News

GLOBAL - Private equity fundraising slumped in the first quarter of 2009 - raising the lowest amount of capital since 2003, data from Prequin reveals.

NETHERLANDS/UK - Mn Services Investment Management is set to launch its fiduciary management offering for UK pension schemes.

CANADA - Newly appointed Caisse de depot et placement du Quebec chief executive Michael Sabia received almost CAN$21m (US$16.8m) in remuneration last year as outgoing chief executive of Bell Canada Enterprises (BCE).

CANADA - The CAN$43bn (US$34.5bn) Ontario Municipal Employees' Retirement System (OMERS) has taken a majority stake in the Detroit River Tunnel in a renegotiation of terms with its partner Canadian Pacific Railway (CP).

Professional Pensions will be hosting a two day investment conference on June 3-4, 2009 at the Business Design Centre in Islington, London.

US - The Church Pension Group (CPG) which provides retirement benefits for members of the Episcopal Church, said assets fell by 18.8% in 2008.

DENMARK- PFA Pension has acquired Nordic Asset Management in a bid to manage money for institutional investors outside of its existing client base.

US - AllianceBernstein said it cut more than 200 jobs in the first quarter, with more cuts to come, in a bid to reduce costs.

A group of major institutional investors has written to the prime minister urging the G20 to support a strong green element in programmes of fiscal stimulus.

AWD Chase de Vere Consulting has launched an online service to provide employees with forecasts for both their state and occupational pensions.