Asset Managers – Page 217
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News
"Pure alpha" is worth paying for - AP2
[13:30 CEST 20-05] NORDIC/EUROPE - Pension funds should be willing to pay more for "pure alpha" but should stay away from private equity unless they have the necessary expertise on due diligence, AP2 officials have warned.
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NewsCardiff seeks specialist currency manager
[11:30 CEST 15-05] UK – Cardiff County Council is seeking a manager for a specialist currency portfolio for the Cardiff & Vale of Glamorgan Pension Fund.
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Dutch funds brave elements despite buffer boost (amended)
[16:15 CEST 13-05] NETHERLANDS – Despite their recovering financial buffers, Dutch pension funds have started venturing into direct gold investments, according to investment consultant Mercer.
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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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News
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.
