Latest News from IPE – Page 446
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€21bn pension merger back on track as transport sector schemes agree terms
Industry-wide pension schemes for railways and public transport agree to join forces after 2016 discussions collapsed
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NewsMSCI warns of €1bn-plus funds running liquidity risks
Data group analyses 400 UCITS funds and reports on liquidity profiles in wake of high-profile suspension of LF Woodford Equity Income fund
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NewsMixed pension fund response to Swedish government green bonds plan
Financial markets minister Per Bolund says investors will play a ‘central role’ in the green transition as government sets out plan to issue debt by next year
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NewsUS academics challenge whether ESG investing must be fiduciary duty
Two law professors have argued that the position taken by the PRI and others is ‘contrary to both law and economics’
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£22bn UK pension fund ‘should divest from fossil fuels now’, say protesters
Campaigners gather outside Greater Manchester Pension Fund’s office, but scheme argues it is already ‘working hard’ to achieve climate risk goals
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Auto-enrolment should be expanded, say UK firms
Nearly all companies favour broadening the regime to include lower-paid workers and the self-employed, according to a CBI/Scottish Widows poll
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Nordic roundup: Alecta ramps up robotics ahead of 2023 ITP bid
Sweden’s biggest pension fund reports H1 results, while Denmark’s PFA puts €180m into Dutch green bonds
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Dutch schemes cut back tracker holdings to comply with ESG policy
The collective DC schemes for ING and NN plan to reduce their exposure to trackers such as exchange-traded funds in order to avoid investing in excluded companies
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French government adviser delivers pension reform recommendations
Report elaborates vision of a points-based universal system to replace the 42 schemes that form the current mandatory state-backed system
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German quartet takes stake in ESG data provider Arabesque S-Ray
Allianz X, DWS, Commerz Real and Land Hessen back quant asset manager’s proprietary technology for monitoring corporates’ ESG performance
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Biggest Dutch pension funds face imminent benefit cuts following new rules
Nearly 6m active, deferred and retired members of the Netherlands’ two largest schemes face cuts next year if funding levels fall further in 2019
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NewsItalian pension schemes hit out at government plan for new fund
The Italian Social Security Institute wants to set up an alternative to existing second-pillar funds, but trade body Assofondipensione warns it could hurt the system
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People moves: £8bn Church Commissioners appoints head of equities [updated]
Church Commissioners, PRI, Norfund, ESMA, Fondo Espero, Stap, FRC, AFM, AXA Investment Managers, BNP Paribas Asset Management, Värde Partners, Calastone
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NewsFrance’s ERAFP keeps its eye on portfolio diversification
The €30bn pension fund is seeking to shift investments towards equities, private equity, real estate and infrastructure
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LGPS pool targets £10bn with private markets programme
Border to Coast Pensions Partnership has launched a £500m private equity vehicle and a £675m infrastructure fund for its 12 LGPS clients
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CERN gains from real estate revaluations to post 1.3% 2018 return
Northern Trust’s appointment as custodian helped address an ‘operational constraint’ in real asset investments for the scientific research institute’s pension fund
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NewsPNO Media scheme credits alts, active management for investment gains
The creative sector pension fund is the latest to see returns wiped out by currency movements due to hedging position
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NewsPensionDanmark, Industriens return to PRI after 2013 spat
All six Danish pension funds that exited the PRI six years ago have now returned as signatories in the wake of a governance review
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NewsLocal authority fund shifts £500m into low-carbon index tracker
Swansea Council’s £2.1bn pension fund wants to reduce its exposure to carbon-intensive companies and fossil fuel investments by up to 50% by 2022
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Joseph Mariathasan: Markowitz, Friedman and the crucial debate on ESG
Should the interests of company shareholders trump those of all other stakeholders?
