Investor Strategy – Page 172
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Spanish bank to float investment unit
[15:00 CEST 04-09] SPAIN - Barcelona-based savings bank La Caixa is to float 20% of its investment arm, Criteria Caixa Corp, in October.
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Fonchim taps Schroders for TFR
[16:45 CEST 03-09] ITALY – The Italian €1.7bn Fonchim scheme, the closed fund for chemical and pharmaceutical workers, has appointed Schroders to manage its Trattamente di Fine Rapporto (TFR) assets.
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Austrian funds defend performance
[16:15 CEST 03-09] AUSTRIA – Pensionskassen should have put more money into equities last year in order to get better results, consulting firm Mercer has suggested.
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2007 is a good year for Dexia so far
[16:55 CEST 31-08] BELGIUM – Belgian-French financial services group Dexia reported assets under management reached €111.1bn to June 30, up by 2.5% in the second quarter of 2007.
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'Return-seeking' assets favoured by schemes
[16:45 CEST 30-08] UK – Four out of five final salary scheme sponsors would still prefer to have a significant exposure to 'return-seeking investments' despite recent market volatility, a study by Watson Wyatt suggests.
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ABP to sell office fund KFN
[17:00 CEST 29-08] NETHERLANDS - The €211bn civil service scheme ABP is considering selling at least part of its offices investment fund KFN, in order to further diversify its overall portfolio.
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BVV expected to hire hedge fund consultant
[17:00 CEST 29-08] GERMANY – BVV, an €18.6bn pension fund for the German financial industry, is believed to be looking to hire a consultant to advise on future investment in hedge funds.
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F&C eyes passive growth of diversified portfolios
[17:00 CEST 29-08] UK – F&C Asset Management is taking a new approach to the delivery of balanced portfolios and diversified growth funds for pension funds by launching an offering designed to be largely passive in nature.
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Call for Denmark’s SPSS to be scrapped
[12:00 CEST 29-08] DENMARK - The Danish government’s decision to carry on suspending payments into the Special Pensions Savings Programme does not go far enough and the scheme should be scrapped completely, according to the Danish Insurance Association.
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Review delivers SLI higher Pensions Trust
[11:00 CEST 29-08] UK – Standard Life Investments has been awarded an expanded remit to manage fixed income investments for the Pensions Trust.
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Hackney looks to GTAA and currency
[16:30 CEST 28-08] UK – The London Borough of Hackney pension fund is considering making its first foray into global tactical asset allocation (GTAA) and currency overlay.
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Nordic pension funds predict alternatives outsourcing
[15:00 CEST 28-08] EUROPE – Nordic pension funds increasingly expect to outsource the management of alternative investments to third parties but some local investments may move more in-house, according to a study conducted by Kirstein Finansrådgivning.
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Few Dutch schemes see diversity in soft commodities
[13:00 CEST 28-08] NETHERLANDS – Only a tiny fraction of Dutch pension fund assets are actively invested in agricultural commodities, IPE has learned.
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Strong covenant key to cheap buyout - consultants
[16:45 CEST 22-08] UK – Banks like Citigroup or other entities with strong covenants are starting to offer cheap buyout solutions for pension schemes which will "keeps trustees happy", Watson Wyatt has pointed out.
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Northamptonshire forays into overseas equities
[16:15 CEST 22-08] UK – The £1.1bn Northamptonshire County Council pension fund is looking for one or more managers for a new £200m overseas equity portoflio.
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FondoPoste moves to external managers
[16:45 CEST 17-08] ITALY – The FondoPoste pension fund has restructured its asset management and appointed seven external managers to take care of its €100m of assets.
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Blue Sky rethinks hedge funds stance
[16:30 CEST 17-08] NETHERLANDS – Blue Sky Group, manager of the KLM Royal Dutch Airlines' corporate pension fund, has said it is considering so called hedge fund replication strategies for its investments.
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Bulgaria has 'concentrated' pensions market
[16:15 CEST 17-08] BULGARIA – There is limited competition in Bulgaria's voluntary pension insurance market, according to the Financial Supervision Commission (FSC).
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Misset scheme to join PGB
[11:00 CEST 17-08] NETHERLANDS - The pension fund of printing company C. Misset will join the €10bn industry-wide pension scheme for the printing industry PGB next year, it announced.
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Equity appetite unscathed by US turmoil – ML
[14:00 CEST 16-08] GLOBAL – Despite global market turbulence, institutional investors still believe equities offer value, particularly relative to bonds, Merrill Lynch has found.
