All IPE articles in April 2007 (Online) – Page 5
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Assets surge at US custody banks
GLOBAL – Three of the largest US-based custody banks have reported a surge in assets under management and custody in the first quarter.
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Aon survey casts doubt on pension buyouts
UK – Only up to 10% of UK companies are candidates for a buyout solution for their pension scheme within the next three years, according to a survey from Aon Consulting.
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Regulators probe Dutch institutional real estate
NETHERLANDS – Dutch regulators are probing institutional investors’ real estate investment activities to detect corruption.
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UK’s Brown faces pensions vote
UK – Chancellor Gordon Brown was tonight facing a rare vote of confidence in the House of Commons about his pensions policy.
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British Airways cabin crew accept pensions deal
UK – British Airways cabin crew have voted to accept the pensions deal that was negotiated at the start of the year, a union says.
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Germany's bank fund BVV rises to €18.6bn
GERMANY – BVV, a pension fund for Germany’s financial sector, says it raised its assets by €900m in 2006 to €18.6bn and that €1bn is being earmarked annually for new investment.
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NPRF taps JP Morgan for private equity admin
IRELAND – The €18.8bn National Pension Reserve Fund (NPRF) in Ireland has chosen JP Morgan to provide it with accounting and administrative services for its property and private equity investments.
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Dutch VB writes SRI manual
NETHERLANDS – The VB, the Dutch Association of Industry-Wide Pension Funds, has drafted a social responsible investments (SRI) manual to help pension funds inject more transparency into their investments.
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State Street recruiting UK operations chief
UK – Custodian bank State Street is looking to recruit a head of operations for its UK investor services business.
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Fidelity eyes Dutch fiduciary market
NETHERLANDS – Asset manager Fidelity International is the latest to enter the popular Dutch fiduciary and LDI market, with further plans expand internationally.
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Sweden to boost employment of “older” workers
SWEDEN – Sweden plans to scrap the special employer’s contribution for all workers to encourage the employment of older people.
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Fiduciary model set to grow - Watson Wyatt
EUROPE - The Dutch fiduciary management model for running pension assets is set to grow - with banks and consultants increasingly in competition, says Watson Wyatt.
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West Sussex reviews real estate
REAL ESTATE – The £1.5bn (€2.2bn) West Sussex County Council Pension Fund is reviewing its property mandate with Cushman & Wakefield Investors due to contract expiry.
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Greece sets new pension governance rules
GREECE – Following the recent scandal about pension funds’ bond purchases the Greek government has issued new rules on selections of board members for state-controlled funds.
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Swiss pension association makes bold proposals
SWITZERLAND – Swiss pension fund association ASIP has made the novel proposal of abolishing the current rate of conversion for occupational pension benefits and instead calculating those benefits according to life expectancy.
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AP7 awards pure alpha mandate
SWEDEN – The SEK80bn (€8.8bn) Swedish buffer fund AP7, Sjunde AP-fonden, has chosen Danske Bank for its pure alpha mandate.
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DNB warns funds about going to Belgium
NETHERLANDS – The Dutch central bank has warned pension funds about moving to neighbouring Belgium, saying they could be faced with disappointing results.
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Avon awards hedge fund mandates
UK – The £2.1bn (€3.1bn) Avon Pension Fund has awarded a £210m hedge fund mandate to five managers alongside a UK unconstrained equity mandate and an active corporate bond mandate worth £100m each.
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German institutional asset mgmt fees ‘rise 10%’
GERMANY – Domestic asset managers providing active portfolio management raised their fees on institutional investors by up to 10% last year, according to a new study by consultant Georg Seil.
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Link manager pay to data skills – study
GLOBAL – A new academic study has suggested that investment managers’ pay should be tied to their skills in using information.
