Asset Managers – Page 211
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News
FTSE 100 pensions yet to review VaR target
[16:40 CEST 25-07] UK – Only a handful of pension funds linked to FTSE 100 are reviewing their Value at Risk (VarR) target and so many are increasing the risk to corporate balance sheets, according to research conducted by accounting firm Deloitte.
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Saving should be the new investing - BlackRock
[17:00 CEST 24-07] EUROPE – A study into the attitudes of pension scheme members has revealed many individuals are put off by messages suggesting pensions are an investment, and are more amenable to the concept if described as ‘savings’.
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Credit Suisse stems asset bleed
[16:20 CEST 24-07] SWITZERLAND – After major asset outflows in the first three months of this year Swiss bank Credit Suisse has reported more positive figures for Q2, though all is not yet well.
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BVI sees trend towards specialisation
[16:45 CEST 23-07] GERMANY – Investors are once again choosing separate providers for portfolio management and fund administration, according to the German investment and asset management federation BVI.
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Bundesbank on a pensions roll
[16:30 CEST 23-07] GERMANY – The German federal bank, known as the Bundesbank, has confirmed it has signed yet another deal to look after the asset management of one of the newly-established Pensionsfonds for civil servants.
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Demands for SWF transparency 'will fail'
[15:25 CEST 23-07] GLOBAL – Growing demands for transparency by sovereign wealth funds (SWFs) from recipient countries will fail unless more diplomacy is used, asset management giant State Street has claimed.
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RBS unveils buyout solution for German corporates
[16:40 CEST 22-07] GERMANY – The Royal Bank of Scotland (RBS) together with insurer Ergo has launched a pension liability buyout service targeting German corporates with pension liabilities of €500m onwards.
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Newsquest allocates 10% to hedge funds
[15:20 CEST 22-07] UK – Newsquest Pension Scheme has awarded two fund of hedge fund mandates, valued at £40m (€50m), which is equivalent to 10% of scheme assets.
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News
German CTA to award €350m TAA mandate
[16:10 CEST 22-07] GERMANY – A fiduciary manager in Germany acting on behalf of a German pension fund is looking for managers for a €350m tactical asset allocation (TAA) mandate, using IPE-Quest.
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Wandsworth to change the benchmark
[15:00 CEST 21-07] UK – Wandsworth Borough Council is seeking at least four new investment managers to run its pension fund portfolio. The move is an attempt to change the benchmark of the fund.
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News
ABP cuts Fannie and Freddie holdings
[13:00 CEST 21-07] NETHERLANDS – The €205bn Dutch civil service pension fund ABP has confirmed it has cut its mortgage-backed securities (MBS) holdings in US mortgage financiers Fannie Mae and Freddie Mac.
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News
Cambridgeshire goes passive
[12:35 CEST 21-07] UK – The £1.4bn (€1.8bn) pension fund of UK local authority Cambridgeshire county council has awarded a £140m passive equity mandate to State Street Global Advisors (SSgA).
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News
€24bn Finnish fund loses manager selector
[15:55 CEST 18-07] FINLAND – The head of external equity manager selection at the Local Government Pensions Institution (LGPI), Finland’s largest retirement fund, has left her post.
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NewsUnilever fund to double commodities
[15:27 CEST 17-07] NETHERLANDS – Progress, the €4bn Dutch pension fund of food and home care products manufacturer Unilever, is looking to double its commodity investments by the end of 2008.
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NewsBuckinghamshire seeks three new managers
[15:41 CEST 16-07] UK – Buckinghamshire County Council is searching for three new investment managers for its pension scheme, with the mandates valued up to £325m (€408m).
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NewsRecession threat dampens inflation fears
[15:29 CEST 16-07] EUROPE – European fund managers are looking to healthcare stocks as a safe haven as risk appetite plummets, according to Merrill Lynch.
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NewsFalkirk targets passive manager for 'flexibility'
[15:27 CEST 16-07] UK – Falkirk Council Pension Fund is searching for a passive manager to run an equity portfolio worth up to £325m (€410m).
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NewsHSBC launches two emerging economies funds
[14:26 CEST 16-07] EUROPE - HSBC Global Asset Management has launched both a Frontier Markets equity fund and an Emerging Markets Inflation-linked bond fund for European investors.
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NewsDutch government advisor SER goes fiduciary
[13:30 CEST 16-07] NETHERLANDS – The €145m pension fund of the Dutch Social and Economic Council (SER), the body that advises the Dutch government on social and economic policy, has appointed ING/AZL as its fiduciary manager.
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NewsDKK115bn PKA eyes hedge funds and bank loans
[15:23 CEST 15-07] DENMARK – Pensionskassernes Administration (PKA), Denmark’s largest occupational pension fund administrator, is looking to make its first allocation to hedge funds.
