All articles by Barbara Ottawa – Page 110
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Co-head of UK equities at £29bn scheme quits
UK – Fraser Slater, co-head of the UK equities team at the £29bn (€43bn) Universities Superannuation Scheme (USS), has left and the fund is looking for replacements.
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IPE-QUEST: Swiss institution seeking advice
SWITZERLAND – A Swiss institutional investor is using IPE-QUEST to look for advice on building a model portfolio for two sustainable equity mandates, one in the US and one in Europe.
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UK protection fund to create SRI policy
UK – The UK’s £305m (€446.3m) Pension Protection Fund is seeking a consultant to help it create a policy on socially responsible investing.
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Norwegian fund to screen for arms links
NORWAY – The NOK1.8trn (€220bn) Norwegian Government Pension Fund – Global is to screen its equity holdings to filter companies with connections to certain types of weapon production.
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Belgian association bewildered by DNB comments
BELGIUM – The head of the Belgian pension fund association has responded with bewilderment to comments yesterday by the Dutch central bank warning funds about the dangers of going across the border to their neighbour.
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Aon survey casts doubt on pension buyouts
UK – Only up to 10% of UK companies are candidates for a buyout solution for their pension scheme within the next three years, according to a survey from Aon Consulting.
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NPRF taps JP Morgan for private equity admin
IRELAND – The €18.8bn National Pension Reserve Fund (NPRF) in Ireland has chosen JP Morgan to provide it with accounting and administrative services for its property and private equity investments.
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Sweden to boost employment of “older” workers
SWEDEN – Sweden plans to scrap the special employer’s contribution for all workers to encourage the employment of older people.
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Greece sets new pension governance rules
GREECE – Following the recent scandal about pension funds’ bond purchases the Greek government has issued new rules on selections of board members for state-controlled funds.
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AP7 awards pure alpha mandate
SWEDEN – The SEK80bn (€8.8bn) Swedish buffer fund AP7, Sjunde AP-fonden, has chosen Danske Bank for its pure alpha mandate.
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Avon awards hedge fund mandates
UK – The £2.1bn (€3.1bn) Avon Pension Fund has awarded a £210m hedge fund mandate to five managers alongside a UK unconstrained equity mandate and an active corporate bond mandate worth £100m each.
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German institutional asset mgmt fees ‘rise 10%’
GERMANY – Domestic asset managers providing active portfolio management raised their fees on institutional investors by up to 10% last year, according to a new study by consultant Georg Seil.
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Lærernes chooses high-yield boutiques
DENMARK – The DKK22.9bn (€3bn) Danish Teachers' Pension and Life (Lærernes Pension) has chosen two US high-yield boutiques to replace T. Rowe Price and Capital International.
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Norwegian state fund to raise equity exposure
NORWAY – Changes to the investment rules of the Norwegian Government Pension Fund announced today will see the fund’s equity exposure rise from 40% to 60%.
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High information ratios only short-term – WM
UK – Pension funds are only able to achieve high information ratios over short periods, a new study by WM Performance Services finds.
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Norway fund to axe cluster bomb firm – report
NORWAY – The Norwegian finance ministry has declined to confirm or deny a report that the Government Pension Fund – Global may withdraw investment from German arms maker Rheinmetall.
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IPE-QUEST: €895m in Dutch pension fund money
NETHERLANDS – One or more Dutch industry-wide pension funds are using IPE-Quest to tender for fixed income and real estate mandates worth $1.2bn (€895m) in total.
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Norwegian state fund drops gold mine firm
NORWAY – A South African gold mining company has been dropped from the portfolio of the NOK1.8trn (€221bn) Norwegian Government Pension Fund – Global for environmental reasons.
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European institutions win €263m from Shell
EUROPE – European institutional investors led by the two largest Dutch pension funds have won a landmark securities claim from Shell relating to the oil giant’s 2004 reserves misreporting scandal.
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Clwyd finds commodities and portable alpha managers
UK – The £793m (€1.2bn) Clwyd Pension fund has awarded a commodities and a portable alpha mandate as part of a major fund restructuring.
