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BlackRock to acquire real estate manager MGPA
BlackRock announced Tuesday an agreement to acquire MGPA, a London-based private equity real estate investment manager.
Gottex, Astmax to offer absolute-return strategies to Japanese institutional investors
Gottex Fund Management and Tokyo-based Astmax Asset Management announced Thursday an agreement to work together to provide institutional investors in Japan with absolute-return-focused investment strategies, including hedge funds and multiasset approaches.
UBS Global reports asset increase of 3.1% in quarter to $644 billion
UBS Global Asset Management reported 599 billion Swiss francs ($644 billion) in assets under management as of March 31, up 3.1% from the previous quarter and up 7.2% from the previous year.
NYSTRS chooses CVC for European buyouts
New York State Teachers' Retirement System, Albany committed up to €200 million ($260 million) to CVC Capital Partners VI subject to completion of due diligence.
Norway's Government Pension Fund Global grows by $37 billion in first quarter
Norway's Government Pension Fund Global, Oslo, gained 219 billion kroner ($37 billion) in the first quarter as stocks surged amid unprecedented stimulus from central banks to boost economic growth.
ABP settles with Goldman Sachs over residential mortgage-backed securities
Stichting Pensioenfonds ABP, Heerlen, Netherlands announced Friday it has settled claims against Goldman Sachs & Co. concerning residential mortgage-backed securities purchased from 2005 to 2007.
FRR issues calls for active European small-cap, French smidcap managers
Fonds de Reserve pour les Retraites, Paris, issued RFPs for managers to run a €500 million ($655 million) active European small-cap equities portfolio and a €300 million active French smidcap equities strategy.
Eastspring Investments announces distribution push in Europe, U.K.
Eastspring Investments, the Asia money management arm of Prudential PLC, established a business in Luxembourg to distribute the firm’s Asia-focused investment strategies to institutional and retail investors in the U.K. and Europe, according to an Eastspring news release Wednesday.
Solvency II directive has European DB plans seeing red
Opposition is intensifying against a European Commission proposal to apply to defined benefit funds Solvency II, a set of regulations originally targeting insurance companies, as the initiative moved a step closer to becoming reality.
U.K. chorus grows in outcry against European pension regulations
U.K. government authorities, industry organizations and consultants publicly criticized a European Commission proposal to subject pension funds to stricter regulations currently being applied to insurance companies.
ERAFP seeks managers for U.S., French equities
Etablissement de Retraite Additionnelle de la Fonction Publique, Paris, is searching for managers to run U.S. and French equity strategies.
PGGM taps J.P. Morgan Chase to be 3rd custodian
PGGM, the Dutch fiduciary manager with about €133 billion ($173 billion) in assets, appointed J.P. Morgan Chase as global custodian.
Dutch pension assets top €1 trillion in 2012
Dutch pension fund assets increased 15.4% in 2012 to surpass €1 trillion for the first time, according to data released by the Dutch central bank.
ERAFP looks to Amundi for multiasset investment
Etablissement de Retraite Additionnelle de la Fonction Publique, Paris, hired Amundi to run a multiasset fund-of-funds portfolio of up to €300 million ($385 million).
BlackRock picks new EMEA chief
David Blumer was named senior managing director and head of EMEA at BlackRock.