Returns – Page 187
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News
2001 proves boost for fund specific benchmarks
UK- 2001 saw an increased number of UK pension schemes adopting their own fund specific benchmarks according to the latest Russell/Mellon CAPS pension survey. The increase continues a gradual trend evident throughout the 1990s- in 1990, only 4% of pension funds used their own benchmark opposed to 68% at the end of 2001.
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News
2001 worst year for UK Pension funds since 1990
UK- UK pension funds reported the worst returns last year for more than a decade according to the performance measurement consultants WM Company.
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News
£2.3bn Boots fund sells entire equity holding
The £2.3bn (e3.7bn) pension fund of the Boots group has sold its entire equity and short-term bond investments and switched its allocation to sterling long-dated fixed rate bonds in a shift that the fund says will save it around £10m per annum in management fees.....
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News
Luxembourg to reduce funds subscription tax
LUXEMBOURG – A proposal to reduce the annual subscription tax from 0.06% to 0.05% that investment funds in Luxembourg pay on their net assets under management is included in the draft budget for 2002 to go before parliament in September....
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News
ABP looks to property and hedge funds
NETHERLANDS – Dutch superfund, the NLG331bn (e150bn) Heerlen based ABP pension plan for Dutch civil servants and teachers, says it is considering increasing its allocation to real estate investment and will also shortly announce appointments to a number of hedge fund mandates as part of an e2bn hedge programme....
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News
ABP on course for equity increase despite markets
NETHERLANDS – Europe’s largest pension fund, the NLG331bn Heerlen based ABP pension fund for Dutch civil servants and teachers, says it is on course to complete its increased exposure programme to equity, despite taking a hit on its funding buffer last year due to the adverse market conditions....
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Features
Finnish funds rise 22%
Figures released by the Finnish Federation of Employment Pension Institutions show Finnish pension fund assets reached Fim 370.4bn (E62.3bn) at the end of last year, up 22% on 1998 and double the 1994 total. Totals are based on the sum of salaries which have grown substantially in the last five ...
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Features
Another good year for UK fund performance
UK pension funds have had another good year, according to both UK investment performance measurement companies. The WM Company, with over 75% of the UK market, and CAPS, with 22%, both calculate that pension funds enjoyed an overall average return of over 11% in 1996. (CAPS figures are provisional.) For ...
