Founding members named for European researchers’ long-awaited scheme

first_imgShe added that he “strongly encouraged” research organisations across Europe to join.RESAVER, or the Retirement Savings Vehicle for European Research Institutions, will allow the cross-border pooling of pension plans, the continuation of accumulation at job change, “lower overhead costs through economies of scale” and a “pan-European risk pooling”.In mid-September, the European Commission issued a statement noting it had lined up funding under Horizon 2020 to sponsor the set-up of the IORP, the insurance scheme and administration, including the selection of providers, and that the fund should become operational in early 2015. RESAVER, the long-planned pension fund for academic researchers who work across the European Union – is to be launched next year. The following institutions have joined forces to set up the initial scheme: the Central European University Budapest; the Central European Research Infrastructure Consortium (CERIC-ERIC); Elettra-Sincrotrone Trieste; Fondazione Edmund Mach; Istituto Italiano di Tecnologia; Technical University of Vienna; and the Association of Universities in the Netherlands (VSNU)The not-for-profit association will be set up as a Belgium-based vehicle, to which the European Commission will award a four-year framework contract before the end of 2014.In a statement, European commissioner for Research, Innovation and Science Máire Geoghegan-Quinn said: “Pensions are a serious barrier to free movement, but today that barrier has begun to crumble.”last_img read more

Wednesday people roundup

first_imgEFG Asset Management – Birgir Stefánsson has been named senior fund analyst within the asset manager’s private equity department. He joins the firm’s London office from LSR Pension Fund, the Icelandic scheme for state employees and nurses. His new role will see him head up private equity research, reporting to global head of research Daniel Murray.BNP Paribas Securities Services – Corrine Vitte and Dario Rigert have joined the custodian’s operations in Zurich. Vitte has been appointed as head of sales for institutional investors and joins from RBC Investor & Treasury Services. Rigert comes from JP Morgan Investor Services and moves into a sales manager role for institutions. Both will report to head of BNPPSS in Switzerland, Garrick Smith, as the company expands its Swiss operations.PineBridge Investments – Tomi Lāngström has been appointed as head of distribution for the Nordic region. He joins from Northern Star Partners, a firm he founded and was chief executive. He was previously global head of business development at MAN Investments.BlueBay Asset Management – Jana Velebova has joined the asset manager in its emerging markets sovereign debt team. Velabova joins from Rogge Global Partners, where she started as partner in 2010. She has spent close to a decade managing active long-only and absolute return emerging market sovereign fixed income and currency portfolios.Tikehau Capital – Ben Rothberg and Christoph Steffan have joined the asset manager’s London office as credit analysts. Rothberg joins from Credit Industriel et Commerical, where he worked in the acquisition finance team. Steffan comes from Morgan Stanley, where he was in the credit lending space. Both will report to Rodolfo Caceres, head of credit research. EU Single Resolution Board, Aviva Investors, PGGM, EFG Asset Management, BNP Paribas, PineBridge, BlueBay, TikehauEU Single Resolution Board (SRB) – Timo Löyttyniemi and Joanne Kellermann have been nominated for the EU banking union board as vice-chair and member, respectively. Löyttyniemi is managing director at the Finnish State Pension Fund, VER. Kellerman was executive board member at De Nederlandsche Bank (DNB), the Dutch pensions supervisor, until recently. Both were put forward by the European Commission after a series of closed hearings. The European Parliament has yet to confirm the nominations. The board is based in Brussels and will be responsible for crisis management at banks under supervision of the ECB since the beginning of November. It is expected to be chaired by Elke König, of Germany, with other board members from Spain, France and Italy.Aviva Investors – Mark Connolly has been appointed as chief investment for fixed income and the UK asset manager. Connolly joins from Scottish Widows Investment Partnership (SWIP), where he was head of fixed income, before the asset manager was acquired by Aberdeen Asset Management. He will report directly to chief executive Euan Munro, who joined last year from Standard Life Investment (SLI). Connolly has more than 25 years’ experience in asset management, including stints at SLI and Deutsche Wealth and Asset Management. He replaces acting CIO, Jean-François Boulier, who continues to head up the manager’s French operations.PGGM – Frank Roeters van Lennep has been appointed head of infrastructure as of 1 January. He is to succeed Henk Huizing, who is to focus on commissionerships at PGGM-managed participations, after six years in the job. Van Lennep comes from consultant KPMG, where he has been partner at corporate finance for more than 14 years. Prior to this, he worked at the National Investment Bank and the Dutch regulator.last_img read more

PFZW demands ‘change in mentality’ over carbon emissions approach

first_img“What we want is a change of mentality in the industry, but this is not a goal in itself. It should lead to a more sustainable world. “In that way, we are agnostic about the way we measure emissions, but the plan should be workable and lead to a change in behaviour,” Van Oostveen said.“In infrastructure, there is a lot to do, and in real estate we have already been working with carbon emissions for years. We have a structure in which managers report to us, so this looks like the easier investment category.”Van Oostveen said he remained agnostic on implementing a carbon cap or target for carbon emissions, but that the industry should be capable of creating a workable standard.In September 2014, the pension fund’s fiduciary asset manager, PGGM, signed up to the Montreal Carbon Pledge, as PFZW set about achieving its new goals by 2020.It vowed to quadruple its sustainable investments via a series of direct investments in green energy, clean technology and sustainable climate-related solutions.It will also compare companies in each industry and sector, subsequently picking the best performer with regards to CO2 emissions, via data from Sustainalytics and MSCI.Click here to read Liam Kennedy’s interview with PFZW director Peter Borgdorff and Van Oosterveen in June’s How We Run Our Money The €178bn pension fund for the Dutch health and welfare sector, PFZW, has said it wants to bring about a change in mentality over the pension sector’s approach to carbon emission management.The second-largest Dutch scheme recently overhauled its investment management with a new set of 11 principles to govern its approach, including a halving its ‘negative sustainability footprint’ and a creating systematic integration of sustainability in its investment process.Speaking in the June issue of IPE, head of investments Jan Willem van Oostveen said PFZW’s €55bn listed equity portfolio, with a carbon footprint of 1.2m tonnes, was a good place to start.However, he conceded it was difficult  to assess in other asset classes, but that the fund needed to assess its carbon exposure across all investments, including within its €21bn credit portfolio and €36bn private market investments.last_img read more

Friday people roundup

first_imgHSBC Global Asset Management, BNY Mellon Investment Management, Ilmarinen, Financial Stability Board Task Force on Climate-related Financial Disclosures, Aviva Investors, Cushman & Wakefield, Axioma, S&P, Macquarie Infrastructure and Real Assets, DTZ InvestorsHSBC Global Asset Management – Adrian Gordon joins the asset manager in London as head of UK institutional, reporting to chief executive Andy Clark. He replaces Stuart White, who, after five years in the position, has moved internally to become head of strategy and a member of the leadership team and global executive management committee. Gordon joins from BNY Mellon Investment Management, where he led the institutional business. He has also held senior roles at OppenheimerFunds and Barclays Global Investors, before it became BlackRock.Ilmarinen – Mikko Helander has been elected chairman of the Finnish pension mutual’s board. The chief executive of local retailer Kesko succeeds Jussi Pesonen, who retired at the end of 2015. Lauri Lyly and Jyri Häkämies will continue as vice-chairs of the board, while Pekka Vauramo, chief executive of Finnair, and Minna Korkeaoja, chief financial officer of energy firm Pohjolan Voima join the board.Financial Stability Board – Christian Thimann, group head of strategy, sustainability and public affairs at AXA Group, has been appointed one of four vice chairs of the Task Force on Climate-related Financial Disclosures (TCFD). Other members of the 22-strong taskforce include: David Blood, senior partner, Generation Investment Management, Martin Skancke, chair of the Principles for Responsible Investment (PRI), Steve Waygood, chief responsible investment officer at Aviva Investors, Jane Ambachtsheer, global head of responsible investment at Mercer, and Deborah Winshel, manging director, global head of impact investing at BlackRock. The taskforce is chaired by Michael Bloomberg. Axioma – William Morokoff has been appointed vice president, head of research at the risk management and portfolio construction service provider. Based in New York, the senior quantitative researcher joins from Standard & Poor’s, where he led the global quantitative analytics and research group since 2006.  Before S&P, Morokoff worked with Moody’s KMV, most recently as acting head of research.Aviva Investors – Isabel Sheppard has joined as an asset manager on the central London real estate team, a new role. She joins from Cushman & Wakefield, and reports to Neil McLeod, head of the central London asset management team at Aviva Investors.Macquarie Infrastructure and Real Assets – Steven Sewell has been appointed executive director of real estate in London. Sewell was previously managing director and chief executive of Australian shopping centre specialist Federation Centres (Vicinity Centres). He has also worked for Macquarie in the past, as chief executive of Macquarie CountryWide Trust.DTZ Investors – Gregory Flash has been named senior investment manager in France. Flash, who founded Diverstone Real Estate, has also worked for Lloyds and Allen & Overy. DTZ Investors said Flash had previously managed a €600m pan-European property portfolio.last_img read more

​Wednesday people roundup

first_imgNN Investment Partners – Willem Schramade has been appointed as a senior portfolio manager for impact investing. He joins from Robeco, which he joined in 2007 as a global equity analyst. Before joining Robeco, he worked at PriceWaterhouseCoopers and General Electric.Sarasin & Partners – Jeremy Thomas has been appointed head of global equities. He joins from Allianz Global Investors, where he managed global and UK equity mandates for over 12 years. Before then, he was at ISIS Management (now part of F&C) and began his career at Schroders.Barings Real Estate Advisers – Göran Bengtsson has been named head of the Nordics. Based in Stockholm, he will be responsible for sourcing and executing deals, as well as overseeing all asset management activities within the region. He will also be responsible for opportunities to expand the business in the Danish and Norwegian markets. Bengtsson joins from Aberdeen Asset Management, where he was head of asset management for the Nordics for the past three years.Xafinity – Matthew Course has been appointed as a senior investment consultant. He began his career at Legal & General Investment Management as a client relationship manager before moving to Stamford Associates as an investment consultant and latterly at Lloyds Banking Group and Mercers, where he was a principal in the Implemented Investment Solutions Team. PKA, PFA, Candriam Investors Group, Lombard Odier Investment Managers, AlphaGen Capital, NN Investment Partners, Robeco, Sarasin & Partners, Allianz Global Investors, Barings Real Estate Advisers, Aberdeen Asset Management, XafinityPKA – The DKK250m (€33.6m) Danish labour-market pensions provider has hired a sales expert from the country’s largest commercial pension fund, PFA, to lead the new drive to win customers both individually and within corporate contracts. Søren Bang Palfelt, who has been responsible at PFA for sales and advice to companies, organisations and pension funds, will start his new job at PKA on 1 December.Candriam Investors Group – César Zeitouni has been appointed head of long short equity. From 2001, Zeitouni managed a long-only fund in the technology and telecom sectors at IT Asset Management. He then transferred to Exane AM in 2006, where he launched and co-managed a TNT equity market neutral fund and where, these past two years, he managed a long-short fund.Lombard Odier Investment Managers – The Volantis investment management team is to join the firm from AlphaGen Capital. The team manages more than $1bn (€908m) in assets in UK equity long/short and long-only strategies. The eight person team will join Lombard Odier IM’s existing 1798 hedge fund strategies platform, based in London.last_img read more

IPE Awards 2019: Open for entries

first_imgAnother notable winner was Sweden’s AP4. The national buffer fund won five trophies overall – one from each level: Gold, Silver, Bronze, Country/Regional and Themed.The IPE Awards reward excellence and innovation in Europe’s diverse pensions industry, creating a meaningful annual benchmark enabling pensions providers of all shapes and sizes to measure their investment and other areas of performance against their peers at national, regional and global levels, as well as against institutions of a similar size, remit and resource.In 2018, we received 459 entries across 42 categories, from pension funds worth a combined €2trn. These institutions represent over 90m pension fund members in 24 different countries across Europe.The judging roster features up to 100 industry experts and leading former pension fund executives who are selected for their expertise and knowledge in specialist areas.Entering the IPE Awards is completely confidential and free of charge, and is based on a streamlined but sophisticated online entry system.This year, the conference and awards dinner will take place at the Tivoli Congress Center in Copenhagen, Denmark.To enterIf you would like to enter or learn more, you can access the Awards online entry form atipe.com/entriesOr alternatively contact Robert Melia Watson at [email protected] . The IPE Awards are now open for entries.Launched in 2001, the event has grown to become the premier event of its kind and largest annual gathering of pension funds in Europe, with 44 prizes up for grabs.Commodities will make a return in 2019 to the roster to reflect the comeback of the asset class following a lull in popularity after the financial crisis a decade ago.Last year saw PensionDanmark secure the highly prized European Pension of the Year award for the second year running and fourth time overall, while chief executive Torben Möger Pedersen took the Outstanding Industry Contribution title for his tireless commitment to the evolution of Europe’s pensions sector.last_img read more

Two’s company, nine’s a crowd, but this house fits all

first_img >>>FOLLOW THE COURIER-MAIL REAL ESTATE TEAM ON FACEBOOK<<< The saltwater inground pool.“I am going to miss the privacy because you look out over the top of everyone; you can go for a skinny dip and no-one can see in.” The bar area looking toward the formal dining room and sunken lounge.“Everyone can have their own space; my rule was there was no blood allowed on the carpet.”While carpets have been replaced, it’s been due to normal wear and tear over nine years. The new kitchen and family room overlooks the l-shaped veranda.The blended family has also painted, added a new kitchen, four new bathrooms, and a front garden.center_img This seven-bedroom Mount Ommaney property is on a 1,784sq m block.“The house is so suited for teenagers, there’s a parents wing, then there’s two bedrooms adjoined in the middle by a shared bathroom and two bedrooms and a shared bathroom in another wing,” she said.More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 2019The Mount Ommaney house also has four separate living areas as well as a study, attic, workshop and a three-car garage. This Mount Ommaney house is being sold by Centenary Real Estate Jindalee with offers over $1.75 million invited.WHEN Rebecca Capel needed time out from raising nine teenagers, she’d sneak out to her private fernery on the other side of this ensuite.When her husband came home, she’d raise her arm above the wall so he knew where she was.last_img read more

Bring a date to Wynnum’s ‘ensuite without walls’ house auction

first_imgMore than 100,000 people from Australia to America, Europe and Africa weighed into the ensuite without walls debate after a picture of the newly renovated house at 18 Alverna Close, Wynnum was tweeted online. The six-bedroom house is on a 2045sq m block.“Auctions are so serious, we want to make it look relaxed and welcoming. It’s more a community event, rather than just coming to see the house. “We’re going to be there for an hour, an hour and a half, and people can bring their kids, have a drink, something to eat, and hopefully it will sell. We want to make it real.”But the champagne won’t be for everyone.“We’ll be offering non-alcoholic champagne to the bidders,” Mr Lordi said. “We don’t want any drunk buyers.” The hype has also translated into more work for owner and local builder Troy Williams, who fully renovated his Wynnum house over two years.“I didn’t expect it to go quite like this, it’s been the best journey,” Mr Williamson said.“A lot of people have recognised me in the streets: ‘You’re the guy with the bathroom’.” MORE REAL ESTATE STORIES Troy Williamson at his newly renovated house in Wynnum where the master bedroom has an ensuite with no walls. Picture: Annette Dew.A BRISBANE house is expected to be ‘flush with fans’ when it goes under the hammer tonight, after its ensuite without walls went viral on social media.What was originally meant to be a standard auction has since morphed in to a ‘community event’, with the property being opened up to potential buyers and groupies wanting to get a glimpse of what has become hilariously known as ‘Ablutions sans frontieres!’. House makes $170,000 in 15 minutes The renovated house at 18 Alverna Close, Wynnum, that is going to auction on Thursday night.The sale of the property has also attracted international attention and buyers from Brisbane and London are expected to register to bid at the auction which kicks off at 7pm tomorrow.“It’s become the talking point of the area,” said Joseph Lordi of Queensland Sotheby’s International, who is selling the house. The original picture that went viral on Twitter.And yes, there will be pizza, cheese platters and champagne before the auction but no, in this instance, the loo with a view (of everything) will be off limits. “Ablutions sans frontieres!” said @JFitz8144“There’s not enough spray in the world,” said @Khusuness from somewhere in Australia.“Strewth! Wouldn’t wanna see me after a kebab and a curry! Not a pretty sight,” said @deaned64 from Sydney.“Anyone with children knows that the walls and doors of the ensuite is the closest thing a parent has to a fully armoured panic room,” said @AnOldWombat in Queensland.More from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours ago Ensuites without walls. The owner of this Wynnum house knocked them down and he says it’s what couples want. What do you think? #housesforsale pic.twitter.com/2EylnZKHzp— Debra (@Debrabela81) June 14, 2019 A sale price 40 years in the making >>>FOLLOW THE COURIER-MAIL REAL ESTATE TEAM ON FACEBOOK<<<last_img read more

Retirement village’s new community hub a big selling point

first_img MORE QUEENSLAND REAL ESTATE NEWS Vacant waterfront block hits Gold Coast market for the first time in 40 years News presenter lists Gold Coast home The new Oakland Village retirement community is part of the wider Oakland Estate.A retirement village in Beaudesert is set to keep residents active and socially connected.The hub will feature a heated swimming pool, gym, snooker room, workshop and vegetable garden.The new Oakland Village retirement community is part of the wider Oakland Estate, which features a shopping centre and parklands within easy walking distance. The new Oakland Village retirement community under construction.Oakland Village will offer 147 freehold, two and three-bedroom villas with a choice of four floorplans, some including side access for a campervan, priced from $299,000.Developer James Robinson said while there had been strong inquiry from local buyers, downsizers from Brisbane and the Gold Coast were seeing the value in making the move to Beaudesert.“Oakland Village is Beaudesert’s first independent retirement living community, so it’s really filling a gap for people who want to downsize and move to a quieter area within easy reach of the city,” Mr Robinson said.“The big selling point for our buyers is the fact we will be building our community hub in the first stages of development, so residents will be able to enjoy these facilities as soon as they move in.More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours ago“Research has shown that remaining active and social has numerous health benefits for retirees, so we have carefully planned our community hub to offer amenities that will be of interest to people at all stages of life.“I know some men are reluctant to downsize because they don’t want to lose access to their workshop, so we have included a men’s shed to allow them to continue to work with tools while creating new friendships.“Likewise, the vegetable garden will give people a place to connect and reap the benefits of growing their own fresh produce in the community backyard.”Oakland Village is being developed in stages, with the first seven villas under construction.A future stage of the retirement village will include 120 beds in a high-care facility with staff on site.For more information visit oaklandestate.com.aulast_img read more

COVID-19 crisis not deterring buyers according to agent

first_imgVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:04Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:04 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenCameron Kusher Covid-19 update02:05A PROPERTY agent says enquiry is surging despite the COVID-19 crisis, as “people are finally finding the time to sit at the computer and look into a new home” Intrapac Property’s Rachael Ford is marketing Kingscoast, a 112 lot site at Cudgen. Aerial view of Kingscliff.There are only six home sites on the market with the rest already snapped up.And despite the current health climate, Ms Ford said enquiries remain consistent.“Some people are finally finding the time to sit at the computer and look into a new homenow that they can no longer work or need to stay at home with kids” Ms Ford said.“That would account for a number of the new enquiries”.Located on Crescent St off Tweed Coast Road, the boutique neighbourhood is a five-minute drive to the Kingscliff Post Office. MORE NEWS: Sanctuary Cove a safe haven for southern buyers Kingscliff resident Simone Tardent has bought two blocks at Kingscoast.More from news02:37International architect Desmond Brooks selling luxury beach villa8 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoKingscliff resident Simone Tardent has bought two blocks at Kingscoast – one to live inwith her husband and two children and the other as an investment. “It’s so close to Kingscliff,” Ms Tardent, who works as a new home advisor for Metricon, said.“And with the new Tweed Valley Hospital so close we think it’s a really great investment. “We haven’t been able to afford to buy in Kingscliff and some of the house and land packages at Kingscoast are actually cheaper than buying a Kingscliff townhouse”.Land at Kingscoast is priced from $399,000 to $479,000.Sizes range from 450sq m to 595 sq m.center_img Instagrammers, celebrities eye off prettiest Hampton houselast_img read more