US/UK- US-based hedge fund manager GLG Partners has completed the acquisition if Société Générale Asset Management UK (SGAM UK), the French bank's UK long-only business in a £4.5m deal (US$6.7m).
GLOBAL- Despite the talk about the increased need for risk management in light of the financial turmoil, most asset managers have not done enough to increase their risk management capabilities, a recent study found.
GLOBAL - Forty percent of pension funds with no exposure to emerging markets private equity (EM PE) are planning to invest in this class over the next one to five years, a survey by Coller Capital and the Emerging Markets Private Equity Association reveals....
US - A bill to move Denver Public School's (DPS) retirement system into the Colorado Public Employees' Retirement Association (PERA) was introduced on Friday 3 April in Colorado's legislature.
NETHERLANDS - Dutch telco KPN will pump €390m (US$527.6m) into its pension fund over the next four years in a bid to restore solvency under the terms of its recovery plan.
UK- The Pension Protection Fund is considering raising its levy during periods of economic stability to offset lower payments during a recession, its new chief executive says.
Bank intervention creates pension pain; Pension protector; Pension scheme raises cap on compensation
Investment Solutions has hired Emma Jackson as a defined contribution customer relationship manager in a bid to expand its offering.
A company which helps trustees review actuarial advisers and investment consultants has been launched.
Any Financial Assistance Scheme improvements must be closely scrutinised in order to protect taxpayers, an actuary urges.