All articles by Barbara Ottawa – Page 124
-
News
Pensions buy-out player Paternoster signs first deals
UK – The newly established pension fund buyout company Paternoster has signed its first five deals, a spokeswoman confirmed to IPE. However, no details were given.
-
News
Irish fund servicing industry reaches $1.2trn
IRELAND – Over $1.2trn (€955bn) in funds were serviced in Ireland as at 30 June 2006. The industry grew 28% over the last year, according to Lipper Fitzrovia’s 12th annual Dublin Fund Encyclopedia.
-
News
€30bn London fund merger proposed
UK – A new report will suggest merging London pension schemes into one or two funds with a combined value of approximately £20bn (€30bn), according to a newswire report.
-
News
RBC Dexia Europe chief exits over strategy
LUXEMBOURG – Michel Malpas, chief executive of RBC Dexia investor Services, the joint venture’s primary operating arm in Europe, has left the company.
-
News
Hampshire appoints seven new managers, looks into hedge funds
UK – The £2.5bn (€3.7bn) Hampshire County Council Pension Fund has completely overhauled its management structure. In a move from multi-asset to specialist managers it has re-appointed three of the old managers and awarded mandates to seven new managers.
-
News
ABP to increase hedge fund exposure
NETHERLANDS – The €200bn ABP pension fund of the Dutch civil servants will further raise its exposure to hedge funds in the future, Edwina Neal, CIO of equities at ABP, said at the Hedge 2006 conference in London. No details were disclosed but the exposure “will rise” she confirmed to ...
-
News
Fund managers now using cash - Merrill survey
GLOBAL - Investors are putting their cash back to work, following the 25% fall in the oil price, said Merrill Lynch’s David Bowers when presenting the findings of the firm’s October fund manager survey.
-
News
Put third of assets into hedge funds, Myners says
GLOBAL – The average pension fund should invest 25%-35% of its assets in hedge funds, says Paul Myners, the former Gartmore chief who wrote an influential report on institutional investment for the government.
-
News
RREEF nabs Coca-Cola UK real estate brief
REAL ESTATE - RREEF will run the real estate element of the Coca-Cola Enterprises Pension Scheme.
-
News
AP6 sees €16m in convertible bond deals
SWEDEN – The convertible bond product the Swedish buffer fund Sjätte AP-fonden, AP6, launched in January this year has been a success. Ideas for more product launches are being considered.
-
News
EU to look into French postal pension scheme
FRANCE – The European Commission will start an “in-depth investigation” into whether planned changes to the French pension scheme for public sector postal workers employed by La Poste will give the company an advantage over its competitors.
-
News
Institutions become more active - NAPF
UK – Large pension funds are taking a more proactive approach to engaging with companies to maximise returns for scheme members, a new research by the National Association of Pension Funds (NAPF) reveals.
-
News
Portugal agrees pension reform
PORTUGAL – Portuguese state pensions are going to be indexed to the country’s economic performance and life expectancy under new reform plans.
-
News
Institutional interest in hedge funds ‘to grow’
GLOBAL – Institutional flow into the hedge fund market will triple by 2010 to reach $1trn (€0.8trn), but only if returns continue to justify fees and higher risks and if managers can provide the quality demanded by institutions, according to new projections.
-
News
Which London fund sues BP?
UK – Confusion about exactly which London pension fund is taking oil giant BP to court over alleged negligence has, hopefully, been cleared up.
-
News
Leicestershire tenders targeted returns
UK – The £1.9bn (€2.8bn) Leicestershire County Council pension fund is looking for a targeted or absolute return manager to invest 5% of its portfolio.
-
News
Mercer launches multi-manager business in Europe
EUROPE – Mercer Global Investments (MGI) has formally launched its European multi-manager business from its Dublin office. At first it will target the UK and Ireland but it will seek to expand to continental Europe.
-
News
Ireland’s NPRF re-awards €6bn passive mandates
IRELAND – The €17.5bn National Pensions Reserve Fund has re-awarded €6bn in two passive equity mandates to the incumbent managers Bank of Ireland Asset Management/State Street Global Advisors and Barclays Global Investors.
-
News
Hedge funds past their peak, says UK’s Field
UK – Former UK pensions minister Frank Field reckons the best days of hedge funds are over.
-
News
Swiss schemes’ first-half returns barely positive
SWITZERLAND – In the first half of 2006 a sample of Swiss pension funds achieved a net overall performance of just under 0.6%, against 5.6% a year before.
