Latest from IPE Magazine – Page 551
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Features
Funds in profile
DSM Pension Services Ewout Gillissen, senior investment manager The stock market success of speciality chemicals company DSM, the former petrochemical giant, is being mirrored by the financial success of its pension funds. After the divestment of the petrochemical segment to Saudi Arabia’s SABIC, the in-house pension management supplier DSM Pensions ...
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Features
The bull in the china shop
It is a new dawn over Eindhoven for the investment team for the Philips Pension Fund. This autumn it joined the thundering herd of Merrill Lynch Investment Managers (MLIM), one of the largest asset managers in the world with $478bn (e396bn)under management. The deal, completed in September, is a boon ...
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Features
System not right for everyone
The Dutch pension system is widely and properly recognised abroad as sound and robust, and indeed every citizen can rely on a state pension, the AOW, which is the same for all regardless of earned income in the active period. Such state provision is referred to as the ‘first pillar’ ...
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Features
Tailoring messages to members
Like many aspects of modern life, pensions are becoming less standardised and more complex, with individuals facing more choice and demanding more information tailored to their needs. As pension funds try to meet the requirements of their members, communication is becoming an increasingly important part of the service they provide. ...
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Features
More to communication than links
Consensus is growing both within and outside of the pension world that clearness and transparency about complex pension schemes is needed. Yet the quality of communication between funds and participants and pensioners is often criticised. Have pension funds and insurers not yet found the best way to communicate, or is ...
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Features
Emerging market debt: a maturing asset class
Investors should consider emerging market debt (EMD) as a key component of a diversified portfolio. Despite various crises during the 1990s, EMD has outperformed versus all other asset classes over the last ten years (see Table 1). And, because the asset class is more closely aligned to other risk assets, ...
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Special Report
Listening to the investors
Corporate governance has been described as the “architecture of accountability”. How satisfied are primary investors with the accountability of real estate managers and their funds? IPE asked several major investors for their views on the subject. Our questions – which were supplied by Jonathan Fenton at law firm DLA ...
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Features
Done deals in London
The property deal-flow in London continues unabated with a number of funds and property companies reporting successful completions. Insight foundation property trust has acquired National Magazine House at 72 Broadwick Street, W1 from Shaftesbury plc for £45m (€66.5m). The price reflects a net initial yield of 5.29%. The property is ...
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Features
Bullring acquisition
Henderson Global Investors’ UK shopping centre fund has purchased a £130m (e192.3m) stake in Birmingham’s The Bullring from Australian insurer AMP Life. In exchange AMP has taken units in the fund, in order to increase its diversification to the UK shopping centre market. AMP Capital Investors believe there is strong ...
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Features
Conference illuminates property index
PREA chairman Stephen Furnary opened the combined 2005 Pension Real Estate Association and National Council of Real Estate Investment Fiduciaries conference by telling his audience how the event would give them a better understanding of the NCREIF Property Index. He said: “The index allows us to do a better job ...
