All articles by Jan Wagner – Page 7

  • News

    Germany’s BVV to put €1bn in alternatives


    GERMANY – BVV, the €18bn pension fund for Germany’s financial industry, says it has earmarked €1bn this year for new investments in several asset classes, notably private equity and hedge funds.

  • News

    Hannover scheme seeks investment head


    GERMANY – Hannoversche Kassen (HK), a €113m multi-employer pension fund in the state of Lower Saxony, is seeking a new team leader for its investments department.

  • News

    Swiss government mulls new governance standards


    SWITZERLAND – The government is planning a host of measures aimed at improving corporate governance at local pension funds in the aftermath of the Swissfirst affair.

  • News

    Universal chief confirms resignation


    GERMANY – Bernd Wagner, managing director of Universal-Investment, a leading German institutional fund administrator, has confirmed to IPE that he will resign at the end of March.

  • Features

    Consultants reject information probe

    March 2007 (Magazine)

    A recent transparency initiative from the German fund manager association has met with a luke-warm response from consultants. Jan Wagner explains why

  • News

    Liabilities rise as equities and bond yields drop


    EUROPE – Pension funds are facing a two-way hit as the current market correction co-incides with a fall in bond yields. But this is only a short-term problem, say pension funds.

  • News

    German Pensionskassen stay steady with bonds


    GERMANY – Pensionskassen, or insurance-type German pension funds, continue to invest heavily in bonds while keeping exposure to equities well below that of their Swiss and Austrian peers, a new survey by international accountant Ernst & Young reflects.

  • News

    Buck Heissmann snaps up French consultancy


    FRANCE – Consultant Buck Heissmann has further strengthened its presence in France by acquiring MODAC, a French actuarial and benefits consulting firm. Financial details were not disclosed.

  • News

    Equity and real estate drive Swiss returns to 6.9%


    SWITZERLAND – Swiss pension fund lobby ASIP says its members finished 2006 with an average return of 6.9% – slightly higher than a previously reported 6.6% for the Credit Suisse Pension Fund (CSPF) index.

  • News

    Zurich civil servants enjoy 7.3% return


    SWITZERLAND – BVK, the CHF21bn (€12.9bn) canton of Zurich pension fund, says it finished 2006 with an above-average return and fully-funded status.

  • News

    Emmental scheme asked to plug CHF700,000 hole


    SWITZERLAND – The pension fund for RSE, a small medical firm in Emmental, has been hit by a CHF700,000 (€430,000) funding loss caused by the actions of a former director.

  • News

    Ethos plans Novartis revolt


    SWITZERLAND – Socially-responsible manager Ethos says it will oppose the re-election of a senior official at the Swiss pharmaceuticals giant Novartis during the firm’s annual shareholder meeting on March 6.

  • News

    UBS to exit Baer stake – reports


    SWITZERLAND – Banking giant UBS is reportedly planning to divest its 20.7% stake in Swiss private bank Julius Baer nearly two years after acquiring it.

  • News

    Swiss Transparenta boosts assets by 39%


    SWITZERLAND – Transparenta, a multi-employer pension scheme, has reported significant gains in assets and in the number of people it insures for 2006 while finishing the year with a net return of 5.3%.

  • News

    LV 1871 hires Großmann for Liechtenstein


    GERMANY – Life insurer LV 1871 has named Martin Großmann, the former head of Chemie Pensionsfonds, as one of two managing directors for its new corporate pension fund in Liechtenstein.

  • News

    Volksfürsorge reports growth on pensions front


    GERMANY – Volksfürsorge, a German insurer, says it took in almost €100m in new contributions from its corporate pension schemes in Germany last year.

  • News

    Ex-labour minister attacks pension funds


    GERMANY – Former labour minister Nobert Blüm has attacked international pension funds for their greed and defended his statement that Germany’s state pension is secure.

  • News

    Saint Gobain transfers German pension liabilities


    GERMANY – French industrial firm Saint Gobain has outsourced €518m in German pension liabilities to Deutscher Pensionsfonds AG (DPAG), an equity-oriented pension fund launched by Deutsche Asset Management (DeAM) and the Swiss insurer Zurich.

  • News

    G7 go for hedge fund vigilance rather than more regulation


    GLOBAL – Finance ministers and central bankers from the G-7 industrial nations decided against any further regulation of hedge funds but said they would remain “vigilant” in scrutinising the risks funds presented.

  • News

    Hessen MPs refuse to save for own retirement


    GERMANY – A majority of MPs in the parliament for the state of Hessen have reportedly rejected a plan under which they would be forced to save for retirement instead of automatically receiving a state pension.