Recent Articles

 
  • Dutch bank scheme incurs loss on catastrophe bonds

    Dutch bank scheme incurs loss on catastrophe bonds

    The €26.5bn pension fund of Dutch bank ABN Amro gained 2% on its investment portfolio last year despite incurring losses from exposure to catastrophe bonds. The scheme’s return-seeking portfolio delivered a 7.6% return, outperforming its benchmark 0.2 percentage points, according to the scheme’s annual report. The allocation to catastrophe bonds was the only part of this portfolio to lose money […]

     
     
  • People moves: Blankfein to exit Goldmans; DWS expands insti team

    People moves: Blankfein to exit Goldmans; DWS expands insti team

    Goldman Sachs, DWS, Investec, PAAMCO Prisma, IFRS Foundation, FRC, Vanguard, SIMAG, Achmea, VanEck, , , Kas Bank Goldman Sachs – Lloyd Blankfein , chairman and chief executive officer at the investment banking giant, is to leave the company at the end of September after 12 years at the helm. David Solomon , currently president and co-chief operating officer, will take […]

     
     
  • ING scheme raises hedging to protect inflation-linked payments

    ING scheme raises hedging to protect inflation-linked payments

    The €27bn Pensioenfonds plans to raise its inflation hedge from 25% to 35% of its liabilities, in order to guarantee future indexation. In its annual report for 2017, it said its hedge level was 22.9% at year-end, and that the pace of the process to increase this would be dictated by market conditions. The closed scheme uses inflation-linked bonds from […]

     
     
  • Funding at top Dutch schemes improves, but worries about cuts remain

    Funding at top Dutch schemes improves, but worries about cuts remain

    The five largest pension funds in the Netherlands saw their coverage ratio improve by up to 2.9% during the second quarter. However, all five said their recoveries were slowing down, and most have warned that benefit cuts were still possible if funding did not increased to more than 104% by 2020. Quarterly figures, presented today, showed that only , the €58bn […]

     
     
  • Jane Ambachtsheer exits Mercer for BNP Paribas sustainability role

    Jane Ambachtsheer exits Mercer for BNP Paribas sustainability role

    BNP Paribas Asset Management has hired ’s Jane Ambachtsheer as its new global head of sustainability.  She will join the group on 27 August, BNP said in a statement this morning, and will be based in its Paris office. Ambachtsheer will oversee the company’s approach to sustainability for the €568bn worth of assets it manages and advises on, alongside deputy […]