GLOBAL - Dissatisfied institutional investors launched a spate of managerial reviews as returns flagged during the first half of 2009, research from bfinance revealed.
US -California governor Arnold Schwarzenegger equated the state's rising pension costs to a "locomotive" and pledged to make pension reform a priority in 2010 in his annual State of the State address yesterday.
US - Denver-based asset manager Janus Capital Group has hired Richard Weil from rival PIMCO as its chief executive officer.
CANADA - The Ontario Teachers' Pension Plan (OTPP) has led a group of investors in the acquisition of American International Group's (AIG) Canadian mortgage insurance business, OTPP said.
UK/US - American asset manager Neuberger Berman has replaced its defined contribution scheme for UK employees with a new group stakeholder arrangement.
US - The recovery in equity markets last year helped to improve the funded status of US pension funds, adding an estimated US$180bn to balance sheets, according to a leading pensions' consultancy.
US/UK - PIMCO is reducing its holdings of UK and US government bonds because of fears over increased borrowing and the withdrawal of quantitative easing programmes.
US - Goldman Sachs Asset Management said it would not raise the base fee on its Global Tactical Asset Allocation fund back to its original level until the start of next year.
As the year comes to a close, GP is taking a look back at the 10 most read features of 2009.
US - Morgan Stanley has hired former Merrill Lynch veteran Gregory Fleming as president of its investment management unit.