News

UK - The London Borough of Wandsworth pension fund is to tender between £475m and £750m (US$948m-$1.5bn) across four new mandates, as part of a restructuring of its portfolio.

INCLUDING: US - GEF hires India and South Asia MD; UK - Hewitt releases buyout guide; UK - SEI extends DC Master Trust

US - New York City (NYC) comptroller William Thompson has urged some of the country's largest pension funds to follow the NYC's pension funds in taking steps to create and retain affordable housing.

US - Both of California's giant retirement systems posted losses for the last fiscal year.

AUSTRALIA - Investing in the right boutiques in their early life cycle could maximise returns, a study by Russell Investment Management has found.

UK - The £1.4bn (US$2.79) Cambridgeshire County Council pension fund has awarded State Street Global Advisors (SSgA) a £140m passive equity mandate, following a reshuffle due to manager underperformance.

UK - The union Unite is to scrutinise the actions of pension fund managers to ensure private equity investments do not result in job losses or benefit cuts for its members.

PEOPLE must stop relying on property assets to fund their retirement, Friends Provident urge.

PERSONAL accounts trustees will have to tailor the national pension savings scheme's default fund to maximise returns for members, Fidelity says.

MPs call for vote on Equitable Life compensation; Private equity firms struggle to fund Informa move; Tech shares hit by economic slowdown fears