Investor Strategy – Page 174

  • News

    More schemes to join Unilever’s FCP fund

    2007-06-20T15:58:09Z

    [16:58 CEST 20-06] GLOBAL – Anglo-Dutch household goods giant Unilever says more of its global pension funds will join its FCP fund, including its first defined contribution (DC) plan at the end of June.

  • News

    Straatman warns of volatility risk

    2007-06-15T15:59:56Z

    [16:59 CEST 15-06] EUROPE - Pension funds should now be looking to decrease their investment risk rather than introduce more because volatility risk is likely to rise, according to a former Dutch pension fund executive.

  • News

    Spain confirms 10% in equities proposal

    2007-06-13T15:42:25Z

    [16:42 CEST 13-06] SPAIN - Spain’s pensions reserve fund is set to put around 10% of its assets into equities, according to Economics Minister Pedro Solbes, though the final conditions for its proposed asset switch will only be agreed in a few months’ time.

  • News

    AP7 to seek new tenders as Carnegie wins equity deal

    2007-06-12T12:17:00Z

    [13:17 CEST 12-06] SWEDEN - AP7, the Swedish national fund for the PPM first pillar pension system, has appointed Stockholm-based Carnegie for a second pure alpha equity overlay mandate and will soon seek additional managers in the Asian and passive sectors.

  • News

    Mercer calls for earlier selection input

    2007-06-08T15:57:39Z

    [16:57 CEST 08/06] EUROPE - Pension funds seeking real estate fund managers need to get involved in selection process discussions at an earlier stage because the bespoke nature of mandates is becoming more complicated, according to consultants Mercer.

  • News

    “We don’t believe in LDI” – Munsters

    2007-06-08T15:56:05Z

    [16:55 CEST 08/06] NETHERLANDS – The €212bn Dutch pension fund ABP says it does not believe Liability Driven Investments should be included in its new strategic investment plan.

  • News

    Small schemes' trustees in conflict of interest

    2007-06-07T12:16:55Z

    [13:17 CEST 07/06] UK – Small pension funds’ trustees boards will encounter conflicts of interest with their corporate sponsor, according to David Blackwood, group treasurer at paints producer ICI.

  • News

    Co-operative fund on diversification streak

    2007-06-05T15:28:35Z

    [16:28 CEST 05/06] UK - The new £5.5bn career average Co-operative Group Pension Scheme is adjusting its equity/bond split in favour of diversification into currency, commodities and infrastructure.

  • News

    ‘Disappointing’ plans threaten private equity law

    2007-05-29T16:02:46Z

    [17:02 CEST 29/05] GERMANY – The German Private Equity and Venture Capital Association (BVK) has called a paper outlining the German ministry of Finance’s (BMF) stance on Germany’s new private equity law “a total disappointment”.

  • News

    DAX blue-chip sets up Pensionsfonds

    2007-05-29T12:07:21Z

    [13:07 CEST 29/05] GERMANY – Energy giant RWE has set up a Pensionsfonds within its contractual trust agreement (CTA).

  • News

    Two-thirds prepared to take lower salary - NAPF

    2007-05-29T10:20:11Z

    [11:00 CEST 29/05] UK - Three-quarters of staff think having a workplace pension is important and two-thirds of employees would take a lower paid job to get one, suggests research.

  • News

    ABP to triple its voting at AGMs

    2007-05-25T15:58:58Z

    [16:58 CEST 25/05] NETHERLANDS - The giant civil service scheme ABP will drastically increase its voting at shareholders meetings, as a further improvement of its corporate governance policy, officials have announced.

  • News

    F&C catches the fiduciary wave

    2007-05-24T14:39:52Z

    [15:49 CEST 24/05] NETHERLANDS – F&C Asset Management is planning to enter the popular Dutch fiduciary market later this year, having lost several Dutch pension fund mandates, IPE has learned.

  • News

    United Norwest seeks multi-asset returns via Barings

    2007-05-23T11:56:13Z

    [12:56 CEST 23/05] UK- The United Norwest Co-operatives Employees’ Pension Fund has handed Baring Asset Management a mandate to manage £23m through its Extended Risk Fund.

  • News

    Older people are choosing to work – HSBC

    2007-05-22T15:28:45Z

    [16:28 CEST 22/05] GLOBAL – More older people are choosing to work beyond the age of 60 because they continue to feel healthy and want to feel they have some value for society beyond retirement age, according to a global study conducted for HSBC.

  • News

    NBIM appoints real estate manager

    2007-05-22T15:28:30Z

    [16:27 CEST 22/05] NORWAY – Paul Golding is joining Norges Bank Investment Management (NBIM) to prepare what appears to be the bank's first foray into international real estate to invest assets of the NOK1.88trn (€230bn) Norwegian Government Pension Fund – Global.

  • News

    Flemish Brecht to create pension fund

    2007-05-22T12:00:24Z

    [13:00 CEST 22/05] BELGIUM – The Flemish municipality Brecht wants to set up a new pension fund, for which it has tendered a €2.6m (£1.8m) mandate.

  • News

    Institutional push for 130/30 returns

    2007-05-21T15:55:03Z

    [16:55 CEST 21/05] EUROPE – Institutional managers and investors are jumping further into 130/30 strategies to gain higher investment returns, according to Dutch Blue Sky Group, the manager of the KLM pension fund assets.

  • News

    Passive mandates set to grow - Universal

    2007-05-21T15:53:50Z

    [16:53 CEST 21/05] GERMANY – As pension funds find some active managers are not really outperforming the benchmark they will move to passive mandates, says Bernd Vorbeck, speaker of the board at Universal Investment.

  • News

    Aegon and UBS form UK buy-out team

    2007-05-21T15:53:36Z

    [16:53 CEST 21/05] UK – Swiss banking major UBS is the latest investment bank to weigh into the lucrative bulk annuity market in a new buy-out joint venture with Dutch insurer Aegon.