Investor Strategy – Page 166
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News
Avon PF to place 1/8th in multi- manager property
[16:55 CET 08-02] UK – Bath and North East Somerset Council is looking to alter the asset allocation strategy and passive equity holdings of the Avon pension fund, to accommodate diversification into UK and global real estate.
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PGGM taps Mercer for ESG emerging markets managers
[15:30 CET 08-02] NETHERLANDS – PGGM, the newly separated manager of the €88bn pension fund Zorg en Welzijn, has hired Mercer to find emerging markets asset managers who incorporate environmental, social and governance (ESG) issues in their investments.
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Mortality changes add £6bn to FTSE100 liabilities
[13:30 CET 08-02] UK - Nearly 50% of the defined benefit schemes in the FTSE 100 changed their mortality assumptions over the last year, adding more than £6bn (€8bn)to pension scheme liabilities, Watson Wyatt have claimed.
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Brinkman hints at ABP’s export value
[14:00 CET 07-02] NETHERLANDS – ABP-head Eelco Brinkman believes there are opportunities for Dutch industry-wide second pillar pension funds, such as ABP, to export elements of their practices to other countries.
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Trustee support 'key battle' for private equity
[11:00 CET 06-02] UK – Private equity firms need to work harder to win over pension trustees, as 72% are fearful about possible private equity acquisitions, Aon Consulting has revealed.
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Pensions Board unveils support service providers
[12:30 CET 05-02] IRELAND - The Irish Pensions Board has unveiled two lists of 10 companies it will use in the future to provide actuarial consultancy as well as policy and economic research services.
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NewsVervoer invests in RaboBouw infrastructure
[16:00 CET 04-02] NETHERLANDS –Vervoer, the €6.4bn industry-wide pension fund for the private transport sector, has been cited as one of the main investors for a new infrastructure investment fund created by Rabobank’s subsidiary Rabo Bouwfonds.
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News
Invesco Perpetual withdraws from DC
[16:00 CET 04-02] UK – Invesco Perpetual is pulling out of the market as a provider of defined contribution (DC) pension plans, after signing a deal to transfer its full service DC business to Threadneedle Investments.
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News
AP4 seeks 'standard' framework for passive global equities
[15:00 CET 04-02] SWEDEN – The fourth Swedish buffer fund, Fjärde AP-Fonden (AP4), has issued a tender for a passive global equities mandate valued at around €3bn.
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News
Football fund fed up with spoil sports
[14:30 CET 01-02] NETHERLANDS – CFK, the €560m pension fund for Dutch professional footballers, is in talks with the regulator to implement an investment maximum to avert further scrutiny from members.
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Lincolnshire splits £185m currency mandate
[14:00 CET 01-02] UK – Lincolnshire County Council pension fund has split a £185m (€247m) currency overlay mandate between two companies.
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News
Northern Trust raises LDI benchmark offering
[16:45 CET 31-01] GLOBAL – Northern Trust is unveiling analytical services for existing custody clients which allows them to create unique liability benchmarking specifically tracking a pension fund’s assets, and which will soon allow funds to ‘stress test’ their strategies.
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Czech Republic "needs early reforms" - IMF
[16:30 CET 30-01] CZECH REPUBLIC – The International Monetary Fund (IMF) has warned the Czech Republic it needs to implement early reforms to its state pension system if it wants to "put public finances on a sustainable path".
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NewsSchemes warned of deficit risk from markets
[16:55 CET 28-01] GLOBAL/UK – Falling equity markets combined with lower bond yields and increasing longevity could push schemes back into deficit in 2008, the International Financial Services London has warned.
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NewsSchemes to increase focus on risk hedging
[14:30 CET 28-01] UK – Pension funds will place more emphasis on risk hedging in 2008, but will continue to move towards absolute return strategies, fund managers have predicted.
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LDI drives growth at KBC fund
[16:00 CET 24-01] BELGIUM – The €970m pension fund of Belgian banking and insurance group KBC has seen its assets grow by nearly €10m in the first six month under its new liability driven investment (LDI) study.
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PFA cuts equity exposure over recession fears
[13:00 CET 24-01] DENMARK - Denmark’s PFA Pension made an above-benchmark return on investments of 1.2% in 2007, and has now slashed its equities exposure ahead of the recession it expects to see in the US.
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News
2008 centre-stages alternatives, real returns and funding
[16:55 CET 22-01] EUROPE – Allocation to alternative assets will increase in 2008 and Dutch pension funds will continue to seek real returns as German corporates’ appetite for funding grows, investment bank Lehman Brothers has suggested.
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Watson Wyatt 'nervous' over 130/30 funds
[14:00 CET 22-01] UK - Watson Wyatt has cautioned pension funds against quantitative managers following the "strong tailwind" the sector has experienced over the past five years.
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News
AP Pension invests in business loans to Danish firms
[17:02 CET 18-01] DENMARK - Danish occupational pension fund AP Pension has invested DKK250m(E33.5m) in instruments which represent the risk element of business loans, saying the credit crunch has made it worth investors’ while to “play bank”.
