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)...
US - Food giant Kraft has announced it will freeze its US pension plans for current salaried and non-union hourly employees from December 31, 2019, according to Securities and Exchange Commission filings.
US - US regulators seem to have softened their stance on placement agents who are hired by investment managers to win contracts from public pension funds.
US - State Street Corp. has reached a settlement with the SEC and Massachusetts authorities that results in the firm ultimately paying US$663m to investors who lost money in active fixed income strategies run by State Street Global Advisors.
In collaboration with Global Pensions, Data Explorers Consulting brings you the latest global trends and analysis on securities lending
UK - Hermes Fund Managers has hired a six strong global equities team from Fortis.