All articles by David White – Page 6
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News
Swedish Minister warns of transparency law
SWEDEN - Sven-Erik Österberg, the Swedish Minister for Local Government and Financial Markets, has warned that he may introduce a new law to compel private equity and venture capital companies to disclose information about their borrowing.
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News
Swedish regulator voices concern on private equity
SWEDEN - Sweden’s financial supervisory authority, Finasinspektionen (FI), has said it is worried about the rising levels of debt in private equity and venture capital companies and has called for greater transparency in their activities.
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News
OECD invites comment on occupational pensions
GLOBAL - The Paris-based Organisation for Economic Co-operation and Development (OECD) is inviting public comment on draft guidelines on the funding of occupational pension schemes.
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Features
Waiting to be discovered
When pension funds invest in traditional assets like equities and bonds they expose themselves to unintended sources of risk. The main sources unintentional risk are volatility and dividend yield for equities and credit spreads and liquidity for bonds. Once they detect these sources of risk most funds will either carry ...
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Features
Fiduciary move for the long haul
The Dutch pension industry has seen two ground breaking initiatives in the past 12 months, both involving US based asset managers. The first was the decision by the electronics firm Philips to hand the management of its pension fund to Merrill Lynch Investment Managers The second was the decision of ...
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Features
Go forth and multiply - or pay
Adult children have historically been the pensions providers of the elderly, providing their parents with financial support, shelter, or care. In the past, this arrangement gave couples a strong incentive for having children. Today, as the Swedish economist Gunnar Myrdal predicted, state pay-as-you-go (PAYG) systems have removed this incentive. Pensions ...
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News
Italy’s Prevedi seeking asset managers
ITALY - Prevedi, the complementary pension fund for employees in the industrial and building companies is looking for up to four asset managers to manage its €24m portfolio.
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Features
Key to business cycles
The concept of business cycles is relatively modern phenomenon. In the 19th century business cycle were perceived as temporary economic crises. In the 20th century economists began to chart the regularity with which these crises occurred and to regard them as predictable rather than random. Different economic cycles have different ...
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Features
Exponential growth for Doverie
One of the effects of Bulgaria’s accession to the European Union next year would be to relax significantly the investment restrictions on the country’s second and third pillar pension funds. Bulgaria has already relaxed its investment restrictions on pension fund investment to conform with European pension legislation. This has removed ...
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News
Italian airline scheme appoints asset managers
ITALY - Fondav, the complementary pension fund for airline cabin crew, has appointed its first asset managers to manage a portfolio of more than €27m.
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Features
Holding to your course
Anyone searching for evidence that the dash from equities into fixed income by pension funds was not a universal phenomenon in the UK need look no further than the West Midlands Pension Fund. The Wolverhampton-based fund, with assets of around £7bn (e9.5bn 8.6bn) administers the Local Government Pensions Scheme (LGPS), ...
