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Giovanni-Legorano
APG fires two traders
Global Pensions | 12 Mar 2010
NETHERLANDS – APG, the asset management arm of Dutch civil service pension fund ABP, has dismissed two investment professionals for violating the company’s code of conduct.
Dutch pension funds up 3% in Q4 2009
NETHERLANDS – Assets under management of Dutch pension funds increased by 3% during the fourth quarter of 2009 on the back of equity gains, data by the De Nederlandsche Bank (DNB) revealed.
EU hits back at Geithner on AIFM directive
EUROPE/US – The European Commission has hit back at a letter by US Treasury secretary Tim Geithner warning the implementation of the hedge funds directive could cause a transatlantic rift by discriminating against US firms.
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Chile’s SWFs up 6.9%
CHILE – Chile’s Pension Reserve Fund (PRF) and the Economic and Social Stabilization Fund (ESSF) have returned on average 6.9% since their creation in 2006 to December 2009, ministry of finance Andrés Velasco revealed.
Loglisci pleads guilty in New York CRF probe
US – Former chief investment officer at the office of the New York State comptroller David Loglisci has pleaded guilty in the on-going investigation of pay-to-play kickback schemes at the New York State Common Retirement Fund (CRF).
KIPCO tackles Middle East pensions
KUWAIT –Kuwait Projects Company (KIPCO) has teamed up with Munich Re to launch pensions company Taka'Ud Savings & Pensions, which will tackle the Middle Eastern and North African pension market.
ILPA criticises AIFM provisions on private equity
GLOBAL/EUROPE – The Institutional Limited Partners Association (ILPA) has criticised the Alternative Investment Fund Managers (AIFM) directive for reducing European Union institutional investors’ access to private equity investments.
SWFs total assets grow to $3.5trn
GLOBAL – Total assets under management by sovereign wealth funds (SWFs) grew to US$3.5trn over the past year in the wake of a recovery in global equities markets, a report by Preqin revealed.
Goldman sued again on bonuses
US – The International Brotherhood of Electrical Workers Local 98 pension fund (IBEW) has sued Goldman Sachs accusing the firm of excessive bonus payments.
Wilshire private equity CIO resigns
GLOBAL – Wilshire Private Markets – Wilshire Associates’ private equity manager – chief investment officer Jeff Ennis has resigned, while the firm has decided to postpone fundraising for its next fund.
Deficit position of DB schemes improves to £15.1bn
UK/GLOBAL - The aggregate funding position of the 7400 defined benefit funds monitored by the Pension Protection Fund improved to a deficit of £15.1bn (US$22.6bn) in February.
Switzerland rejects pension cuts in referendum
SWITZERLAND – The Swiss voted against a second pillar pension benefits cut introduced in 2008 in a national referendum held yesterday.
Argentina brings home $200m of frozen pension assets
ARGENTINA/US – Argentina has repatriated US$200m of public pension assets frozen in the US by a court order.
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EU hits back at Geithner on AIFM directive
ILPA criticises AIFM provisions on private equity
Goldman sued again on bonuses
Wilshire private equity CIO resigns
Schemes launch study to assess impact of climate change scenarios