Investor Strategy – Page 144
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News
APG makes first IMQubator investment
[16:30 CEST 02-06] NETHERLANDS – IMQubator, an innovation project backed by asset manager APG, has selected its first investment target with an allocation of €25m, and bought into a start-up fund combining an absolute return strategy with a new take on sustainability.
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News
Cardano to tackle Express Group’s pension solvency
[15:45 CEST 01-06] UK – The UK office of consulting firm Cardano has been appointed as the ‘solvency manager’ to the trustees of the Express Newspapers 1988 Pension Fund.
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News
Mercer adapts service to aid dynamic de-risking
[15:30 CEST 01-06] UK – Mercer, the consulting firm, has created a spin-off to its implementing consulting service for the UK pensions market, to allow trustees to delegate much of the day-to-day decision-making related to funding levels.
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DB woes make Netherlands less competitive - Aon
[16:30 CEST 29-05] EUROPE - Dutch companies have been the hardest hit in Europe by pension fund deficits affecting their business competitiveness, according to Aon.
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AP funds told to review costs and operations
[16:00 CEST 29-05] SWEDEN – The Swedish government has launched a review of the Swedish AP funds' costs management in light of last year’s poor investment performance, which suggests the merger of some operations has not been ruled out.
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'Failed' industry-wide schemes could lose members
[16:20 CEST 27-05] NETHERLANDS - Almost one in four Dutch pension funds with mandatory membership did not pass a key investment performance test between 2004 to 2008 and could potentially lose sponsoring employers as a result, according to VB, the Dutch association of industry-wide schemes.
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FRR seeks real estate and transition managers
[17:00 CEST 27-05] FRANCE – The Fonds de Réserve pour les Retraites (FRR), the French pension reserve fund, has launched a search for four investment managers to run transition and real estate portfolios for the €26bn fund.
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NewsIIGCC calls for more 'effective' carbon markets
[17:10 CEST 22-05] EUROPE – The Institutional Investors Group on Climate Change (IIGCC) has proposed a number of measures to boost the effectiveness of carbon markets and raise money from the private sector to fund climate change mitigation.
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NewsInvestment triggers 'could derisk pensions'
[17:10 CEST 22-05] GLOBAL – Applying some form of ‘trigger point’ at which investment returns could be collected might be a way of derisking pension schemes and removing the emotional draw some trustees attach to certain assets, suggests consulting firm Lane, Clark & Peacock.
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News
Country-specific risk changes could lower funding - LCP
[17:00 CEST 22-05] GLOBAL – Companies with pension arrangements in several countries have been advised by Lane, Clark & Peacock to consider potential changes to funding levels and terms at local schemes based on the overall benefit it will bring to the company, and look at shifting from one country to another if it will lower the overall risk pressures.
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News
Public sector reform to boost Romanian pensions
ROMANIA – Second pillar pensions funds in Romania could see a significant boost to membership in the coming years, according to pension experts, as the government is introducing reforms to cut its budget deficit which include reducing the non-contributory pensions for some public sector workers.
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News
AP6 acquires bankrupt iron foundry
[17:00 CEST 21-05] SWEDEN – Sjätte AP-fonden (AP6) has confirmed it has acquired Arvika Gjuteri, an iron foundry, after the firm was declared bankrupt last week.
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NewsTapping engaged members 'could improve lifecycling'
[16:15 CEST 21-05] GLOBAL – Improvements could be made to lifecycle strategies within defined contribution pensions if trustees were to base their default designs more on the needs of “guided-selector” members who might already engage in decision-making, suggests research conducted by consulting firm Watson Wyatt.
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NewsUK buyout market halved in Q1
[17:00 CEST 20-05] UK – The UK defined benefit (DB) buyout market reduced by 50% in the first quarter of 2009, as the total value of agreed transactions totalled less than £900m (€1.02bn).
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News
Pensions insurance might work long-term - advisers
[16:30 CEST 20-05] GLOBAL – Some form of insurance or ‘lock-in protection’ might be a solution to the risk of investing in defined contributions pensions, but the industry must in the short-term do much more to inform members about the risks they face, say consultants.
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News'Japan scenario' could seriously affect pensions - DNB
[15:15 CEST 20-05] NETHERLANDS - Future pension benefits for Dutch workers could be affected if interest rates stay low and markets do not recover, pensions regulator De Nederlandsche Bank has claimed.
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NewsDiversified growth to play key role in DC default
[17:00 CEST 19-05] GLOBAL – Consulting firm Lane, Clark & Peacock is advising pensions clients to adopt a new lifestyling default strategy for defined contribution (DC) plans which for the bulk of the investment period is equally split between equities and diversified growth investments.
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News
Overlay touted as swaps alternative
[16:00 CEST 19-05] EUROPE – Pimco, the asset manager, has suggested pension funds who were considering applying an interest rate swap to their portfolios should instead look to a gilts overlay or equity futures to gain better returns.
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News
Increased interest hedge cushions TNT’s loss
[15:15 CEST 19-05] NETHERLANDS - The €3.8bn pension fund of postal company TNT saw its losses considerably limited last year, officials claim, as the interest hedge on liabilities was increased from 53% to 75%.
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News
Croydon pension fund targets GTAA
[17:25 CEST 15-05] UK – Croydon Council is seeking a supplier for the combined roles of providing Tactical Asset Allocation (TAA) advice to its pension fund while also managing a £25m (€28m) Global Tactical Asset Allocation (GTAA) mandate.
