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Germany
GERMANY - Hewitt Associates has completed the merger of its German businesses.
05 January 2010
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US
US - TIAA-CREF has sold its stake in four Asian oil and gas firms with business operations in Sudan.
05 January 2010
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Investment
US - The recovery in equity markets last year helped to improve the funded status of US pension funds, adding an estimated US$180bn to balance sheets, according to a leading pensions' consultancy.
05 January 2010
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Netherlands
NETHERLANDS - Pension fund manager Pensioenfonds Zorg en Welzijn (PFZW) has halved its planned pension increase in 2010 and increased contributions for the coming year.
05 January 2010
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Investment
UK/US - Aviva has acquired US equity manager River Road Asset Management as it looks to grow its institutional business and expand in the US market.
05 January 2010
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Hedge Funds
US - Goldman Sachs Asset Management said it would not raise the base fee on its Global Tactical Asset Allocation fund back to its original level until the start of next year.
04 January 2010
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Socially Responsible Investing
FRANCE - France's reserve fund the Fonds de Réserve (FRR) pour les Retraites has terminated Dexia Asset Management from a socially responsible investment (SRI) mandate due to poor performance.
04 January 2010
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North America
US - Goldman Sachs Asset Management said it would not raise the base fee on its Global Tactical Asset Allocation fund back to its original level until the start of next year.
04 January 2010
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Consultants
Towers Perrin and Watson Wyatt have completed their $4bn (£2.47bn) merger, creating their new firm Towers Watson.
04 January 2010
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