Bank Degroof Pension Fund has dropped its plan to increase its equity and real estate allocation.
Cargill Belgium Pensioenfonds is likely to change its asset allocation after conducting its triennial asset/liability matching study planned for the end of the year or January.
The GBP600 million Audit Commission Pension Scheme has invested 90% of assets in diversified growth funds with five different investment managers.
Henderson Global Investors has been selected to run a mandate for Skandia Investment Group’s U.K. Strategic Best Ideas Fund.
There have been several new manager appointments and departures at the GBP500 million Mirror Group Pension Scheme, although Financial Controller Eric Keetch was tight-lipped about the details.
The U.K.-based pension schemes attached to the medical Swedish company Getinge Group have appointed Hewitt Associates as their fiduciary investment consultant.
Arcelor-Mittal Pension Insurance fund may make a maiden investment in indirect real estate, either next year or in 2012.
Groep 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.
MetallRente Pensionfonds, the multi-employer scheme for the German metal industry, has decided to invest only in shares of companies that fit socially responsible investment criteria.
The GBP73 million Millennium Inorganic Chemicals Pension Scheme has hired BlackRock and Schroder Investment Management for a maiden move into alternatives.
The pension fund of HeidelbergCement has selected seven external fund managers. Two will handle a corporate bonds mandate, while five hold alternatives briefs.
The GBP40 million Scottish Midland Co-operative Society Employees Superannuation Fund is considering investing in the Global Absolute Return Strategy (GARS) provided by its sole investment manager Standard Life Investments.
OrbiMed Capital has been hired by Skandia Investment Group to manage the Skandia Healthcare Fund.
The investment committee of Personalvorsorgestiftung der Rivella AG, a CHF52 million (GBP31.38 million) corporate defined contribution scheme, will meet next month to discuss changes to its investment strategy.
European real estate high returns are leading Generali Pensionskasse AG to increase its exposure to the asset class.
Three asset managers have been terminated by manager of managers Spängler Fonds KAG.
Nestlé Pensionskasse will conduct an asset/liability matching study next year with the help of Nestlé Capital Advisers.
The 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).
The GBP1.58 billion Shipbuilding Industries Pension Scheme has completed its valuation and the results are due to be discussed at the next trustee meeting on Sept. 22.
The British Airways Pension Fund has made a change to previous strategy and invested in City of London office property.
Malaysian Reinsurance Berhad has hired an independent investment consultant to conduct an asset/liability modelling study.
Threadneedle has lost a fixed-income mandate to Capital Four Management at Skandia Investment Group.
AEGON Asset Management has won a GBP300 million asset allocation overlay mandate with the Molins U.K. Pension Fund.
Mistra, the SEK2.9 billion (GBP263 million) Swedish foundation for strategic environmental research, has picked LGT Capital Partners as its new manager for a private equity mandate.
Union Bancaire Privée has won a mandate for international corporate bonds with Fondation de Prévoyance de British American Tobacco Switzerland SA (BAT).
The PB U.K. Group Pension Scheme has undergone an investment review, with decisions on future investment strategy expected at the next trustees meeting in November.
Personalvorsorge der Klinik Hirslanden AG, the CHF550 million (GBP338 million) corporate defined benefit scheme, has made a maiden investment in insurance-linked securities.
Unipension, the Danish administration service, has shortlisted four undisclosed managers for two European small-cap mandates.
IST Investmentstiftung für Personalvorsorge, the Swiss manager of managers specialised in staff provisions, has recently terminated a global equity mandate held by Bank Sarasin due to underperformance.
The AUD700 million (GBP422 million) Shell Australian Superannuation Fund is planning to conduct a full review of its strategic asset allocation once a triennial asset/liability modelling study is completed towards the end of the year.
The GBP650 million Motorola U.K. Pension Plan has terminated BankInvest’s GBP60 million global active equity mandate.
Medizinische Universität Innsbruck is looking to join an existing multi-employer defined contribution scheme that will provide pensions to the medical university’s employees that are not civil servants.
Pensionskasse der Philips, the CHF370 million (GBP222 million) corporate defined contribution scheme, plans to increase its allocation to Swiss direct real estate to 20% from 11%.
The GBP43 million Knight Frank Staff Pension Fund is discussing moves into diversified growth funds or alternatives, with decisions expected following the results of the asset/liability matching study in October.
The GBP20 million Thames & Hudson Pension Fund is set to sign off its actuarial valuation, conducted by actuary and consultant Mercer in October.
The GBP652 million Novartis U.K. Pension Scheme has replaced Goldman Sachs Asset Management with BlueCrest Capital Management for its active equity brief.
Assurinvest AG, a Swiss investment consultancy firm specialising in pension funds, will advise its clients to replace underperforming managers at the end of the year, particularly those handling international bonds.
Caterpillar Fonds de Prevoyance, the EUR55 million Belgian defined benefit scheme, plans to apply a more passive approach to real estate due to disappointing performance amid risk in the past two years.
Volkswagenstiftung, the EUR2.7 billion German foundation, plans to terminate its hedge funds mandate because it did not meet expectations.
A triennial asset/liability matching study will begin this week for the GBP70 million Leeds Building Society Staff Pension Scheme.
Sandviks Pensionsstiftelse, the SEK1.9 billion defined benefit scheme, has plans to increase real estate and alternatives, mainly private equity and venture capital, before the end of the year.
The Otto U.K. Pension Scheme is undergoing a risk reduction exercise, expected to be concluded within this financial year, which will likely consider investment in swaps.
The GBP288 million Midlands Co-Operative Society Employees’ Pension Scheme is set to make a new property investment with Threadneedle Investments next week, according to Pension Fund Manager Nigel Smith.
The GBP20 million Pochin’s & Associated Companies Retirement Benefit Plan will make decisions on plans to invest in liability-driven investments or alternatives at a meeting at the end of September.
The GBP2.5 billion Imperial Tobacco Pension Fund is in the early stages of its triennial actuarial valuation process, assisted by incumbent actuary Towers Watson.
AngloGold Pension Fund, the ZAR2 billion (GBP176 million) for the mining company in South Africa, is prepping to hire an additional international equity manager.
Stichting Pensioenfonds Koninklijke Vopak, the EUR600 million hybrid scheme, recently terminated an emerging markets bond mandate with INVESCO Asset Management.
Fine Tubes Ltd., the Plymouth-based manufacturer of precision metal tubing, has appointed BBS to manage its final salary scheme.
The Palmer and Harvey Staff Superannuation Fund has appointed Barnett Waddingham & Co. as its new actuary, administrator and consultant.
Two Dutch pension schemes are considering merging.
The Contributory Scheme, the Australian AUD1.5 billion (GBP904 million) fund administered by the Retirement Benefits Fund Board, is prepping changes to its international and domestic equity investments, including its long/short allocation.
Fondo Pensione Arco, the EUR250 million pension fund for Italian builders, has picked six managers for two of its balanced portfolios.
The GBP195 million Norwest Holst Pension Scheme is still considering further infrastructure investment, while fiduciary management talks have stalled.
Spoorwegpensioenfonds, a EUR13.5 billion (GBP11.16 billion) multi-employer defined contribution scheme, has increased investment in emerging markets to around 25% from 20%.
The GBP530 million Marley 1986 Pension Scheme has appointed Mercer to provide actuarial and consulting services.
Stichting Algemeen Pensioenfonds Provisum, a EUR1 billion defined contribution scheme, has made a maiden foray into commodities worth 5%, following a recently completed asset/liability modelling study.
Berolina Pensionskasse VVaG (Unilever Deutschland), the EUR1.2 billion German corporate defined benefit scheme, plans to invest in alternatives next year, most likely in hedge funds.
Pennon Group Pension Scheme, the GBP330 million hybrid scheme, plans to modify its manager roster this year.
RMB 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.