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Amundi acquires asset management arm of Austrian bank Bawag PSK
trueAmundi has acquired Bawag PSK Invest, the asset management subsidiary of Austrian bank Bawag PSK, said Amundi spokeswoman Natacha Sharp.
Irving pension fund sues Tesco for fraud
trueTesco PLC and its directors misled investors about its financial health, according to a Texas pension fund that sued the U.K.’s biggest retailer just as it’s facing an onslaught from rival European companies.
Hawaii Employees OKs real estate, infrastructure commitments
trueHawaii Employees' Retirement System, Honolulu, approved $105 million total in real estate commitments and a $50 million infrastructure commitment, said Vijoy Chattergy, chief investment officer.
Amundi Smith Breeden going global after merger
trueAmundi Smith Breeden LLC has been in growth mode in the year since its creation from the acquisition by Paris-based Amundi of U.S. fixed-income specialist Smith Breeden Associates.
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.