Pension Fund Strategy – Page 3
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News
PKBS switches to Pictet, LGIM to diversify risk
The emergency takeover of Credit Suisse by UBS in March 2023 triggered the pension fund’s decision to look for new asset managers
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News
PFA’s climate product beats standard pension with 19.6% return
Parts of the green sector hit by declining investment appetite in 2024, says CIO
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News
German dentists’ scheme takes €65m hit from investments
The write-off in 2023 is higher than the €45.98m recorded in 2022, and results mostly from private equity investments and investments in ‘affiliated companies’
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News
Dutch doctors’ fund focuses on Europe in new equity portfolio
The scheme’s new concentrated portfolio only includes 65 companies
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News
Fondenel launches new equity investment option
Under the new option, the pension fund will pursue a strategy with a strong exposure to equities
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News
Austria’s BVK sees 10% rise in AUM
Provident funds’ assets under management grew by €834.16m, or 4.21%, quarter-on-quarter in Q3
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News
Fon.Te allocates further €160m to private markets
Fon.Te has also approved investments worth €130m to back alternative investment funds (AIFs) internationally
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News
Swiss BVK issues €700m infrastructure mandates
A €350m mandate will invest via a multi-manager arrangement, while the other €350m mandate will invest via an unlisted co-investment
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Interviews
AP7 boosts internal management as it reaches quarter-century milestone
Sweden’s DC buffer fund is boosting internal capacity and embarking on a hiring spree as it seeks to adapt to a harsh new investment environment
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News
P+ taken to task by Danish FSA over private equity risk measurement
Financial watchdog criticises pension fund for failing to document appropriateness of data source behind model to estimate PE risk premium
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News
ATP disappointed as Better Energy restructures
Citing ‘perfect storm of negative market conditions’, Danish renewable-energy firm enters restructuring to rebuild capital base and stabilise the business
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News
SEI joins forces with PIC to facilitate master trust access for DB scheme members
DB scheme members with DC and AVC arrangements will be able to access the SEI Master Trust
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News
Verka takes over operational business of German Red Cross pension scheme
Verka will manage close to €4bn by adding the €780m under the Deutschen Roten Kreuz scheme
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News
ATP admits DKK2.3bn investment in Northvolt now worth almost zero
Danish statutory pensions giant’s CEO declines to rule out investing more in stricken battery Swedish firm
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Analysis
Dutch doctors fund’s concentrated portfolio a ‘risky strategy’
The risk of missing out on new investment trends is seen as the main drawback of a concentrated portfolio with a buy-and-hold strategy
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News
Dutch inland shipping fund to merge with transport sector fund
Existing accruals will be transferred to Bpf Vervoer on 1 October 2025
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News
German funds for professionals to apply new asset allocation stress test
Pension funds will pass the test if they have sufficient risk capital to cover stressed assets, and if the funding ratio is at least 100%
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News
Alecta cuts DB equities exposure by €4bn in consolidation policy shift
Sweden’s biggest pension fund decides to reduce required funding level for surpluses to be transferred to employers
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News
Varma trumpets biggest investment yet with €2.3bn in US climate ETF
Finnish pensions insurer invests in Invesco New-York ETF launch, with fund tailored to its own needs
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News
Alecta starts arbitration against Heimstaden, claiming agreement was breached
Swedish pension fund argues billionaire Ivar Tollefsen’s investments in new subsidiary went against Heimstaden Bostad shareholder agreement