Regions

US - The Fresno County Employees' Retirement Association (FCERA) has eliminated its global fixed income allocation and diverted those assets to emerging markets.

US - Emerging market specialist Finisterre Capital has launched an absolute return fund seeded with US$250m of initial capital from the New York State Common Retirement Fund (CRF).

GLOBAL - A coalition of 141 institutional and individual investors has demanded oil giant Shell report on the investment risks associated with its controversial Canadian oil sands project.

GLOBAL - Pension funds could be neglecting their fiduciary responsibilities by ignoring the growing opportunities in climate change-related sectors, an investment bank suggested.

GLOBAL - Hedge funds have posted their best year since 1999, but the average manager is still marginally short of recouping losses suffered during the credit crunch.

GLOBAL - A strong majority of global pension fund investors believe active managers have the ability to deliver alpha, a new survey by Pyramis Global Advisors found.

Caroline Allen reports on the successful recovery of many emerging market economies from the global recession, where rising corporate sales and high levels of foreign exchange reserves have lowered their risky reputation

EUROPE - Long-term UCITS funds attracted €19bn (US$27.4bn) in assets in November, marking the eighth consecutive month of gains, according to new data by the European Fund and Asset Management Association.

US - Two US pension funds who sued Goldman Sachs last month over allegedly excessive bonus packages have asked the court to schedule an expedited hearing on their request to block the payments.

US - A class action lawsuit has been filed against Sterling Savings Bank on behalf of staff seeking compensation over the firm's alleged failure to protect pension investments in company stock.