News

LONDON - Global Pensions invites readers to save the date for the Currency Management Forum London 2010 to discuss how pension funds can make the most of the unique currency environment.

US - The median pension fund for S&P 500 companies returned 16.2% in 2009, the highest level in five years, according to data by Wilshire Consulting.

NETHERLANDS - Dutch pension fund Stichting Pensioenfonds Stork has hired Acadian Asset Management to run a managed volatility global equity portfolio as it looks to diversify its passive assets.

UK - GLG Partners, the US$22.2bn asset manager whose hedge fund clients include global pension funds, has hired two senior managers from rival Tisbury Capital Management.

JAPAN - Japanese pension funds plan to increase stock and bond investments in emerging markets to diversify their portfolios and boost returns, according to a survey by JPMorgan Chase's asset management business.

Pitmans Trustees has made Richard Butcher managing director of the firm from May 1.

The Pensions Trust has appointed Sarah Smart as chairman of its board of directors.

Aviva to close final salary scheme

U party founder Robin Ellison has withdrawn from the May 6 election race.

Adrian Waddingham has won the Pensions Personality of the Year award.