News
US
US - Institutional investors have started making fundamental changes to their fixed income strategies, including staffing up in-house capabilities to research the asset class, according to Greenwich Associates.
22 July 2008
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US
GLOBAL - The trustees of the International Accounting Standards Committee (IASC) Foundation have issued proposals to create a monitoring group and expand IASB geographical membership to improve transparency and diversity.
22 July 2008
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Canada
CANADA - The CAN$39bn (US$38.8bn) Public Sector Pensions Investment Board (PSP Investments) posted a $450m write down as a result of collateralised debt obligations (CDOs), according to its annual report.
22 July 2008
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Australia
AUSTRALIA - Super funds must diversify away from equities and towards other assets to protect themselves against 'shocks' brought on by a lack of diversification, a report from Russell has recommended.
22 July 2008
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US
US - New York Life Retirement Plan Services (NYL) has launched bundled pension services for defined benefit (DB) union pension plans.
22 July 2008
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United Kingdom
UK - The Pensions Regulator's (TPR) announcement it will not backdate its stance on longevity and scheme funding has received a cautious welcome from the industry.
22 July 2008
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Hedge Funds
NEDGROUP Investments has announced its premium portfolio fund has raised around $35m (£17.5m) from institutional investors since its launch in February.
22 July 2008
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United Kingdom
UK - Newsquest Media Group pension scheme has allocated 10% of its market value to two funds of hedge funds, in a quest for diversification of assets and superior risk adjusted returns.
22 July 2008
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Press
Call for Equitable Life payouts to avert fall in confidence; HBOS underwriters hit with £100m paper loss; Aegon sets pace in deal to free capital; Unemployed will have to work in benefits shake-up
22 July 2008
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Netherlands
NETHERLANDS - The Will Niemeijer Pension Fund has appointed ING/AZL to a fiduciary contract.
22 July 2008
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