Asset Managers – Page 195
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NewsBNP wins over Fortis Belgium shareholders
BELGIUM – BNP Paribas has finally won the support of Fortis shareholders and is now just awaiting regulatory approval to complete the long-running takeover of Fortis Belgium.
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Robeco seeks to become a 'truly responsible investor'
[17:00 CEST 29-04] NETHERLANDS - Asset manager Robeco is planning to incorporate environmental, social and corporate governance (ESG) principles into its entire €110bn portfolio, in a bid to achieve more sustainable returns as well as a better risk-return profile.
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Asset managers 'could do more' on pensions
[16:30 CEST 28-04] GERMANY – At least 20% of asset managers, KAGs banks, insurances and other product providers in Germany admit they are not investing enough or not investing at all in the retirement business within their companies.
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Dutch discount rate set to change – Van Nunen
[15:15 CEST 28-04] NETHERLANDS – Dutch pension funds are not as poor as they look and calculation methods for liabilities will change to draw a more accurate picture, according to Dutch fiduciary management consultant Anton Van Nunen.
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Berkshire completes first set of mandates
[17:00 CEST 27-04] UK – The Royal Borough of Windsor and Maidenhead has confirmed the appointment of three new investment managers for the £1.05bn (€1.17bn) Royal County of Berkshire Pension Fund, as part of a diversification strategy.
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Norway Global sees value increase in March
[17:15 CEST 20-04] NORWAY – The Norwegian Government Pension Fund – Global increased in value to NOK 2.08trn (€236.4bn) in March, following two consecutive months of decline.
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Aviva's buy reduces Russian market to two
[16:25 CEST 14-04] RUSSIA – ING has signed a deal to sell its non-state Russian pension fund business to rival firm Aviva, and in the process reduced the size of the Russian foreign-owned non-corporate pensions market to just two players.
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Quantitative easing has 'distorted' pension liabilities
[17:00 CEST 09-04] UK – The Bank of England’s policy of quantitative easing has indirectly increased the pension scheme deficits of FTSE 100 companies as the price of gilts “soared to their highest level in 20 years”, Deloitte has claimed.
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ING narrows focus in 'back to basics' shift
[16:55 CEST 09-04] GLOBAL – ING, the Netherlands-headquartered banking and insurance group, is forming a single global investment management business and consolidating its operations to in future focus on retail banking and the retirement market.
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Pearl seeks move away from 'debt-funded' model
[16:55 CEST 09-04] UK – Pearl Group has confirmed it is in advanced discussions with investors and lenders to raise £500m (€554m) in new equity and to restructure its existing capital to allow it take advantage of future acquisition opportunities.
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NewsDeal confirms iShares sale to CVC
[16:25 CEST 09-04] GLOBAL - Barclays Global Investors today confirmed the sale of its iShares exchange traded funds (ETFs) division to CVC Partners at a sale price of $4.4bn (€3.3bn).
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Norway global to exclude tobacco and target environment
[16:45 CEST 03-04] NORWAY – The exclusion of tobacco-producing companies from the Government Pension Fund – Global and a NOK20bn (€2.26bn) environmental investment programme are just two of the measures announced by the Ministry of Finance following a review of ethical guidelines.
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Bexley appoints Hewitt for investment
[16:30 CEST 03-04] UK – The London Borough of Bexley has appointed Hewitt Associates as the investment adviser to its £390m (€427m) local government pension fund.
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AP Ethical Council targets 13 investments
[16:45 CEST 02-04] SWEDEN – The Ethical Council of the Swedish AP Buffer pension funds claimed three successes in 2008 in its dialogue approach to remedying breaches of ethical guidelines, although 13 companies are still on the Council's 'focus list'.
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Rhondda and Somerset start manager searches
[16:25 CEST 02-04] UK – Rhondda Cynon Taf County Borough Council has initiated a search for at least two investment managers, while Somerset Council is seeking an active Japanese equity manager.
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Trustees advised to consider short-term activity
[17:05 CEST 31-03] IRELAND – The Pensions Board has argued trustees need to think more about sustainability and the impact of short-term events on long-term promises if defined benefit (DB) schemes are to be a “viable alternative” to defined contribution (DC) funds.
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Bank of England scheme pre-empted crisis
[17:00 CEST 31-03] UK – The Bank of England Pension Scheme appeared to almost pre-empt the financial crisis of last year as it returned 12% in the year to February 2008 and reduced equity holdings so it could invest in index-linked gilts.
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National funding rules deter multinational derisking
[16:50 CEST 31-03] GLOBAL – AEGON Global Pensions has warned local regulations on pension fund governance have added an extra layer of complexity for multinational companies who want to derisk pension schemes.
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Former Compendeon CEO targets emerging markets
[16:55 CEST 30-03] NETHERLANDS – Erik van Dijk, former chief executive and chief investment officer at Compendeon, has set up a new implemented consulting business with a strong focus on emerging markets.
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Footballer scheme’s positive return from 100% fixed income
[17:10 CET 27-03] NETHERLANDS - The €560m ‘pension fund’ for Dutch professional football players generated positive returns of 1% after allocating all its assets to fixed income investments in mid-2008.
