Asset Managers – Page 200
-
News
Irish managed funds drop 7.5% in 2009
[17:05 CET 04-03] IRELAND – The average Irish group managed pension fund dropped a further 5.7% in February bringing the total return for 2009 to -7.5%, Rubicon Investment Consulting has revealed.
-
News
North Yorks to drop Hermes European focus
[17:05 CET 03-03] UK –North Yorkshire County Council has decided to divest its £878.8m (€979.4m) pension fund from a holding in the Hermes Focus Asset Management’s European Focus Fund, following a combination of poor performance and staff departures.
-
News
VER drops €1.93bn as equity losses exceed 42%
[16:55 CET 03-03] FINLAND - Valtion Eläkerahasto (VER), the State Pension Fund, has reported an overall investment return of -15.8% in 2008, driven primarily by the results from its equity portfolio which lost 42.7% over the year.
-
NewsAllianz GI sees lower income but eyes consolidation
[16:50 CET 03-03] EUROPE – Allianz Global Investors saw its net income fall by over 21.5% in 2008 on the back of lower investment returns and subsequently reduced performance fees, but officials are still looking for buying opportunities within the asset management sector.
-
News
Global equity declines hit AP7 hard
[17:00 CET 02-03] SWEDEN – Sjunde AP-fonden (AP7) has reported a fall of -42.8% in its Premium Choice Fund, while the Premium Savings Fund, the default for savers in the Swedish pension system (PPM) dropped 36.2%.
-
News
Merseyside opposed management at 15% of UK AGMs
[16:55 CET 02-03] UK – The £3.7bn (€4.1bn) Merseyside Pension Scheme has revealed it voted against company management in 15% of UK company meetings last year, as corporate behaviour was "judged to be below best practice guidelines".
-
News
Gwynedd tenders active bonds portfolio
[16:15 CET 02-03] UK – Gwynedd Council is seeking an active bond manager for a £100m (€113m) active bond mandate for its local authority pension fund following a recent review of its investment structure.
-
News
APG set to unveil its corporate strategy
[17:15 CET 27-02] NETHERLANDS – APG Group, the wholly-owned subsidiary of the Dutch pension fund for healthcare workers ABP, is now developing the next stage of its international expansion plans following its recent merger with rival firm Cordares.
-
News
Call on Dutch to target Western Europe
[15:30 CET 25-02] NETHERLANDS – The Dutch pensions industry should focus on EU countries in Western Europe as an export market for the Dutch pension system because their models are relatively compatible, according to an academic and pensions expert.
-
News
Czech funds meet need for positive return
CZECH REPUBLIC – Only two funds in the Czech Republic private pension sector managed to generate a return above 1% last year, but all at least delivered positive performance as the other eight just scrapped the zero mark.
-
News
Norway tenders ethical research mandate
[13:30 CET 24-02] NORWAY – The Ministry of Finance is seeking to establish a framework agreement relating to research of companies included in the investment portfolio of the Government Pension Fund – Global.
-
News
Management fees predicted to shift downwards
[17:00 CET 20-02] GLOBAL – Pension consultant Mercer predicts asset managers will show greater willingness to negotiate fees downwards this year and beyond, under pressure from the economic downturn.
-
News
Home Group seeks admin provider for DB fund
[16:55 CET 20-02] UK – Trustees of the Home Group Pension and Life Assurance Scheme are seeking a pension administration provider for the £57m (€64.5m) defined benefit (DB) scheme.
-
News
Scheme seeks high yield US debt manager
[16:55 CET 20-02] NETHERLANDS – A Dutch pension fund is looking for an external managers to manage a $100m (€79.3m) USA high yield debt mandate, using IPE Quest.
-
News
Fund managers lighten up on economy
[17:10 19-02] GLOBAL – Investors are at their most hopeful about the year ahead since the credit crunch took hold in July 2007, according to the latest fund manager survey by asset manager Merrill Lynch.
-
News
A quarter of Pensionskassen are under 90%-funded
[17:05 CET 19-02] SWITZERLAND – Consultant Swisscanto has discovered the average funding level of Swiss Pensionskassen had deteriorated to 94.4% by the end of 2008 and the buffer funds have all but dried up.
-
News
UNJSPF lost quarter of its value in 2008
[16:00 CET 17-02] GLOBAL – The United Nations Joint Staff Pension Fund (UNJSPF) lost over $10bn (€7.8bn), around a quarter of its fund value, to end 2008 at $31.37bn.
-
NewsFunds review diversification and management
[17:00 CET 16-02] GLOBAL – Opinion polls suggest pension fund managers globally are questioning the use of diversification, just as funds are re-evaluating their investment management policy.
-
NewsNorway retenders ethical screening contracts
[17:00 CET 13-02] NORWAY – The Ministry of Finance has initiated a search on behalf of the Council on Ethics for the Norwegian Government Pension Fund – Global for two suppliers to perform ethical screening of companies in the funds portfolio.
-
News
OECD calls for pension expansion despite $5.4trn loss
[16:55 CET 12-02] GLOBAL – Private pensions across the world lost $5.4trn between January and December 2008, up from $5trn in October 2008, driven mainly by returns on US pension funds, according to figures from the Organisation for Economic Cooperation and Development (OECD).
