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Deutsche Bank’s carefully engineered fund

You would expect one of the biggest names in global finance to have a sophisticated pension fund, and on that measure the €7-billion ($9.2-billion) contractual trust arrangement (CTA) for Deutsche Bank’s German employees does not disappoint in the slightest. It has carefully engineered a diversified bond-led liability-driven investment (LDI) strategy that is supported by a […]
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European distressed debt: investors divided by volatility

Last month hosted a thinktank with a group of influential Australian investors to discuss the opportunities in European distressed debt. Participants included the Australian Government’s $80 billion sovereign wealth Future Fund, the $68 billion QIC, and leading asset consultants, with guest speaker sir David Cooksey, former board member of the Bank of England, chairman […]
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Pipes over promises

The Canadian Pension Plan Investment Board (CPPIB) is shunning European sovereign bonds, with the $152.8-billion fund’s head of investment saying European infrastructure offers far more attractive risk/return opportunities. Mark Wiseman, CPPIB’s executive vice-president of investments, told delegates at last week’s Milken Institute Global Conference 2012 in Los Angeles that the fund had chosen not to […]
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Hermes downbeat on 2012 outlook

There isn’t a lot of Christmas cheer when it comes to economic forecasts at Hermes, with the fund manager’s chief economist Neil Williams predicting the current gloom besetting the world economy will not lift in 2012, and may even get worse.

Call for action on Euro crisis

A group of prominent academics from across the globe have called on governments to substantially reform the world’s banking system and have laid out a plan for dealing with the Euro crisis.
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European shocks strike Norway fund

The world’s second largest sovereign wealth fund, Norway’s Government Pension Fund Global, has experienced a material effect of the European sovereign debt challenges, a region where it holds more than half its equity holdings, and the BP oil spill.