BELGIUM - The e950m Amonis pension fund for doctors, dentists and pharmacists has made a maiden foray into hedge funds, appointing Key Asset Management to a $44m fund of hedge fund portfolio.
The mandate has a target return of three-month US Libor +5% with a maximum volatility of 7%. Koen De Ryck, managing director at Brussels-based Pragma Consulting acted as consultant for Amonis. Peter...
Karel Van Gutte has been named as secretary general of the Belgian Association of Pension Institutions (BAPI).
UK/BELGIUM - The Upper Tribunal expressed "serious reservations" about the amount The Pensions Regulator is chasing in its contribution notice against Michel Van De Wiele NV.
NETHERLANDS/BELGIUM - A group of Dutch and Belgian investors is planning to sue ABN Amro and KBC who acted as counterparties in trades with Lehman Brothers and Ernst & Young who audited the bank's accounts.
EUROPE - Multinationals are increasingly looking at creating cross-border pension funds for their employees, industry figures said.
BELGIUM - Pension funds lost an average of 15.5% over the year up to September, and shifted allocations from equities to bonds, research by Mercer reveals.