News

US - C Change Investments, founded by former California Public Employees' Retirement System (CalPERS) chief investment officer Russell Read, has appointed State Street to provide it with fund administration services.

US - General Motors Asset Management has re-branded itself as Promark Global Advisors.

CANADA - The CAN$120bn (US$94.7bn) Caisse de dépôt et placement du Québec has appointed former Bell Canada Enterprises (BCE) chief executive Michael Sabia as its new president and CEO.

UK / US - Barclays is in talks with a US-based private equity firm over the sale of its iShares exchange traded fund business, Global Pensions has learned.

NORWAY - The ministry of finance has decided to place Siemens under observation following allegations of corruption.

The latest edition of the Pensions Review sees Terry Faulkner of Goldman Sachs and Hewitt's John Belg...

SWEDEN - Senior executives at pension manager AMF have given back their bonuses after a local paper reported the firm gave out over SEK1m (US$118,473).

About 10% of occupational pension schemes have concerns about the value for money their investment consultant provides, National Association of Pension Funds research reveals.

Two-thirds of companies are concerned about the consequences of auto-enrolment on their business, a PricewaterhouseCoopers survey shows.

Trustees and sponsors must take steps to amend scheme rules ahead of the introduction of the upper accrual limit on April 6, a lawyer says.