DENMARK - Danish fund manager ATP posted a DKK10.5bn (US$1.2bn) profit on its investments and hedging activities in the first quarter, with a large chunk of investment returns coming from domestic equities.

The Alberta Investment Management Corp., which manages C$70bn in assets for Alberta pensions and other institutions, is in negotiations to take over UK-based buy out firm Candover.

UK/CANADA - The Alberta Investment Management Corp. (Aimco), which manages C$70bn (US$70bn) in assets for Alberta pensions and other institutions, is in negotiations to take over UK-based buy out firm Candover.

GLOBAL - Tectona G Capital and Investment Managers, GlobalReach Securities has launched a timber fund that could draw between US$130m - $200m of institutional money, the firm said.

US - Axa SA's private-equity unit agreed to buy $1.9bn of investments in private-equity funds from Bank of America Corp. as the buyout industry emerges from the worst recession in 70 years.

NETHERLANDS - Dutch pension funds Pensioenfonds Zorg en Welzijn's (PFZW) investments in structured credit and interest rate and inflation mandates helped push a return of 5.2% in the first quarter.

US - The US Supreme Court sided with businesses in a dispute over the meaning of ambiguous pension plans, ruling that a federal trial judge should have deferred to Xerox Corp.'s interpretation of its plan.

LONDON - Global Pensions invites readers to save the date for the Currency Management Forum London 2010 to discuss how pension funds can make the most of the unique currency environment.

US - The median pension fund for S&P 500 companies returned 16.2% in 2009, the highest level in five years, according to data by Wilshire Consulting.

NETHERLANDS - Dutch pension fund Stichting Pensioenfonds Stork has hired Acadian Asset Management to run a managed volatility global equity portfolio as it looks to diversify its passive assets.