FINLAND - The e7.5bn State Pension Fund put its 8.2% return for the first half of the year to rising equity markets, particularly in Asia and the Nordic countries and falling interest rates.
The return was almost double the 4.3% yield for the first half of 2004, and assets rose e0.6bn since the beginning of the year. Timo Lottyniemi, managing director, said: “The market environment with decreasing...
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.