Markets – Page 183
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NewsAIFM directive could stifle asset management innovation, warns AIMA
EUROPE – The Alternative Investment Fund Managers Directive (AIFM) could slash the number of viable fund models and stifle innovation across the industry, the Alternative Investment Management Association (AIMA) has warned.
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NewsInvestors bringing private equity in-house, says Coller survey
GLOBAL – Well over a third of US and European private equity investors will reduce or end their exposure to funds of funds over the next three years, and among pension funds, half believe they could improve returns if they were allowed to hire more investment staff.
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2010 funding ratios derailed by volatility – Aon Hewitt
EUROPE – Funding ratios have fallen across Europe due to volatile bond markets, according to new figures from Aon Hewitt.
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AGI warns on German Bunds
EUROPE – Allianz Global Investors (AGI) has cautioned against exposure to German Bunds, arguing that the European Union’s bailout package means the country will further lose its status as a investment safe haven.
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NewsPKA joins biggest European biotech cash injection
DENMARK – PKA has announced it is investing around DKK140m (€19m) in a Danish biotech firm developing cancer drugs, part of what it says is the biggest capital injection ever into a European biotech business.
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NewsUK DB funds will post 13% returns for 2010, says State Street
UK – Defined benefit schemes returned around 13% in 2010, with the equity market largely contributing to this recovery, according to State Street.
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NewsUK roundup: NEST, Mercer, Aon Hewitt, centenarians
UK – Mercer is advising the National Employment Savings Trust (NEST) on the selection of managers tendering for its ethical/socially responsible investment (SRI) equity fund mandate.
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NewsCross-border pension fund launches stagnated in 2010, says CEIOPS
EUROPE – New figures released by the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) show that the number of cross-border IORPs stagnated in 2010, with a net gain of only two new launches.
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NewsGerman SMEs reluctant to offer pensions
GERMANY – Over 60% of companies currently not offering their employees any pension schemes are not planning to do so ever, the German insurance group Ergo has said.
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NewsCarbon indices are a straitjacket - Joly
EUROPE – Carbon indices serve as a straitjacket, according to Carlos Joly, chairman of the climate change scientific advisory committee of Natixis Asset Management.
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Turkish pension system grows apace, on track to reach €25bn by 2020
TURKEY – The Turkish private pensions system will hold more than TRY50bn (€25.65bn) in assets by 2020 and even has the potential to grow to twice that size, according to Meral Eredenk, chairwoman of the country’s Pension Monitoring Centre (EGM).
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NewsPensionDanmark invests €27m in sub-Saharan region
GLOBAL – Danish labour market pension fund PensionDanmark is investing DKK200m (€27m) in the sub-Saharan region of Africa via an established fund and expects to increase its exposure to the continent still further next year.
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NewsIPE survey shows pension funds expecting low inflation
EUROPE – The majority of European pension funds are expecting low inflation over the next year and a half, according to a recent IPE survey.
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Greece, Spain lead government bond returns in the third quarter
EUROPE – Greece and Spain – which have hit the headlines this year due to their large debt burden – are leading total returns in the third quarter of this year, according to the S&P Eurozone Government Bond index.
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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.
