All IPE articles in June 2007 (Online) – Page 3
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IPE-QUEST: $50m hedge fund strategy mandate
[11:00 CEST 25-06] EUROPE – A continental European pension fund is looking for an active global equity market neutral manager, using IPE Quest.
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IAS19 changes could hit pension deficits
[16:25 CEST 22-06] GLOBAL – Pension schemes’ deficits could be hit after the International Accounting Standards Board (IASB) ratified new rules on the interpretation of the IAS19 accounting standard.
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NPRF switches Japanese equity mandate
[16:25 CEST 22-06] IRELAND – JP Morgan has lost a €300m active Japanese mandate with the €20.7bn National Pensions Reserve Fund (NPRF).
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American asset managers win over Europe
[16:24 CEST 22-06] EUROPE - US-based asset managers saw their business in Europe rise by 18% in 2006 – substantially higher than the wider European market – according to figures compiled for IPE’s Top 400 Asset Managers report.
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Finnish church goes SRI
[16:24 CEST 22-06] FINLAND – The Evangelical Lutheran Church of Finland’s €746m pension fund is looking for one or more active European equity SRI managers, following its new guidelines for responsible investing.
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Eurizon Capital gets new CEO
[16:23 CEST 22-06] ITALY – Francis Candylaftis is to become the new chief executive at Eurizon Capital, one of the largest Italian asset management houses.
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Merseyside pension begins US search
[16:22 CEST 22-06] UK – Merseyside Pension Fund is seeking a passive manager to look after a reformed £320m (€476m) US equity mandate.
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BoNY/Mellon appoints 18 directors
[16:21 CEST 22-06] GLOBAL – Nine directors at Bank of New York and Mellon are set to leave as the companies have announced the 18-member board of their joint entity.
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France opens way for bonds stripping
[11:00 CEST 22-06] FRANCE – European pension funds can now invest in French inflation-linked government bonds and reduce exposure to interest rate volatility thanks to the introduction of bond stripping.
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UN warns of "destabilizing" effect of pension funds
[17:11 CEST 21-06] GLOBAL – The United Nations (UN) has voiced concern about the impact growing activity of institutional investors, such as pension funds, might have on economies.
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Heubeck forms pensions venture with Sparkassen
[17:10 CEST 21-06] GERMANY – Heubeck AG, Germany’s best-known actuary, has formed a joint venture with state-owned savings banks (Sparkassen) to provide corporate clients of the banks with actuarial and pension administration services.
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Portability seeks amendments after MEPs' 'OK'
[17:10 CEST 21-06] EUROPE – The European Parliament has approved a watered-down version of the portability directive but the paper will now go back to the Commission for more amendments in order to get the Council's approval.
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FSA reduces pension deficit by 12.5%
[17:09 CEST 21-06] UK – The Financial Supervisory Authority (FSA) spent £26m (€38.7m) last year in order to reduce the deficit in its final salary pension plan by £11.4m to £79.9m.
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Swiss pension fund downplays deficit
[17:09 CEST 21-06] SWITZERLAND – The head of a pension fund (Pensionskasse) for the Swiss canton of Solothurn has played down the significance of the scheme’s CHF563m (€338m) funding deficit.
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PensionDanmark sees agricultural growth
[17:08 CEST 21-06] DENMARK - Labour market pension fund PensionDanmark has gained 2,500 new members, all employed in the Danish agricultural machinery dealing sector.
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Investors forced to reveal intentions on Dutch stocks
[13:07 CEST 21-06] NETHERLANDS – Shareholders will in future have to announce when they hold 3% in a Dutch listed company, instead of the current 5%, and disclose why they are holding them, the Netherlands government has revealed.
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Targets missed on absolute returns
[11:03 CEST 21-06] EUROPE - Absolute return funds have failed to achieve their own investment objectives in the last 12 months, according to research conducted by funds ratings agency Standard & Poor’s.
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Foundations pool to create multi-manager Fondaco
[17:00 CEST 20-06] ITALY - Three Italian foundations are joining forces to set up a Luxembourg-based pooled investment vehicle, in a bid to win economies of scale.
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More schemes to join Unilever’s FCP fund
[16:58 CEST 20-06] GLOBAL – Anglo-Dutch household goods giant Unilever says more of its global pension funds will join its FCP fund, including its first defined contribution (DC) plan at the end of June.
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Pension funds seek drug firms transparency
[16:57 CEST 20-06] GLOBAL – Two of the largest European pension funds USS and ABP are calling on the pharmaceutical industry to address issues such as transparency and access to medicine in order to increase investor value.
