munich are mopping up the excess of investor cash as prices rise in mainstream European capitals. However, there is little to bind them together as an asset sub-class, Shayla Walmsley finds
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Features
Confidence and commitment
Information gathering and setting out clear terms and conditions from the beginning will help maintain a successful partnership with a fund manager, Shayla Walmsley reports
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News
Private banker to head HSBC investments
UK – Mark McCombe is to take over as HSBC investment head at the end of March.
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News
LPFA scouts global property manager
UK - The £3.6bn (€5.3bn) London Pensions Fund Authority (LPFA) is looking for an external investment manager to expand its £150m real estate portfolio outside the UK.
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News
CSAM UK property team defects to Aberdeen (updated)
UK – Glenn Newson, former head of UK property at Credit Suisse Asset Management (CSAM), has defected to Aberdeen Property Investors. He has taken his six-person team with him. (updates with comments from Credit Suisse)
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News
Class, marriage to determine risk
UK - Pension funds in the UK will be better be able to calculate longevity risk using data that takes into account factors including social class and marital status, according to information firm Experian.
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News
Clearstream reports 9% increase in assets under custody
GERMANY - Assets under custody at Clearstream reached €9.9 trillion in February – a 9% increase from February 2006.
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News
ABP, Keva in property private equity move
REAL ESTATE – Finnish local government pension fund Keva and ABP, Europe’s largest pension fund, were among eight initial investors in a pan-European real estate private equity fund launched last week by Spanish property group Neinver.
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News
OMERs appoints permanent CEO – to 2008
CANADA - The CAD47.9bn (€31bn) Ontario Municipal Employees Retirement Scheme (OMERS) has chosen Michael Nobrega, the current head of its infrastructure subsidiary, as its new chief executive.
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Features
Measuring the measurers
Blacket – the firm that introduced metrics for investment consultants – folded at the end of last year. But did its demise kill demand for more transparent advice? asks Shayla Walmsley
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Special Report
Building a green consensus
CalPERS pushed it with the weight of cash; regulators in the US and EU are now backing green building. But will nation states – and developers – go for it? Shayla Walmsley investigates
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News
Royal Mail pension loans under investigation
UK - The British government says it is confident it will be cleared by a European Commission investigation into £2.65bn (€3.94bn) of state support given to Royal Mail – including a £850m loan to plug a gap in the state-owned postal operator’s pension fund.
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News
Tesco, M&S appoint property advisers
UK - Retailers Tesco and Marks & Spencer have selected advisers for two sale-and-leaseback deals involving their UK property portfolios.
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News
Ireland should keep pensions trust model says report
IRELAND - A report published today by the Irish Pensions Board has criticised existing oversight of administrators but stopped short of recommending an overhaul of the current trust model, which is said continued to offer “protections…that justify its retention”.
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News
Equities deliver AP2 performance
SWEDEN - AP2, Sweden’s second buffer fund, today declared assets of SEK216.8bn (€23.8bn) – an SEK26.2bn increase over the previous year.
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Features
The case for acting together
Pension funds have so far been hesitant to join real estate industry organisations en masse. Shayla Walmsley looks at the benefits – and the limitations – of belonging
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News
Pension funds to pressure companies with ‘laggard’ audit arrangements
UK - The UK’s Local Authority Pension Fund Forum (LAPFF) has launched a campaign to pressure “laggard” companies to improve their audit practices.
