Asset Managers – Page 202
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News
CIPFA outlines changes to LGPS investments
[16:30 CET 28-01] UK – The Chartered Institute of Public Finance and Accountancy (CIPFA) has recommended investment regulations for Local Government Pension Schemes (LGPS) should be "clarified and simplified", by replacing investment limits with a series of "requirements".
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State fund to boost economy through corporate debt
[16:20 CET 28-01] FINLAND – The ministry of finance is to allow the State Pension Fund VER to purchase commercial paper in “significant and solid Finnish companies” as part of a series of proposals to help boost the Finnish financial markets.
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PGGM wins its first pension fund mandate
[14:22 CET 28-01] NETHERLANDS – PGGM, the asset management arm of giant Dutch pension fund PFZW, has today revealed it has taken over the asset management and pension operation of the €20m Aena pension fund.
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West Sussex reappoints UBS to multi-asset role
[16:00 CET 27-01] UK – West Sussex County Council has reappointed UBS Asset Management to run an active, balanced multi-asset mandate for its local government pension scheme (LGPS).
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Danish investors to award $300m debt mandate
[16:30 CET 26-01] DENMARK – A Danish financial institution is looking for a manager to look after a $300m (€232m) hard currency debt mandate in global emerging markets, using IPE Quest.
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SocGen further dismantles asset management
[16:10 CET 26-01] FRANCE – Crédit Agricole and Société Générale, France’s second- and third largest banks, have signed a preliminary agreement to merge their asset management operations, for an undisclosed sum.
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2008 volatility hits more Finnish funds
[16:20 CET 23-01] FINLAND – Etera Mutual Pension Insurance Company has reported a €1.2bn fall in the value of its assets in 2008, according to preliminary figures while Eläke-Fennia saw a negative return of 12% and VER suffered further to lose 15% last year.
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1,000 open DB plans could switch to DC [updated]
[15:00 CET 23-01] UK – More than 50% of open defined benefit (DB) pension schemes could close to new members as a result of the economic crisis, claims new research by the National Association of Pension Funds (NAPF).
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News
Aberdeen saw £5bn in outflows last quarter
UK – Aberdeen Asset Management has revealed its total assets under management fell to £110.2bn (€116.7bn) in last quarter of 2008, down from £111.1bn at end-September.
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News
Pensions funds opt to raise TRS collateral
[12:00 CET 22-01] EUROPE – Pensions funds are likely to be paying slightly higher for passive investments since the collapse of Lehman Brothers if using synthethic replication, but are choosing to do by over-collateralising their total return swaps, according to officials at Morgan Stanley Investment Management.
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NewsImproved confidence yet to translate to market shift
[16:15 CET 21-01] US – Global investor confidence is said to have improved as a monthly sentiment recorder has climbed 12.1 points against the end of last year, but analysts have questioned whether the improved confidence is actually shifting into market sentiment given the ongoing turmoil.
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News
AP7 mulls more alpha centres
[15:45 CET 21-01] SWEDEN – The SEK74bn (€6.9bn) Swedish pension fund Sjunde AP-Fonden (AP7) is planning to review its pure alpha investments to see if it can add more of its ‘alpha centres’.
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News
Currency volatility leads to Record outflows
[16:00 CET 20-01] UK – Record plc, the listed company behind Record Currency Management, has admitted the firm saw client assets outflows worth $2.6bn (€bn) in its third quarter trading and its assets under management fell by 25% when combined with market and currency turbulence.
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News
Merseyside awards equity roles and moves fixed income
[16:55 CET 19-01] UK – Merseyside Pension Fund has appointed four new investment managers to run a third of the £3.7bn (€4.1bn) scheme's allocation to UK equities, ahead of plans to start a new search for active fixed income managers.
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Merseyside invests in fundamental index fund
[15:00 CET 15-01] UK – The £4.26bn (€4.8bn) Merseyside local authority pension fund is provided half of the funding for a new enhanced indexation-type fund launched by Nomura Asset Management.
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News
Asda taps Cardano for 'new-style' mandate
[17:05 CET 14-01] UK – The £1bn (€1.1bn) group pension scheme of UK supermarket retailer Asda, has appointed Cardano’s London office for a so called 'solvency management' mandate.
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News
Allianz completes Cominvest takeover
[16:20 CET 13-01] GERMANY – Cominvest, the asset management division of Commerzbank, now falls under the umbrella of Allianz Global Investors Germany following the completion of its takeover.
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NewsMore equity volatility predicted
[14:00 CET 12-01] GLOBAL – Equity volatility remains high in 2009, while real yields on government securities are likely to remain low, according to a global fund manager survey by consultancy firm Watson Wyatt.
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NewsNBIM picks London as real estate base
[16:20 CET 09-01] NORWAY/UK – Norges Bank Investment Management (NBIM) has increased the office space of its London branch to cope with an increase in new employees and to act as a base for the organisation's real estate investment team.
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NewsInstitutions to exit bonds for stocks - BlackRock CEO
[15:00 CET 09-01] GLOBAL - Institutional investors are set to exit fixed income and move into equities, reckons BlackRock chief executive Larry Fink.
