All IPE articles in July 2008 (Online) – Page 10
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NewsBerkshire diversifies away from equities
[16:00 CEST 01-07] UK – The Royal County of Berkshire Pension Fund is implementing a new risk management and diversification investment strategy, which involves moving away from its current target allocation of 70% equities.
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NewsAon200 index reveals £30bn deficit
[15:45 CEST 01-07] UK – Trustees need to consider more frequent monitoring of the employer covenant as falling equity markets wiped £36bn (€46bn) from the value of the top 200 UK defined benefit pension scheme and created an aggregate deficit of £30bn, Aon Consulting has revealed.
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NewsPhilips scheme sees continued negative return
[15:30 CEST 01-07] NETHERLANDS - The Philips pension fund saw a further drop of its assets and a decrease of its cover ratio as a result of negative returns of –1.7% during the first quarter.
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NewsSainsbury trustees refute buyout shopping rumour
[15:00 CEST 01-07] UK – Trustees of the Sainsbury pension fund have denied they is seeking an immediate pensions buyout in light of fresh Qatari interest in the company, but have said they may will look again at all of the options.
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NewsAP6 takes joint ownership of Admeta
[13:00 CEST 01-07] SWEDEN - Sjätte AP-fonden (AP6), the Swedish pension buffer fund, has become a joint owner of the internet marketing company Admeta.
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NewsTesco appoints Hewitt as investment adviser
[12:30 CEST 01-07] UK – Tesco Pension scheme has appointed Hewitt Associates to replace Watson Wyatt as its investment adviser.
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NewsSRI indices underperformed in market turmoil
[12:00 CEST 01-07] AUSTRIA/GLOBAL – SRI indices have underperformed their peers during recent market turbulence but Martin Cech, portfolio manager at Austrian SRI asset manager Vinis argues this is only a glitch in the responsible investment success story.
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NewsHedge fund exodus fails to surface
[11:30 CEST 01-07] GLOBAL – Even with falling returns, institutional investors are still happy to invest in hedge funds, according to research-based consultant Greenwich Associates.
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NewsDutch union fund eyes PFZW merger
[11:15 CEST 01-07] NETHERLANDS – The €400m pension fund of the Dutch trade union federation FNV wants to join the €88bn Pensioenfonds Zorg en Welzijn (PFZW), previously known as the PGGM pension fund.
