Asset Managers – Page 190
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News
PIMCO put on watch as PPF's LDI strategy drives return
[17:05 CET 06-11] UK – The UK Pension Protection Fund (PPF) reported a return of 13.4% in the year to March 2009, although this was primarily driven by the success of its swap portfolio overlay.
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Lambeth tenders bulk of pension in strategy overhaul
[16:45 CET 06-11] UK – The London Borough of Lambeth is tendering seven investment mandates for its £700m (€781m) pension fund as it has overhauled its strategy to include new investment classes such as fund of hedge funds and active currency.
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AP7 to launch new products following overhaul
[16:30 CET 04-11] SWEDEN - The Seventh Swedish National Pension Fund (AP7) will take a new shape after May 2010 and management is currently ironing out details for the launch of its new equity and fixed-income funds.
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UK roundup: Environment Agency, Leeds University, City of London
[15:00 CET 04-11] UK – The Environment Agency's £1.4bn (€1.6bn) Active Pension Fund has extended a global equity mandate. The University of Leeds is seeking a property manager for its non-USS pension scheme, and the City of London is searching for investment consultants.
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Robeco performance sparks Rabo pension review
[16:45 CEST 30-10] NETHERLANDS - The €11.4bn Rabobank pension fund has decided to divide its equity portfolio across several managers, following disappointing performance from Robeco.
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NewsING IM announces new CEO
[16:55 CEST 29-10] GLOBAL - Gilbert Van Hassel has been named as global chief executive of ING Investment Management, just days after it was announced the division is to be spun off as a separate company.
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NewsAP6 signals shift in investment strategy
[16:30 CEST 29-10] SWEDEN - Sjätte AP-fonden (AP6), the Sixth Swedish National Pension Fund, has signalled a change of strategy going forward away from investment in "young growth companies".
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UK minister calls on P8 to invest in low carbon services
[14:00 CEST 29-10] UK/GLOBAL – The 'P8 Group' of public pension funds has been urged by the UK government to cooperate with governments and development banks to help finance low carbon infrastructure and technologies.
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Tories to push for ethical fund in personal accounts
[12:00 CEST 29-10] UK - Shadow pensions minister Nigel Waterson has called for the creation of an ethical fund as part of the proposed personal accounts pension system.
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NewsUK roundup: Havering, East Sussex, Lincolnshire
[16:30 CEST 28-10] UK – The London Borough of Havering has issued a tender for a multi-asset absolute return bond manager to run around 5% of the fund, alongside a search for a passive equities manager. East Sussex Council is seeking a provider of a corporate governance overlay service for ...
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News
Mandates and incentives drive climate-conscious investors
[14:00 CEST 27-10] GLOBAL - Investors are currently driven by on-the-ground mandates and incentives when it comes to climate change investments, according to research published by Deutsche Bank’s Asset Management’s (DeAM) division.
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News
ING to divest investment management
[16:15 CET 26-10] NETHERLANDS - ING will split its banking and insurance businesses and divest all of its asset management operation within four years.
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News
CAAM and SocGen AM to become Amundi
[16:00 CEST 23-10] FRANCE - Crédit Agricole and Société Générale today announced Amundi as the name for their soon to be merged asset management arms.
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News
WW favours PPP over 'high fee' core infrastructure
[16:40 CEST 21-10] UK – Consultancy firm Watson Wyatt has warned high fees on core infrastructure funds are not providing a fair deal for investors and suggested they will be of "little interest" to long-term institutional investors unless they adopt more attractive fee packages.
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News
AP1-4 target global voting service for joint project
[16:40 CEST 20-10] SWEDEN – The first four Swedish National Pension buffer funds (AP1-4) are seeking a provider of a global voting service to assist its move into voting on more specific stocks.
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News
UNJSPF grows by €2.7bn in Q3
[16:30 CEST 20-10] GLOBAL – The United Nations Joint Staff Pension Fund (UNJSPF) has reported further growth in the third quarter of 2009 as invesments delivered a return of 12.3%.
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UK mandates update: Leicestershire seeks active managers
[15:45 CEST 20-10] UK – Leicestershire County Council is looking to hire three investment managers for its £1.9bn (€2.1bn) local government pension scheme (LGPS).
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News
Savings products review may be key to flexible retirement - Cooper
[17:10 CEST 16-10] UK - Yvette Cooper, secretary of state for work and pensions, has hinted there may need to be a review of financial products within the saving industry to enable individuals to have a more flexible retirement by working longer or part-time if required.
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News
Fiduciary management 'causes blurring' between advice and delegation
[17:05 CEST 16-10] UK – The increasing number of players in the fiduciary management market, particularly from within the consultancy space, is blurring the lines between delegation and advisory services, according to Andrew Waring, chief executive of the Merchant Navy Officers Pension Fund (MNOPF).
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News
AP2 calculates carbon footprint of portfolio firms
[13:00 CEST 15-10] SWEDEN – Andra AP-fonden (AP2), the Second Swedish National Pension Fund, is in the process of calculating the "carbon footprint" of its holdings in around 2,700 companies, in an attempt to better understand the impact if companies are forced to pay for carbon emissions.
