Investment

Long the Western bond markets…for the time being

The Pensions Regulator's draft trustee guidance on covenant assessment is a "missed opportunity", Sackers says.

UK - A group of disgruntled pension funds is threatening litigation against investment giant Henderson after one of its funds lost more than 60% of its value during the credit crunch.

AllianceBernstein has hired Tim Banks to expand its defined contribution capabilities in the UK.

A group of disgruntled pension funds is threatening litigation against investment giant Henderson after one of its funds lost more than 60% of its value during the credit crunch.

Schemes could "considerably" reduce longevity basis risk by utilising index-based longevity hedges, academics say.

The Organisation for Economic Co-Operation and Development has encouraged the International Accounting Standards Board to review the definition of DB and DC plans as they relate to international accounting standards.

City Financial has launched an Asia fund of hedge funds aimed at pension funds and other institutional investors.

GLOBAL - Investors in struggling money market funds are less likely to receive financial support from fund sponsors post-crisis, research from Moody's warns.

SOUTH AFRICA - SEI Investments (South Africa) has hired Giles Mokoka as managing director in Johannesburg.