US - President Barack Obama has nominated Joshua Gotbaum, operating partner at private equity firm Blue Wolf Capital, to head the Pension Benefit Guaranty Corp., the country's corporate pension safety net, the White house said.

JAPAN - Japan Airlines Corp., seeking its fourth state bailout since 2001, rose the most in the almost two weeks after the government said a state bank will provide a loan and that laws may be introduced to make it easier to cut pensions, Bloomberg News...

US - The California Public Employees' Retirement System (CalPERS) plans to search for a new general investment consultant, and the incoming advisor will have to offer a broader scope of services than in the past.

NORWAY - The Government Pension Fund - Global raked in record returns of 13.5% in the third quarter, equating to a gain in assets of NOK325bn (US$58.2bn).

US - State Street Corp. said on Friday it added another US$250m into its legal reserve and entered into an $89.8m proposed settlement of a class action suit regarding strategies run by State Street Global Advisors.

EMERGING MARKETS - Emerging markets equities, debt and currency are the asset classes most likely to benefit from the long-term growth prospects of emerging economies, one consultant said.

Emerging markets equities, debt and currency are the asset classes most likely to benefit from the long-term growth prospects of emerging economies, a consultant says.

SWITZERLAND - The Pension Fund of UBS has hired Urs Schaffner as its new chief executive officer, and plans to review the organisational structure of the team, according to an internal memo.

NEW ZEALAND - Legislation allowing new Zealanders working in Australia to move their retirement savings back to their home country will be introduced into Parliament in the next two weeks, said minister of finance Bill English.

EMERGING MARKETS - Institutional investors have been flooding into emerging markets this year, lured by the sector's long-term prospects as leaders of global growth, Schroders said.