Investor Strategy – Page 160
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News
ABP cuts Fannie and Freddie holdings
[13:00 CEST 21-07] NETHERLANDS – The €205bn Dutch civil service pension fund ABP has confirmed it has cut its mortgage-backed securities (MBS) holdings in US mortgage financiers Fannie Mae and Freddie Mac.
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News
Cambridgeshire goes passive
[12:35 CEST 21-07] UK – The £1.4bn (€1.8bn) pension fund of UK local authority Cambridgeshire county council has awarded a £140m passive equity mandate to State Street Global Advisors (SSgA).
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News
1 in 3 Dutch funds have long term reserve shortage – Mercer
[14:37 CEST 18-07] NETHERLANDS – Currently one out of every three Dutch pension funds has a long term reserve shortage, according to investment consultancy, Mercer.
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News
Ireland to review ethical investments
[13:57 CEST 18-07] IRELAND – The Irish government will examine ethical investment following increased calls for independent scrutiny of the National Pension Reserve Fund's (NPRF) holdings in companies operating in Zimbabwe.
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NewsUnilever fund to double commodities
[15:27 CEST 17-07] NETHERLANDS – Progress, the €4bn Dutch pension fund of food and home care products manufacturer Unilever, is looking to double its commodity investments by the end of 2008.
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NewsBuckinghamshire seeks three new managers
[15:41 CEST 16-07] UK – Buckinghamshire County Council is searching for three new investment managers for its pension scheme, with the mandates valued up to £325m (€408m).
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NewsRecession threat dampens inflation fears
[15:29 CEST 16-07] EUROPE – European fund managers are looking to healthcare stocks as a safe haven as risk appetite plummets, according to Merrill Lynch.
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NewsFalkirk targets passive manager for 'flexibility'
[15:27 CEST 16-07] UK – Falkirk Council Pension Fund is searching for a passive manager to run an equity portfolio worth up to £325m (€410m).
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NewsDutch government advisor SER goes fiduciary
[13:30 CEST 16-07] NETHERLANDS – The €145m pension fund of the Dutch Social and Economic Council (SER), the body that advises the Dutch government on social and economic policy, has appointed ING/AZL as its fiduciary manager.
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NewsBulgaria changes risk options for schemes
[15:38 CEST 15-07] BULGARIA – The Bulgarian government has agreed to implement changes proposed by the Financial Supervision Commission to enable different risk levels in the third pillar and raise the equity cap for second pillar funds.
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NewsDKK115bn PKA eyes hedge funds and bank loans
[15:23 CEST 15-07] DENMARK – Pensionskassernes Administration (PKA), Denmark’s largest occupational pension fund administrator, is looking to make its first allocation to hedge funds.
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NewsCamden starts first phase of portfolio restructure
[14:55 CEST 15-07] UK – The London Borough of Camden has started the restructuring of its pension fund portfolio, issuing tenders for passively-managed securities, fixed income and active global equities.
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NewsDáil to grill NPRF over Zimbabwe
[14:21 CEST 14-07] IRELAND – The National Pension Reserve Fund (NPRF) has been called to give evidence to the Irish Parliament's joint committee on foreign affairs over Zimbabwe.
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News
Liverpool pushes again for Merseyside ethical policy
[14:40 CEST 10-07] UK – Members of Liverpool City Council have voted unanimously to pressure Merseyside Pension Fund to ballot participants on an ethical investment policy.
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News
NPRF under pressure over Zimbabwe investments
[16:00 CEST 09-07] IRELAND – The Irish National Pension Reserve Fund has come under pressure to conduct a full ethical review of its investment strategy following the discovery that it invests more than €575m in companies operating in Zimbabwe.
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News
TLPs could be 'foundation' for wider mortality market
[16:55 CEST 08-07] UK – Traded Life Policies (TLPs) could become a successful new asset class and provide a "firm foundation" for the development of the wider life market in trading mortality and longevity-indexed securities and derivatives, according to research from the Pensions Institute at CASS Business School.
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News
Credit crunch pushes pension flight from equities
[12:15 CEST 08-07] UK – Nearly half of pension scheme managers have shifted their investments from equities to bonds during the past 12 months, according to research released by Aon Consulting.
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News
Fundamental indexing still disliked – IPE survey
[16:35 CEST 07-07] EUROPE – Fundamental indexing strategies still remain unpopular as the vast majority of small and medium-sized European institutional investors indicate they are not even considering the instrument, according to the first IPE/Invesco survey.
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News
Hammersmith & Fulham award 'dynamic' mandates
[11:00 CEST 02-07] UK – The London Borough of Hammersmith and Fulham has appointed two managers to run specialist dynamic asset allocation portfolios for its pension fund.
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News
Berkshire diversifies away from equities
[16:00 CEST 01-07] UK – The Royal County of Berkshire Pension Fund is implementing a new risk management and diversification investment strategy, which involves moving away from its current target allocation of 70% equities.
