News

NETHERLANDS - The €215bn (US$339.5bn) ABP fund has acquired classical music publishing and rights group Boosey & Hawkes for £126m (US$248.6m).

Brown Advisory has launched a US equity smaller companies fund targeted at UK pension schemes.

DENMARK - The €51bn (US$) ATP fund has announced a radical investment strategy which it says would allow scheme members to benefit from higher guaranteed pensions without increased risk.

AUSTRALIA - Three timber industry superannuation funds are to merge bringing total assets to AUS$1.5bn (US$1.3bn).

Moves to protect pensions after buy-outs; Pension Corp deal tackles Telent concerns; Pension Corp deal tackles Telent concerns

PENSION Corporation has signed an agreement with the Pensions Regulator to allay its concerns over the governance of the Telent Pension Scheme.

UK - Hedge funds will have to comply with best practice standards to win institutional mandates over the next three years, according to a KMPG survey of the country's largest pension funds.

US - The Teachers' Retirement System of the State of Illinois (TRS) has increased its separate account real estate mandates.

THE government is set to increase powers requiring employers to provide contributions to a pension scheme if their actions could threaten the security of members' pensions.

US - The Treasury of South Carolina has blasted a statement by the state's governor about the health of the state retirement system as "misleading, irresponsible and show[ing] a lack of understanding".