Investor Strategy – Page 155

  • News

    Costs could drive more pension mergers - Rohde

    2008-11-21T10:45:00Z

    [11:45 CET 21-11] DENMARK - Growing pressure on pension funds to take advantage of economies of scale, particularly in the current financial climate, could lead to the end of smaller company pension funds, the chief executive of ATP has predicted.

  • Complex products need transparency to survive
    News

    Complex products need transparency to survive

    2008-11-21T10:35:00Z

    [11:35 CET 21-11] EUROPE - The credit crisis will not signal the end of complex products but there will be a reversion by some investors to "dull and boring products", delegates at the IPE awards have been told.

  • Call for pension sea change
    News

    Call for pension sea change

    2008-11-21T10:30:00Z

    [11:30 CET 21-11] EUROPE - Pension funds, asset managers and consultants need to completely change the way they are working together to ensure the future of pension provision but not through new outside regulation, Amin Rajan, CEO of Create-Research, told delegates at the IPE seminar in Barcelona yesterday.

  • Returns drive Turkish demand for fixed income
    News

    Returns drive Turkish demand for fixed income

    2008-11-21T10:15:00Z

    TURKEY - The global finance crisis is encouraging Turkish pension savers to transfer their assets to fixed income pension funds, according to Meral Egemen, general manager of AvivaSA, the €631m joint venture between Aviva Plc and Turkey’s Sabanci group.

  • News

    Infrastructure needs investment - Boender

    2008-11-21T10:00:00Z

    [11:00 CET 21-11] NETHERLANDS – Guus Boender, and asset liability management professor and partner of ORTEC in Rotterdam, is calling on pension funds to look beyond 'financial titles and invest in logistical and social infrastructure of countries.

  • News

    Longevity risk is the 'main issue' for pension funds

    2008-11-21T09:45:00Z

    [10:45 CET 21-11] EUROPE - Pension funds' "exposure to longevity risk" is still the main liability issue facing pension funds today, Professor David Blake, director of the Pensions Institute at Cass Business School, has warned.

  • Managers urge funds 'ask questions'
    News

    Managers urge funds 'ask questions'

    2008-11-20T15:10:00Z

    [16:10 CET 20-11] IPE SEMINAR – Asset managers say pension funds should ask a lot of questions on managers’ approaches and general market assumptions in times of crisis, in order to make the right investment decision.

  • News

    Dutch given option to delay state pension

    2008-11-20T11:30:00Z

    [12:30 CET 20-11] NETHERLANDS - Dutch citizens will be given the opportunity to delay receiving their state pension AOW for up to five years, in return for a higher benefit payout.

  • News

    Diversification impact 'has decreased' - Verhaegen

    2008-11-20T11:00:00Z

    [12:00 CET 20-11] EUROPE - The global economic crisis has led to a decreased effectiveness of portfolio diversification for pension funds, according to Chris Verhaegen, secretary general for the European Federation Retirement Provision (EFRP).

  • News

    Neyt warns pension funds 'plan for the worst'

    2008-11-20T10:30:00Z

    [11:30 CET 20-11] EUROPE - Pension funds may be experiencing fewer liquidity problems than other institutions but they must plan ahead in case market conditions worsen, suggests Philip Neyt, chairman of the Belgian Association of Pension Funds and vice president of Public Affairs and Mergers and Acquisitions for Belgacom Group.

  • News

    Nestlé scheme mulls 'Wiki-style' risk budgeting

    2008-11-20T10:00:00Z

    [11:00 CET 20-11] SWITZERLAND – Swiss risk and asset management Fundo is working together with Vevey-based food firm Nestlé on an “open source-minded” financial risk management system, IPE has learnt.

  • News

    SSgA wins Hillingdon's multi-asset mandate

    2008-11-19T13:00:00Z

    [14:00 CET 19-11] UK – The London Borough of Hillingdon has appointed State Street Global Advisors (SSgA) to run a passive multi-asset portfolio for its £504.3m (€599m) pension fund.

  • News

    Scandinavian scheme to invest in small cap Japan

    2008-11-19T11:00:00Z

    [12:00 CET 19-11] SCANDINAVIA – An industry-wide pension fund is looking for a manager for a $30m (€24m) Japanese small-cap equities mandate, using IPE Quest.

  • News

    USS to aim for 30% alternatives target

    2008-11-18T15:00:00Z

    [16:00 CET 18-11] UK – Officials at the UK’s second-largest pension fund, the Universities Superannuation Scheme, are planning to alter the asset allocation to make alternatives worth up to 30% of the total portfolio.

  • British Coal scheme seeking investment head
    News

    British Coal scheme seeking investment head

    2008-11-12T14:31:00Z

    [16:30 CET 12-11] UK - The £10.9bn (€13.2bn) British Coal Staff Superannuation Scheme is looking for a new chairman of its investment sub-committee to replace former Watson Wyatt partner Nick Watts, who has left “by mutual consent”.

  • News

    Julius Baer investment chief departs

    2008-11-11T11:13:00Z

    [12:20 CET 11-11] SWITZERLAND - Beat Wittmann, chief executive of investment products at Swiss private banking group Bank Julius Baer & Co. Ltd., is to depart after less than a year in the job amid a major rethink of strategy.

  • News analysis: Swiss schemes exposed to higher risks
    Analysis

    News analysis: Swiss schemes exposed to higher risks

    2008-11-07T15:00:00Z

    SWITZERLAND - Concentration risk in Switzerland’s SPI index, the dominant domestic equity benchmark for Pensionskassen, has increased significantly over the last year as financial turmoil has wreaked havoc on two of the country’s largest listed companies.

  • News

    IMF warns of need for Finnish pension reforms

    2008-11-06T16:15:00Z

    [17:15 CET 06-11] FINLAND – The International Monetary Fund (IMF) has warned Finland it needs to improve pension fund management if it is to cope with a rapidly ageing population.

  • News

    UK pension funds move from equity into alternatives

    2008-11-06T16:00:00Z

    [17:00 CET 06-11] UK – Half of UK pension funds plan to decrease their allocation to equity in favour of increasing investments in alternative assets, though transparency remains a driver for allocating to the class, a new study has found.

  • News

    Avon targets full investment advice

    2008-11-03T15:50:00Z

    [16:50 CET 03-11] UK – Bath and North East Somerset Council is seeking an investment consultant to provide services to the £2.14bn (€2.7bn) Avon pension fund.