All Features articles – Page 290
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Features
Bucking the trend
On average pension funds in Sweden allocate 55% to 60% to equities, making them somewhat more risk friendly than some of their counterparts in continental Europe. But where the funding position is more comfortable, it seems that funds will happily move towards a more conservative position. An example of such ...
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Features
Plus ca change
One of the aims of arranging that the first four of the six AP buffer funds in Sweden have the same initial strategy was that putting the eggs in four baskets was considered less risky than putting them all in one. Three-and-a-half years on, a study published by the ministry ...
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Features
Citigroup throws down global real estate gauntlet
The new chief executive of Citigroup’s real estate arm has outlined its plans to create a “top tier” global real estate investment management business in an interview with IPE Real Estate. “Our mandate is to become a top tier global real estate investment manager and to create institutional-quality investment opportunities ...
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Features
Too local for comfort
At the Novartis Pensionskasse, one of Switzerland’s leading pension institutions, the mood for risk is muted. Exposure to equities was reduced from 31% at the end of 2002 to 16% a year later; the target for this year is 20%. “The markets are still rather over-valued,” says Gino Pfister, pension ...
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Features
Working within constraints
Norway’s pension funds are highly regulated, at least as far as funding and investments are concerned. Kjell Taftø, managing director of the Trondheim Kommunale Pensjonskasse, says that the need to produce an minimum annual level of return restricts investment freedom. “I would like to see fewer regulations, particularly in the ...
