News

GLOBAL - Russell Investments and Axioma have launched a suite of long-only factor-based indexes for US small and large cap equities. The ten indexes aim to provide institutional investors with vehicles to manage exposure to five risk factors within portfolios....

AUSTRALIA - The median superannuation growth fund returned a nearly flat 0.2% for April, dragged down by mixed results in investment markets and the continued strength of the Australian dollar, according to research from consultancy Chant West.

CANADA - A Canadian pension plan has invested $104m in the new version of Acadian Asset Management's managed volatility strategy that mixes developed and emerging equities, the firm said.

EUROPE/US - Saguenay Capital and Strathmore Capital have merged to create Saguenay Strathmore Capital.

Saguenay Capital and Strathmore Capital have merged to create Saguenay Strathmore Capital.

Pensions minister Steve Webb is to meet with industry figures today to try to "root bad practice out" of enhanced transfer value exercises.

The government must take "urgent" action to clarify public sector reforms and end the uncertainty engulfing its plans, the National Association of Pension Funds says.

A £1.3bn plumbers' pension scheme is urging Steve Webb to ditch plans to scrap contracting-out rebates because it will put it into direct competition with NEST.

Some 93% of institutional hedge fund investors are considering increasing their allocation to the asset class over the next three years, suggesting a "significant" inflow of capital to come, research by Preqin suggests.

NETHERLANDS - Stichting Bedrijfstakpensioenfonds voor de Groothandel in Levensmiddelen (Bpf GIL) has hired J.P. Morgan Worldwide Securities Services as global custodian for its €500m ($700.6m) scheme.