News

GLOBAL - US small cap growth was one of the best-performing asset classes in the first quarter of the year,with tope performer Sawgrass Asset Management posting returns of 21.5%, the latest PSN Top Guns list shows.

Neuberger Berman, SL Investment Management, Standard Life, GESB, Acadian, Pioneer, Russell Investments, Northern Trust

Regulating the pensions regulator; Risks in regulating pensions further; Cash for pensions deals warning; Concern over pension transfer incentives; Pensions ‘will offload £20bn liabilities'; High hopes for brisk business in pension buy-outs; OECD: huge...

Pension schemes are expected to shift a further £20bn of liabilities to insurance companies and banks over the next 18 months, according to Hymans Robertson.

AUSTRALIA - The A$1.5bn ($1.57bn) legalsuper reported a 15% jump in employer contributions for the nine months to 31 March 2011 compared with the same period last year.

AUSTRALIA - Energy Super, the A$3.8bn ($4bn) industry superannuation fund, has selected financial services technology provider Financial Synergy to deliver its administration platform.

GLOBAL - HSBC Global Asset Management has launched the first CIVETS fund available to institutional investors.

GLOBAL - 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.

GLOBAL - Africa and Russia represent some of the best investment opportunities for funds considering emerging and frontier markets, Danish pension funds heard.

UK/RUSSIA - Trustees of HMV's pension scheme are in discussions with the retailer over its intended £53m ($85m)sale of the Waterstone's book chain.