Investor Strategy – Page 116
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NewsTop officials call for more government bonds at IMF conference
Senior officials from 25 countries say credit analysis now as important as interest rate analysis.
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NewsSweden considers closing two AP funds in major review
Also considers guidelines limiting exposure to private equity and infrastructure.
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NewsDanish roundup: PKA, Silverland, PFA Pension, Carlsberg Byen
PKA invests €33.5m in African agriculture in response to rising demand for farming products.
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NewsColler survey finds investors happy with PE leverage
Coller Capital finds most limited partners feel buyout debt-to-equity ratios are about right.
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Fiduciary management 'most attractive' to schemes over £1bn
Chief executive of pension fund says price excludes schemes with fewer assets.
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NewsFrench SMEs embracing employee savings vehicles – AFG
FRANCE – Number of SMEs introducing savings vehicles for employees increased by 6% last year.
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NewsSolvency II will not stunt German real estate investment, says Ernst & Young
GERMANY – Company predicts 31% upturn in property deals this year. New regulations are not a concern.
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NewsReal estate returns 29% for Dutch chemical scheme DSM
Annual report reveals returns of close to 40% on US property, with EM equity yielding 27%.
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NewsWater management must be core of ESG strategy, says EIRIS
Investors must force companies to be aware of water risk and its impact on balance sheets.
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MNOPF appoint Hymans Robertson to 'monitor and challenge' Towers Watson
Consultancy will play checks and balances role, overseeing decisions made by delegated CIO.
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Sovereign funds stepped up direct investment in 2010, finds report
Emerging markets increasingly of interest for SWFs but Asia retains 41% of direct investments.
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NewsF&C claims shareholder victory over German stealth takeovers
GERMANY – Asset manager campaigned for ban on tactic that allowed undisclosed acquisition of majority stakes.
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Hungarian funds dispute supervisor's claim on indirect investments
Hungarian regulator says indirect investments raised investment costs, lowering net returns.
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NewsHSBC Global Asset Management launches two EM funds
UK asset manager sets up new emerging market funds due to high levels of interest from investors.
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NewsDiscrepancies in valuations create opportunities, says Goldman's O'Neill
GSAM chairman Jim O'Neill dismisses attempts to decouple equity performance from economic growth.
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NewsAlternative beta interesting but tricky, says Bayer-PK CFO
Stefan Nellshen says while interesting, the option also poses number of risk management challenges.
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NewsCPPIB, Allianz acquire stake in Norway's Gassled
Investment sees consortium buy 24.1% stake for NOK17.3bn (€2.2bn).
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NewsRomanian Pension schemes 'can and must' invest locally, urges regulator
ROMANIA – Regulator says lack of investment opportunity will result in capital flight.
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NewsFinnish state pension to increase alternative asset allocation
Valtion Elakerahaston sees new opportunities in the alternative asset class in Asia.




