FINLAND - Two large pension insurance companies have become major investors in chemicals group, Kemira Oyj, after the state sold its shares in the firm.
When the state of Finland sold its 32.1% stake in Kemira Oyj, at a total sum of €655.6 million, the shares were quickly snapped up by Varma Mutual Pension Insurance Company which bought 8%, and Ilmarinen...
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.