Asset Managers – Page 202
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News
Elkarkidetza halves equity allocation
[17:20 CET 11-12] SPAIN – The Bilbao-based Elkarkidetza, the pension fund for Basque Country provincial and local government employees, has cut its equity exposure from 32% to 15% this year amid market turmoil.
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APG eyes European pension assets
[17:10 CET 10-12] EUROPE – Pension provider and asset manager APG Group is continuing its push for expansion abroad in 2009, focusing on developed European markets, according to director of pension administration Jaap Maassen.
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News
BP scheme goes ALM
[15:50 CET 10-12] UK – The £18bn (€20.6bn) UK pension fund of oil giant BP will embark on its first asset liability modelling review of scheme investments and funding, Sally Bridgeland, chief executive of PB Pension Trustees, has revealed.
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News
EC mulls short-selling ban
[16:20 CET 09-12] EUROPE – Niall Bohan, the head of the asset management unit at the European Commission (EC), today revealed the EC is reviewing short-selling and looking at possible bans on the practice, while seeking to organise stock-lending.
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News
Quest for global developed markets debt
[15:50 CET 09-12] UK – A UK-based investment consultancy company has said it is looking for a manager to manage a $1bn (€780m) global developed market debt investment grade mandate, using IPE quest.
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News
1 in 5 pension providers still not SRI-proof
[17:20 CET 08-12] NETHERLANDS – Over 20% of Dutch pension funds and pension insurers have yet to make any effort to develop a socially-responsible investment (SRI) policy, according to the Association of Investors in Sustainable Development (VBDO).
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News
PPF taps State Street for risk mandate
[17:05 CET 08-12] UK – The £2bn (€2.3bn) Pension Protection Fund (PFF), the UK’s lifeboat scheme for corporate defined benefit arrangements, has tapped State Street Corporation for a risk services mandate.
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NewsItalian funds to discuss investment review
[16:45 CET 05-12] ITALY – The Italian pension fund regulator Commisione di Vigilanza sui Fondi Pensione (Covip) has invited Italy’s largest pension funds to discuss possible changes to the current investment strategy in light of the credit crunch.
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News
Concentrate on home territory, warns DNB’s Kellerman
[16:15 CET 05-12] NETHERLANDS – Dutch pension funds and pension providers with cross-border ambitions should put such plans on hold and focus on solving asset shortages caused by the credit crunch, the Dutch pension regulator DNB has warned.
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NewsBMB recruits Chris Walker for European schemes
[17:25 CET 04-12] GLOBAL – Chris Walker, former managing director of Scottish Widows Investment Partnership (SWIP), has joined alternative asset manager BMB Group ahead of the firm's move to launch Shari'a compliant products for European pension funds.
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NewsPGGM combines chief finance and risk management role
[17:10 CET 04-12] NETHERLANDS – Jac Kragt has been promoted to become the chief finance and risk officer (CFRO) at the recently disconnected asset management arm of the giant Dutch health care pension fund Zorg & Welzijn (PFZW).
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NewsFrench money managers warned clean up your act
[17:00 CET 04-12] FRANCE – Ratings agency Fitch has today warned French asset managers they are out of touch and need to regain investors' confidence by offering products which match their needs.
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NewsJP Morgan to shrink equity derivatives teams
[16:55 CET 04-12] EUROPE – JP Morgan is planning job cuts on its derivatives desk by combining its structured investments distributor (SIDM) and financial institutions distributor (FIDM) teams in derivatives marketing in London, IPE has learnt.
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News
Pension pressure improves human rights at Sodexo
[17:00 CET 01-12] SCANDINAVIA – Constructive dialogue by the Ethical Council of the Swedish AP-Funds has resulted in the service company Sodexo adopting a company-wide human rights policy, and has in turn led to it being re-instated as an investment option for the Norwegian life insurer Kommunal Landspensjonskasse (KLP).
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News
Ombudsman warns trustees over investment role
[16:55 CET 28-11] IRELAND – The Pensions Ombudsman has warned it is time trustees of pension schemes, including professional trustees, to recognise their responsibilities to members particularly in areas such as investment.
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News
Watson Wyatt recommends funds stop lending
[16:20 CET 27-11] UK – The Lehman Brothers' collapse and the subsequent turbulence has shown the risk/reward trade-off around securities lending may no longer be worthwhile for pension funds, Watson Wyatt has warned.
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News
Investor seeks corporate debt manager
[17:10 CET 26-11] EUROPE – A continental European investment company is looking for a manager to manage a global developed markets corporate debt mandate worth $50m (€38.6m), using IPE Quest.
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News
Track record 'meaningless' as half of bets go sour
[16:50 CET 26-11] GLOBAL – The concept of following a fund manager’s track record as a measure of performance is meaningless, as fund managers typically get only half of their decisions right, research suggests.
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News
SSGA beefs up European equity team
[17:00 CET 24-11] EUROPE - State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, has poached two fund managers from rivals BGI and Axa Rosenberg in a bid to boost its European equities team.
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NewsOutperforming active managers 'difficult to find'
[11:40 CET 21-11] EUROPE – Selecting active managers who outperform on a constant basis has proven difficult for pension funds, a panel of pension experts has argued at a seminar of the annual IPE Awards.
