All IPE articles in September 2004 (Magazine) – Page 4
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Features
Working within constraints
Norway’s pension funds are highly regulated, at least as far as funding and investments are concerned. Kjell Taftø, managing director of the Trondheim Kommunale Pensjonskasse, says that the need to produce an minimum annual level of return restricts investment freedom. “I would like to see fewer regulations, particularly in the ...
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Features
Too local for comfort
At the Novartis Pensionskasse, one of Switzerland’s leading pension institutions, the mood for risk is muted. Exposure to equities was reduced from 31% at the end of 2002 to 16% a year later; the target for this year is 20%. “The markets are still rather over-valued,” says Gino Pfister, pension ...
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Features
Citigroup throws down global real estate gauntlet
The new chief executive of Citigroup’s real estate arm has outlined its plans to create a “top tier” global real estate investment management business in an interview with IPE Real Estate. “Our mandate is to become a top tier global real estate investment manager and to create institutional-quality investment opportunities ...