Regions

GLOBAL - Pension funds are questioning the efficacy of traditional liability driven investment (LDI) strategies as the indices used to construct the strategies proved to be too backward-looking, Pacific Investment Management Co. (PIMCO) chief executive...

EUROPE - The current version of the Alternative Investment Fund Managers (AIFM) directive does not have the qualified majority support in the in the European Council (EC) needed to pass, a document by the EC showed.

US - The Teachers' Retirement System of the State of Illinois (Illinois TRS) has terminated BlackRock from a US$643.5m domestic enhanced equity mandate for poor performance and hired a slew of other managers.

GLOBAL - Assets under management of sovereign wealth funds (SWFs) fell by 3% in 2009 to around US$3.8trn but funds are looking to place a greater number of those assets outside their home country, a report by International Financial Services London (IFSL)...

GLOBAL - The number of schemes awarding managers bond mandates increased by over 50% in 2009, Towers Watson said.

EUROPE - A third of multi-national companies operating in Europe are set to implement pan-European pension arrangements by 2015, Hewitt Associates has forecast.

EUROPE - The European Commission is set to publish a green paper on an EU framework for pensions.

EUROPE - The Economic and Monetary Affairs Committee of the European Parliament (EP) started their scrutiny of the latest draft of the Alternative Investment Fund Managers (AIFM) directive focusing on the exemption of pension funds and other entities....

GLOBAL - Global pension assets totalled US$29.5trn at year end 2009, up 14% from the previous year, according to a report by the International Financial Services London.

GLOBAL - Despite closure after closure of defined benefit pension funds around the world, some investment managers think hybrid versions of these schemes will continue to emerge.