News

GLOBAL - Assets under management of sovereign wealth funds (SWFs) fell by 3% in 2009 to around US$3.8trn but funds are looking to place a greater number of those assets outside their home country, a report by International Financial Services London (IFSL)...

US - Thirty-two members of the US Congress have written to president Barack Obama asking for his intervention in the dispute surrounding Delphi Corporation's salaried retiree pensions.

NORWAY - The Ministry of Finance has finalised rules allowing the Government Pension Fund Global to invest up to 5% of its NOK2.6trn (US$435.8bn) portfolio in real estate.

Capita Tracing Solutions has become part of Capita Hartshead following an internal restructuring.

GLOBAL - The number of schemes awarding managers bond mandates increased by over 50% in 2009, Towers Watson said.

The number of schemes awarding managers bond mandates increased by more than 50% in 2009, Towers Watson says.

The Shell Contributory Pension Fund has shifted more of its equities and bonds exposure to passive management, after active management has not been successful for many investors, the trustee says.

UK - The Shell Contributory Pension Fund has shifted more of its equities and bonds exposure to passive management, after active management failed to be successful for many investors, the trustee said.

UK - Courts in Canada and the US have blocked The Pensions Regulator's attempts to seek £2.1bn (US$3.13bn) from Nortel Networks on behalf of the struggling UK pension scheme.

Courts in Canada and the US have blocked The Pensions Regulator's attempts to seek £2.1bn from Nortel Networks on behalf of the struggling UK pension scheme.