All articles by Barbara Ottawa – Page 59
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NewsGerman dentist fund goes into indirect real estate, mulls private equity
GERMANY – The €2.1bn pension fund for the dentists of the west-German region of Westfalen-Lippe is pulling out of direct real estate and looking to diversify its alternative investments.
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NewsECJ ruling forces German local authorities to tender pension services
GERMANY – The European Court of Justice (ECJ) has ruled that large German local authorities must tender occupational pension services – and Denmark fears it might be next.
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NewsDeutsche Börse to target pension funds directly
GERMANY – Stock exchange operator Deutsche Börse wants to "increase direct business with institutional investors", including pension funds, according to chief executive Reto Francioni.
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NewsExpert commission pressures Czech government on second pillar
CZECH REPUBLIC – The chief demand of a final report drafted by an expert commission on the Czech pension system has been the introduction of a mandatory second pillar.
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NewsNestlé PK chief criticises German stress tests, plans EM diversification
GERMANY – Short-term regulatory demands are leading pension funds into damaging cyclical behaviour, according to Peter Hadasch, head of the €780.6m corporate Pensionskasse for Nestlé Germany.
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NewsCredit Suisse Swiss Pension Fund index falls sharply
SWITZERLAND – The Credit Suisse Swiss Pension Fund index fell by 2.4% in the second quarter, bringing its overall performance for the first half of the year to -0.06%.
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NewsToo many 'active' funds are passive, study finds
EUROPE – Institutional investors are paying for active management, but getting de facto benchmark huggers, according to a recent study.
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NewsSwitzerland to commission survey on second-pillar costs
SWITZERLAND – Lowering administrative costs in the second pillar will be the primary aim of a Swiss government initiative that will start by commissioning a survey on the subject.
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NewsSwitzerland's Ethos foundation weighing options on UBS class action
EUROPE – Switzerland's Ethos foundation is keeping "all options open" in its struggle to start legal proceedings against former board members at UBS, including joining a class action suit.
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NewsBoard calls for insolvency levy changes to Germany's PSV
GERMANY – The German pension insolvency fund, Pensionssicherungsverein (PSV), is thinking to adopt a more risk-based levy and increase reserves, according to Dieter Hundt, chairman of the supervisory board.
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NewsCanton of Zurich pension fund scandal widens
SWITZERLAND – The corruption scandal at the Zurich civil servants' fund (BVK) has taken another dramatic turn, as yet another arrest has been made.
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NewsSwiss ECOFIN co-founder's views on passive investment 'naïve'
SWITZERLAND – Herbert Brändli, head of the €2.2bn Swiss pension fund Profond, has slammed a recent article written by industry expert Martin Janssen and rejected the notion that active investment in particular lends itself to criminal activity in pension funds.
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Romanian pension funds return nearly 10% in H1
ROMANIA – Mandatory second-pillar funds in Romania returned 9.9% over the first half of 2010, and plans to cut contributions are now off the table, according to the Romanian pension fund association APAPR.
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News€1.3bn Ascoop spin-off starts operations, sets out SAA
SWITZERLAND – Symova, the spin-off Pensionskasse for companies in the transport sector, has started operations, while Ascoop is facing liquidation.
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NewsGerman pension funds focus on liquidity, poll says
GERMANY – Among German institutional investors, pension funds are the least concerned about security when making investment decisions, according to a poll commissioned by alternatives manager Aquila Capital.
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NewsBosch boosts alternatives
GERMANY – The German technology multinational Bosch is close to achieving its 10% strategic asset allocation to alternatives for its Pensionsfonds.
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Complementa not under suspicion, public prosecutor confirms
SWITZERLAND – In the ongoing scandal over alleged corruption at the Canton of Zurich pension fund (BVK), the fund’s investment controller Complementa has now received confirmation from the public prosecutor that it is not under suspicion.
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Austria’s APK to up absolute returns, Valida underweights credit
AUSTRIA – Austria’s APK Pensionskasse plans to increase absolute return investments, while its competitor Valida Pension is to reduce its allocation to credit.
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Nordic institutional investors abandoning long-term SAA, says Union
EUROPE – German asset manager Union Invest is seeing increasing demand in its absolute return and capital preservation strategies, particularly among Anglo-Saxon and Scandinavian institutional investors.
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NewsSwiss corruption saga continues as media storm gathers over Complementa
SWITZERLAND – The Swiss media has swarmed around yet another player in the ongoing corruption scandal involving the civil servants pension fund for the canton of Zurich (BVK).
