News

Trustees should delegate investment decisions to fiduciary managers because schemes lack the resources for strong internal governance, consultants say.

US - Trustees of the New York City Pension Funds have asked four banks to review their foreclosure policies saying they could be causing unnecessary foreclosures.

The Merseyside Pension Fund has tripled the size of its fund of hedge funds allocation with Pacific Alternative Asset Management Company (PAAMCO) to $75m (£47.1m).

Generation Y needs a cold hard shock to save into a pension young and not stop saving during hard times, Shilling Communications says

Longevity swaps allow schemes to remove risk without the need to transfer assets and reduce equity positions, delegates heard.

GLOBAL - Prominent pension schemes are among 30 founding members of the Hedge Fund Standards Board's investor chapter, announced today.

GLOBAL - Deutsche Bank AG and the California Public Employees' Retirement System are among 259 investors urging policy makers to combat global warming or face mounting economic disruptions in the next 40 years.

UK - Start-up investment manager Carduus Capital has become the latest hedge fund investor to offer to refund part of its fees if it does not perform as institutional clients expect.

Trustee boards should make sure their defined contribution scheme assets are given enough attention compared with defined benefit legacy section, delegates heard.

Conflict of interest faced by pensions managers is a critical issue which must be addressed but can be dealt with effectively, delegates heard.