ITALY - BNL/BNP Paribas Employees' Pension Fund has hired State Street Global Advisors to run an €82m ($113m) custom fixed income mandate while the Cariplo Pension Fund renewed a European equity mandate worth $71m.
SSgA will run 50% of the portfolio against the Barclays Capital Inflation Linked Global Bond Euro index and the other half against the JPM Global GBI EMU IG. "We are honoured that BNL/BNP Paribas Employees'...
CHINA - The head of the IMF pleaded with China to support the eurozone as she warned the global economy is heading for a "lost decade".
US - The board of the California Public Employees' Retirement System renewed the contracts of the 16 external managers responsible for its $123.3bn global equity portfolio.
UK - The Pensions Protection Fund has widened its selection of transition managers by recruiting nine firms to its panel, but missing from the list was incumbent State Street who the PPF said did not re-bid.
AUSTRALIA - The A$24bn Commonwealth Superannuation Corporation has hired Northern Trust as custodian, marking the firm's first full-service master custody client in Australia.
UK - The £1.5bn ($2.3bn) Dorset County Pension Fund has appointed JLT Investment Consulting to help it select a new bond manager.