IRELAND/CANADA - The Canada Pension Plan Investment Board (CPPIB) and other investors will give airline leasing company AWAS an additional $529m to help it expand its fleet.
Russell Investments' transition management team saw an uptick of 66% in 2010 in transitions involving overlay strategies as investors looked to manage their exposures to new asset allocations.
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.
FRANCE - The €37bn ($51bn) Fonds de reserve pour les retraites said today it would implement a liability driven investment strategy after receiving a clear picture of its liabilities from the government last year.
GLOBAL - Russell Investments' transition management team saw an uptick of 66% in 2010 in transitions involving overlay strategies as investors looked to manage their exposures to new asset allocations.
AUSTRALIA - Superannuation assets rose 7.7% in 2010 hitting A$1.32trn ($1.32trn) at year end, according to quarterly data by the Australian Prudential Regulation Authority.
US - Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., eliminated government-related debt from his flagship fund.
UK - Final salary public sector pensions should be phased out in favour of cheaper career average schemes by 2015, Lord Hutton said.
US - Actuaries for the California Public Employees' Retirement System are recommending trustees cut the discount rate by 25 basis points to 7.5%.
Legal & General Investment Management has named Mark Zinkula as the group's new chief executive.