Asset Managers – Page 219
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Finnish top two take on Nokia
[13:00 CET 20-12] FINLAND – Finnish mobile telephone manufacturer Nokia has today announced it will transfer its €1.2bn statutory pension liabilities to Ilmarinen and Varma in March next year.
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CalPERS pursues infrastructure and private equity
[12:30 CET 19-12] US - The California Public Employees Retirement System (CalPERS) has adopted a new asset allocation mix which will see $29bn shift out of bonds and equities to finance increased investment in private equity, infrastructure and real estate.
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Pearl to share Axial lessons with RAM
[15:30 CET 13-12] UK – Axial Investment Management looks set to share its asset liability investment skills with Resolution Asset Management for the benefit of the institutional market, once the two firms are merged by their parent Pearl Group.
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IPE-QUEST: Pension fund seeks emerging market debt
[16:40 CET 12-12] EUROPE – A European industry-wide pension fund has said it is looking for managers for a $200m (€136m) global emerging market debt mandate.
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Fitch says credit crunch suffered under 'reactive' systems
[16:30 CET 12-12] GLOBAL – Ratings agency Fitch has suggested investment houses with outdated risk management processes saw the worst of recent volatility and pricing uncertainty in the credit markets.
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Citi decides on new chief
[15:30 CET 12-12] GLOBAL – Vikram Pandit, the head of institutional clients at America’s largest bank Citigroup, has been named as the group’s new chief executive, in a bid to restore the company’s profitability and reputation.
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Philips scheme dismantles real estate portfolio
[12:00 CET 11-12] NETHERLANDS – The besieged €14.6bn pension scheme of Dutch electronics major Philips has sold around 15% of its real estate holdings to Dutch real estate investment fund Vesteda.
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Credit crisis delays liability hedging business
[15:30 CET 10-12] UK – Delays in the execution of derivatives-based liability hedging strategies, caused by the credit crunch, hinder pension funds in adopting them more widely, says investment consultant Watson Wyatt.
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Structured products see Blue Sky thinking
[16:15 CET 07-12] UK – A specialist asset management firm has been launched the UK to tap into the growing interest towards structured products.
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Economies to be hit, but miss recession - OECD
[17:00 CET 06-12] GLOBAL – Economies are likely to see reduced growth as a result of the recent credit crisis and housing slowdowns in the US and Ireland but are expected to avoid a global recession, according to the OECD.
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Abn unveils ‘clean’ technology fund
[[17:00 CET 06-12] EUROPE - Abn Amro is launching a specialist fund designed to target investment opportunities in climate change and environment-related firms.
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Legal threat to pensions arms trade decision
[15:30 CET 06-12] UK – Trade union officials have warned Merseyside pension fund could face a legal challenge over a recent decision by local authorities to continue the fund’s investment in companies selling armaments.
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Merseyside looks set to drop BGI mandate
[15:30 CET 05-12] UK – Barclays Global Investors could lose the contract to manage a UK equities mandate for the Merseyside pension fund, following a review of the local government scheme’s asset allocation strategy.
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Aberdeen pushes into Austria
[14:00 CET 05-12] AUSTRIA – Aberdeen Asset Managers is in discussions with a handful of Austrian institutional investors as part of an effort to expand its business to Austria, according to Hartmut Leser, Aberdeen's German head.
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Hermes gets pensions shakeup on CEO’s arrival
[16:55 CET 04-12] UK – Rupert Clarke has been confirmed today as the chief executive of Hermes, the asset manager owned by the BT pension fund, but fresh expansion plans for the group mean a new management team is being created to take responsibility for BT’s pension fund.
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France steps up the pace on SRI
[16:30 CET 03-12] FRANCE – French institutional investors are increasingly focusing on socially-responsible investment (SRI) and most institutions now expect it to play a role in their business strategy, suggests a study of investors.
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Fortis goes fiduciary for Atradius
[14:30 CET 03-12] NETHERLANDS – The €180m Dutch pension fund of credit insurance company Atradius has appointed Fortis Investments as its fiduciary manager.
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IPE and EDHEC launch asset manager awards
[16:30 CET 30-11] EUROPE – Investment and Pensions Europe (IPE) is teaming up with the EDHEC business school in France to launch a new awards programme recognising excellence in institutional asset management.
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Northumberland taps two for global equity
[14:00 CET 30-11] UK – The £614m (€859m) Northumberland county council pension fund has appointed Alliance Bernstein and Prudential M&G Investment Management with a £95m active global equities mandate.
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Danish pensions body deems ESG safe
[11:00 CET 30-11] DENMARK - An official report in Denmark has concluded pensions institutions can take an ethical stance on investments while still fulfilling their legal duty to get the highest possible return.
