Europe

NORWAY/GREECE - Norway's public pension fund appears to be the biggest proportional loser from knock-on effects of Greece's debt woes, after Norges Bank Investment Management (NBIM) boosted its holdings in Greek equities by 45.8% during the second half...

ITALY ¬- Italian pension funds have been increasingly looking at fiduciary management solutions in the first quarter of this year, BlackRock head of Italian institutional business Alberto Salato said.

UK - The three main political parties' manifesto pledges on pensions have been dismissed as "bland" with no commitments and saying "nothing explicit" by the PP Pensions Commission.

LONDON - Global Pensions invites readers to save the date for the Currency Management Forum London 2010 to discuss how pension funds can make the most of the unique currency environment.

UK - GLG Partners, the US$22.2bn asset manager whose hedge fund clients include global pension funds, has hired two senior managers from rival Tisbury Capital Management.

UK - Aviva has confirmed plans to close both the Aviva and RAC final salary schemes to future accruals.

UK - The pension industry should engage more with people on how much they invest into their pension pot rather than focusing on the specific investment advice, industry figures said.

UK - The London Pension Fund Authority has unveiled detailed recommendations for future reform of the Local Government Pension Scheme.

UK - The IMI Pension Fund is to undertake a wide-ranging strategic investment review to reduce risk while preserving returns.

UK/US - State Street Corp. has taken a minority stake in PensionsFirst Analytics, which offers a web tool that can provide actuarial valuations on a daily basis, and has plans to take the London-based firm global.