ABP

Dutch pension experts ask whether trustees have shed too much responsibility, as Giovanni Legorano reports

Alison Swersky looks at the growing involvement of pension funds in the arena of microfinance

NETHERLANDS/CANADA - Stichting Pensioenfonds ABP (ABP) and Ontario Municipal Employees Retirement System (OMERS) have launched an investment programme which will allocate €200m (US$246m) in Dutch and Canadian start-up companies.

NETHERLANDS - Cavenagh Capital, set up last year by former Morgan Stanley and DBS Holdings Ltd. managers in Singapore, will start a new macro hedge fund in July after getting money from the biggest Dutch pension fund.

NETHERLANDS - ABP's coverage ratio dropped six basis points during the month of May to 96%, confirmed spokeswoman Jos Van Dyk.

Chairman of the Hedge Funds Standards Board Antonio Borges believes the EU's directive on alternative investment fund managers has come at a bad time, as David Walker reports

In recent years microfinance has steadily risen in significance. However, it is not on everyone's radar and questions remain about its sustainability, as Alison Swersky reports

NETHERLANDS - Stichting Pensioenfonds ABP has posted a record €220bn (US$278bn) in assets, but low interest rates are keeping the pension fund manager from hitting its target solvency level of 105%, ABP said.

GLOBAL - Only 11.8% of respondents to the Global Pensions 100 Panel said they have made or are considering making investments in microfinance vehicles. The results, come after the California State Teachers' Retirement System began last month a discussion...

NETHERLANDS/SOUTH AFRICA - APG, the investment arm of giant Dutch pension fund ABP, has committed US$250m to Pallinghurst, an investment company specialising in natural resources.