TITLE

Pensioner power

AUTHOR(S)
Boyfield, Keith
PUB. DATE
June 2007
SOURCE
Utility Week;6/22/2007, Vol. 27 Issue 13, p18
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the crucial role played by British pension fund trustees in a utility takeover deal under the 2004 Pension Act. Trustees cannot block a deal they find unattractive but they can upset the pricing or hinder a balance sheet reconstruction or refinancing. In major takeovers, pension scheme trustees have to engage directly with bidders, particularly private equity bidders. Trustees must rely on financial advisers to assess projected cash flows and how to support pension schemes.
ACCESSION #
25696059

 

Related Articles

  • Private Equity Push Moving Along for Tulare County. Lewis, Jakema // Investment Management Mandate Pipeline;12/ 7/2012, p8 

    The article reports that Tulare County Employees' Retirement Association (TCERA) will be meeting in December 2012 with potential managers for its investments in the private equity sector, including HarbourVest, Hamilton Lane, and StepStone.

  • Bethlehem's Pension Fund Issues Private Equity Search. Giardina, Michael // Investment Management Mandate Pipeline;4/7/2014, p5 

    The article reports that the Aggregated Pension Fund Board of the City of Bethlehem in Pennsylvania is in search of a private equity fund manager to handle ten million U.S. dollars of the funds' money.

  • Pension Plan: County Retirement Fund Returns to Private Equity Investments. Maio, Pat // Orange County Business Journal;11/13/2006, Vol. 29 Issue 46, p62 

    The article reports that the pension fund Orange County Employees Retirement System (OCERS), based in Santa Ana, California is investing $175 million in private equity with the help of financial advisers. A team of advisers has been selected by OCERS to help direct how it invests this amount in...

  • Ohio PERS May Seek PE Advisor. Giardina, Michael // Investment Management Weekly;5/20/2010, p4 

    The article reports that a new private equity consultant may be added by the Ohio Public Employees' Retirement System (OPERS) by the end of 2010. A request for information (RFI) for new private equity advisement is expected to be issued by the retirement plan. It is noted that a three-year...

  • LACERA Looks for PE Consultant. Sorondo, Marc // Investment Management Weekly;7/31/2006, Vol. 19 Issue 30, p2 

    The article reports that the Los Angeles County Employees' Retirement Association has issued a request for proposal for a private equity consultant for its portfolio. The portfolio includes acquisitions, distressed debt, mezzanine, special situations, and venture capital. Interested parties...

  • Worcester Considers Private Equity. M. S. // Investment Management Weekly;10/29/2007, Vol. 20 Issue 41, p2 

    The article reports that Worcester Retirement System has issued an RFI for direct private equity funds. The retirement plan is searching for managers of buyout, venture capital, mezzanine, distressed debt and special situations funds. Worcester's portfolio comprises 36 percent domestic equity,...

  • Emerging markets drawing big capital. Hua, Thao // Pensions & Investments;5/12/2008, Vol. 36 Issue 10, p9 

    The article reports that financial and pension fund executives believe that the level of private equity fundraising targeting emerging markets is at record levels with further growth expected to be sustained over the long run. In 2007, private equity fundraising dedicated to emerging markets...

  • CHANGES AHEAD.  // Pensions & Investments;5/17/2004, Vol. 32 Issue 10, p30 

    The article provides information related to pension trusts. Jacksonville, Florida General Employees Pension Fund issued request for proposals (RFPs) for one or more active domestic intermediate-term bond managers to run a total of $125 million and for an investment consultant. Indianapolis,...

  • PSERS Hires for Private Equity. Abramovich, Giselle // Investment Management Weekly;7/25/2005, Vol. 18 Issue 29, p2 

    Reports on the approval of the Pennsylvania State Employees' Retirement System's investments into private equity managers. Role of Cambridge Consultants in the process; Comments by plan spokesman Bob Gentzel on the fund's portfolio.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics