GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
BlackRock hires NEST's Gilbody; Aviva Investors; Liongate; Municipal Fire and Police Retirement System of Iowa; Ignis; HSBC Asset Management; Towers Watson; Acadian; Cardano; LGIM; Mercer
US schemes sue News Corp
US/UK - US pension funds and other institutional investors have filed an amended complaint alleging "rampant nepotism" and "failed corporate governance" at News Corp. in light of the ongoing British phone hacking scandal.
Pension funds increase alternatives allocation by 16%
GLOBAL - The use of alternative asset by pension funds grew by 16% to $952bn in 2010, according to research by Towers Watson.
Aegon AM to rebrand as Kames Capital
UK/NETHERLANDS - Aegon is to rebrand its UK asset management arm as Kames Capital.
CalPERS looks to emerging PE managers, makes $160m on Brazil fund
US - The California Public Employees' Retirement System (CalPERS) has issued an RFI for investment in domestic emerging private equity managers.
5% gold holding ‘optimum' for inflation protection
UK - Investors should stock their portfolio with 5% gold in order to best overcome the effects of both inflation and deflation, according to new research by Oxford Economics. World Gold Council.
Russell Investments appoints Brennan as chief executive
US/UK - Russell Investments has appointed Len Brennan as president and chief executive, and as a director on the company's board.
GASB sets out public pension accounting changes
US - State governments would be forced to report a net pension liability in their financial statements under new accounting proposals put forward by the Governmental Accounting Standards Board (GASB).
Obama: $20bn of social security won't be paid unless debt deal agreed
US - The US government could default on $20bn of social security checks scheduled to go out on 3 August unless congress is able to come to terms on how to raise the $14trn debt limit, President Barack Obama said yesterday.
Hedge fund investors go direct
GLOBAL - Almost a third of institutional investors plan to increase their allocation to hedge funds over the next 12 months, with more than half of them doing so directly, research by Preqin reveals.
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.