December 2010

Uncategorised posts

Funds flow to bonds. Why?

The largest bond manager in the world, PIMCO, is cleaning up. Figures from researcher and data provider eVestment Alliance show that institutional investors put more than twice the amount of money into US fixed-income funds in the past three months than any other asset class.

GREG BRIGHTDecember 8, 2010

Uncategorised posts

Indian festivities glisten as pension funds consider gold

Uncertainty about whether inflation or deflation is the greater threat in the US and Europe, coupled with record prices for – and individual investor buying of – gold, have prompted an unusual level of interest in the yellow metal by pension funds.

GREG BRIGHTDecember 8, 2010

Investor Profile

Hermes’ message: don’t be investment banker ‘wannabes’

Funds managers should get back to their roots, says Saker Nusseibeh (pictured), the investments chief of the £32 billion ($50.3 billion) BT Pensions Scheme’s funds management arm, and renew their long-term aim of delivering risk-adjusted alpha and stop being “investment banker wannabes”.

SIMON MUMMEDecember 8, 2010

Uncategorised posts

It’s ‘arrivederci’ for Italian funds managers

A new regulatory environment in the Italian asset management industry could be a boon for international players as domestic firms may consider selling due to more stringent capital requirements, a study by RBC Dexia and Ernst & Young has found.

Amanda WhiteDecember 1, 2010

Investor Profile

APG opts for status quo in allocations

Conservatism will reign in the Netherlands in 2011, as a well-diversified, relatively liquid portfolio drives the asset allocation of APG Asset Management. But while caution rules, head of strategy, Ronald Wuijster is also well-aware of the need for an open mind around the measurement of risk.

Amanda WhiteDecember 1, 2010

Uncategorised posts

Norway’s auditor slams manager fees as ‘reprehensible’

Norway’s Finance Ministry is under fire for huge fees paid to external fund managers of the NOK3 trillion ($478 billion) Government Pension Fund, with the country’s auditor general criticising Norges Bank as “reprehensible” for paying out NOK500 million ($81 million) on a mandate of NOK3.3 billion ($534 million).

PHILIPPA YELLANDDecember 1, 2010

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