NETHERLANDS - The e4bn Dutch corporate pension fund, DSM, is planning to hire new equity managers and is also weighing a foray into hedge funds.
Fund officials said that the fund was investigating investments in hedge funds and had yet to work out exact details of investment.
“We may invest around 2% in hedge funds, using the fund-of-fund route. Once we decide on our investment strategy, we may appoint hedge fund managers.”
They added that the fund was looking at hedge funds, to broaden its investment universe and achieve absolute returns.
DSM has also dropped some of its equity managers from its manager roster and is now looking to hire new managers. Fund officials refused to divulge additional details.
Asset allocation stands at 40% bonds, 40% equities and 15% inflation-linked bonds. The fund has also 5% invested in absolute returns and any allocation to hedge funds would form part of this portfolio, officials added.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.