BNY Mellon Asset Management has launched its first global 130/30 strategy.

GOODMAN Property Investors has launched an Asia Pacific fund of funds in a bid to target pension scheme demand.

UK - The Nottinghamshire County Council (CC) pension fund has announced it is looking for a new actuary.

US - CalPERS may be forced to open its doors to individual retirement accounts or individual retirement annuities (IRAs) for low earners if a bill going through the California legislature is passed.

Shift out of shares finishes as credit dries up; Business attacks Merkel pension plan; Morgan Stanley's John Mack wins re-election; IMF puts cost of credit crisis at $945bn.

CAIRN Financial Products has launched a structured credit hedge fund targeted at pension scheme and other institutional investors.

LOCAL housing trust Southway has appointed Gissings Consultancy Services as pensions advisor.

UK - Over 12,000 people in 41 schemes have been rescued by the Pension Protection Fund (PPF) since its creation in 2005.

MORE than 12,100 people are now receiving Pension Protection Fund compensation or will receive it in the future, the lifeboat fund says.

US - Large companies could lose more than the $70bn which has already vanished off balance sheets through their pension funds in 2008, according to Mercer.