- Nordic funds to boost alternatives
- ATP makes unprecedented push into UK market
- Truls Tollefsen, Vital Forsikring
- NBIM stalls on planned property investme...
- Surge in optimism and growth asset inves...
- Equity long/short strategies possible so...
- Danish pensions giant to boost alternatives
- PEOPLE ON THE MOVE
- Finnish Alko latest pension fund to close
- Danish PKA makes debut microfinance inve...
- Nordic funds welcome the return of the bond
This year will be remembered for the comeback of one asset class. While Nordic pension funds have previously been keen to diversify their investments into equities and alternatives at the expense of fixed income, the recent market crisis has made bond holdings reappear at the top of the investment agenda.
- Norway: Amnesty tarnishes Norway’s ‘gold standard’ pension fund
Amnesty International Norway is calling for the Norwegian Government Pension Fund – Global to take a tougher stance on its bond investments by excluding government bond holdings in countries that are breaching human rights.
- Iceland: Engineers spark real estate first
Lífeyrissjódur verkfrædinga, the Icelandic Engineers’ Pension Fund, has made its first foray into property.
- Denmark: F&C chalks up debut Nordic deal with Danish teachers’ fund
In its first mandate win in the Nordic region, F&C Investments has been appointed to provide active engagement services for the Pædagogernes Pensionskasse (PBU), the DKr29.8bn (€4bn) Danish pension fund for early childhood teachers.
- Private equity still king in the Nordics
Nordic pension funds will continue to plough money into private equity, which remains one of the most attractive asset classes for the region’s funds.
Ubbe Strihagen
Schroders keeps up Nordic drive with senior appointmentSchroder Property is continuing its push into the Nordic region by adding more senior staff from its competitor Aberdeen Property Investors.
Sarah McPhee
People on the MoveSarah McPhee has been appointed chief executive of Swedish pension provider SPP and group director at Storebrand.
- Icelandic funds forced to make short-term moves due to weakening currency
The combination of high inflation and the depreciation of the krona has created a stir in the Icelandic pension industry. Caroline Liinanki finds out what tactical allocations have been made.
Claus Stampe, PensionDanmark
Danish appetite for equities wanes after poor results and falling solvency levelsStill battered from global economic turbulence, many Danish funds have been loath to go public about their declining solvency levels. The widespread drop in equity exposure, however, is no secret, writes Reeta Paakkinen.
- Swedish media sway AP7’s hedge fund strategy
Facing pressure from regulators, the press and the public, Sweden’s AP7 has embraced hedge fund replication to lower its vulnerability to hedge funds’ inherent risks, writes Spencer Anderson.
- Finns play it safe with huge equity cuts and a move into money markets
After a healthy boost to equities for over five years, Finnish investors have now bucked the trend by dumping the asset class in a risk-averse first half of 2008, writes Caroline Liinanki.
- Money makes the Nordic pension world go round
After a turbulent first half, Nordic pension funds are trying to change their luck by upping equities, private equity and cash holdings writes Hjalmar Tjan.
- Portfolio construction key to Gildi’s moderate success
Despite a challenging domestic climate, Iceland’s Gildi is faring better than its competitors, writes Caroline Liinanki.
- Equity-heavy Ilmarinen defiant despite losses
Despite coming second to last among Finnish pension companies in 2008, Ilmarinen is standing its ground, writes Caroline Liinanki.
The Interview: Marinó Örn Tryggvason, Kaupthing BankWith Iceland still reeling from the credit crunch and the future of the krona uncertain, Marinó Örn Tryggvason, Kaupthing’s head of institutional asset management, tells Caroline Liinanki why inflation-linked government bonds are still a good horse to back.
- Getting your house in order
Despite setting the gold standard for responsible investment worldwide, the Nordic region is only now looking to apply it to property Caroline Liinanki investigates.
- Dividing the spoils
Institutional investors are experimenting with separating their alpha and beta return streams. In theory, writes Martin Steward, there are efficiency and risk-management payoffs – but is it as simple as it sounds?
- Turkey’s high-risk investment vista
Despite boasting the most volatile financial markets in Europe, the Turkish investment landscape is presenting some long-term opportunities. Caroline Liinanki investigates.
- Opportunities amid US housing decline
Peter Leane, head of the Nordic region and Elysia Tse, head of US Real Estate Research at BlackRock, examine the potential severity of the current slump in the US housing market.
- Are emerging economies decoupling from the US?
Does the old saying in economics: “When the US sneezes, the rest of the world catches a cold”, still hold true? Ramu Thiagarajan, managing director and head of DB Advisors’ Quantitative Research Center, sets out some research findings.
- Looking on the bright side of modern economics
Wegelin’s Daniel Leveau, partner, and Magne Orgland, managing partner and chief investment officer, discuss the paradigm shift in financial market theory.
- Time to take a contrarian approach and reconsider Japan
With most emerging market talks turning to China and India, Japan is one neglected economy that should be on investors’ radars, writes David Townshend.
- The long and short of researchled stockpicking
Rising interest in active extension investment has increased the need for managers with additional skill sets to help returns mushroom. By Alex Homan.
- Euro File: Netherlands
After a tumultuous year for global markets, the Dutch pension industry has certainly taken hits. But its recent risk adjustments have meant it will survive this particular storm, writes >Hjalmar Tjan.
