Investment

US - The California State Teachers' Retirement System will discuss implementing an ‘almost radical' new asset allocation that will divide assets into risk buckets, instead of traditional asset classes.

Railpen has appointed Schroder NewFinance Capital to manage a £80m mandate for its commodity portfolio.

State Street Corporation has been appointed as fund administrator for the National Employment Savings Trust.

Professional Pensions presents a spotlight on alternatives in association with BlackRock

Janus Capital International has launched the Perkins Global Value Strategy for pension funds and other institutional investors.

Alliance Boots has consolidated its pension funds into a single scheme four years on from its merger.

GLOBAL - Institutional asset managers say investors should not be scared by emerging economies recently increasing capital controls to cool strong inflows into their markets.

Scheme funding arrangements driven by special purpose vehicles are gradually becoming more accessible to smaller firms, consultants say.

The number of trust-based defined contribution schemes fell by 15% last year, according to data from The Pensions Regulator.

Active membership in private sector defined benefit schemes declined by 200,000 to 2.4 million in 2009 but remained constant in the public sector, official statistics show.