Regions

GLOBAL - Over a third of investors intend to increase their allocations to hedge funds in 2011 and only 10% said they would decrease the money they put into the industry, according to a survey by Preqin.

EUROPE - The long-anticipated Alternative Investment Fund Managers (AIFM) Directive has been passed into law following a plenary vote of the European Parliament.

EUROPE - The global real estate crisis has created investment opportunities for pension funds and other institutional investors, Mercer believes.

EUROPE - The European Federation of Retirement Provision (EFRP) has appointed Patrick Burke as its new chairman.

US - The funding pressures felt by US plan sponsors as a result of low interest rates will likely continue until at least late 2011 on the back of the next round of quantitative easing, Mercer said.

US - United Parcel Service has issued $1.5bn in bonds to help fund contributions to its pension plan.

When former New York State Comptroller Alan Hevesi pleaded guilty to his part in a pay-to-play scandal, he became the highest ranking scalp taken by state attorney general Andrew Cuomo's investigation into the use of placement agents. Chris Panteli looks...

GLOBAL - Fidelity snags Gartmore CIO; Hermes; UBS; T. Rowe Price

US - Former political consultant Henry "Hank" Morris, charged as part of New York Attorney General Andrew Cuomo's probe of corruption at the state's pension fund, reached a plea deal with prosecutors, a Manhattan judge said.

The November issue of Global Pensions is out now. This month's issue includes: