Investment

AXA Rosenberg has launched a global emerging markets and all-country world equity fund.

OVER four-fifths of large pension schemes trustees have become "more comfortable" with investing in hedge funds over the past year, research by State Street shows.

LAKE Shore Asset Management is to target UK schemes for its range of alternative investment strategies, PP has learned.

BRITANNIC Asset Management has unveiled a pooled liability-driven pension product to help schemes close funding deficits.

BRITISH Airways is to raise the retirement age of its staff from 55 to 65 in a bid to clear its £1.4bn deficit.

AUSTRALIA -The Australian Prudential Regulation Authority (APRA) has brought the 30 June 2006 Registrable Superannuation Entity (RSE) license application deadline forward by four and half months.

EUROPE - Russell Investment Group has launched a global real estate securities fund for European pension funds ahead of the much anticipated introduction of REITs.

INDIA - BNP Paribas Asset Management will buy a 49.9% stake in Sundaram Asset Management Company Limited, it was announced today.

US - The Pension Benefit Guaranty Corporation (PBGC) could face liabilities of US$11.2bn now Delta Air Lines and Northwest Airlines have filed for bankruptcy.

US - Pension funds of S&P 500 companies failed to improve their funding status from a US$164bn deficit last year, despite their double-digit market gains.