Asset Allocation – Page 255
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Features
Bulgarians still tied to home
Bulgaria’s first privately managed pension funds were established in 1994. But no special law regulated their activities until 1999. Unlike other countries, which did not allow foreign investment during the initial stages of their private pension systems, the Bulgarian legislature looked at this issue in 1999 when the special second ...
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Features
Start of manager close down
From being joint top-of-the-class Poland is now the subject of disapproving looks from the headmasters of Brussels. Having taken on an enormous reform of the social security, education and health system in 1999, the new government which came to power in September last year is grappling with macro economic problems ...
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Features
Novartis fund makes move from concrete to paper
Pension funds in Switzerland have a long tradition of investing in property, and the team responsible for the Sfr18bn(e12bn) Novartis pension fund is not exception. The Basle-based pension fund has for years had a significant exposure to real estate, around 12% of the total portfolio, through direct holdings in property, ...
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Features
Slovenia on EU track
It now seems the dim and distant past when Slovenia seceded peacefully from the then Yugoslav Republic. Although it really is not that long ago, the small republic has come a long way since. While the world concentrated on the rebuilding of the republics shattered by the Balkan war, Slovenia ...
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Features
European funds' wider horizons
Continental European pension funds are poised to shrink their domestic allocations still further in favour of European assets over the next three years, according to new research we have carried out. These results are based on replies from 184 pension funds in 11 countries, including the UK, with assets under ...
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Features
Russian reform gathers speed
One could hardly have imagined that such a complex issue as reform of the pension system, which has been discussed in Russia since 1995 and failed to be launched three times, would proceed at such an incredible pace in 2001, with practical operation of the new system expected already in ...
