Europe

SWEDEN/DENMARK - Investment in equities produced good returns for Sweden's first and third AP funds, in addition to PKA, the Danish pension fund manager, according to their half year reports.

NORWAY - The Hordaland County Council (Hordaland Fylkeskommune) has issued a tender for a public service pension product.

UK - Executives responsible for investing company final salary pension schemes still favour return seeking assets over liability matching, according to a Watson Wyatt report.

UK - Men over the age of 50 dominate at the helm of UK company-sponsored pension schemes - despite efforts to encourage more involvement from women and younger employees, according to new research.

FRANCE - BNP Paribas confirmed it would resume calculating the net asset value (NAV) of the three funds it froze over two weeks ago in addition to allowing subscriptions and redemptions at the end of August.

GREECE - JPMorgan and North Asset Management have reached an agreement with all parties affected by a structured bond debacle involving four Greek government pension funds.

EUROPE - Fitch Ratings announced it has been actively monitoring all its ratings for European money market and enhanced cash funds, focusing on exposures to less liquid instruments in the funds, in the structured and securitised credit area.

UK - An investment shake up by the Welsh Rhondda Cynon Taf local government pension scheme has reduced mandates controlled by F&C Management and Baillie Gifford Asset Management, as part of an overall diversification of the scheme's portfolio.

SCANDINAVIA - Scandinavian equities helped three major funds to yield positive returns in the first half of 2007, according to the latest new results released.

UK - Northamptonshire County Council pension fund has allocated £200m to overseas equity.