AUSTRIA - UK-based F&C Asset Management has submitted a potential takeover bid for Austrian asset manager C-QUADRAT Investment.
AUSTRIA - The €2.5bn (US$3.8bn) APK Pensionskasse is about to plunge into a first hedge fund allocation with undisclosed new managers, following its increase to international property allocation two months ago, MandateWire has reported.
AUSTRIA - F&C Investments has introduced a total of 16 mutual funds investing across different asset classes into the Austrian market.
AUSTRIA - The new Austrian coalition government has extended the Hacklerregelung, a special retirement scheme for manual labourers, from 2008 to 2010 and will raise the retirement age for those eligible.
AUSTRIA - RREEF Infrastructure, as part of the Bonaventura Consortium, has agreed to design, build, finance and operate 51km of toll road in a deal with a total investment value of €945m.
AUSTRIA - The e2.2bn OePAG Pensionskassen will launch the life cycle investment model in 2007, giving members a choice between conservative or dynamic investment.
AUSTRIA - Spängler Fonds KAG, a subsidiary of Austria's oldest bank, Bankhaus Spängler, is hoping to lure traditionally risk averse Austrian investors to the US hybrid market with the launch of a new fund.
AUSTRIA - BVP Pensionskassen, the EUR985m Austrian multi-employer fund, is set to tender for new managers in the second quarter.
AUSTRIA - Austria's second largest pension fund may be lining up an asset liability study at the end of January that could see the tendering of around ATS3.8bn (EUR276.2m).
Austria is set to pass legislation allowing pension funds to invest directly in alternative investments in September.