All articles by Barbara Ottawa – Page 119
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News
Norges Bank looking to hire custody specialist
NORWAY – Norges Bank Investment Management (NBIM) is looking to appoint a new investment operations administrator on the equities team.
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News
€1.2bn Southwark pension fund in portfolio overhaul
UK – The £780m (€1.2bn) Southwark pension fund has appointed Alliance Bernstein and Newton Investment Management as complementary global equity managers. This is part of a major overhaul of the fund’s investment structure.
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IPE-Quest: Japan equity, infrastructure, and EM bonds
EUROPE – Three new searches have been filed on IPE-Quest. A German investment consultant is seeking to award a $100m (€76m) global infrastructure mandate (QN684). A European industry-wide pension fund is looking to award a $200m Equity Large Cap Core Japan mandate (QN685) and in QN 686, a continental European ...
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News
Danish pension fund in high yield manager search
DENMARK – The DKK 22.9bn (€3bn) Danish Teachers' Pension and Life (Lærernes Pension) pension fund is looking for a US high yield manager via IPE-Quest for a mandate in excess of DKK 285m.
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News
Frijns steps down as Kempen board member
NETHERLANDS – Jean Frijns, former head of investments at ABP, has stepped down as member of the supervisory board at the Dutch bank Kempen. Following Kempen’s takeover by Van Lanschot, the whole board resigned at the end of 2006.
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Irish pension managed funds returned 13% in 2006
IRELAND – Irish pension managed funds had an average return of 13% in 2006. This is eight percentage points less than in 2005.
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News
Hewitt wins €1bn advisory mandate with Arriva
UK – Hewitt Associates has been appointed global corporate employee benefits adviser to the Arriva group’s pension schemes worth around £750m (€1.1bn).
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News
SSGA wins €151m mandate from Denmark’s PKA (updated)
DENMARK – The Pensionskassernes Administration (PKA) has awarded a $200m (€151m) active equity mandate to State Street Global Advisors (SSGA).
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News
WM survey puts UK fund returns at 10% for 2006
UK - Pension funds in the UK finished 2006 with overall returns of 10%, WM Performance Services found in its latest survey, which covers two-thirds of the UK pension fund market.
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US law firm comes to London to advise European investors
EUROPE – US law firm Cohen, Milstein, Hausfeld & Toll is setting up an office in London in mid-January to advise European institutional investors on litigation against corporates.
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Ireland’s NPRF returns 12.3% in 2006
IRELAND – The €18.8bn National Pensions Reserve Fund (NPRF) returned 12.3% on its investment in 2006 a report revealed. That is 7.3% less than in 2005, which was a year of exceptionally high returns for the NPRF.
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News
New editor for IPE magazine
Investment & Pensions Europe is to have a new a new editor as from mid-February to take over from founding editor Fennell Betson, who will become editorial director of IPE.
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Features
Building stronger portfolios
Pension funds should build stronger portfolios to brace themselves for worst-case scenarios rather than just researching them a panel discussion ‘Where are the markets moving and how to react’, that was moderated by Karel Stroobants, chairman of Akkermans Stroobants & Partners. “We were too often disappointed by diversification when we ...
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News
Littlewoods brings pensions in-house
UK – Sue Nimmo has been appointed pensions manager for the Littlewoods Shop Direct Group.
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News
EU pension scheme looking for actuary
EUROPE – The European Court of Auditors is looking for an actuary for the annual calculation of liabilities of the unfunded scheme for EU civil servants (PSEO).
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News
€5bn in Italian TFR money looking for managers
ITALY – Under the new law on the severance pay (TFR) an estimated €5bn is to flow into private pension funds.
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News
New Nestlé pension arm takes over
EUROPE – The newly created Nestlé Capital Management (NCM) is to take over from Nestlé UK Pension Trust Ltd or Fonds de Pensions Complementaire Nestlé as investment manager for the company’s in-house Robusta funds.
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News
Denmark’s PFA Pension names new CIO
DENMARK – Henrick Franck will become the new chief investment officer for the DKK 206.4bn (€27.7) Danish life insurer PFA Pension as of April 1 2007.
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News
Varma CEO to chair new market association
FINLAND – Matti Vuoria, chief executive of Varma Mutual Pension Insurance Co., has been elected chairman of Finland’s new Securities Market Association.
