The Enterprise Chamber of the Amsterdam Court of Appeals has rejected a request by Hermes and the Universities Superannuation Scheme to investigate Canon's tender offer worth €730m (US$998.4m) to buy Océ.

UK/NETHERLANDS - The Enterprise Chamber of the Amsterdam Court of Appeals has rejected a request by Hermes and the Universities Superannuation Scheme to investigate Canon's tender offer worth €730m (US$998.4m) to buy Océ.

NETHERLANDS - Financial services watchdog Autoriteit Financiële Markten (AFM) and De Nederlandsche Bank (DNB) halted their investigation over Ed Njipels' role in the collapse of DSB Bank because he resigned as chairman of Stichting Pensioenfonds ABP....

NORWAY - The Ministry of Finance has introduced two new sets of ethical guidelines for responsible investment practices at the Government Pension Fund Global and its asset manager Norges Bank.

GLOBAL - Pension funds are questioning the efficacy of traditional liability driven investment (LDI) strategies as the indices used to construct the strategies proved to be too backward-looking, Pacific Investment Management Co. (PIMCO) chief executive...

EUROPE - The current version of the Alternative Investment Fund Managers (AIFM) directive does not have the qualified majority support in the in the European Council (EC) needed to pass, a document by the EC showed.

GLOBAL - Assets under management of sovereign wealth funds (SWFs) fell by 3% in 2009 to around US$3.8trn but funds are looking to place a greater number of those assets outside their home country, a report by International Financial Services London (IFSL)...

US - Thirty-two members of the US Congress have written to president Barack Obama asking for his intervention in the dispute surrounding Delphi Corporation's salaried retiree pensions.

CANADA - Caisse de dépôt et placement du Québec posted a 10% return for 2009 but fell short of its target returns.

JAPAN - A high allocation to domestic bonds held back returns at Japan's public pension fund during the last three months of 2009.