Funding – Page 172
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ABP sees strong profit in alternatives
[15:00 CET 16-01] NETHERLANDS - Alternative investments was the best returning asset class for the large civil service pension scheme ABP, while total returns on investments reached 3.8% during 2007.
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Aargau to pay CHF1.7bn into pension
[14:00 CET 21-12] SWITZERLAND – Standard & Poor’s has awarded the Swiss canton of Aargau the top credit rating ‘AAA’ partly because of the region’s commitment to fully fund its Pensionskasse from next year.
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25% of CEE wealth to grow from pension funds – UniCredit
[16:10 CET 06-12] EUROPE – Over the next two years pension fund assets will increase household wealth in Central and Eastern Europe by €83bn which is one fourth of the total growth, banking group UniCredit finds.
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100,000 waiting at PPF doorstep
[13:00 CET 29-10] UK – At least 170 pension schemes in deficit are now in the assessment period, the Pension Protection Fund (PPF) disclosed in its annual report.
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Aargau scheme in search for new members
SWITZERLAND – Aargauische Pensionskasse (APK), a CHF6bn (€3.7bn) pension fund for civil servants in the northern canton of Aargau, has posted an an above-average return for 2006 and said that it will open its doors to extra-cantonal employers.
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ABP returns 9.5% for 2006 and announces new strategic portfolio
NETHERLANDS – Giant Dutch pension fund ABP booked a fourth quarter return of 3.9%, and a total return of 9.5% for 2006, raising the scheme’s entire assets to €209bn.
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€5.3bn Hoechst fund wary of alternatives
GERMANY – Hoechster Pensionskasse (HPK), the €5.3bn pension fund for companies that were part of the old Hoechst chemical conglomerate, says it is wary of investing in alternative asset classes currently due to what it perceives as weaknesses with the products.
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Negative returns at Dutch transport, postal funds
NETHERLANDS - The Spoorwegpensioenfonds SPF has booked negative returns of -2.5% during the second quarter of 2006, the €11.1bn scheme reported.
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IBM members fear €7.2bn pension fund sell-off
UK – Fears have emerged that computer giant IBM may decide to sell its £4.9bn (€7.2bn) UK defined benefit pension plan now it has returned to being fully-funded.
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Big Dutch funds increase equity trading – paper
NETHERLANDS - The largest Dutch pension funds are becoming more active as equity traders, keeping shares for increasingly shorter periods in their portfolios, a survey has shown.
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Equity, real estate boost Dutch medics
NETHERLANDS – Equity and real estate were the main drivers behind above-benchmark returns at the €4.7bn scheme for Dutch medical consultants, Stichting Pensioenfonds Medisch Specialisten.
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Equity and real estate drive Stork’s returns
NETHERLANDS - With returns of 29.3% and 29.1% respectively, equity and real estate were the main drivers behind a 14.7% annual return last year at the €2.9bn pension fund of industrial group Stork.
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€4.7bn MNOPF gradually migrating to bonds
UK – The £3.2bn (€4.7bn) industry-wide Merchant Navy Officers Pension Fund, which is currently in the middle of its triennial valuation, is looking to gradually shift from equities to bonds.
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Dutch funds return 14.8% - WM
NETHERLANDS – Dutch pension funds returned 14.8% in 2005, according to results from WM Performance Services’ Universe of Dutch Pension Funds.
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ABP explains global real estate strategy
REAL ESTATE – Stichting Pensioenfonds ABP, the €200bn Dutch civil Service scheme, has decided not to invest in Russian real estate but is currently enacting deals in Mexico and Brazil (This story first appeared on www.iperealestate.com.)
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Aargauische Pensionskasse returns 13%
SWITZERLAND – Aargauische Pensionskasse (APK), a €3.2bn pension fund for Swiss civil servants, says a strong performance by its equity and commodities investments helped it achieve a 13% return on assets in 2005 – its best ever.
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ABP grows by €8.6bn to €186.9bn
NETHERLANDS – Stichting Pensioenfonds ABP, Europe’s largest pension fund, got even bigger in the third quarter – growing by €8.6bn to €186.9bn with a 4.6% investment return.
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ABP hit by low interest rates
NETHERLANDS - Stichting Pensioenfonds ABP, Europe's largest pension fund, says its financial position "deteriorated" in the second quarter due to low interest rates.
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ABP rejigs investment process in drive for alpha
NETHERLANDS - Europe’s largest pension fund ABP has restructured completely how it goes about managing its assets. The E170bn fund has switched to being predominately in-house managed and is 100% on an active basis dedicated to producing alpha.
