Asset Allocation – Page 195
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Features
Flying below the radar
The E400m Belgian industry-wide construction scheme, FSE-FBZ, finished a major asset transition in May last year. The scheme is essentially a social fund, of which part will become a pension fund in the future. It was due to this change that restructuring was being undertaken. Because of the size of ...
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Two-way traffic ahead
Asset management in the EU’s central and east European members states remains dominated by the second pillar pensions system that most of the countries have adopted. While some of the pension funds rank among the top 1,000 in Europe, the investment fund industry is still small. According to data from ...
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Features
Scanning the future at ABP
At ABP Investments - part of ABP, the Dutch civil servants pension fund (e160bn) - a disciplined three-stage approach is being used for scanning the future and interpreting current developments on financial markets. Both strategic and tactical asset allocation, asset/liability management, stress testing and the preparation of investment plans, benefit ...
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Features
A1 at Lloyd's
The job of the Lloyd’s Register is to examine merchant ships and classify them according to their condition. The highest classification, ‘A1 at Lloyds’, indicates by the letter A that a ship’s hull is in first class order and by the number 1 that the trappings are also sound; in ...
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Features
Nordic markets look for more
The market for asset management in Sweden is notoriously overcrowded, and for years a feature of Stockholm’s financial scene has been the large number of asset managers looking for a limited amount of institutional business. “There are few markets that have the same level of competition and the same number ...
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Features
Smooth transition launches streamlined new structure
To ensure its future success in a fast-changing pensions market, Munich-based Bayerische Versorgungskammer (BVK), an independent pensions holding company with over 1.5m active members and retirees and a capital value at 31 December 2003 of €31.4bn, felt it needed a new structure that was not only cost-effective, efficient and transparent ...
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Features
Hitting the right mark
The message from the asset management community in Denmark is broadly: ‘It’s still tough out there but it has been a lot tougher.’ In part the difficulties are a result of changes as pension fund and other institutional investors reassess their positions after the 2000-2002 market collapse. But it is ...
