Returns – Page 114
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NewsSwedish default fund AP7 returns 8.3% over first half
SWEDEN – Country's private fund management firms return 4.6% on average over same period.
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NewsMNOPF debates complete buyout and winding down of fund's Old Section
UK – Buyout could be completed by autumn, fund tells members in letter seen by IPE.
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NewsAP1 sees returns recover, boosts exposure to alternatives
SWEDEN – National buffer fund seeks to de-risk equity portfolio after 10% loss in 2011.
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NewsDanish roundup: FunktionærPension, Lærernes, Industriens, PBU
DENMARK – FunktionærPension first-half profits surge in run-up to Dansk Erhverv merger.
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NewsDanish roundup: PFA, Sampension
DENMARK – Commercial pension provider PFA makes €2.2bn return on investment in first half.
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NewsDutch asset manager PGGM to lower investment costs for clients
NETHERLANDS – Asset manager for €118bn PFZW to focus on lowering costs for six clients.
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Interest hedge boosts returns at pension fund for cleaners
NETHERLANDS – Nearly 8 percentage points of 10.7% return come from 60% hedge of interest risks.
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Danish roundup: AP Pension, PensionDanmark, FSP, LD
DENMARK – AP Pension to cut account dividend to comply with government’s pensions pact.
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NewsRoyal Mail appoints new chair of trustee, reviews strategy
UK – Pension fund transferred £27.5bn in assets to Treasury in April.
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NewsSwiss pension funds recover in H1, but 'reforms still needed'
SWITZERLAND – Pension funds return 3.5% on average over first half of year.
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NewsLow interest rates cancel out recovery contributions at Dutch Sara Lee fund
NETHERLANDS – Investment returns at fund further dented by small loss on currency hedge.
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QE had 'broadly neutral impact' on pension funds, says Bank of England
UK – Central bank assumptions challenged by Hymans Robertson as too ‘broad brush’.
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NewsIrish NTMA sells €1bn of amortising bonds in first auction
IRELAND – Bonds with maturities of 35 years prove most popular, raising €330m.
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NewsDenmark's ATP sees profits fall by 50% over H1 2011
DENMARK – Investment returns see lower year-on-year decline, down DKK1.4bn.
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NewsDutch face rights cuts of 8% with current discount rate, says government
NETHERLANDS – Leaked memo estimates 12m at risk of rights cuts if discount rate is maintained.
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NewsABP and PMT reject call to buy bank mortgage portfolios
NETHERLANDS – Employer lobby group agrued loan sale would allow banks to start lending again.
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NewsDutch scheme ABP expects rights cuts of up to 14%
NETHERLANDS – Leaked memo predicts average contribution will need to rise nearly 30%.
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NewsConcerns over exits at Ilmarinen-owned manager leads to 'unsatisfactory' results
EUROPE – Private equity fund manager nonetheless predicts €700m fundraising by year-end.
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NewsFinancial markets in pre-euro state, says Finland's Varma
FINLAND – Provider posts 3.4% returns for six months to June despite euro-zone uncertainty.
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NewsAIB pension trustees approve €1.1bn loan portfolio transfer
IRELAND – Transfer to address scheme deficit, fund early retirement redundancies.
