News
US
US - The Treasury Department has provided limited details of its temporary guarantee programme for money market funds, announced last Friday.
22 September 2008
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Iceland
ICELAND - The ISK61bn (US$681m) Festa lífeyrissjóður has appointed Optima Fund Management to run a new hedge fund investment worth €5m (US$7.3m), according to MandateWire.
22 September 2008
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Denmark
DENMARK - The DKK30bn (US$5.86bn) Danish corporate pension fund AP Pension has made a further DKK400m investment in an undisclosed credit fund after the scheme allocated circa DKK230m (GBP25m) to the asset class at the end of last year, MandateWire reports....
22 September 2008
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Global
INCLUDING: UK - Lehman applies for PPF bailout; UK - Paternoster secures pensions for TI Group; GLOBAL - Companies request clarity on climate change regulation; UK- Dundee Uni appoints Xafinity
22 September 2008
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United Kingdom
UK - Defined benefit (DB) schemes ended last week with a £33bn (US$60.8bn) surplus but remain volatile, Watson Wyatt has said.
22 September 2008
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Investment
The £1.5bn Environment Agency Pension Fund has invested £24m in Robeco's clean technology private equity fund.
19 September 2008
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Investment
Putnam Investments has closed its $12bn (£6.6bn) prime money market fund as a consequence of "marketwide liquidity issues".
19 September 2008
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Regulation
Better communication between trustees, sponsoring employers and members of defined contribution schemes can give a significant boost to financial outcomes, The Pensions Regulator says.
19 September 2008
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Mandates
The £550m London Borough of Croydon Pension Fund has gone out to tender for four mandates in a restructure of its portfolio.
19 September 2008
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Press
L&G aims to cap pension liabilities; Crunch hits pensions savings; City watchdog bans short-selling of banks; BlueBay optimistic after fund inflows weather turmoil; Barclays plans share issue to shore up Lehman bid
19 September 2008
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