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| When you have a single currency, then everything must be single |
12/12/2011 |
In order for the euro to remain the single currency for the countries belonging to the Eurozone, radical changes must be made to the European Union. It has been proven beyond any doubt that when you have a single currency, then everything must be single. If the European Union does not become “the United States of Europe”, if it does not adopt a single foreign policy, a single economic policy, a single monetary policy, then it is very difficult to keep the single currency and that is...
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| IPE Awards: Best Pension in a Small Country for a third year in a roll |
11/25/2011 |
We are delighted to announce that at the eleven annual IPE European Pension Fund Awards held in Brussels on November 17, the Hotel Employees Pension Fund won the IPE Country Award for Best Pension Fund from a Smaller European Country 2011. This is the third time this award for pension funds in European countries with populations of under 1m was presented.
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| Decrease on Equities Portfolio |
11/21/2011 |
The Management Board of the Fund has decided to decrease the Equity exposure of the Fund from 15% to 10%, in addition at the base of the monitoring of the equity managers has added Veritas to their managers from the global unconstrained equity investment.
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| Adding new categories to the portfolio of the Fund |
11/16/2011 |
The Hotel Employees Provident Fund of Cyprus, in accordance with the best governance practices and to improve diversification of the Fund, has announced that, with the advice of their consultants and after undergoing rigorous training, it will invest part of the Fund's assets in alternative investments namely Fund of Hedge Funds (with absolute return target) and Infrastructure Fund....
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| 3,13% Return in 2010 |
4/19/2011 |
The Management Committee after studying the final results of the Fund for the year 2010 and after the information received by the Final Accounts Consulting Committee, have unanimously approved the final accounts for the 31/12/2010. The earnings in favor of the members of the Fund for the 2010 were positive and come up to €7.921.961 which in terms of performance is 3,13%.
Specifically, the return on the deposits were 4,13%, return on bonds 2,37%, on Equities 5,05%, real estate and rend...
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| BlackRock Fixed Income Market, World Bond Fund – Review of 2010 |
28/3/2011 |
Market Background
2010 was a volatile year, and an interesting one for bond markets. Investors grappled with emerging market monetary tightening, inflationary uncertainties, a slate of European sovereign debt crises and a second round of quantitative easing deployed by the US Federal Reserve (the Fed).
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| Edinburgh Partners |
3/28/2011 |
For some time there has been a clear difference in the trend of economic growth between developed and developing markets. In the developed world we see economies where government finances have taken the strain of sustaining growth. In contrast, in the developing economies we see both trade and fiscal surpluses supported by a financial system which has largely avoided the worst excesses of the West.
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| Schroder Investment Management |
3/28/2011 |
Global markets in 2010
A late equity market flurry capped a year characterised by marked swings in sentiment, as investors digested economic data releases and assessed the severity of the sovereign debt crises in Europe. The influence of macro-economic themes was manifested in the relatively high level of correlation between individual stock performance and the, often significant, rotation in the performance of cyclical and defensive sectors depending upon market direction.
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