News

SWEDEN - The third and fourth AP funds have confirmed their commitment to responsible investing by sponsoring a survey focused on the human rights awareness of Swedish companies.

LEGAL & GENERAL has made a £62m takeover bid for self-invested personal pension provider Suffolk Life.

UK - For every pension fund there seems to be a buyout solution, but things become interesting when investment giants such as Goldman Sachs (GS) get involved.

NETHERLANDS - Pension funds in the Netherlands are repositioning their risk budgets as they increasingly come to the conclusion that classical asset managers will struggle to beat their benchmark.

US - Activist shareholder body, Change to Win (CtW) Investment Group, has attacked the directors of several major US banks, including Morgan Stanley, for alleged failings in risk oversight, which it says led to massive sub-prime losses.

US- Duff Capital Advisors (DCA) has entered the US pension fund buyout market, targeting underfunded small to mid-sized pension plans without adequate in-house management expertise.

NORWAY - Norway's Government Pension Fund - Global has restructured its equity and fixed income units, following poor performance in 2007.

AUSTRALASIA - Russell Investment Group's merger of its institutional and retail advisory units in Australia and New Zealand is motivated by a convergence in both spheres and signals a more "holistic" approach to servicing clients, according to Chris Corneil,...

Should the Pension Protection Fund take investment strategies into account when calculating risk-based levies?

INCLUDING: GLOBAL - Investor confidence rises; UK - Northern Trust hire; GLOBAL - Freshfields adds to team; AUSTRALIA - SSgA boosts product engineering