Investor Strategy – Page 162
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News
New flower and plant scheme goes fiduciary
[16:35 CEST 28-05] NETHERLANDS – The new Dutch industry-wide defined contribution (DC) pension funds for the wholesale flower and plant sector has appointed pensions provider Cordares as its fiduciary manager.
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ERAFP shifts away from bonds
[14:30 CEST 28-05] FRANCE – The €4.8bn French civil service supplementary pension scheme ERAFP is looking for asset managers to take on €1.2bn in international equities and euro-denominated fixed income mandates.
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BT injects £350m into commodities
[16:55 CEST 22-05] UK - The BT Pension Scheme has shifted £250m (€315m) of commodities investment into a new index fund which targets extra returns by managing futures rolling and cash collateral differently.
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Good quality property strategy will 'shield' FSP
[14:00 CEST 22-05] DENMARK - Danish pension fund FSP is expecting to avoid the worst of the market rout by investing in good quality property and avoiding the most volatile market segments.
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Insurance buyout market to abate
[13:30 CEST 22-05] UK – The insurance buyout market has reached its peak in terms of competitiveness and the number of players it can sustain, suggests Paul Jayson, partner and actuary at consultants Barnett Waddingham.
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LGPI allocates $75m to Asian property
[16:50 CEST 21-05] FINLAND – The Finnish Local Government Pensions Institution (LGPI) has invested $75m (€48m) into an Asian real estate fund of funds managed by Aberdeen Property Investors (API).
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News
Sponsors to push for increased VaR focus
[17:00 CEST 20-05] UK/EUROPE – Scheme sponsors are likely to begin pushing for increased focus on pensions risk management, according to consultancy firm Redington Partners, in the wake of increasing regulatory focus on asset risk factors such as ‘value-at-risk’ (VAR).
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8 out of 10 managers fail to add value
[15:00 CEST 20-05] NORDIC/EUROPE - Asset managers working for pension funds do not “add value” to propositions around 80% of the time, according to Watson Wyatt.
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News
"Pure alpha" is worth paying for - AP2
[13:30 CEST 20-05] NORDIC/EUROPE - Pension funds should be willing to pay more for "pure alpha" but should stay away from private equity unless they have the necessary expertise on due diligence, AP2 officials have warned.
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NewsLeicestershire to move out of gilts
[16:30 CEST 19-05] UK – Leicestershire County Council’s pension fund management board is following the recommendation of its investment consultant and increasing its total returns strategy by moving out of government bonds.
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News
AP7 switches to hedge fund replication
[12:45 CEST 19-05] SWEDEN - AP7, one of the default funds in the Swedish Premium Pension Authority (PPM), has confirmed it is switching from fund of hedge funds to hedge fund replication strategies in the next quarter.
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NewsBank of Finland scheme appoints SSGA
[16:30 CEST 16-05] FINLAND – The €460m pension fund for Suomen Pankki, the Bank of Finland, has awarded a number of asset management mandates relating to real estate and equities.
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NewsFinnish VER to boost alternatives
[16:10 CEST 16-05] FINLAND – Valtion Eläkerahasto (VER), the €11.53bn Finnish first pillar pension scheme, is planning to increase its exposure to alternative investments to 10%.
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News
Watson Wyatt calls on pension funds to review focus
[14:00 CEST 15-05] GLOBAL - Pension funds should reduce their external investment management costs by 10 basis points and use this saving to increase their internal resources, consulting firm Watson Wyatt has suggested.
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NewsCardiff seeks specialist currency manager
[11:30 CEST 15-05] UK – Cardiff County Council is seeking a manager for a specialist currency portfolio for the Cardiff & Vale of Glamorgan Pension Fund.
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News
Iceland falling behind on SRI issues
[12:00 CEST 14-05] SCANDINAVIA – Norway and Sweden are leading countries in the implementation of socially responsible investment (SRI), however Finland, Denmark and particularly Iceland are all "lagging behind", experts have claimed.
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News
Dutch funds brave elements despite buffer boost (amended)
[16:15 CEST 13-05] NETHERLANDS – Despite their recovering financial buffers, Dutch pension funds have started venturing into direct gold investments, according to investment consultant Mercer.
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News
Hewitt Wassum attacks AP fund limits
[12:00 CEST 13-05] SWEDEN - Hewitt Wassum Investment Partners, the Stockholm-based investment consultant, has criticised the investment restrictions imposed in the country’s AP pension-buffer funds, as creating unwanted and irrational investment decisions.
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News
GTAA and FoHFs see increased European focus
[16:20 CEST 12-05] EUROPE – European pension funds increased their interest in alternative investment strategies such as fund of hedge funds (FoHFs) and global tactical asset allocation (GTAA) in 2007, according to a study conducted by consulting firm Mercer.
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News
Credit crunch boosts buyout market
[15:00 CEST 12-05] UK – The pensions buyout market reached £2.2bn (€2.77bn) in the first quarter of 2008, driven by a reduction in price resulting from increased competition and the effects of the credit crunch, Aon Consulting has revealed.
