All IPE articles in November 2008 (Online) – Page 6
-
NewsLarge Dutch schemes back new infrastructure fund
[16:10 CET 13-11] NETHERLANDS - DIF, the Dutch independent fund manager specialising in infrastructure, has announced the first closure of its DIF Infrastructure II fund at approximately €200m with a series of large institutional investors.
-
NewsUnderfunded Siemens scheme 'might need injection'
[17:00 CET 13-11] GERMANY – Siemens AG, Europe's largest engineering company, might have to make a cash injection into its €2.5bn underfunded pension scheme if stock markets fall further, analysts said.
-
NewsGerman funds shun risk, abandon target returns – poll
[16:30 CET 13-11] GERMANY – Risk aversion has become much more of a priority for large German institutional investors, according to the latest poll by Union Investment.
-
NewsAPG to sponsor asset management start-ups
[16:00 CET 13-11] NETHERLANDS – APG, the newly separated asset manager of giant Dutch pension fund ABP, has said it is considering putting cash into a new fund for start-up asset managers.
-
NewsKLP returns -1.3% as Norwegian stocks fall
[16:20 CET 13-11] NORWAY – Kommunal Landspensjonkasse (KLP), one of Norway's largest life insurance companies, has reported a return on capital of -1.3% for the third quarter, although its assets grew to NOK201.8bn (€22.7bn).
-
NewsMorgan Stanley cuts 9% of asset mgmt jobs
[15:30 CET 13-11] GLOBAL – US banking giant Morgan Stanley says it plans to cut 9% of jobs in its loss-making asset management division.
-
NewsCrunch hits microfinance – SNS
[16:20 CET 13-11] NETHERLANDS – The credit crunch is causing institutional investors to shy away from committing to microfinance funds, says a leading player.
-
NewsNo state aid for ailing Dutch schemes
[15:40 CET 13-11] NETHERLANDS – The Dutch minister of finance Wouter Bos today said that pension funds with liquidity problems should not expect any financial help from the Dutch government.
-
NewsBT pension changes will save €119m a year
[16:20 CET 13-11] UK – British Telecom (BT) has revealed the proposed changes to its defined benefit pension scheme will save the firm around £100m (€119m) a year.
-
NewsCrisis 'wipes €3.2trn off global pensions' (UPDATED)
[13:06 CET 13-11] GLOBAL - The financial crisis wiped over $4trn (€3.2trn) from global pension assets between January and October, according to the Organisation for Economic Co-operation and Development (OECD) (Updates with more detail).
-
NewsUK consults on employer debt changes
[16:30 CET 12-11] UK – The UK's Department for Work and Pensions (DWP) has issued an informal consultation on whether to revise the rules relating to employer debt provisions.
-
NewsNumber of IORP schemes grows to 70
[16:30 CET 12-11] EUROPE – The number of cross-border pension schemes operating under the European pension fund directive has risen to 70, says the Committee of European Insurance and Pension Supervisors in its latest survey of market development.
-
NewsNestlé fund axes underperforming Mellon, JP Morgan
[16:30 CET 12-11] SWITZERLAND – Robusta, the Irish-listed fund vehicle for food firm Nestlé’s small to medium sized pension investments, has terminated Mellon Global Investments and JP Morgan Asset Management.
-
NewsBritish Coal scheme seeking investment head
[16:30 CET 12-11] UK - The £10.9bn (€13.2bn) British Coal Staff Superannuation Scheme is looking for a new chairman of its investment sub-committee to replace former Watson Wyatt partner Nick Watts, who has left “by mutual consent”.
-
NewsVeritas head of asset management to retire
[16:30 CET 12-11] FINLAND – Veritas Pension Insurance has confirmed it has appointed a replacement for Thor Sourander, the vice president of asset management, when he retires at the beginning of December.
-
NewsDutch govt supports pension umbrella proposal
[15:30 CET 12-11] NETHERLANDS - Social Affairs minister Piet Hein Donner is willing to change the Pension Act to enable cooperation between different small company pension funds within an umbrella scheme.
-
NewsActive management 'will survive crisis'
[15:30 CET 12-11] GLOBAL – The trend towards active asset management will survive the current economic crisis, says a prominent Austrian pension fund manager.
-
NewsAP2 and AP3 back World Bank climate bond
[15:20 CET 12-11] GLOBAL – The World Bank today launched a pension fund-backed green bond. The move came as investors globally urged policymakers to negotiate a new binding agreement to cut global greenhouse gas emissions.
-
NewsWednesday people roundup
[15:00 CET 12-11] GLOBAL – Insight, Hymans Robertson, bfinance, Watson Wyatt, Club Vita, tPR, CBREI, Newton, LaSalle, Baillie Gifford, PGGM, ICMA, VAM Funds, IFDS, Galena.
-
NewsObama good for pension funds, says Hermes
[16:20 CET 11-11] GLOBAL – Incoming US President Barack Obama should be good for pension funds because he will seek more “accountable capitalism”, the head of Hermes’ corporate governance arm reckons.
