Regions

US - The US Supreme Court sided with businesses in a dispute over the meaning of ambiguous pension plans, ruling that a federal trial judge should have deferred to Xerox Corp.'s interpretation of its plan.

AUSTRALIA - The preliminary results of the Australian government sponsored Cooper review of the country's pension system has suggested superannuation funds should offer a new low-cost product called MySuper.

Giovanni Legorano speaks to Robert Gardner, co-founder and co-chief executive at Redington. Gardner takes us through some of the issues and opportunities pension funds are dealing with in the current market environment: inflation, the evolution of liability...

US - The California Public Employees Retirement System has struck a deal with Apollo Global Management that sees the private equity fund manager reducing its existing fees by US$125m over the next five years.

GLOBAL - Mergers and acquisitions (M&A) involving managers of alternative strategies grew to a record 50% of all global asset management transactions in the first quarter, data by Jefferies & Co.'s Financial Institutions Group revealed.

GLOBAL - The fees pension funds pay to invest in hedge funds are falling overall, but investors are taking a varied view on when they feel lowering charges is particularly justified, according to recent surveys.

US - AXA Rosenberg chairman Barr Rosenberg will take a 30-day leave of absence after company officials failed to disclose a coding error that disrupted the quant manager's investment model.

GLOBAL - BP has delayed a final investment decision on its controversial Sunrise tar sands project until ‘early next year'.

GLOBAL - BP's disclosure on the financial, environmental and human rights risks of its controversial Canadian tar sands project remains insufficient, an investor coalition said.

GLOBAL - Pension funds are among the investors affected by a board decision to hive off 16% of the assets in Martin Currie's China A Share fund on concerns about Chinese tax liabilities.