All IPE articles in August 2007 (Online)
View all stories from this issue.
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News
2007 is a good year for Dexia so far
[16:55 CEST 31-08] BELGIUM – Belgian-French financial services group Dexia reported assets under management reached €111.1bn to June 30, up by 2.5% in the second quarter of 2007.
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Equity weightings drop to new pensions low
[16:45 CEST 31-08] UK – Balanced pension funds reached a new low in UK equity weighting in July as managers sought to move money out of listed stocks, the latest figures from CAPS indicate.
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Turmoil created short-term pensions surpluses - Aon
[16:30 CEST 31-08] UK – Pension funding for the UK’s largest 200 listed companies is actually in a better position than the previous month despite recent market turbulence, figures from Aon Consulting reveal.
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SNS agrees securities bank takeover
[16:00 CEST 31-08] NETHERLANDS – SNS Bank’s securities business has reached an agreement to buy specialist securities firm and institutional investment manager FBS Bankiers for an undisclosed amount.
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BPK to increase equity exposure
[15:00 CEST 31-08] SWITZERLAND – Bernische Pensionskasse (BPK), a CHF8.7bn (€5.3bn) pension fund for Swiss civil servants, will invest more of its assets in equities – particularly overseas stocks – and cut its fixed income exposure from November 1.
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Insurer trials postcode annuities boost
[15:30 CEST 31-08] UK – A new scheme is being piloted in the UK which could see pensions annuities in part calculated according to where an individual lives.
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Subprime halves Belgian returns
[15:00 CEST 31-08] BELGIUM – Belgian pension funds have lost around half of their the returns made in the first six months of 2007 during the recent subprime crisis, according the Belgian Association of Pension Funds (BVPI).
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'Return-seeking' assets favoured by schemes
[16:45 CEST 30-08] UK – Four out of five final salary scheme sponsors would still prefer to have a significant exposure to 'return-seeking investments' despite recent market volatility, a study by Watson Wyatt suggests.
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EFAMA expects short-term investment slowdown
[15:30 CEST 30-08] EUROPE – The European Fund and Asset Managers Association (EFAMA) is predicting investors will reassess their future exposure to money market funds investing in asset-backed securities (ABS) following recent turbulence in the investment markets.
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SLI’s private equity goes LLP
[16:00 CEST 30-08] UK- Standard Life Investments has followed suit with the rest of the fund industry and altered the legal status of its private equity operation in a bid to retain key members of the investment team.
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Austrian schemes predict positive returns despite market upset
[16:00 CEST 30-08] AUSTRIA – Austrian pension schemes should end the year with a "very positive" return despite market turbulence caused by the US sub-prime crisis, according to the FVPK, the pension schemes’ association.
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CAAM reviews Italy range as AUM rises 15%
[15:30 CEST 30-08] FRANCE – French bank Credit Agricole’s asset management division saw assets under management rise to €583bn in the first six months of 2007, of which Crédit Agricole Asset Management (CAAM) accounted for €565.7bn.
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Finnish fund edges towards alternatives limit
[15:00 CEST 30-08] FINLAND – VER, Finland’s state pension fund, is increasing its weighting in alternative investments, following strong gains in alternatives and equities earlier this year.
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AP4 sees assets climb to SEK214.2bn
[15:00 CEST 30-08] SWEDEN – The SEK201bn AP4 scheme, the fourth Swedish national pension fund, has seen its capital value rise by SEK13.7bn (€1.6bn) to SEK214.2bn in the first six months of the year.
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F&C eyes passive growth of diversified portfolios
[17:00 CEST 29-08] UK – F&C Asset Management is taking a new approach to the delivery of balanced portfolios and diversified growth funds for pension funds by launching an offering designed to be largely passive in nature.
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BVV expected to hire hedge fund consultant
[17:00 CEST 29-08] GERMANY – BVV, an €18.6bn pension fund for the German financial industry, is believed to be looking to hire a consultant to advise on future investment in hedge funds.
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ABP to sell office fund KFN
[17:00 CEST 29-08] NETHERLANDS - The €211bn civil service scheme ABP is considering selling at least part of its offices investment fund KFN, in order to further diversify its overall portfolio.
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AP1 and AP3 start year with strong equity returns
[17:00 CEST 29-08] SWEDEN – Strong returns in listed stocks and private equity pushed up total assets at both AP1 and AP3 - two of the five Swedish ‘buffer funds’ - in the half year of 2007.
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Wednesday people roundup
[14:30 CEST 29-08] GLOBAL – Fortis, Mercer, Northern Trust, EDHEC, The Pension Board, Corgwell, LaSalle, Riverstone, Threadneedle.
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Call for Denmark’s SPSS to be scrapped
[12:00 CEST 29-08] DENMARK - The Danish government’s decision to carry on suspending payments into the Special Pensions Savings Programme does not go far enough and the scheme should be scrapped completely, according to the Danish Insurance Association.
