All articles by Luigi Serenelli
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NewsMubadala ruling offers roadmap as lawyers target BVK’s US property losses
Lawyers cite Mubadala precedent as they seek damages and deeper scrutiny over BVK’s troubled US property investments
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NewsGermany’s BVV sacks CIO after five months
Reports suggest disagreements emerged within the management board over BVV’s investment strategy, which Axel-Rainer Hoffmann reportedly considered too risk-averse
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NewsSwiss public pension funds hit strongest funding levels in 25 years
Funding ratios surge as strong commodities, equities and gold returns bolster public pension balance sheets
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NewsFormer German dentists’ fund director ‘abused his position’, court rules
According to the court, Ralf Wohltmann ‘deliberately placed himself in a conflict of interest’ by holding dual positions
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NewsItaly’s pension shake-up raises stakes for multinational employers
Auto-enrolment and contribution portability force multinational employers to rethink pensions as Italy reshapes its second pillar pension system
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NewsSwiss pension funds pushed towards consolidation by costs and talent squeeze
Swiss pension funds consolidate as rising costs, regulatory pressure, and skills shortages reshape the multi-employer market
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NewsAustrian funds turn to European, small-cap equity to cut US concentration risk
The outsized influence of the so-called Magnificent 7 has reinforced the case for broader equity diversification among Austrian pension funds
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NewsSwiss Federal Social Insurance Office reshuffle deepens after AHV miscalculation
Leadership changes continue at Switzerland’s social security office as AHV forecasting errors prompt reform and renewed pension scrutiny
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NewsAll that glitters: Swiss pension funds raise gold exposure
Swiss pension funds boost gold allocations, seeking protection from geopolitical shocks, market volatility and fading trust in US assets
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NewsSwiss pension funds shift focus on equal-weighted, small-cap equities
Swiss pension funds turn to small caps and equal-weighting to rein in growing global equity concentration risks
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NewsSwiss pension funds refuse to apply regulator’s rule on savings interest
OAK BV is tightening oversight on pension funds exposed to systemic risks
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NewsGermany, France target European venture capital platform funded by pension capital
An expert panel led by former French central bank governor, Christian Noyer, and former German finance minister, Jörg Kukies, has delivered recommendations to scale up European venture capital market
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NewsSwiss schemes tread carefully on private equity continuation funds
Swiss pension funds weigh opportunities in private equity continuation funds while remaining cautious over governance and conflict risks
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Country ReportRisks mount for Swiss pension funds’ AT1 bond portfolios
These bonds remain marginal in Swiss pension funds’ portfolios, but some retain their holdings despite growing default risks and potential future legal battles
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Country ReportSwiss pension funds eye private markets with caution
Hesitation about private equity is counterbalanced by investor demand for infrastructure and domestic real estate assets
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AnalysisIPE DACH Briefing: German professional pension funds wrestle with losses
Plus: VdW Pensionsfonds struggles to appoint internal team; PKBS continues US equity strategy
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NewsMarket fragmentation exposes German pension funds to losses
German pension market fragmentation, weak oversight, and risky strategies leave funds exposed to huge investment losses
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NewsSwiss pension funds sail through index concentrations with positive returns
Swiss pension funds recorded an average performance of 5.9% last year, corresponding to investment returns of CHF70bn, says Complementa
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NewsGerman companies curb support fund contributions
New occupational pensions in support funds fall sharply as employers conserve cash
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NewsTax incentives push Italian pension funds deeper into venture capital
Regulation on tax-deductible investments has accelerated Italian pension funds’ entry into venture capital
