Asset Managers – Page 203
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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.
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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.
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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).
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Eureko rebrands Romanian division
ROMANIA – Netherlands-registered insurer Eureko is renaming its Romanian operations prior to a pension fund merger, in a bid to reassure clients.
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Eumedion seeks end to short-selling bans
[16:00 CET 10-02] EUROPE - Eumedion, the Nethelands-based corporate governance forum for institutional investors, has called on European governments and supervisors to lift the remaining short-selling bans.
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Siemens fund taps into sponsor's venture capital FoF
[15:15 CET 10-02] GERMANY – The German pension fund of Siemens AG, Europe's largest engineering company, and two insurers will provide the first $100m (€78m) for the company’s first venture capital fund of funds.
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UBS sees CHF226bn in outflows
[14:00 CET 10-02] GLOBAL – Net new money outflows from all of UBS’ businesses amounted to CHF226bn (€150.6bn) in 2008 and CHF103bn of that was from asset management – though January has already led to inflows at the bank.
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Co-operative could provide pensions solace – Santing
[16:35 CET 09-02] NETHERLANDS – Dutch pension funds should join forces as co-operatives to prevent being forced further into short-term thinking, according to Gerald Santing, former director of the Netherlands Authority of the Financial Markets (AFM).
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Half of PensPlan’s lines make gains
[16:30 CET 09-02] ITALY – Thirteen of the 22 investment lines offered as pensions investments by PensPlan achieved positive returns in what officials describe as conditions which were “difficult to register positive results”.
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Complexity and costs have 'killed' DB
[15:15 CET 09-02] UK – An increase in “well-meaning” legislation has effectively ‘killed off’ defined benefit (DB) schemes through rising complexity and costs, experts have warned.
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Nuclear authority tenders for advice
[16:30 CET 06-02] UK – The Nuclear Decommissioning Authority (NDA) is seeking an actuarial and investment consultant and a legal adviser to provide services in relation to all the pension arrangements which comes under its remit.
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Merseyside admin contract awarded to Heywood
[16:25 CET 06-02] UK – The £3.7bn (€4.2bn) Merseyside Pension Fund has appointed Heywood to provide pension administration and payroll services.
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Global pension assets drop 18% in 2008
[16:30 CET 03-02] GLOBAL – Economic conditions have resulted in the largest annual decline in global pension fund assets “for many years”, as the total value of pension pots fell 18% in 2008 to $25trn (€19.6trn), according to research from International Financial Services London (IFSL).
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Merseyside reviews £320m unconstrained bonds
[16:40 CET 02-02] UK – Merseyside pension scheme has issued a tender notice for two fixed income managers to run unconstrained sterling broad market mandates equivalent to 8% of the fund’s assets.
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Greencore deficit hits €68m
[16:40 CET 02-02] IRELAND – Greencore, the Irish convenience food manufacturer, has reported the deficit in its defined benefit (DB) pension schemes more than doubled to €68m in 2008.
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SNS AM picks KAS Bank as custodian
[15:30 CET 02-02] NETHERLANDS - SNS Asset Management is outsourcing its security services to KAS Bank.
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BNP Paribas and Belgium reach Fortis agreement
[16:45 CET 30-01] BELGIUM/FRANCE – Belgian-Dutch bancassurer Fortis said today BNP Paribas, France’s largest bank, and the Belgian state had agreed on revised terms on the transactions concluded in October last year.
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Norway rules out investing in gold mining giant
[16:40 CET 30-01] NORWAY – The ministry of finance has excluded two companies from the investment universe of the NOK 2.090trn (€240bn) Government Pension Fund – Global, over concerns relating to cluster munitions and environmental damage.
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Credit crunch to boost fiduciary offering
[16:15 CET 30-01] EUROPE – UK pension fund assets run by fiduciary managers could reach £300bn by 2012, up from £2bn today, if the experience in the Netherlands is repeated, predicts Andrew Dyson, Blackrock’s head of international institutional business.
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Merseyside tenders for transition manager panel
[16:05 CET 30-01] UK – Merseyside Pension Fund has issued a tender to establish a framework list of transition managers who would aid the movement of assets between investment managers following strategy changes.
