Investor Strategy – Page 212
-
News
Trichet flags up pensions at ECB rate meeting
EUROPE - Jean-Claude Trichet, the president of the European Central Bank, flagged up the challenge of population ageing and pension systems in the bank’s monthly press conference on monetary policy.
-
News
Two Dutch schemes back real estate fund Altera
NETHERLANDS – Physiotherapists’ fund SPF and the pension fund of Cindu International in the Netherlands have invested E22m in Altera Vastgoed, the E1bn private real estate fund has said.
-
News
Allianz Global Investors wins SICK brief
GERMANY - Allianz Global Investors has won one of its first investment mandates for so-called working time accounts, from industrial firm SICK AG.
-
News
Pickering becomes trustee at educational charity
UK – Alan Pickering, former chairman of the European Federation for Retirement Provision, has been invited to join the board of trustees of educational charity Pre-retirement Association.
-
News
UK councils tender bonds, equities and property
UK - Northamptonshire, Essex and North Yorkshire County Councils have put out requests for tenders for equity, bond and real estate portfolios worth a total of more than £500m (€715.5m).
-
News
€500m PCM joins Dutch publishing sector scheme
NETHERLANDS - PCM, one of the largest newspaper publishers in the Dutch language region, has transferred its €500m pension fund to the €7.6bn industry-wide pension fund for the publishing sector, PGB.
-
News
German brokerage group BCA slams hedge funds
GERMANY - BCA, Germany’s largest pool of independent financial brokers, has sharply criticised hedge funds, saying the products are both too costly and have performed poorly over the past few years.
-
News
KAS Bank names Tibboel as institutional director
NETHERLANDS - KAS Bank has named Egon Tibboel as director of institutional investors, a new role, in a revamp that has seen the creation of two new divisions.
-
News
Watson Wyatt warns on higher Myners costs
UK – Pension consulting firm Watson Wyatt has warned of “unintended consequences” such as higher costs and disjointed decisions due to the Myners principles on the separation of asset allocation advice and manager selection.
-
News
KAS Bank says it’s now more European
NETHERLANDS – KAS Bank, the Dutch securities services bank, said 2004 had been a “good year”, reporting a “considerable” number of new clients – and that it has transformed itself into a “European” player.
-
News
BBC refuses comment on DeAM report
UK -- The BBC’s £6bn (€8.7bn) pension scheme has declined comment on a report that it has dumped Deutsche Asset Management (DeAM) in the UK due to poor performance.
-
News
Poll finds pensions pose M&A threat
UK -- Almost half of the chief financial officers (CFOs) of leading companies in the UK say that the pension liabilities of companies they are considering buying or merging with are serious obstacles.
-
News
Ilmarinen cuts stake in insurer Pohjola
FINLAND – Ilmarinen, the €15.9bn occupational pensions provider, has reduced its stake in insurance firm Pohjola to 9.24% as part of a transaction which has seen Suomi Mutual's holding in Pohjola rise to 49.64%.
-
News
Ryan ALM offers daily liability monitoring
GLOBAL – Ryan ALM has unveiled a web-based system that monitors pension asset/liability risk on a daily basis.
-
News
Irish reserve fund avoids bonds in tactical move
IRELAND – The National Pension Reserve Fund remained underweight its benchmark bond holding last year as a result of a “tactical decision” not to commit to bonds in the current interest rate situation.
-
News
AXA IM names Moreau strategy aide
FRANCE - AXA Investment Managers has appointed Vincent Levita to the new position of director of strategy and innovation.
-
News
ABP adds to UK real estate portfolio
NETHERLANDS — Dutch civil service pension fund ABP investments has added to its holdings in listed UK real estate companies.
-
News
‘Weakness’ found in Swiss fund
SWITZERLAND – An investigation into the management of the Basle City council employees’ pension fund, the PKBS, has highlighted “weaknesses in organisation” and “ lack of professionalism”.
-
Features
SBA to overhaul strategy
The €11bn SBA Artsenpensioenfonds (Pension Funds for General Practitioners and Medical Specialists) says it will overhaul its investment strategy following the departure of three senior staff in a restructuring. The scheme said it planned to “implement a passive management strategy” for its Pan-European and US large-cap equity portfolios, which represents ...
-
News
Crédit Agricole, Caisse d’Epargne in custody tie
FRANCE - Crédit Agricole and Caisse Nationale des Caisses d’Epargne have confirmed they are looking at combining their securities services businesses - with a view to creating a “major player” in the industry.
