Watch breaking news videos and read news updates about Europe on pionline.com
BT loses battle at top EU court to block pension aid repayment
trueBT Group PLC, the U.K.'s former phone monopoly, and its pension fund lost their bid to overturn a European Union order forcing the repayment of as much as £16.6 million ($26.6 million) in exemptions from pension rules.
Danish pension funds now required to report hedge fund use
trueDenmark's Financial Supervisory Authority will require pension funds to submit quarterly reports on their alternative investments to track their use of hedge funds, exposure to private equity and infrastructure projects. The decision follows pension funds' failures to account adequately for risks ...
France's FRR seeks currency overlay manager
trueFonds de Reserve pour les Retraites, Paris, is looking for a currency overlay manager to run an undisclosed amount, said an announcement on the pension fund’s website.
AP2 to divest from coal, oil and gas companies
trueAP2, Gothenburg, Sweden, is to divest from coal and oil and gas production companies to reduce its financial risk in fossil-fuel-based energy, said a spokeswoman.
Florida SBA sells private equity stakes to Partners Group
trueFlorida State Board of Administration, Tallahassee, sold its stakes in eight limited partnerships in which it invested a combined €314.8 million ($401.5 million) in European private equity, John Kuczwanski, FSBA communications manager, said in an e-mailed response to questions.
EIOPA chairman calls for more governance, transparency
trueA simpler set of products from the pensions industry could lead to less stringent regulation, said Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority.
Germany's BVK favors buyout, hedge funds
trueGermany’s biggest public pension fund plans to invest more in private equity and hedge funds and reduce its bond holdings as low interest rates curb returns.
Geldof makes case at NAPF conference for new areas of pension fund investment
trueThe case for investing in new markets and asset classes is stronger than ever, given "ridiculous" bond yields, said Sir Bob Geldof, musician, business entrepreneur and political activist.
EIOPA renews consideration of solvency rules for pension funds
trueThe European Insurance and Occupational Pensions Authority has published a consultation paper on the potential for applying solvency rules to pension funds, in a move that has attracted concern from the U.K. pensions industry.
F&C hires head of European distribution
trueGeorg Kyd-Rebenburg was appointed head of European wholesale distribution at F&C Investments, said a spokeswoman.
EFAMA appoints head of new public policy department
trueGabriela Diezhandino joined the European Fund and Asset Management Association as head of the public policy department.
U.S. investors not buying European equity pitch
trueMoney managers, consultants and economists are growing increasingly positive on the case for European equities, citing relatively cheap valuations and further expected moves by the European Central Bank to boost the economy.
GARP managers hold firm on EAFE portfolios despite losses
trueSome global growth-at-a-reasonable price money managers are coping with client losses stemming from underperforming Europe, Australasia and Far East strategies.
Nikko Asset Management promotes 3
trueRoger Bridges, Andre Severino and John Vail were given expanded roles within Nikko Asset Management’s investment team.
BNP Paribas Investment Partners appoints head of pension fund segment
trueSusan Gostick joined BNP Paribas Investment Partners as head of the pension fund segment, a spokeswoman said.