News

The standard of governance within the hedge fund industry is exposing schemes to high risks and needs significant improvements, the £30bn Universities Superannuation Scheme says.

Northern Trust, AP3, Permal, LGIM, JP Morgan Asset Management, BlackRock

Aviva Investors has launched a global real estate fund of funds to help UK local authority pension schemes access unlisted property and still comply with LGPS regulations.

Campaigners for Visteon workers who lost their pensions when the car parts manufacturer collapsed have taken their fight to the European Parliament.

AUSTRALIA- Two South Australian superannuation funds, the A$1.7bn Local Super and A$2.4bn StatewideSuper, are having "detailed" discussions about merging, the funds have confirmed.

EUROPE - Total assets managed in Europe bounced back to €13.8trn ($19.8trn)at the end of 2010, research from the European Fund and Asset Management Association (EFAMA) shows.

AUSTRALIA - State Street Global Advisors (SSgA) expect that exchange traded funds (ETFs) will continue to grow in popularity with Australian institutional investors as they come to grips with new legislation stemming from the Cooper Review.

KPMG analysis of over 100,000 member records reveals the most common administration failings and reveals how they are increasing fund liabilities by up to 5%.

UK/UAE - UK-based pensions and investment consultant LCP has opened an office in Abu Dhabi in a bid to meet increasing demand for advice in the region.

Schemes could shift to 75% bond allocations over the next five years as the desire to reduce investment mismatching gathers pace, a consultant says.