mast image

Special Report

Impact investing

Sections

PIMCO awarded HSBC emerging market brief

UK – PIMCO Europe says it has been awarded an emerging market mandate of undisclosed size from the trustees of the HSBC International Staff Retirement Benefit Scheme.

The specialist fixed-income manager has been appointed bond manager of the scheme, the group announced this week.

According to a statement, the mandate will be invested in PIMCO’s emerging market bond fund, which grew to £556m at the end of July 2005.

This fund – established four years ago - forms part of Global Investors Series (GIS).

“We are delighted to be working with the trustees of the HSBC International Staff Retirement Benefit Scheme. This appointment further reinforces our total commitment to the UK pensions industry,” said PIMCO’s head of institutional business development Paul Craven.

Elsewhere, Punter Southall & Co have been appointed actuaries to Express Newspapers’ two pension funds with £330m in assets and 7,300 members.

The firm – part of the Sanlam Financial Services group – said it was “delighted” at being chosen.

“We look forward to working with Express Newspapers,” said Punter Southall principal Danny Vassiliades.

According to the chairman of trustees for Express Newspapers, Paul Rudd, “We take the provision of pension benefits to our members seriously. We were impressed with Punter Southall’s innovative thinking, its service-led approach and reputation, and by appointing them we can only add to that commitment.”

In the Netherlands AXA Investment Managers was awarded a €52m mandate from Stichting Pensioenfonds Celtona - the pension fund of the Dutch subsidiary of Georgia Pacific.

The Celtona pension fund was advised by consultants, Hewitt Associates B.V. before awarding the liability driven solution mandate.

According to an AXA statement, “the mandate incorporates liability matching overlay, euro aggregate fixed income and equity investments”.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<