Asset Managers – Page 191
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News
One in four German institutions replaced managers post-crisis
[17:05 CET 03-12] GERMANY – German ratings agency Feri has found some German institutional investors have replaced their asset managers in the wake of the recent financial turbulence.
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SNPF appoints Aegon for fixed income
[16:55 CET 03-12] NETHERLANDS – The €1bn Stichting Notarieel Pensioenfonds (SNPF) has awarded Aegon Asset Management a mandate to run part of its fixed income allocation and provide a fixed income overlay for an existing loans portfolio.
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Frigerio to step down as head of Pioneer
[13:00 CET 03-12] EUROPE – Unicredit Group is preparing to name a new chief executive at Pioneer Investments, its asset management division, over the coming days as Dario Frigerio is leaving in January.
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BlackRock completes BGI takeover
[16:30 CET 02-12] GLOBAL – BlackRock has finally completed the deal to buy Barclays Global Investors (BGI) and ETF provider iShares from Barclays Group, making it the largest asset manager in the world.
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PFA expands into Danish retail pensions
[16:55 CET 01-12] DENMARK – Danish occupational pension provider PFA Pension has taken its first step into the retail pensions market, and linked up with Danish local and regional savings banks to provide private pensions.
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AP3 targets corporate credit managers
[16:50 CET 01-12] SWEDEN – Tredje AP-fonden (AP3), the third Swedish National Pension Fund is seeking a number of corporate credit bond managers for its SEK188.6bn (€18.1bn) fund.
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Italy sees €200m in pension inflows over three months
ITALY - Assogestioni, the Italian asset management association, said open plan pension funds saw net inflows of just €218m between July and September 2009, taking the overall net value of Italian pension fund assets to nearly €6bn.
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UK roundup - Torfaen, RPMI, BMI, Harrods, East Riding
[16:30 CET 30-11] UK – Torfaen Council has appointed a global equity manager, while RPMI has been awarded the administration contract for the Arup pension fund.
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Pension schemes warned to prepare inflation-proof strategies
[16:15 CET 30-11] GLOBAL/UK – Pension funds and other institutional investors, particularly those with inflation-linked liabilities, have been advised by Watson Wyatt to plan ahead for a return to high inflation, even though suitable investments could in some cases prove expensive.
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News
SRI is dying, claims PwC
[16:50 CET 24-11] GLOBAL – The concept of socially-responsible investment (SRI) is dying, according to Jon Williams, a partner at PricewaterhouseCoopers, although he admits the models of negative and positive screening and engagement could remain valuable for certain types of investors.
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Active managers should be performing by now - Halbis
[16:15 CET 24-11] GLOBAL - Many active asset managers have underperformed the market this year despite almost perfect conditions, according to Ian Barnett, global head of investment risk at Halbis.
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Icelandic Investment Fund delayed
[15:50 CET 24-11] ICELAND – The establishment of the Icelandic Investment Fund (IIF) has been delayed until next month to give pension funds more time to decide whether or not to join the venture.
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Ireland to target cross-border pensions - Cowen
[16:00 CET 20-11] IRELAND – Brian Cowen, the Irish Taoiseach (prime minister) says his country will maintain its position as a 'centre of excellence' in the management of European pension funds by targeting cross-border pension activity.
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FRR awards €4bn to inflation-linked bond mandates
[14:30 CET 20-11] FRANCE - Fonds de reserve pour les retraites (FRR), the €31.9bn French national pension reserve fund, has awarded €4bn in bond mandates to six major managers
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News
Half of fund managers predict strong growth in 2010
[117:30 CET 19-11] GLOBAL - More than 50% of fund managers expect to witness double-digit profit growth over the next year, according to a new Bank of America-Merrill Lynch survey.
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News
Innovative SRI products needed, say pensions execs
EUROPE – Panellists at the European Pension Funds Conference in Frankfurt have called on SRI/ESG service and product providers to come up with innovative products to help pension funds adapt their investments.
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Pensions focus 'must shift to liability benchmarking'
[13:30 CET 18-11] NETHERLANDS – One impact of the credit crisis on pension funds is the growing importance of risk management and a focus on moving towards using scheme liabilities as the ultimate benchmark, according to Jan Willem van Stuijvenberg.
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Positive link between ESG and financial performance - Mercer
[16:55 CET 17-11] GLOBAL - More academic research has shown that environmental, social and governance (ESG) factors can have a positive impact on portfolio returns.
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NewsUnilever's Docherty predicts trustee behaviour change
[14:00 CET 17-11] UK – The recent economic downturn is likely to have led to a change in trustees' behaviour with regards to pension investment strategy and a greater balance between risk and reward, according to Unilever pension fund's Angela Docherty.
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Norway Global seeks further screening service
[17:00 CET 16-11] NORWAY – The Norwegian ministry of finance is seeking an ethical screening service for the Norwegian Government Pension Fund – Global to assess possible breaches of its guidelines concerning the manufacture of tobacco, anti-humanitarian weapons and military supplies to Burma.
