All IPE articles in April 2007 (Online) – Page 2
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ABP, ATP in €700m German real estate tie
REAL ESTATE – Dutch and Danish pension giants ABP and ATP have teamed up with German real estate firm Patrizia Immobilien to launch a joint venture that will invest up to €700m in German commercial real estate.
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Hewitt Associates opens Russia office
RUSSIA - Hewitt Associates, the pension consulting and human resources firm has opened its first office in Russia.
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Henderson opts for LDI for own scheme
UK – Asset manager Henderson Global Investors is to shift its own defined benefit pension scheme into a Liability Driven Investment structure.
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Pension funds go for Greek bonds (update)
GREECE – Pension funds were among the buyers of €3.5bn in inflation-linked long-dated bonds issued by the government yesterday (updates to delete Greek).
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AXA IM nabs Fidelity’s Hall for UK role
UK – Martin Hall, co-head of fixed income at Fidelity International, has been appointed as the new head of AXA Investment Managers (AXA IM) in the UK.
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Wednesday people roundup
Insight, Barings, BlackRock, Mercer, Henderson, CSAM, PensionsRisk, Northern Trust, Dexia AM, Fabien Pictet, Sacker & Partners, Mellon.
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UK's PPF recruiting investment chief
UK - The Pension Protection Fund is looking to recruit a chief investment officer, a new role.
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Red ink at Swiss rail fund SBB
SWITZERLAND – The pension fund for state-owned Swiss railways operator SBB plunged into the red in 2006, reporting a loss of CHF60m (€36.7m) due to underperformance of its assets.
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Robeco plans to offer manager selection
NETHERLANDS - Robeco, the asset management arm of Rabobank, plans to offer manager selection for institutional investors this year.
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Kempen expands fiduciary team
NETHERLANDS – Dutch merchant bank Kempen & Co has hired ING Investment Management’s Marco van Rijn in a move to expand its fiduciary business.
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Danish doctors' fund returns slip in 2006
DENMARK - The Doctors' Pension Fund in Denmark - Lægernes Pensionskasse (LP) - posted a pre-tax return on its investments of 12.9% for 2006, down from the 15.8% return in 2005.
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ABP rejects proposed pan-European vehicle
NETHERLANDS – Dutch pension giant ABP, at €211bn Europe’s largest pension fund, has said the government’s proposed new pension framework is “no attractive alternative”.
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Greek bank sets up Turkish pension firm
GREECE - The National Bank of Greece (NBG) is establishing a pension insurance company in Turkey through its majority ownership at Turkey’s Finansbank.
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Germans too conservative in pensions - Mössle
GERMANY – Fidelity’s head of German institutional business has warned that Germans face an income drop of nearly half in retirement.
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Outgoing SWIP CEO Phillips dies (Update)
UK – Chris Phillips, who recently announced his departure as chief executive of Scottish Widows Investment Partnership to join Morley Fund Management, has died during a holiday in Spain aged 50 (Updates with further information).
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HSBC pension fund slashes equity allocation
UK – Global banking group HSBC has slashed the equity allocation of its main UK pension fund and moved into interest-rate and inflation-swaps.
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Dutch to examine Belgian pensions legislation
NETHERLANDS – Dutch social affairs minister Piet Hein Donner says he will examine the implications of Dutch pensions funds moving to Belgium.
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Capital stands firm amid performance “blip”
UK – Capital International says it is standing firm amid what it admits is a “blip” in performance that has seen it lose a series of UK pension fund mandates.
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Belgian pension funds return +8.4%
BELGIUM - Belgian pension funds delivered median returns of +8.4% in 2006, according to the 20th edition of Mercer's annual Pension Investment Performance Survey.
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Paternoster extends State Street deal
UK - Paternoster, the defined benefit pension insurance group, has extended its existing relationship with State Street.
