All IPE articles in May 2019 (online) – Page 2
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German Pensionskassen announce major cuts to reserves
Ailing Caritas and Kölner PK have agreed recovery terms with member representatives and the national financial regulator BaFin
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Asset manager roundup: Allianz GI preps institutional trade finance fund
Plus: APG moves to close 2.2% gender pay gap; Renowned investor George Soros buys into Swiss asset manager GAM
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London pension funds appoint CIO for £36bn asset pool
Former Coal Pension Trustees CIO Michael Pratten moves from insurance company Canopius to take on interim position at London CIV
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Study highlights imbalance between dividends and pension payments
LCP found that FTSE 100 companies paid £90bn to shareholders and just £13bn to pension funds in 2018
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Brexit: UK recession warning as prime minister quits party leadership
Economists have issued renewed warnings of a possible UK recession after prime minister Theresa May this morning announced her resignation. May, who was appointed prime minister in the immediate aftermath of the country’s 2016 referendum on EU membership, said she would resign as leader of the ruling Conservative Party on ...
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Chart of the Week: Brexit helps Ireland hit record AUM
ETFs, Brexit transfers and market performance pushed Irish AUM to an all-time high of €2.64trn in the first quarter of 2019, according to new data
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France’s FRR awards €1.7bn domestic, European small cap mandates
Award concludes search launched in April last year, with US small cap and Japanese equity searches still outstanding
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Sweden revamps AP fund boards with industry veterans and academics
New chairs for AP1 and AP3, along with three new deputies and 12 new board members across the €126bn system
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£45bn local authority investment pool appoints permanent chair
Gerald Cooney, vice-deputy of Greater Manchester Pension Fund, has taken over from Paul Doughty at the Northern LGPS
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Ex-regulator slams piling up of pension fund rules
A former head of pension fund supervision in the Netherlands has argued that risk reduction requirements for schemes are over the top and counter-productive
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Technology roundup: Blockchain-based fund trading system launches
Calastone claims world first in streamlined fund trading, while French-owned blockchain platform Iznes targets European growth
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People moves: PGGM hires Groenendijk to fiduciary advice role [updated]
PGGM, Pensioen Federatie, AP3, HSBC GAM, Mercer, Arkitekternes Pensionskasse, Varma, APG, RWC, Invesco, Folksam
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Marks & Spencer strikes fresh buy-ins worth £1.4bn with PIC, Phoenix
The UK high street chain has now insured ‘approximately two thirds’ of its pensioner liabilities to reduce exposure to longevity changes and other risks
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BP investors press company on climate change reporting, targets
Management-backed shareholder resolution gets more than 99% of votes, but Follow This hails backers of its separate resolution as the ‘heroes’
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Investors remain unconvinced on financial benefits of diversity
Some major asset owners are concerned that focusing too much on workforce diversity could put them in breach of their fiduciary duty
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Sustainability accounting standards investor group expands
NBIM, Brunel Pension Partnership and Canadian pension funds among 15 new members of advisory group
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€5.9bn Dutch green bond deemed ‘expensive’
APG, PGGM, SPOV and Cardano were allocated €411m collectively, from a total of €5.9bn raised by the first AAA-rated sovereign green bond
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Church of England warns on volatility after 1.8% return for 2018
Allocations to private equity and strategic land post gains in excess of 20% as listed equity portfolio hammered by market volatility
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Swiss voters approve €4bn recapitalisation of Geneva pension fund
A plan worth CHF4.4bn will take the Swiss canton’s public pension scheme to a funding level of 75%, but without a DB to DC shift
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PGGM to increase impact investments through private equity funds
The asset manager has found that innovative companies are usually too small for direct investment to be suitable