Asset Managers – Page 213
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News
Cambridgeshire awards global equity mandate
[16:10 CEST 01-08] UK – The £1.4bn (€1.8bn) pension fund of UK local authority Cambridgeshire county council has tapped RCM to manage a £140m global equity mandate.
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News
£1.2bn Trafalgar House fund replaces Hewitt (amended)
[15:00 CEST 30-07] UK - The £1.2bn (€1.5bn) pension fund of the former UK property conglomerate Trafalgar House has appointed Dutch consultant Cardano as its new investment adviser, replacing Hewitt.
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News
ING takes AZL's fiduciary offering abroad
[12:30 CEST 29-07] NETHERLANDS – ING Investment Management, which has been offering fiduciary management to medium-sized Dutch pension funds since its acquisition of pension fund manager AZL last year, plans to launch a fiduciary proposition abroad.
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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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News
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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News
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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News
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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News
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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News
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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News
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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News
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).
