Asset Managers – Page 197
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News
Shropshire reduces UK equities for new global mandate
[17:20 CEST 11-05] UK – Shropshire County Council is seeking one or more managers to run a new global equity portfolio for the £740m (€824m) Shropshire Pension Fund.
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Bankpension posts net loss of 19.7%
[17:25 CEST 08-05] DENMARK – Bankpension, the pension fund for employees in the Danish financial sector, has reported an “extremely unsatisfactory” result of -23.1% before tax in 2008.
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Inflows outdo BNP Paribas' losses
[16:45 CEST 06-05] EUROPE – BNP Paribas, the French-headquartered asset manager, managed saw higher inflows at the beginning of this year than the losses it suffered during market turmoil, according to first quarter financial results released today.
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Aberdeen AM sees fixed income outflows
[16:00 CEST 05-05] UK – Aberdeen Asset Management saw its asset under management fall in the first half of its financial year to the end of March by almost £8.5bn (€9.55bn) thanks largely to outflows from its fixed income.
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UK and Germany yet to embrace sustainable investing
[16:45 CEST 30-04] GERMANY/UK –Two separate studies into attitudes towards responsible investing suggests UK pension funds and major German investors are looking at investments wth environmental and social governance (ESG) in mind, though further work is still needed to get all investors onboard as just a handful have fully embraced ...
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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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News
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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News
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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News
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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News
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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News
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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News
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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News
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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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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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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News
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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News
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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News
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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News
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.
