All articles by Carolyn Bandel – Page 72
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News
Horeca taps SPF for €40m private equity brief
NETHERLANDS – Pensioenfonds Horeca & Catering, the €2bn Dutch hotel and catering scheme, has awarded SPF Beheer with a €40m private equity mandate, as part of its 5% weighting target in the asset class.
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Dutch funds’ duration lengthens, DNB says
NETHERLANDS – Pension funds with an invested capital of between €100m and €10bn have seen the average duration of their portfolio go up by one and a half years, the Dutch central bank (DNB) said today.
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Dutch institutions enter hedge fund debate
NETHERLANDS – Dutch institutional investor organisation Eumedion, representing some €800bn of assets, has demanded that Stork’s majority shareholders and activist hedge funds Centaurus and Paulson take a clear position on the Dutch industrial group.
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Watson Wyatt’s de Maar joins Dutch doctors’ fund
NETHERLANDS – Watson Wyatt’s Stefan de Maar in an unusual move has switched from investment consulting to join the Dutch €11.7bn Doctors Pension Funds Services (DPFS).
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Netherlands sticks with two pension regulators
NETHERLANDS – The Dutch pension system will still be supervised by De Nederlansche Bank (DNB) and the Autoriteit Financiële Markten (AFM), according to the government.
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BankPension awards European equity mandate
DENMARK – The DKR11.4bn (€1.52bn) BankPension, an industry-wide pension fund for employees in the finance sector, will award a Los Angeles-based fund manager with a $10m European equity portfolio.
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BTPS equity exit not a bearish signal - Hermes
UK – The BT Pension Fund’s ditching of about a third of its £9.7bn (€14.3bn) UK equity portfolio in favour of alternative investments is “not a bearish signal”, according to fund manager Hermes.
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Norwegian Global fund reviewing strategy
NORWAY – The NOK1.5trn (€180bn) Norwegian Government Pension Fund is reviewing its “low return volatility” investment strategy, says the central bank.
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Hoogovens awards €5bn custody mandate
NETHERLANDS – The €5.1bn Stichting Pensioenfonds Hoogovens, the pension fund of steelmaker Corus Netherlands, has named ABN Amro Mellon Global Securities Services as its new global custodian.
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Mercer affected as parent axes 750 jobs
GLOBAL – Mercer Human Resource Consulting will bear some of the brunt of parent company Marsh & McLennan Companies decision to cut 750 jobs.
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Manchester firefighters want pensions admin
UK – The Greater Manchester Fire and Rescue Authority is tendering for a five year “framework agreement” for the provision of a firefighters’ pension scheme system.
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ABP taken to court over age discrimination
NETHERLANDS – The new Dutch Alternative Labour Union (AVV) says it has taken giant pension fund ABP to court over age discrimination in the pre-pension for government employees.
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UK national scheme seen impacting trustees
UK – Plans to introduce a national pensions savings scheme could have knock-on effects for existing pension fund trustees, a conference was told today.
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PWC aims to eliminate own pension deficit
UK – Kieran Poynter, UK chairman of consultancy firm PricewaterhouseCoopers (PWC), has announced the firm’s £140m commitment of additional funding will eliminate its staff pension fund deficit over the next three years.
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NPRF invests €44m in property fund
IRELAND – Ireland’s National Pensions Reserve Fund is to invest £30m (€44m) in specialist property fund The Mall as part of its €135m commitment to real estate.
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Mercer Netherlands’ manager Sprenkels leaves
NETHERLANDS - Ruud Sprenkels, head of the Netherlands at consulting firm Mercer Human Resources, has resigned (amends title).
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Europe’s investors ‘in love’ with finance stocks
EUROPE – European investors have a “love affair with finance stocks” says Merrill Lynch Investment Manager’s David Bowers, following the firm’s September fund manager survey.
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Vervoer to utilise Mcube's AlphaEngine for fiduciary oversight
NETHERLANDS – The Dutch industry wide transport fund Pensioenfonds Vervoer has hired American investment technology firm Mcube to help it “measure, manage and monitor” its fiduciary investments, the fund announced today.
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Quality control and search engine for Dutch schemes
THE NETHERLANDS - Dutch political parties are proposing to put into place a quality control certification for all Dutch pension funds. If implemented, contributors and pensioners will have the option to find out the current financial situation of their pension fund, its quality control and overall performance.
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PGGM hires SER chairman Rinnooy Kan as advisor
NETHERLANDS – Alexander Rinnooy Kan has been appointed as advisory member of PGGM’s executive investments committee, the €74bn Dutch pension fund for health care and social work announced.
