Markets – Page 192
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Danish pension fund pursues high alpha strategy
DENMARK – A Danish industry-wide pension fund is looking to place €50m of its assets under a high alpha European equities strategy, and is looking for a manager to handle it, via IPE Quest.
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German pension fund reviews equities
[15:15 CEST 22-08] GERMANY – A German corporate pension fund is looking to hire asset managers to look after two US and Japanese equity mandates, using IPE Quest.
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Cambridgeshire signs CAAM to equity portfolio
[16:00 CEST 21-08] UK – Cambridgeshire County Council has edged one step closed to completing the reallocation of its pension fund’s equity portfolio and appointed Crédit Agricole Asset Management (CAAM) to manage a £160m European equities mandate.
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Demands on rating agencies 'to hit pension funds'
[17:00 CEST 20-08] GLOBAL - Aon Consulting has alleged proposed regulatory demands on rating agencies could severely raise the risk of a large number of downgradings and impact pension funds as a result.
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BBC's DB scheme to increase alternatives
[16:50 CEST 20-08] UK – Trustees of the £8.1bn (€10.2bn) BBC Pension Scheme have revealed they are looking at increasing commitments to alternative assets, following new allocations into debt, currency and private equity funds in 2007.
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PGGM taps into CLO market
[16:25 CEST 20-08] GLOBAL – PGGM, the asset manager to the Netherlands healthcare pension fund PFZW, has extended its structured credit investment strategy and signed to a $2.5bn (€3.2bn) trade finance agreement with Standard Chartered Bank (SCB) on some of its loans business.
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NILGOSC adopts unconstrained equity mandates
[16:50 CEST 19-08] UK – The Northern Ireland Local Government Officers Superannuation Committee (NILGOSC) has awarded four new unconstrained equity mandates, which includes the appointment of two new managers.
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£32bn wiped from DB schemes in July - PPF
[16:55 CEST 11-08] UK – The total funding position of almost 7,800 defined benefit (DB) pension schemes was reduced by over £32bn (€41bn) in July, according to the Pension Protection Fund (PPF).
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Allianz increases inflows with help of bonds
[16:40 CEST 07-08] EUROPE – German financial group Allianz managed to grow its net inflows in the asset management business to €33bn in the first half of 2008.
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£864m Devonport scheme taps BlueBay
[14:45 CEST 06-08] UK – The £864m (€1.1bn) pension scheme of ship repair company Devonport Royal Dockyard, now part of the Babcock group, has appointed BlueBay to manage a corporate bond mandate.
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Welsh fund taps Newton for global equities
[16:40 CEST 05-08] UK – Rhondda Cynon Taff County Council has awarded Newton Investment Management a £221m (€278m) active global equity mandate.
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NewsPPF tenders £100m global equity portfolio
[16:35 CEST 04-08] UK – The Pension Protection Fund (PPF) is seeking a new global equities manager to run a portfolio expected to reach £100m (€126m) in the first year of the contract.
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NewsPension funds 'to trigger corporate CEE bonds'
[15:30 CEST 04-08] CEE – The growth of funded second pillar systems in Central and Eastern Europe will lead to more and more corporates in the region issuing bonds, analysts from the Austrian Erste Bank group have predicted.
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PMA keeps cover ratio to 185%
[15:45 CEST 31-07] NETHERLANDS - The €1.1bn pension fund for pharmacies’ staff PMA has managed to maintain a cover ratio of approximately 185%, despite experiencing a 23 percentage point drop in the first half of 2008.
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Cheshire places £130m in high alpha fixed income
[13:45 CEST 29-07] UK – The £2.3bn (€2.8bn) Cheshire County Council Pension Fund has awarded three fixed income mandates, including £130m into two high alpha funds managed by Henderson Global Investors.
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PKZH suspends rebalancing on solvency drop
[16:30 CEST 28-07] SWITZERLAND – The CHF14.5bn (€8.9bn) City of Zürich Pension Fund has decided not to make any major changes to its portfolio in light of the credit crisis, even though its funding level has now dropped from 130% in 2007 to an estimated 116% today.
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Industry-wide fund searches for high-yield gains
[13:00 CEST 25-07] EUROPE – An industry-wide continental European pension fund is seeking to hire a global high-yield fixed income provider to manage a $80m (€51m) mandate, using IPE Quest.
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German CTA to award €350m TAA mandate
[16:10 CEST 22-07] GERMANY – A fiduciary manager in Germany acting on behalf of a German pension fund is looking for managers for a €350m tactical asset allocation (TAA) mandate, using IPE-Quest.
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Cambridgeshire goes passive
[12:35 CEST 21-07] UK – The £1.4bn (€1.8bn) pension fund of UK local authority Cambridgeshire county council has awarded a £140m passive equity mandate to State Street Global Advisors (SSgA).
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NewsBuckinghamshire seeks three new managers
[15:41 CEST 16-07] UK – Buckinghamshire County Council is searching for three new investment managers for its pension scheme, with the mandates valued up to £325m (€408m).
