All articles by Shayla Walmsley – Page 15
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News
Top UK corporate deficits down, spat over 2007 prognosis
UK – Consultant firm Watson Wyatt is predicting a “sustained fall” in UK pension fund deficits in 2007 after FTSE 100 companies reported a £20bn (€29.7) drop over 2006.
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Features
Bonds to the rescue? It’s a blip
The numbers pack a punch. In the autumn Mercer reported that the pension fund liabilities of the top 50 mainland European companies totalled £72bn - compared with a £45bn funding gap for their UK FTSE 100 counterparts. Notably, pensions risk exposure in Germany’s Dax 30 companies was 20% higher than ...
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News
ATP pre-selects Citigroup, Northern for €46bn
DENMARK – The DKK371.5bn (€49.6bn) Danish labour market pension fund ATP has pre-selected Citigroup and Northern Trust as candidates for a new global custody agreement.
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News
Newham fund diverts into infrastructure
REAL ESTATE - The London Borough of Newham pension fund is to invest £30m (€45m) in infrastructure. The investment, which follows a strategic review and is the fund’s first in infrastructure, reflects a desire to influence the beta aspects of the fund and the search for a guaranteed long-term return.
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News
Shropshire fund moves out of UK property
REAL ESTATE - Shropshire County Council pension fund is seeking an investment manager for a £43m (€63.7m) pan-European real estate portfolio.
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News
Shetland Islands tenders for UK real estate
REAL ESTATE - The Scottish Shetland Islands local authority pension fund is to hire a real estate investment manager to invest £20m—40m (€29.7m—59.3m) in UK property.
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Special Report
Articles of faith
Faith groups are coming together on SRI issues and collectively can command substantial assets. But how much do they really have in common, asks Shayla Walmsley
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News
UN recruits for pension fund
GLOBAL - The United Nations Joint Staff Pension Fund is recruiting senior managers for its real estate and fixed income allocations.
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Special Report
The perils of divestment
Pension funds in Europe have always sought to screen out irresponsible businesses, says Shayla Walmsley, but drawing the line has never easy and double standards abound
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Features
Back to school
It is residential that is closer to commercial posing as hospitality. No wonder student accommodation is attracting so much attention. But pension funds are reticent, as Shayla Walmsley reports
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News
Smaller schemes chase ‘more liquid’ property
REAL ESTATE - Robin Goodchild, head of European investment at property firm LaSalle, this week urged large pension funds to invest directly in real estate and claimed smaller ones were re-thinking their lack of exposure.
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News
Hewitt’s Duff attacks real estate managers
REAL ESTATE - Most real estate fund managers aren’t fit for purpose, according to Nick Duff, real estate partner at Hewitt Associates. [This story first appeared on IPERealEstate.com.]
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News
Norway state fund rejects real estate before 2007
REAL ESTATE - The Norwegian finance ministry says moving into real estate “just isn’t a priority” for the Government Pension Fund, despite reports of an imminent 8-10% allocation.
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News
Norway fund defends Wal-Mart divestment despite ‘flawed’ screening criticism
The Norwegian Government Pension F – Global today responded robustly to allegations that its equities screening process was arbitrary, opaque and unfair.
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News
Insight floats real estate under Ross Goobey
REAL ESTATE - Insight Investment plans to raise £100m (€148m) in new capital when it floats its real estate fund management business, Invista, on the junior AIM market this month.
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News
BOE scheme takes 6.7% of Henderson property fund
REAL ESTATE - The Bank of England’s pension fund has acquired almost 6.7% of Henderson Global Property Investors, the fund manager.
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Features
Who'd buy a bond from a pension fund?
Shayla Walmsley assesses the worthiness of pension fund bond issues on the back of the recent Wellcome launch
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News
Pension funds to exploit sustained Nordic growth
EUROPE - European pension funds will be the primary investors in a pan-Nordic real estate SICAV to be launched by Aberdeen in the next few weeks.
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News
CAAM names marketing boss
FRANCE - Credit Agricole Asset Management (CAAM) has promoted current head of client servicing Philippe Zaouati to head of marketing.
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News
‘No excuse for secrecy’, F&C tells pension funds
NETHERLANDS - F&C has thrown its weight behind moves to compel Dutch pension fund managers to disclose their voting records.
