News

US -The California Public Employees' Retirement System (CalPERS) has begun its search for a senior portfolio manager to lead the fund's corporate governance efforts.

SWEDEN - The SEK33bn (US$4.7bn) Kåpan Pensioner has moved inline with the new investment policy it decided last year and increased its allocation to alternative investments.

Lehman exposes faults in credit default swaps; Financial Crisis: How safe are your pensions and investments?; Darling in talks with banks as RBS tops list of stock market casualties; Early London rally wiped out; Treasury may take £50bn stake to shore...

NETHERLANDS - The threat of interest rate risk for Dutch pension funds has become the single most important risk driver when managing assets in a portfolio, a key industry spokesman has claimed.

UK - With the UK economy now in recession and the downturn getting worse, saving into company pensions has become less of a priority for individuals, according to Towers Perrin.

Aon Consulting has appointed two directors to its pension administration team as the business expands.

The Enhanced Analytics Initiative and Principles for Responsible Investment are to join forces to take the call for better investment research global.

Annuities have been unaffected by the global meltdown of the financial markets with some providers slightly lifting level rates, Alexander Forbes says.

AMERICAN CENTURY INVESTMENTS has launched its international business and opened a London sales office in a bid to target UK and European institutional business.

Pensions stop lending stock amid short selling debate; Responsibility gains weight; Sustainable investing reaps rewards; Time to bury hedge fund label; Cross-border vehicles not going anywhere