GLOBAL - PIMCO has hired five new investment staffers in London, New York and Singapore to round out its emerging markets equities team, with two joining from Goldman Sachs Asset Management (GSAM).
ASIA - Aviva Investors has appointed Kevin Talbot as chief investment officer (CIO) of fixed income and Manish Singhai CIO of equities in Asia.
TAIWAN - The Public Service Pension Fund (PSPF) has appointed Russell Investments as transition manager in what is thought to be the first mandate win of its kind in the country.
NORWAY/ASIA - Norway's sovereign wealth fund, the world's second largest, will increase investments in Asia, as the region leads the global economic recovery, said Norges Bank Governor Svein Gjedrem.
SINGAPORE - Singapore should consider asking companies to contribute more to employees' pensions as the nation's economy improves, said Lim Swee Say, secretary-general of the National Trades Union Congress.
SINGAPORE - The Government of Singapore Investment Corp. (GIC) reported losses of 20% on its investments today for the year ended March 31, but said it has since recovered half of the year's losses on the back of rising equity markets.
SINGAPORE - The Government of Singapore Investment Corp. (GIC) yesterday said it made a US$1.6bn profit on its $6.88bn investment in troubled bank Citigroup.
BRAZIL - The Canada Pension Plan Investment Board (CPPIB) and the Government of Singapore Investment Corporation (GIC) have teamed up with a Brazilian real estate developer to build a portfolio of commercial real estate properties.
SINGAPORE - Martin Currie Investment Management will open an office in Singapore, as the company continues to expand its presence in the Asian region.
SINGAPORE - Morningstar has replaced Mercer (Singapore) as investment consultant to Singapore's state pension fund, the Central Provident Fund Investment Scheme (CPFIS).
SINGAPORE- Janus Capital Group Inc has opened an office in Singapore to target the institutional and wealth management markets in South East Asia.
SINGAPORE - Singaporeans are turning away from annuities in favour of higher monthly payouts that may not last for the rest of their lives.
SINGAPORE - The FTSE Group, Singapore Press Holdings (SPH) and Singapore Exchange (SGX) are to launch new indices by the end of this year.
SINGAPORE - Singapore's Central Provident Fund (CPF) board and IBM are believed to be close to settling the multi-million dollar lawsuit that has tainted their relationship.
ASIA - European Exchange-Traded Funds (ETF) players could soon tap Asia as a lucrative revenue source as the Euro market matures, said Marie-Pierre Ravoteur, co-head of the EasyETF development platform jointly managed by AXA Investment Managers and BNP...
SINGAPORE - The Manpower Minister of Singapore, Dr. Ng Eng Hen, has announced the creation of an international advisory panel for the country's S$120bn (US$75bn) state pension scheme, the Central Provident Fund (CPF).
SINGAPORE - The Central Provident Fund (CPF) has set up an international panel that will advise the fund's board on strategic issues and aims to improve members' retirement sums.
SINGAPORE - Watson Wyatt, the human resource and financial management consulting firm, has strengthened its Asia-Pacific presence through six appointments, affirming its position on developing its global business units.
SINGAPORE - The creation of the private pension plans (PPPs) was originally viewed as a means of boosting Singapore's efforts to attract fund managers to the city-state as part of a wider effort to make it a regional financial hub to compete with Hong...
SINGAPORE - Henderson Global Investors is again expanding its fixed interest horizons by establishing a Singapore-based fixed interest capability.
SINGAPORE - Singaporean wealth levels at retirement rest critically on the interlinked national retirement and housing programmes, according to a new paper by David McCarthy, Olivia Mitchell and John Piggott.
SINGAPORE - Northern Trust has been granted a Wholesale Banking License from the Singaporean authorities, allowing the firm to expand its operations in the region.
SINGAPORE - Merrill Lynch Investment Managers (MLIM) has laid off 22 of the 30 employees in its Singapore group.
SINGAPORE - Morley Fund Management Singapore has been awarded the status of Enhanced Fund Manager (EFM) by the Monetary Authority of Singapore (MAS).