Investor Strategy – Page 207
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OECD sees no evidence of longevity deceleration
GLOBAL – The Organisation for Economic Cooperation and Development says the increase in longevity seems to be a permanent effect.
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ABN Amro’s Alfred Berg becomes Societas Europaea
SWEDEN – ABN Amro’s Scandinavian investment group Alfred Berg is to simplify its legal structure by creating a so-called European company, or Societas Europaea.
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Sweden’s Telia scheme shifts assets to SRI fund
SWEDEN – The Swedish pension scheme of Nordic telecoms firm TeliaSonera has shifted $140m (€108.7m) of assets into a socially responsible investing screened fund from State Street Global Advisors.
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Six Dutch members’ councils unite
NETHERLANDS - The member councils of six large Dutch pension funds have united in a new national platform, which represents more than 2.5 million employees and pensioners.
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Watson Wyatt boosts DC consulting
UK - Watson Wyatt has boosted its defined contribution consulting effort in the UK with the launch of a framework called Investment Gateway.
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Janus names global head of consultant relations
GLOBAL – Janus Capital Group has named former Morgan Stanley executive Carolyn Patton as director of global client relations, a new role.
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Dutch central bank to merge DNB and PVK schemes
NETHERLANDS - Finance minister Gerrit Zalm has told parliament in a letter that the two pension funds of the central bank will be merged and detached from the sponsor.
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VB chairman van Popta sees no pension crisis
NETHERLANDS – Benne van Popta, co-chairman of the Dutch Association of Industry-wide Pension Funds, the VB, has said there is no crisis in the pension sector.
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Swiss schemes ‘invest more in alternatives’
SWITZERLAND – Swiss institutional investors have invested more in alternative asset classes and real estate in 2004 - but their asset allocation “remains prudent” a survey sponsored by Credit Suisse Asset Management suggests.
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PWC pensions partner Shuttleworth dies
UK – John Shuttleworth, a trenchant commentator on the pensions scene in the UK for PricewaterhouseCoopers, has died suddenly aged 47.
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PME ends possibility of taking VUT before age 60
NETHERLANDS - One of the largest Dutch pension funds, the €16bn PME, has stated that it has been forced to end immediately the possibility of taking VUT or TOP before 60.
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‘Over 75 UK schemes’ allocate to hedge funds
UK – More than 75 UK pension funds have made allocations to hedge funds, according to a report from Morgan Stanley.
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UK fund managers eye headcount expansion
UK – Fund management firms see improving business sentiment and expect to grow their headcount, according to a new survey.
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Analyst in “zombie investor” jibe at schemes
GLOBAL – Pension funds – along with other investors such as Asian banks and Japanese private investors – have been branded “zombie investors” by a respected economic commentator.
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Iceland’s Kaupthing in talks to buy UK’s Singer
ICELAND/UK – Icelandic bank Kaupthing, which has made a series of European acquisitions since 1998, is in talks to buy UK asset manager Singer & Friedlander.
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Dutch company funds have adapted – central bank
NETHERLANDS - Most Dutch company pension funds seem to have adapted well to the changing environment, although industry-wide schemes however haven’t yet completed the recovery process, says the central bank.
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BGI launches pooled liability funds
GLOBAL – Barclays Global Investors has launched 20 pooled liability driven investment funds with more than £1bn (€1.45bn) in assets.
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Allianz hedge arm eyes €2.5bn in assets
GERMANY – Allianz’s hedge fund group, Allianz Hedge Fund Partners, says it expects to raise its assets under management to €2.5bn in the short term amid growing institutional investor demand for hedge funds.
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Dutch ‘move to alternatives, emerging markets’
NETHERLANDS – Dutch pension funds have moved more into alternative assets and emerging markets in a quest for market outperformance and diversification, says performance measurement firm WM.
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PPF wants trustees to be proactive
UK – The new Pension Protection Fund has called for a “constructive and proactive” relationship with trustees of failed pension schemes.
