Pension Fund Strategy
In-depth reporting on pension fund investment strategy for our institutional investor and asset management readers from IPE’s award-winning journalists.
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NewsIlmarinen profits from bonds in first half, and tops Keva’s flat return
Municipal pensions giant Keva blames “devaluation of dollar’ for its narrow overall investment loss
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NewsLufthansa lands LDI strategy to €9.14bn portfolio as it builds on bonds allocation
Fixed income allocations rose to 49.7% at the end of 2024 from 37.6%, while equity allocations fell over the same period from 34.5% to 24.7%
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NewsDanica bans 1,700 fossil fuel firms, shifting to ‘transition-ready’ stocks
Danish pension provider draws up long blacklist of ‘transition laggards’ including Shell, Exxon Mobil and Equinor
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NewsBerlin’s prosecutor drills into dentists’ pension scandal
Potential claims for damages are now being pursued against the VZB, the €2.2bn pension fund for dentists in Berlin
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NewsDanish pension funds doubled defence investments in 15 months, IPD shows
Surge in value of defence assets partly due to pension firms increasing holdings, partly due to rising prices for European-listed defence stocks, says lobby group
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NewsRailpen calls on investors to assess AI portfolio risks
The pension fund, in partnership with Chronos Sustainability, developed the AI Governance Framework that translates responsible AI principles into actionable practices
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NewsByblos appoints Payden & Rygel for €190m balanced mandate
The €1bn pension fund for the media sector has awarded a globally balanced mandate to invest in bonds, equities and UCITS funds
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AnalysisIPE UK Briefing: Pensions Review and Pensions Commission
Plus: Next phase of asset pooling; Connecting to the Dashboard; Attractive BPA market
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NewsRailpen picks Neuberger Berman for securitised credit mandate
The mandate primarily invests in securitised debt securities, including collateralised loan obligations, asset-backed securities and mortgage-backed securities
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NewsDow Chemical pension fund gears up for buyout
Several insurance firms active on the Dutch buyout market have shown interest in a buyout of the €2.1bn pension fund of US chemicals giant Dow
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AnalysisIPE Netherlands Briefing: Dutch funds reverse course on active management
Plus: SamCo, the asset manager of most Shell pension funds, will be wound down, and Goldman Sachs Asset Management will be fiduciary manager of six Shell schemes
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NewsItalian pension fund defends position in ‘banking M&A risk’ game
Enpam and Fondazione Enasarco offices were raided by Italy’s Guardia di Finanza seeking documentation relating to securities transactions
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NewsFondo Fon.Te looks for managers to invest €1.61bn in sub-funds
The €6bn pension fund for Italy’s commerce, tourism and services sector is seeking to award 18 mandates in total
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NewsUSS flags gap between emissions data and physical climate risk
The Universities Superannuation Scheme has seen an increase in AUM to £76.8bn, and has a funding level 116%
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NewsDollar hedging helps PFA year-to-date return amid summer stocks rally
Danish pension and insurance firms boosted hedging against US currency unit declines to 73%, central bank reports
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NewsDutch Kas Bank scheme swaps concentrated portfolio for index approach
The decision comes after four years of considerable underperformance, with its ‘very restrictive’ ESG policy to blame
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NewsWiltshire Pension Fund selects LGPS Central as preferred pooling partner
Wiltshire Pension Fund is looking for a new home following the government’s red light on Brunel’s business plan
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NewsFrench pension reserve fund to invest up to €200m in securitisation
Decision comes as European Commission embarks on reform drive to revitalise the securitisation market
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NewsFrance’s FRR launches private equity mandates
The total value across both mandates is expected to be €400m-500m, with each mandate running for 15 years
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InterviewsFondoposte: New investment strategy, same values for Italian postal workers' pension fund
Antonio Nardacci, chairman of Fondoposte, the pension fund for Italian postal workers, speaks to Luigi Serenelli about the fund’s revamped offering, its domestic investments and ESG
