TAIWAN - The Public Service Pension Fund (PSPF) has appointed Russell Investments as transition manager in what is thought to be the first mandate win of its kind in the country.
NORWAY/ASIA - Norway's sovereign wealth fund, the world's second largest, will increase investments in Asia, as the region leads the global economic recovery, said Norges Bank Governor Svein Gjedrem.
SINGAPORE - Singapore should consider asking companies to contribute more to employees' pensions as the nation's economy improves, said Lim Swee Say, secretary-general of the National Trades Union Congress.
SINGAPORE - The Government of Singapore Investment Corp. (GIC) yesterday said it made a US$1.6bn profit on its $6.88bn investment in troubled bank Citigroup.
BRAZIL - The Canada Pension Plan Investment Board (CPPIB) and the Government of Singapore Investment Corporation (GIC) have teamed up with a Brazilian real estate developer to build a portfolio of commercial real estate properties.