Regions

US - Research Affiliates has partnered with Russell Investments to launch a range of fundamental indices in a move that could help it increase its foothold in the US market, Global Pensions has learned.

EUROPE - The EU is facing criticism from asset managers over its plans to raise its part of the €750bn (US$922bn) rescue package for embattled eurozone nations.

SPAIN/DENMARK - AP Pension, PBU and PensionDanmark have written to Spain's finance minister over reports the government is cutting revenue earned through subsidised prices in the sector.

ASIA - LaSalle Investment Management has appointed Mark Gabbay as international director and chief investment officer for Asia Pacific.

EUROPE - The pensions industry is set to revolt over EU attempts to reignite the issue of solvency standards in pension schemes.

Good news for investors bullish about emerging markets, and China in particular.

US - California Public Employees' Retirement System (Calpers) has joined a group of Lehman Brothers creditors with more than US$14bn in claims against the failed investment bank.

US - The California Public Employees' Retirement System (Calpers) lost US$284.6m in value as the largest oil spill in U.S. history erased more than US$1.4bn from BP shares held by 42 state retirement accounts, data compiled by Bloomberg shows.

US - Institutional investors have written to the White House expressing their concern over an amendment to the Wall Street reform bill.

Malaysia - The Employees Provident Fund (EPF) recorded an investment income of RM5.55bn (US$1.7bn) for the first quarter of 2010 (Q1 2010) on the back of the recovering global economic and financial crisis.