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Comment: And the winners are...
Global Pensions | 08 Mar 2010
I’m writing this month’s piece on the eve of the Global Pensions Awards 2010. Tomorrow night’s events are the culmination of months of work, not only from the judges and pension funds who took the time to nominate their providers, but from the asset managers that helped manoeuvre their clients through an unpredictable 2009.
Managers predict rise of hybrid DB
GLOBAL – Despite closure after closure of defined benefit pension funds around the world, some investment managers think hybrid versions of these schemes will continue to emerge.
Dutch funds tap BNY Mellon for custody
NETHERLANDS – Two Dutch pension funds – Stichting Bedrijfstakpensioenfonds voor de Suikerverwerkende Industrie and Stichting Bedrijfspensioenfonds voor de Suikerwerk- & Chocoladeverwerkende Industrie – have hired BNY Mellon Asset Servicing as custodian for a combined €1bn (US$1.37bn) in assets.
OTHER BNY MELLON ARTICLES
Comment: Avoiding past mistakes
Ask any asset management expert how they will remember the past decade, and the answers will be unsurprisingly grim. I heard about the end of the defined benefit plan, the swift unwinding of retirement security and the “lost decade”.
A less risky endeavour
After a tumultuous decade in investment, Raquel Pichardo-Allison and Giovanni Legorano speak to industry experts about what the next 10 years hold for investment practices
Equity reduction leads to Insight SRI restructure
UK - Insight Investment has shifted its socially responsible investment function to individual fund management teams following its acquisition by BNY Mellon Asset Management last year.
Stock market rally adds $180bn to US pension funds
US - The recovery in equity markets last year helped to improve the funded status of US pension funds, adding an estimated US$180bn to balance sheets, according to a leading pensions’ consultancy.
PIMCO cuts UK and US government bond holdings
US/UK - PIMCO is reducing its holdings of UK and US government bonds because of fears over increased borrowing and the withdrawal of quantitative easing programmes.
PH&C hires BNY as custodian
NETHERLANDS – Pensioenfonds Horeca & Catering (PH&C) has hired BNY Mellon as custodian for its €2.8bn (US$4.1bn) portfolio.
US funding status continues upward climb
US – The funding status of US corporate pension plans rose to a six-month high in November, according to BNY Mellon Asset Management Statistics.
BNY Mellon completes Insight acquisition
UK/US – BNY Mellon Asset Management has completed the acquisition of Insight Investment Management from Lloyds Banking Group.
Back from the dead
Those pension funds most committed to securities lending felt the impact of the economic crisis more than most. Despite this many funds are now moving back to this sector, as Richard Lowe reports
Invensys scheme appoints BNY Mellon on derivatives services
UK – The Invensys Pension Scheme has appointed BNY Mellon to provide it with derivatives collateral management services.
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