Markets – Page 266
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AP1 to tender up to E429m in Pacific equities
SWEDEN – Sweden’s 12.8 billion euro first national pension fund, Forsta AP-fonden or AP1, will be tendering a Pacific equities mandate of up to 500 million dollars (429 million euros) in the near future, as it moves to a more active strategy.
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UK pension funds lack formal assessment of consultants
UK – An overwhelming majority of UK pension funds have no formal way of assessing the advice they receive from consultants, according to a new survey.
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Norway’s KLP ready for new pension proposals
NORWAY – Mutually-owned insurer KLP says it is well placed to benefit from proposed changes in the Norwegian pensions market, but says it will mean hard work and a change in its approach.
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European ETF assets rise 17% - Morgan Stanley
EUROPE – Assets under management in exchange traded funds listed in Europe rose by 17.1% in April, according to the latest research by Morgan Stanley.
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Guinness pension fund appoints Morgan Stanley
IRELAND – The 1.2 billion euro Guinness Ireland group pensions scheme has appointed Morgan Stanley Investment Managers to run an 110 million euro European fixed income mandate.
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Dutch pension fund tenders mandate via IPE-Quest
NETHERLANDS – A Dutch pension fund has put out to tender a euro zone equities enhanced index mandate via IPE-Quest.
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French reserve fund appoints Mercers
FRANCE – The 13.1 billion euro French reserve state fund has appointed Mercer Investment Consulting to assist with selecting investment fund managers.
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Credit Agricole wins KLM emerging market mandate
NETHERLANDS/FRANCE – Blue Sky Group, manager of the 6.5 billion euro pension fund of Dutch airline KLM, has appointed Credit Agricole Asset Management to run a global emerging market equity mandate.
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Northern Trust hires Martin Currie’s Sagraves
UK – Northern Trust Global Investments has hired Barry Sagraves from Martin Currie to head its European investment business.
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SWIP hires ex-RSA global funds head
UK - Scottish Widows Investment Partnership has hired former Royal & Sun Alliance global funds head Tim Scholefield as head of international research and global sectors.
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S&P names European investment services head
EUROPE – Ratings agency Standard & Poor’s has appointed Geoff Hawksworth to head up its European Investment Services business.
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Schroders in European property push
EUROPE – Schroders Property Investment Management is making a push into Europe, joining two European property associations, and adding one member to its team.
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Allianz’s PIMCO launches eight funds for Europe
EUROPE – PIMCO has launched eight new specialist pooled fixed income funds aimed at institutional investors across Europe.
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Stoxx slams new FTSE
SWITZERLAND – The head of index provider Dow Jones Stoxx says the new FTSE-Euronext pan-European index series is a “copy” of the DJ Stoxx 50 – and that many institutions won’t shift index providers in the current market.
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Irish reserve fund to move into new asset classes
IRELAND - The commissioners responsible for the investment strategy of Ireland’s eight billion euro National Reserve Pension Fund have decided about exposure to additional asset classes apart from equities and bonds.
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ABN Amro asset management profit falls 26%
NETHERLANDS – Net profit at ABN Amro’s asset management division declined by 26.3% to 14 million euros in the first quarter.
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Pension funds targeted with new SLAM fund
UK – Swiss Life Asset Management UK is targeting pension funds wishing to gain global exposure to equity markets outside the UK with the launch of a new fund.
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French asset managers increase SRI capability
FRANCE – French investment firms are rapidly expanding their socially responsible investment management capabilities, reveals a study by SRI information provider Novethic and consultant Amadeis
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Aegon sees benefit from demographic change
NETHERLANDS – Insurance and pensions provider Aegon says that the ageing population continues to “bode well” for its earnings for a long time to come.
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UK’s BoS restructures e1.73bn pension fund
UK – Edinburgh Fund Managers and Baring Asset Management have lost their mandates for the Bank of Scotland’s 1.2 billion pound (1.73 billion euro) pension scheme as a result of a complete restructuring of the fund.
