Real Estate – Page 123
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Lincolnshire Council to cut equity weighting
UK – The £740m (€1,215m) Lincolnshire County Council pension fund is likely to reduce its equity weighting as a result of an asset liability study (ALS) currently being undertaken to evaluate its investment strategy.
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HSBC's GIS wins £5bn trade cost analysis mandate
UK – Global Investor Services (GIS), the global custody division of HSBC, has won its first contract for its newly-launched transaction cost measurement service (TCMS) from Wolverhampton City Council, the administrator for the £5bn (€8.2bn) West Midlands pension fund.
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Radical overhaul at AHV means March and June RFPs
SWITZERLAND- Switzerland’s first pillar federal pension scheme Ausgleichsfonds der AHV has started a radical overhaul to its asset allocation following new legislation allowing it to invest in global equities for the first time.
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Standard Life takes £220m mandate from Aberdeen
UK- Standard Life Investments has replaced Aberdeen Property AM as managers of the £2.2bn South Yorkshire pension fund’s £220m segregated property portfolio. The portfolio comprises a mix of retail, office and industrial premises.
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Swiss Fund seeks additional managers for €2.4bn
SWITZERLAND – The SFr10bn (€6.8bn) Swiss Post Office pension fund is to begin searching for additional asset managers in March, having already selected UBS Asset Management, Credit Suisse Asset Management and Pictet to run various portfolios for the recently-created fund.
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Euro to have significant effect on property market
EUROPE – The introduction of the physical euro will have a significant symbolic impact on investor confidence in the European real estate market, suggests Lasalle Investment Management’s (Lasalle IM) latest ‘Investment Strategy Annual’ report....
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CDC IXIS poaches DTZ property team
FRANCE – CDC IXIS Capital Markets (CICM) has poached 11 team members from DTZ Corporate Finance, including managing director John van Oost, to further strengthen its real estate investment banking team....
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Aon wins Det Norske Veritas UK admin mandate
UK – Aon Consulting has won the mandate to provide actuarial advice, pensions consultancy and administration to the UK defined benefit pension (DB) scheme of Det Norske Veritas (DNV) UK, the UK branch of the Norwegian independent property safeguarding and risk management foundation....
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UK pension funds reduce property exposure
UK - Pension funds and insurance companies decreased their exposure to commercial property by £75 million in the third quarter of 2001 - the first quarter of negative net investment since the quarter following the emerging market crisis at the end of 1998, according to National Statistics data published today ...
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MFS wins SFr50m CERN pensions mandate
SWITZERLAND/UK – The Centre Europeén pour la Recherche Nucléaire (CERN) the Geneva based European nuclear research centre, has appointed London based MFS International to run a SFr50m (€33.9m) active European equity mandate within its pension fund....
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Norwegian asset management/property firm launches
NORWAY – The Norwegian State railway, Norske Stadsbaner (NSB), and Aberdeen Celexa Property Investors Nordic Region (ACPINR) have jointly created Celexa Eiensdomsforvältning (CE), a new asset and property management and administration company...
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Aberdeen wins Windsor Life property mandates
UK – Aberdeen Property Asset Managers (APAM) has won the mandate to run the £180m (€287.5m) property investment portfolios of Windsor Life Assurance Company (WLAC)....
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Cross-border real estate investment rises
EUROPE - European cross-border investment in real estate rose for the third quarter of this year but remains some 25% below the record figures of last year, according to the latest report from DTZ Research....
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Aon wins Crown Estate pensions advisory brief
UK – Aon Consulting has been appointed as actuarial adviser, pensions consultant and scheme administrator to the £12m (€19.5m) defined benefit (DB) pension plan of the Crown Estate....
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Punter Southall names two new principals
UK – Consulting actuary firm, Punter Southall (PS), has promoted Gail Chorley and James Saunders to the position of principal, bringing the number of principals at the company to 23....
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BGI builds on B&CE mandate with £150m top-up
UK – Barclays Global Investors (BGI) has been selected to run an additional £150m (€243.5m) overseas equities and bonds mandate for the £650m defined benefit (DB) pension plan for the Building & Civil Engineering Benefits Scheme (B&CE)....
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Rothschild names new institutional client manager
UK – Rothschild Asset Management has appointed Marion Colverd as manager of its institutional client service team in London.
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AXA IM creates new alternative assets division
UK/FRANCE - AXA Investment Managers (AXA IM) has created a new structured and alternative investment management (SAIM) division within the firm to house its structured and hedge fund businesses....
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Dutch construction fund splits into three schemes
NETHERLANDS – The NLG500m pension fund for construction related group, NBM Amstelland, is to divide into three different schemes after the company was split up, in a move that has put a number of investment management and administration mandates up for grabs in the Dutch market....
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Credit Suisse buys SLC Asset Management
UK - Credit Suisse Asset Management (CSAM) has acquired SLC Asset Management Group (SLCAM), the UK asset management subsidiary of Sun Life Financial of Canada, in a deal that will add around £11bn to CSAM’s assets under management.....
