Real Estate – Page 84
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Danish schemes eye global real estate
REAL ESTATE - Investors including four major Danish pension funds have committed E310m in the first closing of the global real estate fund in Europe to invest in non-listed property funds. (This article first appeared on www.IPERealEstate.com.)
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Russell hires from ING, Watson for Europe push
EUROPE – Multimanager specialist Russell Investment Group says it has hired staff from ING Investment Management and Watson Wyatt amid growth in Benelux and the Nordic countries.
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Commodities the new hedge funds - Credit Suisse
UK – Commodities could become more popular than hedge funds among institutional investors, according to Credit Suisse.
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ING institutional AUM rises 27% in year
NETHERLANDS – Institutional client assets under management at ING rose 27.5% to €104.9bn in 2005.
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Investor confidence dips, Merrill says
GLOBAL – Investor confidence in Europe dipped this month revealing a slightly pessimistic outlook for economic growth in the region, according to the latest Merrill Lynch Regional Fund Manager Survey.
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Swiss fund loses 92% property allocation case
SWITZERLAND – A small pension fund tied to a co-operative bank in the city of Thun has failed in court to get an exemption from government rules requiring schemes to diversify their holdings.
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Hampshire set to overhaul managers
UK – The £2.4bn (€3.5bn) Hampshire County Council Pension Fund is in the process of a complete managerial overhaul as part of a move towards a more specialist approach.
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PGGM fixed income head Schlukebir to leave
NETHERLANDS - Hans Schlukebir, head of fixed income at the €71.5bn Dutch health care sector fund PGGM, is to leave on March 1 after two years in charge of the department.
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PensionDanmark reports 15.3% return
DENMARK – Blue-collar sector pension fund PensionDanmark has posted a pre-tax investment return of 15.3% for 2005.
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Deutsche unveils €7bn outflows
GERMANY – Deutsche Bank’s asset management division, including private clients and institutions, was hit by €7bn in outflows during the fourth quarter of 2005.
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Ilmarinen real estate chief Kankuri exits
FINLAND – Ilmarinen Mutual Pension Insurance Co. has hired Esko Torsti to take over from real estate head Timo Kankuri.
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IPE-QUEST: Dutch fund tenders real estate
NETHERLANDS – A Dutch pension fund has tendered up to €500m in Asian and European real estate via IPE-Quest.
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Germany’s BVV fund names Aden to board
GERMANY – BVV, a €17.7bn pension fund for the German financial services industry, has appointed Helmut Aden to replace Christoph von Langsdorff on its two-member board.
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NAPF governance advisor Lindey to leave
UK - Geoff Lindey, strategic advisor on corporate governance at the National Association of Pension Funds, is to leave.
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PGGM names Overmeer to investment board
NETHERLANDS – Dutch health care sector pension fund PGGM has named Jan Overmeer to its three-strong investment board committee.
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UK high streets a magnet for private equity
UK - Private equity investment in the UK’s high street continues to be robust, despite concerns that consumer spending is about to fall.
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Zurhorst joins SWIP from DrKW
EUROPE – Scottish Widows Investment Partnership (SWIP), the asset management arm of the Lloyds TSB group, has named Peter Zurhorst as head of its business in northern Europe with specific responsibility for expanding institutional business in Germany.
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Germany’s Faros hires another FERI consultant
GERMANY – Faros Consulting, a two-year-old investment advisor for institutional clients, has hired another consultant from rival FERI.
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UK asset management jobs set to rise - CBI
UK – Bullish expectations mean employment numbers across the fund management industry look set to increase even further in the next quarter, according to the CBI and PricewaterhouseCoopers quarterly Financial Services Survey.
