Mandate roundup: Pension fund seeks green bond strategies via IPE Quest

first_imgIPE Quest Discovery is a pre-RFP service allowing institutional asset owners to carry out a preliminary search for managers and/or research an asset class they are considering for the first time.The IPE news team is unable to answer any further questions about IPE Quest, Discovery, or Innovation tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email [email protected] lands €1.7bn bond mandate from IrcantecIrcantec, the €10.9bn French public pension scheme, has awarded a €1.7bn bond mandate to AXA Investment Managers. It will manage a dedicated fund for inflation-linked bonds issued by OECD members.Ircantec – France’s mandatory scheme for non-tenured state, hospital, local authority and other public sector employees – had around €1.6bn invested in inflation-linked sovereign bonds via Natixis Asset Managers and BNP Paribas Asset Managers as at 31 December, according to its latest annual report.UK nuclear plan seeks ‘bundled’ provider The UK’s multi-employer pension plan for the civil nuclear decommissioning sector is looking for a “bundled” provider for the defined contribution (DC) sections of the £2.4bn (€2.8bn) plan, covering administration and investment.The Combined Nuclear Pension Plan has nine DC sections, which are currently administered by Aon Hewitt. As at the end of March 2017 it counted some 5,800 members, compared with around 15,000 members for the defined benefit sections.Aviva to run broadcaster schemeThe BBC has appointed Aviva to operate its DC scheme. The arrangement, known as Life Plan, is predominantly for staff who joined the broadcaster after 1 December 2010.As the pension plan provider, Aviva will select and manage a range of funds and provide a portal for BBC employees to choose and manage their pension savings.According to the tender documents, Aviva will earn fees of £2m-£7m over the seven-year period of the agreement.Six other providers tendered for the contract. A European pension fund is seeking green bond strategy ideas from managers via IPE Quest’s Discovery service.According to search DS-2463, the pension fund is interested in investing globally via an actively managed segregated mandate. The estimated size of the allocation is €150m.It has specified that it is looking for hard-currency investment grade green bonds.The deadline for interested parties to submit strategies is 9 August.last_img read more

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‘One of those weeks’: Woods doing well except with putter

first_imgTiger Woods reacts to his shot on the fourth hole during the third round of the Northern Trust golf tournament, Saturday, Aug. 25, 2018, in Paramus, N.J. (AP Photo/Mel Evans)PARAMUS, N.J. — Tiger Woods has shown he can put together a series of sub-par rounds.Contending in consecutive tournaments has been more difficult.ADVERTISEMENT Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Woods missed six birdie putts from about 12 feet or closer. He has hit nine out of 14 fairways all three rounds, and he rarely was out of position when he did miss the greens in the third round. He’s just not seeing many putts go in, mainly because he says he can’t get the right line with the right speed.On a few occasions, he’s asked caddie Joe LaCava to help read the putts. It hasn’t mattered.“I’m just not seeing the lines this week,” Woods said. “Just the way it goes. I’ve called Joey in a few times this week. ‘Joey, I see three different breaks here.’ He said, ‘Yeah, so do I.’ I’m hitting in these spots where I’ve had double-breakers, if not triple-breakers, and I’m just not seeing or feeling correctly through those areas.”Such is golf. Woods chalked it up on more than one occasion to “one of those weeks.”But it extends a peculiar pattern this year of looking as though he were on the verge of winning, and then taking a step back.ADVERTISEMENT LATEST STORIES Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college View comments Palace OKs total deployment ban on Kuwait OFWs Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew He had two straight weeks at the end of the Florida swing where he got within one shot of the lead on the back nine, and then he showed up at the Masters and finished in the middle of the pack. Woods showed plenty of momentum at The Players Championship (65-69 weekend) and the Memorial (67-68 in the middle two rounds), and then he missed the cut at the U.S. Open.One week after he briefly had the lead in the final round at the British Open, he tied for 31st at Firestone on a course where he has won eight times. He was runner-up at the PGA Championship in his most recent start, and now is playing for little more than pride or FedEx Cup points.His 68 at least allowed him to sleep in a little more on Sunday for the final round, though Woods all but conceded he was out of it. His hope was to finish at 10 under, which would mean a 64 in the final round. That would at least give him some good vibes going to the TPC Boston, where he won 12 years ago.“I think that would be a nice way to end the week,” he said. “It’s not going to win, but at least I can get some good momentum going into Boston.”He started the FedEx Cup playoffs at No. 20, and with only 30 players advancing to the Tour Championship, he still has some work left.Sports Related Videospowered by AdSparcRead Next Gov’t in no rush to rescue animals in Taal ‘High crimes and misdemeanors’: Trump impeachment trial begins Will you be the first P16 Billion Powerball jackpot winner from the Philippines? Don’t miss out on the latest news and information. Woods took small consolation Saturday after his first bogey-free round of the year, mainly because he managed only three birdies at The Northern Trust on a soft Ridgewood Country Club that is yielding plenty of them.He made a 6-foot birdie putt on his last hole — no sure thing the way his week has been going — for a 3-under 68. That gives him seven birdies for 54 holes. Bryson DeChambeau made nine birdies on Saturday alone in his round of 63 to lead by four shots, 13 shots ahead of Woods.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSTim Cone still willing to coach Gilas but admits decision won’t be ‘simple yes or no’“That’s not going to get it done,” Woods said. “As soft as it is, these guys are making a boat load of birdies. And I just haven’t made any.”It wasn’t a lack of chances. DepEd’s Taal challenge: 30K students displaced Judy Ann’s 1st project for 2020 is giving her a ‘stomachache’ John McCain mourned by Arizona sports community MOST READ Peza offers relief to ecozone firmslast_img read more

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