US - CalSTRS is set to launch a new "innovation portfolio" that could reach US$2bn if the investment policy is approved at a March 5 investment committee meeting.

GLOBAL - The Alternative Investment Management Association (AIMA) has launched a major transparency initiative in a bid to dispel "myths" surrounding the hedge fund industry.

UK - Balanced pooled funds achieved a median return of -6.0% in January 2009, CAPS pooled pension fund performance results from BNY Mellon Asset Servicing reveal.

ASIA - Morgan Stanley has expanded its transition management team as it looks to grow its Asian market presence.

Pension funds continued to diversify into direct hedge funds and direct private equity, but are allocating significantly less to real estate, Watson Wyatt says.

THE parent company of chemical giant ICI, the Dutch Azko Noble, has said the funding status of its pension plans has improved, although it still has a deficit of nearly €1bn (£880m).

BALANCED pooled funds achieved a median return of -6.0% in January 2009, CAPS pooled pension fund performance results from BNY Mellon Asset Servicing reveal.

GLOBAL - The rising global need for infrastructure investment could provide an important source of income for pension funds and other institutional investors, as government investments become stretched, according to a report by Morgan Stanley Investment...

A FAILURE in corporate governance lies at the heart of the banking crisis, F&C Investments says.

UK - Pension funds continued to diversify into direct hedge funds and direct private equity, but are allocating significantly less to real estate, Watson Wyatt says.