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Pension fund managers push Oracle on several shareholder issues
truePGGM NV and RPMI Railpen called on Oracle Corp. to implement proxy access, adopt an executive compensation structure shareholders can support and develop a policy to allow shareholders to communicate directly with the board.
Pension fund performance up on strong markets
trueAnother strong year for equity markets, coupled with the year's comeback in bonds, propelled the investment returns for pension funds in seven major markets in 2014.
Ruble, Ruble, Oil and Trouble
trueIt's natural to wonder if, like the three witches in Macbeth, the year's events are harbingers for additional strife and trouble. However, if one were to heed the negative headlines and "pack it in" for 2015, one is likely to miss the opportunities that currently present themselves as fear ...
Managers surprised by scope of ECB's bond-buying program
trueThe European Central Bank announced it will begin €60 billion ($69.4 billion) of public and private debt purchases per month as part of a quantitative easing strategy, in what money managers said was a surprise move in terms of size and one that is expected to further weaken the euro and spark ...
CERN Pension Fund taps interim CEO as former head joins Lombard Odier
trueThierry Lagrange was appointed interim CEO at the European Organization for Nuclear Research Pension Fund, Geneva.
Casualties from Swiss franc shock spread
trueShares in the largest U.S. retail foreign-exchange brokerage slumped in pre-market trading and their opening was delayed in New York as upheaval caused by a surge in the Swiss franc rippled from New Zealand to the U.S.
Swiss central bank scraps minimum linkup with euro
trueThe Swiss National Bank, the central bank for Switzerland, abandoned its minimum exchange rate vs. the euro due to a weakened value against the dollar as a result of increased monetary policy divergence.
Denmark's PFA Pension names new CEO
trueAllan Polack was appointed CEO of Danish pensions provider PFA Pension.
IACPM: Credit default concerns improve, but overall view still pessimistic
trueCredit portfolio managers remain pessimistic on credit defaults over the next 12 months, but they are mixed about credit spreads over the next three months, said a quarterly survey from the International Association of Credit Portfolio Managers.
Aon Hewitt selected to create pan-European DC plan for researchers
trueThe European Commission, Brussels, hired Aon Hewitt to set up the Retirement Savings Vehicle for European Research Institutions.
ING Investment Management adds managing director for business development
trueBart Oldenkamp was named managing director, strategic business development at ING Investment Management.
AXA Investment Managers wants to grow U.S. AUM
trueAXA Investment Managers is making a concerted effort to expand its U.S. presence.
Falling oil prices worry institutional investors
truePension fund executives, money managers and consultants are keeping a close eye on the potential downward pressure on financial markets and institutional portfolios due to recent sharp falls in the oil price.
Dutch pension fund giant PFZW eliminates hedge fund portfolio
trueDutch pension fund Pensioenfonds Zorg en Welzijn eliminated its $5 billion hedge fund portfolio over the past year.
J.P. Morgan Asset Management hires in-house for CEO of EMEA investment management
trueMichael O'Brien was appointed CEO for Europe, the Middle East and Africa in J.P. Morgan Asset Management's global investment management business, a spokeswoman said.