Markets – Page 218
-
News
Netherlands: Interesting times
NETHERLANDS - There's an old Chinese curse that says 'may you live in interesting times'. It might have been coined for the Dutch pensions industry. "All times are interesting, especially for Dutch pension funds," says Jeroen Steenvoorden, director of pension fund for self-employed medical specialists SPMS. "There is so much ...
-
News
UK: General trend into bonds
UK - Recent years have seen a general trend within the UK pensions industry from equities into bonds, according to Joanne Segars, incoming chief executive at the National Association of Pension Funds (NAPF).
-
News
Germany: Book reserves still common
GERMANY - Although there are five different ways of creating an occupational pension the most common, with more than 50% of all pension assets and totalling around €400bn, is still through the book reserves of the employer, according to Klaus Stiefermann, general manager of the Association of Company Pension Schemes ...
-
News
IPE-QUEST: Three new fixed income searches
SWITZERLAND – There are three new fixed income searches from Swiss institutional investors on the IPE-Quest system.
-
News
USS drops GSAM and LGIM
UK – The £22bn (€32.6bn) Universities Superannuation Scheme has dropped Goldman Sachs Asset Management (GSAM) and Legal & General Investment Management as external managers to take more assets in-house.
-
News
Bexley, Lincolnshire name new managers
UK – The Bexley and Lincolnshire local authority pension funds have separately named new asset managers.
-
News
Denmark’s Lærernes hires PanAgora for US mid-caps
DENMARK – The DKK20bn (€2.7bn) Danish pension fund Lærernes Pension (Teachers’ Pension and Life) has appointed PanAgora Asset Management for $50m (€36.4m) in US mid-cap equities.
-
News
JP Morgan ousts Wellington at Merseyside
UK - The £3.8bn (€5.5bn) Merseyside Pension Fund has appointed JP Morgan Asset Management for its newly created £100m European (ex-UK) equities mandate.
-
News
Henderson posts €4.3bn institutional outflow
UK – Henderson Global Investors had a £2.9bn (€4.3bn) outflow of institutional assets in the first half of 2006, the company said in its first-half report.
-
News
Rentokil details asset revamp
UK – Pest control firm Rentokil Initial, which is the process of closing its defined benefit pension fund, has revealed more details about the scheme’s switch into bonds.
-
News
IPE-QUEST: Three new searches on system
GLOBAL – There are three new searches by European pension funds for euro zone debt, pan-European equities and currency alpha on the IPE-Quest system.
-
News
Clywd scheme goes unconstrained
UK – The £800m (€1.2bn) Flintshire County Council Clwyd Pension Fund has tendered a total of £145m in unconstrained fixed income and equities.
-
News
SWIP names Davidson global bond chief
UK – Rod Davidson has been appointed as Scottish Widows Investment Partnership’s new global head of fixed income, the company said today.
-
News
UBS institutional AUM assets slip €9.5bn
SWITZERLAND – Institutional assets under management at UBS Global Asset Management slipped by CHF15bn (€9.5bn), or 3%, in the second quarter to CHF451bn due to currency and market effects.
-
News
CalPERS names bond, real estate managers
US – California’s $205bn (€160bn) public pension giant CalPERS has named 16 managers for international fixed income, real estate equities and US global equities.
-
News
Dresdner offers schemes new volatility funds
EUROPE – Dresdner is to launch two equity volatility funds aimed at pension funds and insurance companies next month.
-
News
IPE-QUEST: UK insurer tenders convertible bonds
UK – A UK insurance company has tendered up to $100m (€77.7m) in convertible bonds via IPE-Quest.
-
News
SSGA facing loss of $13bn CalPERS index brief
US – California pension giant CalPERS is considering terminating State Street Global Advisors from a $13bn (€10.2bn) international equity index mandate.
-
News
Luxembourg FDC scheme in €4bn tender
LUXEMBOURG – The new fund set up to hold Luxembourg’s excess pension revenues is looking for managers to administer its €4bn in assets, excluding real estate and loans.
-
News
Deutsche suggests FX can save pensions
GLOBAL – Deutsche Bank says currencies can be the saviour for unfunded pension plans.
