http://globalmoneymanagement.com/RSS.aspx?FeedID=34©2010 Compliance Reporter60Portfolio StrategiesThe EUR20 million (GBP7.2 million) defined benefit scheme Stichting Pensioenfonds KSB Nederland BV plans to liquidate its fund at the end of 2011 and will implement a new average wage scheme instead in January 2012. http://globalmoneymanagement.com/Article/2663105/Dutch-Scheme-To-Liquidate-Fund-Next-Year.aspxTue, 07 Sep 2010 17:31:49 GMTThe Printpack Europe Pension Scheme will wait until the results of the ongoing actuarial valuation in October before re-evaluating strategy.http://globalmoneymanagement.com/Article/2663078/Printing-Firm-Plots-Strategy-Review.aspxTue, 07 Sep 2010 17:05:10 GMTThe two defined benefit schemes for professional services firm PricewaterhouseCoopers, worth a combined GBP164 million, are closing to future accrual on April 5. http://globalmoneymanagement.com/Article/2663077/Accountancy-Firms-DB-Schemes-To-Close.aspxTue, 07 Sep 2010 17:04:59 GMTThe foundation for the Association of Commonwealth Universities (ACU) has converted its assets from cash to equities, according to Director of Finance Keith Stephenson.http://globalmoneymanagement.com/Article/2662578/Uni-Foundation-Converts-To-Equity.aspxMon, 06 Sep 2010 18:56:25 GMTThe EUR4 million Wienerberger’s pension fund has changed its status to corporate defined contribution scheme from corporate defined benefit scheme. http://globalmoneymanagement.com/Article/2662577/Tile-Maker-Switches-To-DC.aspxMon, 06 Sep 2010 18:55:44 GMTPortfolio Advisors LLC has been hired by Avadis Anlagestiftung to manage its recently-launched Private Equity World VIII funds. http://globalmoneymanagement.com/Article/2662033/Swiss-Firm-Hires-Manager-For-New-PE-Fund.aspxFri, 03 Sep 2010 18:14:47 GMTInstitutional investor appetite in light exotics such as worst-of and best-of baskets has picked up in recent weeks, according to P.J. Andersson, global head of Pan-Asian equity derivative and convertible sales at Citigroup in Hong Kong.http://globalmoneymanagement.com/Article/2661345/Citi-Sees-Asian-Institutional-Interest-In-Exotics-Peak.aspxThu, 02 Sep 2010 22:23:50 GMTThe Labour Insurance Fund in Taiwan has increased its international investments for further portfolio diversification and increased returns. http://globalmoneymanagement.com/Article/2660649/Taiwan-Bureau-Ups-Intl-Investments.aspxThu, 02 Sep 2010 07:53:00 GMTBNP Paribas Investment Partners, which handles a EUR10.5 million active equity mandate for Vlaamse Gemeenschap Pensioenfonds, is likely to end up with a passive brief. http://globalmoneymanagement.com/Article/2659034/Active-Equity-Manager-May-See-Passive-Switch.aspxTue, 31 Aug 2010 02:59:17 GMTPensionskasse der Genossenschaftsorganisation in Bayern, the EUR330 million multi-employer defined contribution scheme, plans to significantly change its strategic asset allocation before the end of the year.http://globalmoneymanagement.com/Article/2659032/German-Scheme-Plans-Asset-Mix-Revamp.aspxTue, 31 Aug 2010 02:56:40 GMTGroep New Holland Belgie Voorzorgsfonds, the EUR35 million Belgian corporate defined benefit scheme, has invested for the first time in alternatives through a fund of hedge funds using an absolute return strategy.http://globalmoneymanagement.com/Article/2657803/Tractor-Scheme-Makes-Maiden-Alts-Investment.aspxThu, 26 Aug 2010 19:01:41 GMTThe pension fund of HeidelbergCement has selected seven external fund managers. Two will handle a corporate bonds mandate, while five hold alternatives briefs. http://globalmoneymanagement.com/Article/2657462/Cement-Scheme-Picks-Manager-Septet.aspxThu, 26 Aug 2010 13:05:31 GMTTupperware Pensioenfonds has slightly increased its emerging markets equity exposure in the aftermath of its latest triennial asset/liability matching study, which it conducted this year with the help of Hewitt Associates.http://globalmoneymanagement.com/Article/2657460/Food-Storage-Scheme-Shows-Appetite-For-EM.aspxThu, 26 Aug 2010 13:03:40 GMTEuropean real estate high returns are leading Generali Pensionskasse AG to increase its exposure to the asset class.http://globalmoneymanagement.com/Article/2655200/Austrian-Insurer-To-Increase-RE.aspxMon, 23 Aug 2010 12:02:17 GMTWiltshire County Council Pension Scheme has long-term plans to passively manage and reduce its U.K. equity allocation. http://globalmoneymanagement.com/Article/2655199/County-Council-Pacifies-UK-Equity.aspxMon, 23 Aug 2010 12:01:03 GMTNestlé Pensionskasse will conduct an asset/liability matching study next year with the help of Nestlé Capital Advisers. http://globalmoneymanagement.com/Article/2654448/Chocolatiers-Plan-ALM-Study.aspxFri, 20 Aug 2010 09:41:53 GMTThe GBP1.2 billion AA Pension Scheme has undertaken a significant change of strategy and managers since appointing Hewitt Associates as its consultant last August (iisearches, 7/8/09).http://globalmoneymanagement.com/Article/2654446/Motor-Insurer-Diversifies-Portfolio.aspxFri, 20 Aug 2010 09:39:40 GMTThe GBP222 million Shetland Islands Council Reserve Fund is planning to restructure its portfolio following an asset strategy review. http://globalmoneymanagement.com/Article/2653820/Islands-Council-Restructures-Portfolio.aspxThu, 19 Aug 2010 10:58:33 GMTBP Pensioenfonds, the EUR82 million Belgian corporate defined benefit scheme, has increased its equity allocation to 55% from 45%, while reducing fixed income by 10% to 45%. http://globalmoneymanagement.com/Article/2653805/Oil-Scheme-Boost-European-Equity.aspxThu, 19 Aug 2010 10:45:09 GMTCaisse de Prévoyance du Personnel des Etablissements Publics Médicaux du Canton de Genève (CEH), the CHF2.6 billion defined benefit scheme, will merge with the Caisse de Prévoyance du Personnel Enseignant de L’Instruction Publique et des Fonctionnaires (CIA) within the next two years.http://globalmoneymanagement.com/Article/2652119/Doctors-To-Join-Teachers-Fund.aspxMon, 16 Aug 2010 18:36:06 GMTThe GBP440 million Dumfries & Galloway Council Pension Fund will conduct an informal review with investment consultant Hymans Robertson toward the end of this year.http://globalmoneymanagement.com/Article/2652118/Scottish-Council-Plans-Informal-Review.aspxMon, 16 Aug 2010 18:34:11 GMTThe GBP108 million Palmer and Harvey Staff Superannuation Fund has a full valuation planned for next March, assisted by new actuary and consultant Barnett Waddingham & Co. http://globalmoneymanagement.com/Article/2652115/Wholesaler-Plans-Valuation.aspxMon, 16 Aug 2010 18:31:39 GMTSkandia Investment Group expects equities to outperform other asset classes in the coming months as fears of a sovereign bank crisis fade, according to the group’s latest Monthly Asset Allocation Report.http://globalmoneymanagement.com/Article/2651562/Skandia-Equities-To-Outperform-In-Coming-Months.aspxFri, 13 Aug 2010 20:43:08 GMTPensionskasse Jungfraubahn Holding, the CHF200 million (GBP120 million) corporate defined contribution scheme, has doubled its allocation to real estate to 20%. http://globalmoneymanagement.com/Article/2650404/Railway-Scheme-Doubles-RE-Allocation.aspxThu, 12 Aug 2010 10:36:29 GMTThe GBP1.92 billion Social Housing Pension Scheme (SHPS) has significantly reduced its deficit to GBP619 million and increased the number of members to over 60,000.http://globalmoneymanagement.com/Article/2649467/Social-Housing-Scheme-Cuts-Deficit.aspxWed, 11 Aug 2010 09:54:10 GMTVolkswagenstiftung, the EUR2.7 billion German foundation, plans to terminate its hedge funds mandate because it did not meet expectations. http://globalmoneymanagement.com/Article/2649464/Car-Foundation-To-Drop-Hedge-Funds.aspxWed, 11 Aug 2010 09:51:24 GMTConzzeta Holding, the CHF370 million (GBP222 million) corporate defined contribution scheme, plans to increase its allocation to emerging markets from 2% up to a maximum of 8% once its ongoing asset/liability matching study is completed, probably in September. http://globalmoneymanagement.com/Article/2648787/Swiss-Group-Favours-Emerging-Markets.aspxTue, 10 Aug 2010 13:10:24 GMTThe GBP113 million Strathclyde Number 3 Fund, managed by the Strathclyde Pension Fund on behalf of First Bus staff, will decide whether to make more liability-driven investments by the end of the year. http://globalmoneymanagement.com/Article/2648785/Bus-Fund-Considers-LDI-Drive.aspxTue, 10 Aug 2010 13:07:17 GMTConlon & Sons Opticians Ltd Pension & Life Assurance Scheme, the GBP3.5 million corporate defined benefit scheme, has invested in one property fund and is considering raising its allocation to the asset class. http://globalmoneymanagement.com/Article/2648778/Optical-Scheme-Eyes-Property-Funds.aspxTue, 10 Aug 2010 13:04:56 GMTStapi Pension Fund, the EUR800 million public defined benefit scheme, recently cut cash investments down from 15% to 7% to invest in other assets in order to further diversify its portfolio.http://globalmoneymanagement.com/Article/2647808/Icelandic-Fund-Cuts-Cash-To-Diversify.aspxMon, 09 Aug 2010 11:16:34 GMTStichting Pensioenfonds Aon Groep Nederland, the EUR375 million corporate defined benefit scheme, has made recent changes to its asset allocation following an asset/liability matching study conducted last year.http://globalmoneymanagement.com/Article/2646725/Financial-Group-Makes-Asset-Shift.aspxFri, 06 Aug 2010 10:30:41 GMTStichting Contractspelersfonds KNVB (CFK), the EUR650 million scheme for Dutch footballers, has changed its investment strategy to include an absolute return approach. http://globalmoneymanagement.com/Article/2645374/Footballers-Kick-Off-With-Absolute-Return.aspxThu, 05 Aug 2010 02:23:25 GMTThe GBP400 million Northern Rock Defined Benefit Pension Scheme has scrapped plans to invest in equity or alternatives, seeing adequate risk and return in its existing bonds allocation.http://globalmoneymanagement.com/Article/2645373/Bank-Decides-Against-EquityAlts-Investment.aspxThu, 05 Aug 2010 02:22:12 GMTThe EUR476 million defined benefit scheme Stichting Pensioenfonds Koninklijke Cosun, will conclude an asset/liability matching study in September.http://globalmoneymanagement.com/Article/2644088/Dutch-Fund-To-Conclude-ALM-In-September.aspxTue, 03 Aug 2010 17:52:54 GMTSpoorwegpensioenfonds, a EUR13.5 billion (GBP11.16 billion) multi-employer defined contribution scheme, has increased investment in emerging markets to around 25% from 20%. http://globalmoneymanagement.com/Article/2643120/Transport-Fund-Boosts-EM-Investment.aspxMon, 02 Aug 2010 18:07:46 GMTSuomen Pankki Pension Fund, a EUR500 million defined benefit scheme, has decided not to make any changes to its asset allocation in the wake of a recently concluded asset/liability matching study. http://globalmoneymanagement.com/Article/2643118/Finnish-Bank-Holds-Asset-Mix.aspxMon, 02 Aug 2010 18:05:31 GMTRMB Asset Management, the South African multi-manager with ZAR150 billion in assets under management, is planning to reduce its stake in domestic equities in favour of international holdings. http://globalmoneymanagement.com/Article/2642549/South-African-Multi-Manager-To-Cut-Domestic-Equity.aspxMon, 02 Aug 2010 03:46:37 GMTThe GBP45 million University Of Dundee Pension Scheme is currently undergoing a review process, with decisions on investment strategy expected in six months.http://globalmoneymanagement.com/Article/2642546/Scottish-University-Undergoes-Review.aspxMon, 02 Aug 2010 03:43:37 GMTSwiss Re, the CHF2.8 billion (GBP1.7 billion) corporate defined benefit scheme, has decided to wait until next year before making any change to its asset allocation. http://globalmoneymanagement.com/Article/2642545/Real-Estate-Scheme-Sticks-To-Winning-Strategy.aspxMon, 02 Aug 2010 03:42:46 GMTS:t Erik Livforsakring AB, a SEK1.8 billion (GBP159 million) insurer, has reduced its equity portfolio by 5%. http://globalmoneymanagement.com/Article/2642544/Swedish-Insurer-Reduces-Equity.aspxMon, 02 Aug 2010 03:41:48 GMTPhonak Holding Pensionskasse, the CHF168 million (GBP102 million) corporate defined contribution scheme, has divested from its hedge fund investments, which were worth 10% of its total assets. http://globalmoneymanagement.com/Article/2641415/Medical-Scheme-Axes-Hedge-Funds.aspxFri, 30 Jul 2010 01:21:18 GMTThe GBP70 million Citizens Advice Bureau Pension Scheme has appointed BNY Mellon Asset Management to join incumbent Baring Asset Management in a new real return investment strategy.http://globalmoneymanagement.com/Article/2641414/Public-Service-Scheme-Favours-Real-Return.aspxFri, 30 Jul 2010 01:20:17 GMTThe U.K. Procter & Gamble Pension Fund has terminated two external managers for its property investments, ING Real Estate and RREEF. http://globalmoneymanagement.com/Article/2641413/Consumer-Goods-Scheme-Ditches-Property-Managers.aspxFri, 30 Jul 2010 01:19:08 GMTThe GBP14.5 million United Services Trustee Combined Charitable Capital Fund has upped its investments in absolute return, gold and emerging markets.http://globalmoneymanagement.com/Article/2641411/Charity-Ups-Absolute-Return-Alts.aspxFri, 30 Jul 2010 01:16:32 GMTZuger Kantonalbank’s pension fund is looking to increase its exposure to real estate and invest in more equity if markets allow it. http://globalmoneymanagement.com/Article/2640457/Bankers-Eye-Property-Increase.aspxThu, 29 Jul 2010 08:26:39 GMTPersonalvorsorgestiftung der Telekurs Holding, the CHF1 billion (GBP608 million) corporate defined contribution scheme, has reduced its exposure to equity in order to invest more in fixed income.http://globalmoneymanagement.com/Article/2640452/Infrastructure-Scheme-Picks-Bonds-Over-Equity.aspxThu, 29 Jul 2010 08:23:54 GMTThe GBP200 million Field Group Pension Scheme has cut its U.K. equity stake and switched its global equity portfolio style to active from passive in an attempt to diversify its portfolio and improve performance.http://globalmoneymanagement.com/Article/2640450/Packaging-Manufacturer-Mixes-Up-Equity-Stake.aspxThu, 29 Jul 2010 08:22:50 GMTThe GBP200 million Forth Ports Group Pension Scheme may cut its majority equity holding following its actuarial valuation and strategic review, scheduled for next April. The http://globalmoneymanagement.com/Article/2639564/Port-Scheme-Considers-Equity-Reduction.aspxWed, 28 Jul 2010 08:46:57 GMTThe GBP28 million Church & Co. Footwear Ltd. Staff and Works Pension Fund has placed sole investment manager P-Solve Asset Solutions on watch after the head of client services for implemented solutions left to join a rival firm.http://globalmoneymanagement.com/Article/2639558/P-Solve-On-Watch-After-Internal-Restructuring.aspxWed, 28 Jul 2010 00:00:00 GMTThe GBP660 million London Borough of Lewisham Pension Fund’s new investment committee may reconsider its switch to a boutique-style strategy.http://globalmoneymanagement.com/Article/2637593/London-Borough-Reviews-Specialist-Approach.aspxMon, 26 Jul 2010 10:33:27 GMTPensionskasse ZAF, the CHF160 million (GBP100 million) corporate defined contribution scheme, has increased its private equity allocation.http://globalmoneymanagement.com/Article/2637590/Sugar-Company-Sweetens-Up-To-PE.aspxMon, 26 Jul 2010 10:31:21 GMTPensionskasse der Gemeinde Thalwil, the CHF93 million (GBP58 million) public defined contribution scheme, has recently reduced its allocation to international bonds in order to invest in hedged international fixed income.http://globalmoneymanagement.com/Article/2637589/Wary-Swiss-Fund-Hedges-Intl-Bonds.aspxMon, 26 Jul 2010 10:30:31 GMTKBC Pensioenfonds, the EUR1 billion Belgian corporate defined benefit scheme, has recently made a maiden investment in European social infrastructure, doubling its total allocation to infrastructure to EUR20 million. http://globalmoneymanagement.com/Article/2636623/Bank-Invests-In-Social-Infrastructure.aspxFri, 23 Jul 2010 08:24:05 GMTCaisse Paritaire de Prevoyance de l’Industrie et de la Construction (CPPIC), the CHF677 million (GBP424 million) Swiss public defined benefit scheme, has increased its real estate allocation to 35% from 30%. http://globalmoneymanagement.com/Article/2635558/Construction-Fund-Takes-Shelter-In-Real-Estate.aspxThu, 22 Jul 2010 03:20:35 GMTThe EUR24.1 billion National Pensions Reserve Fund (NPRF) has amended its strategic asset allocation to put more emphasis on long-term growth through diversification to new asset classes and a reduction to equity.http://globalmoneymanagement.com/Article/2635557/Irish-Reserve-Fund-Alters-Asset-Allocation.aspxThu, 22 Jul 2010 03:19:23 GMTThe GBP52.7 million Trades Union Congress Superannuation Scheme has moved funds to fixed interest using sole investment manager Standard Life Investments’ liability-managed credit fund.http://globalmoneymanagement.com/Article/2635556/Trade-Union-Super-Favours-Long-Term-Bonds.aspxThu, 22 Jul 2010 03:17:41 GMTThe GBP13.5 million Northern Ireland Assembly Pension Scheme has slightly raised its exposure to bonds over the last six months and will continue to do so in the coming months.http://globalmoneymanagement.com/Article/2634719/Irish-Gov-Increases-Bonds-Exposure.aspxWed, 21 Jul 2010 07:38:04 GMTThe GBP1.4 billion Greater Gwent (Torfaen) Borough Council Pension Fund has raised its strategic asset allocation to alternatives to 4% on top of a 2% allocation to U.K. property via property unit trusts (PUT). http://globalmoneymanagement.com/Article/2633747/Welsh-Council-Raises-Alts-Investment.aspxTue, 20 Jul 2010 08:37:54 GMTThe GBP1.5 billion pension scheme for East Sussex County Council, has finalised contracts with five new external fund managers as it puts in place a new investment strategy. http://globalmoneymanagement.com/Article/2632956/UK-Council-Hires-Quintet-For-New-Strategy.aspxMon, 19 Jul 2010 11:04:38 GMTGeorg Fischer Pensionskasse, the CHF640 million (GBP398 million) corporate defined contribution scheme, will appoint a passive multi-asset manager in the autumn. http://globalmoneymanagement.com/Article/2631888/Piping-Scheme-To-Hire-Passive-Manager.aspxFri, 16 Jul 2010 04:12:40 GMT