News

The Brooks Service Group pension scheme has transferred into the Pension Protection Fund bringing the total number of schemes to 100.

The value of Irish pension scheme assets fell by 23% in 2008 wiping off €20bn from fund values, the Irish Association of Pension Funds annual survey has revealed.

US â€" The California State Teachers’ Retirement System (CalSTRS) said its portfolio fell by 26.2% in the year ending 31 December â€" underperforming its custom benchmark by 70 basis points.

AUSTRALIA - Superannuation reports will make long-term returns much more prominent on statements in order to highlight the long term nature of the investments.

US - A participant of Exxon Mobil's 401 (k) has filed a lawsuit against Northern Trust Investments and its parent Northern Trust Company over alleged losses related to securities lending.

UK - Hermes has appointed Bridgepoint to take on the management of Hermes Private Equity's £550m (US$787m) direct investment private equity portfolio.

US- The Massachusetts State Senate unanimously passed a pension reform bill containing a number of the proposals put forward by governor Deval Patrick two weeks ago.

US - The heads of Goldman Sachs Asset Management's quantitative investment strategies (QIS) team - responsible for the firm's famed Global Alpha hedge fund - have resigned.

Hermes has appointed Bridgepoint to take on the management of Hermes Private Equity's £550m direct investment private equity portfolio.

Mercer has appointed Mike Williams as a principal and head of change management in its outsourcing business.