AUSTRALIA - The A$71.8bn Future Fund has named Mark Burgess its new general manager.
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
US - The SEC has approved a request by the New York City Pension Funds to hold a shareholder vote asking Bank of America and Citigroup to review their foreclosure and mortgage practices.
GLOBAL - Hedge fund managers will have to lower fees, change their business strategies and lower their risk tolerance as pension funds increase their allocation to the asset class, Moody's Investors Service believes.
US - Tyre company Goodyear plans to make $1.3bn in pension contributions through 2013, more than halving its pension liabilities, the firm said.
US - Pacific Investment Management Co., manager of the world's largest mutual fund, raised more than $1.5bn for a private pool to buy assets from banks looking to strengthen their balance sheets, according to two people with knowledge of the fundraising....
US/UK - The recent initial public offering announcement by Apollo is a boon to the private equity industry, as it will help "demystify" the market, said Alan MacKay, chief executive of Hermes GPE.
NETHERLANDS - Dutch pension fund manager PGGM has appointed Eloy Lindeijer as its new chief investment officer.
The £8.5bn Aviva Staff Pension Scheme is looking to increase its allocations to real estate related assets to 15% over the next two years as it looks for long-term, liability matching assets.