Markets – Page 176
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News
Editor's Choice: Why defining 'currency beta' is harder than you might think
Portfolio engineering with FX exposures would be much simpler if we could identify its beta. Martin Steward looks at the range of candidates
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NewsTowers Watson questions liquidity of 100-year bonds
EUROPE – Towers Watson has argued that pension funds have little to gain from investing in centenary bonds, as the often small issuance results in an inherently illiquid market.
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NewsGerman companies turning to LDI, alternatives for pension schemes
GERMANY – German multinational companies have been using hedging strategies, liability-driven investment (LDI) and alternatives increasingly, but are still reducing equities, according to a survey by Towers Watson.
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NewsMercer urges investors to step up developing market exposure
GLOBAL – Mercer has urged institutional investors to consider developing markets as an alternative to developed countries that suffer from high debt burdens and a dearth of bank lending.
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NewsNordic investors rejecting 'expensive' UCITS wrapper
GLOBAL – Nordic investors do not understand why they should invest in expensive UCITS, a member of SEB's investment team has said.
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Risk management is top priority, say global investors
GLOBAL – Solving the risk management challenges they face in the next decade is the top priority for institutional investors, according to a survey by Pyramis Global Advisors, the institutional arm of Fidelity.
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NewsUK roundup: USS bonus payments, FTSE250 DB schemes
UK – The Universities Superannuation Scheme (USS) has come under attack from the Universities and College Union (UCU) for the payment of £2.9m (€3.2m) in bonuses to its investment team.
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NewsLLMA unveils framework for longevity index
UK – The Life & Longevity Markets Association (LLMA) has published the governance framework for its planned longevity index.
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NewsLow Bund yields tax German investors, consultants
GERMANY – Record low Bund yields have very ambivalent effects on German institutional investors, increasing assets and liabilities at the same time, consultancies are pointing out.
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NewsGPS: Pension funds worry about PIGS states, pessimistic on risk
GLOBAL – Pension funds are most concerned about the financial instability potentially caused by PIGS states – Portugal, Italy, Greece and Spain – the latest Global Pensions Survey (GPS), by Tilburg University, IPE and the European Pension Academy, has found.
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NewsGermany sees launch of biggest fund of fund since Lehman collapse
GERMANY – LGT Capital Partners and Solutio have launched Germany's biggest private equity fund of fund since the collapse of Lehman Brothers.
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NewsGerman investors rally in strongest six months since 2007
GERMANY – Investment inflows in Germany reached levels not seen since the beginning of 2007, according to figures released today by the German investment and asset management association BVI.
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News
UCITS inflows swell to €49bn in first quarter: EFAMA
EUROPE – Investment poured back into UCITS funds in the first quarter, surging to more than €49bn against just €1bn in the fourth quarter of 2009, according to the European Fund and Asset Management Association (EFAMA).
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NewsEmerging market private equity investment surges, says EMPEA
GLOBAL – Booming deal flow, particularly in increasingly large transactions, is fueling robust growth in emerging market private equity investment, according to research from the Emerging Markets Private Equity Association (EMPEA).
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News
German government bonds offer strongest return, according to S&P Index
EUROPE – German government bonds returned almost 7% in the first half of 2010, according to Standard & Poor’s (S&P) Eurozone Government Bond index.
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NewsUK roundup: The Pensions Regulator, Hewitt, John Lewis Pension Fund
UK – The Pensions Regulator today released its annual report and accounts, outlining all actions it has taken over the last year, while Hewitt urged employers to prepare for the changes to pension taxation before a final legislation was drawn up and John Lewis Pension Fund significantly reduced its stake ...
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NewsNew York pension fund joined by four others in BP class-action suit
GLOBAL – The $132bn (€102bn) New York Common Retirement Fund has been joined by four further pensions funds from the US state of Ohio in a $200m class-action suit against BP.
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NewsBlackRock's Q2 assets under management plummet by 6%
GLOBAL – Assets under management at BlackRock, the largest asset manager in the world, fell by 6% to $3.1trn (€2.4trn) in the second quarter, sending its shares down by nearly 5% today.
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News
Synthetic inflation options 80% cheaper than caps, says Pimco's Worah
GLOBAL – Replicating optionality on inflation using the US dollar swaps market in recent years would have incurred one-fifth of the cost of buying inflation caps, according to research by PIMCO.
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News
European roundup: Alitalia, Hewitt, EFAMA
EUROPE – Alitalia has announced detals of a buy-in by the Pension Insurance Corporation (PIC), while Hewitt said funding ratios in both the UK and mainland Europe had fallen sharply over the last quarter, and The European Fund and Asset Management Association (EFAMA) announced UCITS had seen strong net outflows in May.
