FRANCE - Dutch regulations are "killing" pension funds by using a discount rate that forces them to de-risk, said Anton van Nunen, director of Van Nunen & Partners.

Morningstar's quantitative research director, Paul Kaplan speaks about the firm's new quantitative model, Markowitz 2.0, and the evolution of modern portfolio theory.

FRANCE - Morningstar's quantitative research director, Paul Kaplan speaks about the firm's new quantitative model, Markowitz 2.0, and the evolution of modern portfolio theory.

UK and US defined benefit plans agree measuring liabilities is the most pressing risk factor affecting schemes, but they take drastically different views on most other risk factors, a study shows.

US - Carlyle Group, the world's second- largest private-equity firm, agreed to buy a 55 percent stake in Claren Road Asset Management, a $4.5bn long-short hedge fund focused on liquid credit assets.

US/UK - UK and US defined benefit plans agree measuring liabilities is the most pressing risk factor affecting schemes, but they take drastically different views on most other risk factors, a new study shows.

DENMARK - Sampension has set in motion a restructure of its €2bn ($2.6bn) equities portfolio by incorporating a core/satellite approach and plans to search for absolute return strategies for the first time.

DENMARK - The private equity arm of pension fund ATP has launched a new €1bn ($1.3bn) fund backed fully by the pension scheme.

US/GLOBAL - Some 3% of the 1,400 planned job cuts at State Street will come from State Street Global Advisors, GP understands.

US - State Street plans to cut 1,400 employees, or 5% of its total workforce, with staff in North America taking the brunt of the cull.