News

US- CalPERS has formed a risk committee to help the board evaluate portfolio-wide risk, officials at the pension fund said.

FRANCE - The French pension fund Fonds de Réserve pour les Retraites (FRR) is searching for managers to run global exposures mandates spanning various asset classes.

GLOBAL - ETF Securities is to launch 'ETF Exchange,' the first multi sponsor ETF issuance consortium, which comprises financial institutions and banks around the world.

GLOBAL - HSBC Global Asset Management is launching a Global Currency Fund aimed at institutional investors.

US- Officials at the New York State Common Retirement Fund are looking for firms to be on the receiving end of over $500m the state has allocated for in-state businesses.

US - Pension funds are considering participating to the US Treasury toxic asset purchase plan along with asset managers and investors.

UK- Aon has announced plans to cut employer contributions to its UK pension by up to half as part of its plan to tackle the recession.

EUROPE/ MIDDLE EAST- Pyramis Global Advisors aims to tap directly into the UK, European and sovereign wealth market through the heavy marketing of a suite of long/short equity strategies the firm is rolling out.

The delayed impact of corporate failures on the funding of the Pension Protection Fund masks the real danger it faces, the Society of Pensions Consultants warns.

Employers can reap cost savings from pension salary sacrifice in under a year if the employee contributions are in excess of £500,000 per year, Watson Wyatt says.