Investment Management, Islamic Finance Correspondent
Cecilia's Feed
Feb 10, 2011

Spain’s cajas may struggle to find investors-poll

LONDON, Feb 10 (Reuters) – Spain’s ailing savings banks may
struggle to raise enough capital from private investors to meet
tough new rules, according to a Reuters poll of international
investors running more than $2 trillion in funds.

Eleven out of the 13 pension schemes, fund and wealth
managers surveyed expressed reservations about investing, with
uncertainty over bad debt, transparency and Spain’s economy
among their concerns.

Jan 27, 2011

State Street eyes Irish pensions after BIAM buy

LONDON, Jan 27 (Reuters) – Money manager State Street Global
Advisors (SSgA) is chasing a slice of the 80 billion-euro ($110
billion) Irish pensions business to win mandates from retirement
schemes forced to change their strategies to curb swelling
deficits, an executive said.

Gregory Ehret, head of Europe Middle East and Africa (EMEA)
at the investment arm of State Street (STT.N: Quote, Profile, Research, Stock Buzz), said the takeover
of Bank of Ireland’s (BKIR.I: Quote, Profile, Research, Stock Buzz) funds business had opened up a
potentially lucrative market, where trustees are eyeing emerging
markets to offset woeful returns from domestic investments.

Jan 26, 2011

University pension fund pushing into emerging markets

LONDON (Reuters) – Britain’s second-largest pension fund is putting more money into emerging markets and hedge funds, as it moves to dilute exposure to stocks that left it reeling in the financial crisis, its chief investor said.

The 31.6 billion pound Universities Superannuation Scheme USS.L is pouring an extra 320 million pounds into emerging market equities, while paring allocations to global equities from 62 percent to as low as 55 percent, Chief Investment Officer Roger Gray told Reuters.

Jan 26, 2011
via Funds Hub

UK universities eye and keep an eye on new hedge fund punts

Pension schemes are moving away from the usual equity/bond/real estate mix to put their eggs in as many baskets as possible. No wonder then that the USS — the 31.6 billion pounds UK universities pension fund — is putting an extra 1.5 percent of its assets, or about 474 million pounds, into hedge funds, as its CIO Roger Gray tells Reuters.

If you are rushing to the phone to pitch business with Mr Gray, however, STOP a minute fund manager: be prepared, the USS is not only eyeing alpha, it is going to ask a few questions about how alpha is distributed and how investors are protected.

Jan 25, 2011

University pension fund ups emerging markets

LONDON (Reuters) – The second-largest pension fund is putting more money into emerging markets and hedge funds, as it moves to dilute exposure to stocks that left it reeling in the financial crisis, its chief investor said. The 31.6 billion pound Universities Superannuation Scheme (USS) is pouring an extra 320 million pounds into emerging market equities, while paring allocations to global equities from 62 percent to as low as 55 percent, Chief Investment Officer Roger Gray told Reuters.

Exposure to emerging markets will rise to 7.5 percent from 6.5 percent and is likely to rise further still, he said.

Jan 20, 2011

Aberdeen clients dump fixed income, property

LONDON, Jan 20 (Reuters) – Aberdeen Asset Management (ADN.L: Quote, Profile, Research, Stock Buzz)
saw 800 million pounds in net outflows in its first quarter
after clients withdrew from some property and fixed income funds
as investors looked to boost exposure to equities.

The outflow hit the group’s shares, which were down 3.1
percent at 217.7 pence by 1234 GMT, lagging a 0.8 percent fall
in the FTSE 250 Index .FTMC.

Jan 18, 2011

Record CEO cautious as net inflows return in Q3

LONDON, Jan 18 (Reuters) – Currency manager Record Plc
(RECL.L: Quote, Profile, Research, Stock Buzz) has stopped bleeding client cash for the first time in
a year mainly due to positive market movements, which means a
full recovery is still some way off, its chief executive said on
Tuesday.
The firm has been losing clients steadily for the last year
on the back of poor performance.

Record saw inflows of $500 million into its segregated
Currency for Return business in the three months to Dec. 31 and
a further $200 million of inflows in its passive currency
hedging products, which investors buy to neutralise portfolios
against currency fluctuation risks.

    • About Cecilia

      "In my professional capacity I canvass fund managers, consultants and pension schemes on investments issues and write analytical pieces on investment trends. I also consult investors on M&A matters. My brief includes Islamic finance, especially sukuk issuance and Islam-compliant asset management themes. I joined Reuters News in September 2008 from Thomson Financial News, where I was European pension correspondent."
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