US - Former presidents of the USA are eligible for pension benefits worth up to US$7m over the course of their lifetime, research by the National Taxpayers Union (NTU) reveals.

THIRD-PARTY pension administrators and consultants Michael Kirk & Partners has hired Claire Tyler as a consultant.

US - Assets under management at State Street Global Advisors, fell by 27% to US$1.4trn during 2008 while net income at available to shareholders at parent company State Street Corp. declined 71% to $65m, according to an earnings release published today....

GLOBAL - LGT Capital Partners has closed its Crown Asia-Pacific Private Equity fund after raising US$373m in subscriptions.

Two committees established by the US Presidential Working Group on Financial Markets have issued a set of best practice guidelines for hedge funds managers.

Rapidly falling inflation risks tipping over into deflation, which could prove beneficial to the country's pensioners, Punter Southall claims.

JAPANESE and Asian equities specialist Tokio Marine Asset Management has launched its London asset management business, targeting UK and continental European institutional investors.

Nortel UK has approached the Pension Protection Fund seeking rescue for its 43,000-member scheme, after the company was placed into administration last week.

The £3.7bn Merseyside Pension Fund has awarded four mandates worth £360m as part of a reallocation to unconstrained investment strategies.

FTSE 350 pension schemes have recorded a funding level of 92% which equals a deficit of £33bn, Mercer figures reveal.