FINLAND - The €5.3bn (US$6.8bn) Finnish insurer Etera has reduced the share of its equity investments amid market turmoil, MandateWire reports.
The company's exposure to the asset class has now dropped from around 40% to 26%, with fixed income being the main beneficiary of the shift. However, Etera has recently acquired a 20% stake in the Finnish...
NORDICS - Nordic investors are continuing to show optimism in hedge funds with nearly a third planning to increase their exposure this year to strategies like global macro, event driven and long/short funds, a new report shows.
EUROPE - European leaders are winning over investors as they try to keep the single-currency bloc intact, raising the appeal of the region's so-called rescue bonds, said Timo Loeyttyniemi, the head of Finland's state pension fund.
FINLAND - Valtion Elåkerahasto (VER), Finland's state pension fund, gained 5.3% during the first quarter on the back of its equity investment performance.
FINLAND - Neste Oil will transfer is supplementary pension plans to insurer OP Life Assurance, the firm said today.
FINLAND - European pension funds scooped up nearly a fifth of Finland's recent €3bn (US$4.4bn) bond issuance, the State Treasury said.