News
Australia
AUSTRALIA - The median Australian superannuation fund finished the year with a 15.1% return, but has yet to recover from the losses suffered during the global financial crisis.
20 January 2010
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Bulk Annuities
UK - UBS Investment Bank is to enter the longevity swap market following the hire of a four-strong pensions team, sources said.
20 January 2010
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Bulk Annuities
UBS Investment Bank is to enter the longevity swap market following the hire of a four-strong pensions team, PP has learned.
20 January 2010
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North America
US - The Fresno County Employees' Retirement Association (FCERA) has eliminated its global fixed income allocation and diverted those assets to emerging markets.
20 January 2010
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Defined Benefit
Pitmans Trustees Limited has bought Bluefin's independent trusteeship business, SBJ Professional Trustees.
20 January 2010
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Canada
CANADA - Global Pensions invites readers to save the date for the Currency Management Forum Toronto 2010 to discuss how pension funds can make the most of the unique currency environment.
19 January 2010
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Norway
NORWAY - Norway's Government Pension Fund Global has shed its NOK13.7bn (US$2.4bn) investment in 17 tobacco producing companies including Philip Morris and British American Tobacco.
19 January 2010
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Canada
CANADA - Canada's financial stability could be at risk by the discovery that current methods of accounting for public sector pension obligations may have been understating their true costs by C$58bn (US$56.3bn), a think tank said.
19 January 2010
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Private Equity
Hermes Equity Ownership Services has established a private equity service with the hire of Tom Rotherham as associate director for private equity.
19 January 2010
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