Investment

CANADA - Canadian pension funds saw assets rise 7.3% over the third quarter, buoyed by rallying global markets, research by RBC Dexia Investor Services shows.

US - The US Department of Labor has sued four investment companies for losing hundreds of millions of dollars through investments with convicted fraudster Bernard Madoff.

State Street Global Advisors is to acquire Bank of Ireland Asset Management in a €57m (£50m) deal.

GLOBAL - Investment fund assets worldwide increased by 3% to €17.47trn ($24trn) at the end of the second quarter of 2010, research shows.

The £4.6bn Merseyside Pension Fund has appointed four new asset managers to run its Asia-Pacific and emerging market portfolios following a review.

Several people connected with Tudor Capital Management, a pension scheme administration service provider, have been arrested on suspicion of fraud, cheating the public revenue and money laundering.

Pension funds can protect against inflation risk by investing in long lease property, while also achieving an attractive spread over index-linked gilts of the same maturity, M&G says.

An emerging dual inflation market for liability matching will further drain liquidity from index-linked gilts and swaps, the National Association of Pension Funds says.

Laura Blows explores what caused the move away from active management, the role it can play within pension fund investment and how adding alpha can turn its reputation around

Many trustees who require consent from HMRC and Inland Revenue to amend scheme rules are overlooking regulation to remove that requirement, a lawyer warns.