GLOBAL - Pension funds look set to fall tantalizingly short of enjoying their best year of investing in hedge funds since 1999, although any gains from 2009 will be welcomed after the alternative asset class suffered its worst ever losses the year before....
Business model alignment with Ucits IV will compel companies to improve their operating models, Ernst &Young says.
JAPAN - Japanese pension funds will decrease their home equity bias in light of weak home-country equity returns, a consultant predicted.
Northern Rock has denied reports it shifted its £368m pension scheme into its "bad bank" side to facilitate a speedy sale of the good part of the business.
Towers Watson has confirmed who will take senior UK positions following the completion of the merger between Watson Wyatt and Towers Perrin last week.
Apache and FirstGroup have outsourced their pension investment decision making to Mercer's implemented consulting practice.
EUROPE - Business model alignment with Ucits IV will compel companies to improve their operating models, Ernst &Young said.
Manager switching to persist; Consultants' twist on DC problematic; Surge in demand for retirement advice; Harman announces plan to end compulsory retirement; Northern Rock moves pensions to help sale
People should be allowed to carry on working into their 70s and 80s, according to Harriet Harman.
US - TCW has sued its former investment chief Jeffrey Gundlach for allegedly stealing proprietary information in order to form his own firm, DoubleLine Capital, and alleged Gundlach stored pornographic materials and drugs at work.