UK/GLOBAL - Aberdeen Asset Management clinched £300m (US$465m) of net new business in the quarter from its global clients and said redemptions have slowed, but total assets under management dropped 3.6%.
US/CANADA - Shareholders of US-based technology company SonicWALL approved a US$717m acquisition deal involving the Ontario Teachers' Pension Plan.
POLAND - Poland may let pension funds invest as much as 95% of their assets in stocks to boost returns as the government seeks to reduce the portion of mandatory retirement savings overseen by private managers.
US/UK - PIMCO hired six new investment professionals for its expanding equity team, including the former head of Goldman Sachs Asset Management's emerging markets equity strategy.
CANADA - Canadian pension funds lost 3.2% in the second quarter, but a weak dollar helped shield against even steeper falls in the international equity markets, according to data by RBC Dexia Investor Services.
NETHERLANDS - Pensioenfonds Zorg en Welzijn (PFZW) reported a loss on investments in the second quarter of 1.2% and a drop in its coverage ratio of ten percentage points.
GLOBAL - Regulators should promote countercyclical funding policies, like providing better tax ceilings for over-funded schemes, in order to support the continuation of defined benefit plans, the OECD said.
Regulators should promote countercyclical funding policies, like providing better tax ceilings for over-funded schemes, in order to support the continuation of defined benefit plans, the OECD said.
NEW ZEALAND - Treasury deputy chief executive Gabriel Makhlouf said encouraging those 65 and above to work could help make a dent in the country's "unsustainable" superannuation and other budget costs.
AUSTRALIA - The median Australian superannuation growth fund returned 10.4% in the year ended June 30, besting its target returns by over 300 basis points, according to data by Chant West.