News

NORWAY - Officials at Norges Bank Investment Management (NBIM), manager for the Government Pension Fund Global, have written to the Ministry of Finance to defend its use of active management, as the future use of the investment strategy comes under question....

US - Emerging market specialist Finisterre Capital has launched an absolute return fund seeded with US$250m of initial capital from the New York State Common Retirement Fund (CRF).

MEXICO - The country's pension fund assets rose 22.8% in 2009 to MXN1.15trn (US$90.8bn), according to data released by the Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR).

A coalition of 141 institutional and individual investors has demanded oil giant Shell report on the investment risks associated with its controversial Canadian oil sands project.

GLOBAL - A coalition of 141 institutional and individual investors has demanded oil giant Shell report on the investment risks associated with its controversial Canadian oil sands project.

UK - A complex legal case concerning the funding of the Pilots National Pension Fund has started in the High Court.

A complex legal case concerning the funding of the Pilots National Pension Fund has started in the High Court.

Almost half a billion pounds of pension funds were transferred abroad in the first two years after pensions simplification to escape alternatively secured pension tax penalties, A J Bell says.

The Investment Management Association has appointed Douglas Ferrans as chairman.

Standard Life has announced the new structure of its executive team after David Nish took over as chief executive at the life and pensions firm on January 1.