Investor Strategy – Page 190
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ABP setting 2007 investment plan
NETHERLANDS – Stichting Pensioenfonds ABP, Europe’s largest pension fund, is currently in the process of establishing its new strategic investment plan to run from 2007 to 2009.
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Schemes may shift to shorter-dated bonds - UBS
GLOBAL – UBS reckons one effect of demographic ageing may be that pension funds will move into bonds – and at shorter maturities - as members get older.
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Icelandic funds still eye foreign investment
ICELAND – Icelandic pension funds still have a lot of scope for investing outside the country, says the central bank.
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Waygood to chair UK Social Investment Forum
UK – Steve Waygood, director for investor responsibility at Insight Investment, has been appointed chairman of the UK Social Investment Forum, which promotes SRI among UK investors.
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ABN Amro AM considers “bolt-on” acquisitions
GLOBAL – ABN Amro says it will consider “bolt-on” asset management acquisitions.
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Icelandic schemes not fazed by market 'blip'
ICELAND – Pension funds in Iceland have shrugged off the turbulence affecting domestic financial markets, with one industry commentator calling the situation a “blip on the screen”.
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Norgrove rejects pension-bond yield ‘bubble’
UK – David Norgrove, the chairman of the Pensions Regulator, has rejected the idea that there is a bubble in gilts caused by pension fund demand.
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UN scheme looks to hire chief risk officer
GLOBAL – The in-house investment management firm of the $32bn (€26.5bn) United Nations Joint Staff Pension Fund (UNJSPF) is looking to appoint a chief risk officer, and a senior investment officer to its alternative investment portfolio.
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Ex-AP2 investment chief explains resignation
SWEDEN – Petter Odhnoff has given IPE an account of the events leading up to his decision to quit yesterday as chief investment officer of the SEK190.6bn (€20.5bn) AP2 fund.
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DekaBank sets up €222m pension CTA
GERMANY – DekaBank, the asset management arm of Germany’s state-owned savings banks (Sparkassen), has set up a contractual trust arrangement (CTA) for €222m in pension liabilities.
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PGGM names investments operating chief
NETHERLANDS – PGGM, the €70bn Dutch healthcare and social work pension fund, has named Marc van den Berg as chief operating officer of investments as of May 1.
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IPe-symposium: Industriens eyes EM private equity
DENMARK – Industriens Pension, €5bn Danish scheme, says it might look at entering the emerging market private equity arena.
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AP2 investment chief resigns in tax probe
SWEDEN – Petter Odhnoff, chief investment officer of the SEK190.6bn (€20.5bn) Second Swedish National Pension Fund or AP2 has quit amidst allegations of tax irregularities following an audit conducted by the Swedish tax authorities.
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Bank of NY launches Poland fund firm
POLAND – The Bank of New York has launched an investment fund company in Poland to tap pension fund demand.
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Italy’s Foncer seeks three managers
ITALY - Foncer, the second pillar supplementary pension fund for workers in Italy’s ceramic tile industry, is looking for three managers for its €70m portfolio.
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Citibank loses €13bn F&C pooled assets brief
NETHERLANDS – Citibank has lost out on a €13bn pooled assets mandate with F&C Netherlands – the mandate was awarded to ABN Amro Mellon following a market survey by the asset manager.
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DC schemes get low scores from Watson Wyatt
GLOBAL – Watson Wyatt has awarded the current investment sophistication of defined contribution schemes very low grades.
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OECD wants derivatives rules for pension funds
GLOBAL – The Organisation for Economic Cooperation and Development has called for strict limits, if not outright prohibition, on pension funds’ use of derivatives with the potential for unlimited commitments.
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Lupus alpha “talent hotel” almost full
GERMANY – German boutique asset manager Lupus alpha’s “talent hotel” for new managers could soon be full, says Ulf Becker, partner in the firm’s alternative solutions department.
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Ex-Robeco CIO Vriezen to run C&A assets
NETHERLANDS - The former chief investment officer of Robeco, Marnix Vriezen, has taken over the management of the €1bn assets of the pension fund of C&A Nederland, the Dutch arm of the international clothes retailer.
