All articles by Carolyn Bandel – Page 69
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Denmark’s ATP in €1bn hedging loss
DENMARK – The DKK371.5bn (€50bn) Danish supplementary pension scheme ATP has unveiled a loss of more than €1bn after tax on its hedging portfolio.
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Insurers fight cost issue in UK’s planned NPSS model
UK – Cost is not a key-factor in the choice between the delivery options for the government’s planned Personal Accounts scheme, as the proposed centralised model will only provided limited economies of scale, according to a report from the UK’s insurance industry.
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Nordea assets inflows exceed €1bn
NORTHERN EUROPE – Nordea, the financial services group in the Nordic and Baltic region, has seen an inflow of €1.1bn in institutional assets under management as supposed to an outflow of €200m last year.
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Horeca in admin tie-up with Dutch UWV
NETHERLANDS – In a deal with Dutch Employees’ Insurance Institute (UWV), the €2bn Pensioenfonds Horeca & Catering (PH&C) is to use the institute’s employment data, the fund announced today.
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Studies find private equity taking strong hold among Europe’s investors
EUROPE – European institutional investors’ growing appetite for diversification and the “superior returns” of private equity is set to encourage rapid growths in the asset class, studies have revealed today.
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Collapsed scheme compensation case to go to full hearing
UK – Pension campaigners, challenging the government’s refusal to compensate members of collapsed occupational pension schemes, have won the right for a full hearing next year, a High Court judge has ruled.
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Former Hermes strategy head new CIO at US University fund
UK – Hermes’ James Walsh has been nabbed by the $5bn (£2.35bn) Cornell University fund in the US as the endowment’s new chief investment officer.
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Municipality tenders ‘Silver Fund’ mandate
BELGIUM – The Belgian municipality Wervik is looking to put a mandate of €600,000 in to a so-called ‘Silver Fund’.
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Three UK LAs tender mandates totalling €400m
UK – Three local authority pension funds in the UK are tendering almost £400m (€550m) in Asia Pacific, global and UK unconstrained equity mandates.
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Dutch Kas Bank expands by hiring in UK
NETHERLANDS – TradeShare’s Andrew Caird has been appointed as KAS Bank’s London-based manager new business development institutional investors, in a move to increase its focus on the UK institutional market.
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BNP Paribas offers global custody to Swiss institutions
SWITZERLAND – French bank BNP Paribas’ Securities Services, the provider of securities services and investment operations solutions, has expanded its global custody service to Switzerland, the firm announced today.
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EU Commission report to analyse UCITS
BELGIUM – The European Commission’s Directorate-General for Internal Market and Services is looking to commission a €600k comparative analysis of investment funds in the European Union.
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Towers Perrin opens office in Apeldoorn
NETHERLANDS – Consultancy firm Towers Perrin says it has opened an office in the Dutch town of Apeldoorn.
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More details about ABP’s new Hong Kong office
NETHERLANDS – Dutch pension giant ABP, at €201bn Europe’s largest pension fund, has announced a launch date and the key executives for its new Hong Kong office.
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Dutch government confirms FTK requirements
NETHERLANDS – The Dutch Minister of Social Affairs Aart Jan de Geus will adopt some of the stricter FTK-requirements for the financial supervision of pension funds made by De Nederlandsche Bank.
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Morgan Stanley loses UK transport dept. mandate
UK – Investment manager Morgan Stanley Quilter (MSQ) has not been reappointed as fund manager of the UK’s General Lighthouse Fund (GLF), it emerged today.
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IPE-QUEST: Scandinavian fund tenders US high yield debt
SCANDINAVIA - A Scandinavian pension fund has tendered an initial $50m (€39.9m) in American high yield debt via IPE-Quest.
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Fidelity makes three new Dutch hires
NETHERLANDS – Investment manager Fidelity International’s Dutch branch expands its sales and marketing team with three new appointments in a move to strengthen its “local presence” in the Netherlands, the manager has announced.
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Paymaster outsources €10.5bn pension payments to Citigroup
UK – American financial service provider Citigroup’s Global Transaction Services has struck a deal with UK pensions administrator Paymaster to provide the firm with international payments services.
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Wilshire and Dow Jones in global index launch
GLOBAL – Global investment service provider Wilshire Associates together with global index provider Dow Jones Indexes has launched a new world equity markets index family, the firm has announced.
