Asset Managers – Page 215
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News
UK pension fund mounts VAT challenge
[16:50 CEST 12-05] UK – The National Association of Pension Funds (NAPF) and the £8bn (€10.14bn) Wheels Common Investment Fund (WCIF) plan to bring a joint legal challenge against the UK government over the application of value added tax (VAT), which could result in £300m payout for the pension fund ...
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AP6 acquires 25% share of Swedish fashion house
[16:00 CEST 08-05] SWEDEN - Sjätte AP-fonden (AP6), the Swedish pension buffer fund, has entered into a "long-term partnership" with Atlas Design, to make it Europe's "leading fashion house for accessories".
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TAA in Q1 disappoints Swiss funds
[11:45 CEST 08-05] SWITZERLAND – Half of Swiss pension funds made tactical adjustments to their asset allocation in the first quarter but were disappointed by the results, Swiss consultant Lusenti has found.
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News
Insurers see Austrians take pensions risks
[15:30 CEST 07-05] AUSTRIA – Traditional life insurance sales are on the decline while insurance-based pensions investment fund solutions are growing fast, the Austrian federation of insurers (VVÖ) said.
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News
APG ventures into biotech via LSP
[14:00 CEST 07-05] NETHERLANDS – APG Investments, the asset manager of giant Dutch pension fund ABP, will invest together with the Life Sciences Partner Group in the European publicly listed small-cap biotech market.
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News
Aberdeen buys real estate rival Goodman for £109m
[16:55 CEST 06-02] GLOBAL – Aberdeen Asset Management’s real estate subsidiary Aberdeen Property Investors has snapped up a deal to buy its rival Goodman Property Investors for £109m (€140m).
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News
Responsible investors plan ESG for 75% of assets
[15:45 CEST 06-02] GLOBAL – Institutional pension funds invested at least $1.26trn (€810bn) under responsible investment (RI) terms in 2007 but expect to apply environmental and social governance (ESG) to at least 75% of their assets by 2010, according to a study conducted by Investment and Pensions Europe (IPE) and ...
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News
Paint and print fund goes fiduciary
[15:30 CEST 06-02] NETHERLANDS/UK – The €125m Dutch pension fund for workers in the paint and printing industries (SBVD) has promoted its balanced mandate manager to the status of fiduciary manager.
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News
Citi and State Street sell CitiStreet for $900m
[13:30 CEST 02-05] GLOBAL/NETHERLANDS – Citigroup and State Street Corporation today announced they have entered into a definitive agreement with ING Group over the sale of the US pension provider CitiStreet.
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News
Hungary fond of foreign equity despite losses
[15:45 CEST 01-05] HUNGARY – Hungarian pension funds saw their assets drop by 8.1% in the first quarter of this year to HUF1,856bn (€7.34bn), according to Bamosz, the association of Hungarian investment fund and asset management companies.
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NewsBertelsmann goes fiduciary (amended)
[14:55 CEST 30-04] GERMANY – Publishing group Bertelsmann has awarded a fiduciary mandate for the management of its pension liabilities, the company confirmed to IPE.
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NewsAviva to adopt a single brand
[14:30 CEST 29-04] GLOBAL – Bancassurance giant Aviva is dropping all but its Delta Lloyd brand, to promote almost all of the organisation under the Aviva name.
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NewsDutch preachers launch SRI index fund
[14:30 CEST 28-04] NETHERLANDS – The €1bn pension fund for pastors and preachers of the Dutch protestant church has, together with SNS Asset Management, launched a European responsible equity index fund.
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News
22% of Irish schemes have reduced benefits – Mercer
[12:30 CEST 28-04] IRELAND – Around 22% of Irish defined benefit (DB) pension schemes have modified their benefits in the last two years, and have generally reduced future benefits in some form, according to consultancy firm Mercer.
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News
Inflation and long term interest rates 'to rise'
[13:30 CEST 25-04] EUROPE - Inflation will be high on the agenda for a long time, and might rise to 4% or even 5% at the end of next year, George Möller, executive chairman of asset manager Robeco forecasted.
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News
Parmalat sues Hermes for €5bn over collapse
[16:10 CEST 21-4] ITALY/UK –Parmalat, the Italian food group, is suing Hermes Focus Asset Management Europe for more than €5bn in damages on the grounds of that it worsened the "financial distress" relating to the firm's collapse in 2003.
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News
French FRR to renew European equities mandates
[15:55 CEST 21-04] FRANCE – The €34.5bn French national pension reserve fund FRR says it has launched a request for proposals to renew a portion of its mandates invested in European equities.
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News
HSBC announces team for new Austrian operation
[16:10 CEST 21-04] AUSTRIA – HSBC Investments is setting up shop in Austria's capital Vienna under former DWS sales head Franz Bartmann.
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News
Pension experts say 'no' to Dutch life cycling
[15:55 CEST 21-04] NETHERLANDS – Pension funds should stay away from so-called life cycle investments and instead honour intergenerational solidarity, a panel discussion on the products has warned at the PensionSummit 2008.
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News
Nestlé goes pan-European step-by-step
[15:25 CEST 18-04] EUROPE - Food manufacturer Nestlé has confirmed it sees the future of its pensions in pan-European pension funds.
