News

NETHERLANDS - Algemene Pensioen Groep NV, which manages about €250bn ($321bn) for the Netherland's largest pension fund, said it plans to increase its real estate investment in Asia as it seeks to benefit from the region's economic growth.

US - The California Public Employees' Retirement System (CalPERS) has approved a change in policy which it believes could save the state up to $500m this year.

EUROPE - The European Commission is reviewing a letter from nine member states seeking to alter the way public debt is calculated to account for changes in state pension systems.

AUSTRALIA - Superannuation funds will save A$20bn ($18bn) over the next decade if the Cooper review's SuperStream proposal is implemented, according to research by the Financial Services Council (FSC) and Ernst & Young.

Institutional investment in Gartmore's £3.6bn alternative funds business increased to 70% of total assets under management in the first half of 2010, interim results show.

UK - Institutional investment in Gartmore's £3.6bn alternative funds business increased to 70% of total assets under management in the first half of 2010, interim results show.

US - The California Public Employees' Retirement System's (CalPERS) good governance campaign has significantly improved stock performance over the past 23 years, a new report shows.

The pensions buyout market is likely to see more than £10bn of deals completed this year, Pensions Capital Strategies says.

UK - The pensions buyout market is likely to see more than £10bn ($15.6bn)of deals completed this year, Pensions Capital Strategies says.

SOUTH KOREA/FRANCE - South Korea's National Pension Service said it plans to buy a 51% stake in a shopping mall near Paris for about 350bn won ($300m), adding to property investments in London and Berlin.