Real Estate – Page 96
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News
Hypo Real Estate takes insurance to ease DB risk
GERMANY – German property firm Hypo Real Estate says it has covered itself against defined benefit pension commitments by taking out an insurance policy with Allianz.
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MN Services names new real estate head
NETHERLANDS - Dutch pension schemes administrator and asset manager MN Services have named Richard van Ovost as new head of its international real estate team.
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Horeca taps T. Rowe, Acadian for equities
NETHERLANDS - The €1.8bn Pensioenfonds Horeca & Catering has selected T. Rowe Price Global Investment Services and Acadian Asset Management for its €400m global equity portfolio that is currently solely managed by F&C Netherlands B.V.
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European property association CEO Hill retires
EUROPE – Judy Hill, chief executive of INREV, the European Association for Non-listed Real Estate Vehicles, is to retire.
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UK’s Turner explores housing-pensions link
UK – The head of the Pension Commission, Adair Turner, has outlined his ideas about the links between the UK housing market and retirement savings.
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Head of underperforming AP4 gets pay cut
SWEDEN – The president of the SEK151.4bn (€16.7bn) Swedish buffer fund AP4 – which underperformed its benchmark by three points in 2004 – has had his pay cut by almost five percent.
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Ousted Babcock CEO ‘misrepresented assets’
GERMANY - The surprise dismissal of Günter Schulze as chief executive of Babcock Pensionskasse followed his misrepresentation of the pension fund’s investments, sources say.
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Watson Wyatt private equity partner leaves
UK – Stephan Breban, a Watson Wyatt senior consultant and partner in charge of the private equity management research team, is to leave the firm at the end of March to set up his own business called City Capital Partners.
