AUSTRALIA - Superannuation fund QSuper hired State Street Global Advisors (SSgA) to run A$10bn (US$8.5bn) in passive strategies that will provide pre-tax returns that match their respective benchmarks, SSgA said.
The recent falls in the stock market have led to declines in income for DC scheme members. Sebastian Cheek looks at how investors can hedge against future falls
Panellists discuss how shifting attitudes to default funds have affected DC schemes over the past year and what changes are ahead
UK/GLOBAL - Strategy diversification is key to developing a currency portfolio that offers downside protection, currency experts said.
US - State Street Global Advisors has named Kristi Mitchem, former head of BlackRock's US defined contribution business, its new global head of DC, SSgA announced today.
US - State Street Global Advisors has named Alistair Lowe as its new global equity chief investment officer replacing Arlene Rockefeller who is retiring after nearly three decades at the firm.
The pensions industry in Australia eagerly awaits the publication of the Cooper Review. Rachel Alembakis looks at the potential consequences
GLOBAL - Private equity funds managed to post positive returns of 15% for 2009 despite a slow start to the year, data from State Street revealed.
ITALY - The €5.2bn (US$6.4bn) Fondo Cometa has hired nine managers and completed the renewal of mandates for its Monetario Plus, Reddito and Crescita sub-funds due to expire this year.
ITALY - State Street Corp. has completed its €1.28bn (US$1.6bn) cash purchase of Intesa Sanpaolo's Securities Services business (ISPSS), including the firm's custody and fund administration units.