Returns – Page 53
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NewsPNO Media scheme credits alts, active management for investment gains
The creative sector pension fund is the latest to see returns wiped out by currency movements due to hedging position
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NewsDutch doctors’ scheme ditches commodities following review
The €11bn SPH has also cut its allocation to Chinese equities, preferring broader allocations to emerging markets
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NEST anticipates hitting £10bn by end-March 2020
The authorised master trust is growing rapidly, with assets under management doubling to reach £5.7bn at the end of March
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€11bn Dutch medical consultant scheme not keen on system reform
Pension fund for self-employed medical consultants says that with its 3% fixed inflation compensation, it already had an ‘excellent’ pension plan
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Austrian pension funds return 6.72% over H1 2019
Pension fund association identifies active management, Federal Reserve decision, and equity markets as the main drivers
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PostNL reduces equity carbon footprint through shift to best-in-class
€8.4bn Dutch scheme for postal staff said the change lifted its equity returns by one percentage point
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PPF assets grow to £32bn but surplus hit by Kodak claim
A 5.2% investment return for 2018-19 helped boost assets but the lifeboat fund’s biggest claim dented its surplus
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Cambridge University endowment gains 8.8%; Oxford ‘flat’ for 2018
Multi-billion pound endowment funds report mixed results for private assets and listed equities
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NewsStrathclyde pension fund gains 5.9%, Lothian rejigs allocation categories
Two largest Scottish local authority pension funds report on performance in the year to the end of March
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€6.8bn chemical company scheme decides against consolidation
PDN says it is optimally prepared to address developments in the changing Dutch pensions sector
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C&A scheme reduces equities to protect financial position
The €1.4bn pension fund also raised its interest rate hedge position from 50% to 60% of liabilities, and divested from an 8.1% allocation to hedge funds
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Market recoveries prompt 2.2% Q1 return for Spanish funds
Alternative asset classes boost returns after difficult end to 2018, according to Mercer and Inverco stats
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Achmea scheme’s booming Dutch property holdings deliver 24%
The Dutch insurer’s pension fund posted an overall loss of 1.6% for 2018 despite significant gains from its property and infrastructure investment portfolios
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PGGM attributes €11m loss to ‘complex IT modernisation’
The €211bn asset manager said its investments outperformed for pension fund clients, in particular credit, real estate and infrastructure
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BpfBouw increases dollar hedge following currency loss
Construction sector scheme loses 2.1% on currency hedge chiefly due to appreciation of dollar in 2018
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Dollar, yen appreciation behind Philips scheme’s 2.4% investment loss
Pension fund wants to maintain currency hedge but has halved the value of the position ‘for strategic reasons’
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Discount rate change to increase chances of pension cuts at Dutch schemes
Committee led by former finance minister Jeroen Dijsselbloem has recommended reducing both the ultimate forward rate and assumptions for returns
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Active management fails to deliver added value for Rabobank scheme
Dutch bank’s pension fund says its factor-based equity allocation lagged its benchmark by 2.25 percentage points in 2018
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NewsTop 400 Asset Managers: AUM grows 1% amid market volatility
BlackRock retains number one spot but six of top 10 managers reported a lower AUM figure than last year in IPE’s annual survey
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Most pension funds missed funding recovery targets, says Dutch regulator
Three pension funds – including giant metal and engineering sector pension funds PMT and PME – are facing benefit cuts in 2020
