AUSTRALIA: Future Fund invests in UK property; NEW ZEALAND: NZ Superannuation up 6.31%; CANADA: CPPIB
Aussie Future fund taps Henderson for UK Property
AUSTRALIA - The Australian Government Future Fund has hired Henderson Global Investors for its maiden investments in the UK property market.
As part of this investment, the A$61bn (US$53.3bn) scheme acquired a one-third stake in Bullring Limited Partnership from Land Securities PLC for £210m, Henderson said in a release.
NZ Super up 6.31% in August
NEW ZEALAND - The New Zealand Superannuation Fund returned 2.8% in August and 6.31% in July, equating to gains of NZ$1.2bn (US$909m), the scheme said today.
The July and August performances mark a turnaround from June's nearly flat return of 0.4%.
Total assets reached NZ$14.9bn at the end of August. The scheme allocates 44.7% to international equity, 15.5% to international fixed income, 7.6% to timber, 7.2% to global real estate, 6.9% to domestic equity, and 5.6% to infrastructure.
The fund also invests 4.2% in commodities, 1.9% to domestic fixed income, 1.1% to private equity and 0.6% to other private markets. The rest of the assets are in cash.
CPPIB takes stake in Arcient
CANADA - The Canada Pension Plan Investment Board partnered with private equity firm Kohlberg Kravis Roberts & Co. to take a stake in communications firm Arcient.
The $225m deal closed last week.
Senior vice-president of private investments at CPPIB Mark Wiseman said: "Aricent has a strong market position and an impressive client base including some of the world's top telecommunications firms."
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A new cost transparency solution is being developed for pension schemes by a financial services technology firm.
Supermarket giant Asda's plans to reform its pensions have been decried as "unfair, unreasonable and unnecessary" as the workers' union began talks with the employer.
The Pensions Administration Standards Association (PASA) has launched a checklist to help trustees with the rectification process for guaranteed minimum pensions (GMP).