Asset Allocation – Page 198
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Features
Innovative combination of tools ensures reserves aplenty
Denmark’s biggest pension fund, ATP, with more than Dkr300bn under management and covering practically 4.9m members in the public sector, undertook a restructuring last year of its risk management process by reviewing two key areas: asset-liability modelling (ALM) and asset allocation adjusting. The two go hand in hand and ATP ...
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Features
Real-time asset-liability testing reduces the stre
With its Pension Risk Management (PRiMa) concept, MetallRente, the Berlin-based pensions fund provider for Germany’s metal industry, believes it has achieved true innovation in pension fund management with the creation of a real-time asset-liability management framework. The two areas of the German pension reform bill in 2001 that received the ...
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Features
EIB to issue 'longevity bond' to match UK liabilities
The European Investment Bank is to issue a 25-year £540m (E775m) bond as part of a product designed by BNP Paribas aimed at protecting UK pension schemes against longevity risk. “We welcome this opportunity to further enhance EIB’s appeal among pension funds, through a con-tribution that can add a new ...
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Features
Bond market is the key
Being small and in the middle of the Atlantic make Iceland easy for asset managers to overlook. Its prosperity, fully funded pension system and outperforming equity market mean that it is probably a mistake to do so. “Given the number of people living there it’s an interesting market,” says Peter ...
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Features
Coordinated campaign rolls out redesigned and strengthened
ABP needs no introduction and it is no surprise that it has won yet another IPE Award, the Silver Award for Best Public Pension Fund 2004, thanks to its quick thinking and innovative pensions repackaging to ensure the survival of its defined benefit plan alongside the introduction of new products. ...
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Features
Pick your stocks carefully
After many years at rock bottom, there finally seems to be some definite upward momentum in US interest rates. Tom Elliott is strategist at JP Morgan Fleming: “The fact that the Fed is continuing with its policy of raising rates has reassured the market that the economic recovery is on ...
