Markets – Page 197
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Norwegian fund drops bomb investments
[16:40 CET 11-01] NORWAY – The Norwegian Government Pension Fund – global has withdrawn its investment in three firms producing cluster and nuclear bombs, but decided to continue keep its equity holding in German firm Rheinmetall.
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Pioneer Austria loses €600m in institutional assets
[15:45 CET 11-01] AUSTRIA – Over the last year 2007 Pioneer Investments Austria (PIA) saw outflows of €600m in its institutional business.
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Quest to find EM and Asian equities
[12:45 CET 11-01] DENMARK – Investment consultancy Kirstein Finans has put out a call on behalf of two Danish pension funds, using IPE-Quest, for equity managers interesting in managing emerging markets and Asia-Pacific mandates.
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Investment houses seek improved trading through Chi-X
[16:30 CET 10-01] UK – Alternative trading platform Chi-X Europe, which aims to compete with established European exchanges, has reached agreement with a consortium of shareholders taking a minority stake in the firm.
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Pensions regulation endangers stock exchange - IMF
[14:45 CET 09-01] BULGARIA – Strict pension fund regulations are hampering the development of the Bulgarian stock exchange (BSE) the International Monetary Fund (IMF) has warned.
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NewsStrathclyde reappoints custodian
[14:00 CET 08-01] UK - The £10bn (€13.5bn) Strathclyde pension fund has said it has reappointed its custodian Northern Trust.
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IPE-Quest: Large cap value required
[13:00 CET 08-01] EUROPE – An investment company based in continental Europe seeks an equity large cap value manager for a $50m mandate, using IPE Quest.
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SWIP forays into FoFs
[16:55 CET 07-01] UK – Scottish Widows Investment Partnership (SWIP) has launched two absolute return funds, making its first foray into the UK fund-of-funds market.
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Aberdeen emerges as Lothian winner
[16:40 CET 07-01] UK – Lloyd George Management has lost the right to manage the Lothian Pension fund’s emerging markets equity mandate, worth around £160m (€214.4m), to the benefit of Aberdeen Asset Management.
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ERAFP courts advice for diversification push
[15:00 CET 04-01] FRANCE – The €4.8bn French public service additional pension scheme, ERAFP is looking to hire a new investment consultant in its push for greater diversification.
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Unison awards SRI mandate
[15:00 CET 19-12] UK - Unison's Staff Pension Scheme has awarded its £140m (€195m) socially responsible investment equity portfolio mandate to Standard Life Investments.
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CalPERS pursues infrastructure and private equity
[12:30 CET 19-12] US - The California Public Employees Retirement System (CalPERS) has adopted a new asset allocation mix which will see $29bn shift out of bonds and equities to finance increased investment in private equity, infrastructure and real estate.
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Hungarian funds increase equity exposure
[13:00 CET 19-12] HUNGARY – Pension funds will start to double equity exposure in some portfolios from January in anticipation of new regulation.
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Pension funds negotiate investment rules
[16:30 CET 17-12] BULGARIA – The association of Bulgarian pension management companies (BASPC) has called on the government to lift the cap on mandatory pension schemes’ investment in equities and argued schemes should be allowed to participate in IPOs.
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PBU targets Suzuki and Siemens on Burmese action
[15:45 CET 17-12] DENMARK - Pædagogernes Pensionskasse (PBU), the Danish pension fund for education practitioners, is engaging with five companies operating in Burma about its concerns over ethical matters.
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Empower supervisory boards, say top economists
NETHERLANDS - Supervisory boards should be given more power to deal with activist shareholders and private equity players, in order to avoid negative effects on a company’s long-term value, Dutch economists have claimed.
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IPE-QUEST: Pension fund seeks emerging market debt
[16:40 CET 12-12] EUROPE – A European industry-wide pension fund has said it is looking for managers for a $200m (€136m) global emerging market debt mandate.
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Fitch says credit crunch suffered under 'reactive' systems
[16:30 CET 12-12] GLOBAL – Ratings agency Fitch has suggested investment houses with outdated risk management processes saw the worst of recent volatility and pricing uncertainty in the credit markets.
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DG queries 'acting in concert' perception
[17:00 CET 11-12] EUROPE – Members States may be forced to rethink the recent introduction of 'acting in concert' corporate governance rules as European Commissioner Charley McCreevy has suggested some governments could be seen to hamper "legitimate" shareholder "collaboration".
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AP4 signs first of new Asian mandates
[15:00 CET 11-12] SWEDEN – Fjärde AP-fonden, the fourth Swedish buffer fund, has mandated BlackRock to manage a Pacific equities index portfolio, as part of a wider plan for its Pacific-based stocks.
