News

STATE Street Global Advisors is set to launch a range of diversified growth strategies in a bid to provide a default option for defined contribution schemes.

US - The Public Employee Retirement System of Idaho (PERSI) lost almost US$19m in January, contributing to an overall loss of $181m for the fiscal year to date.

NEDGROUP Investments has launched a fund of hedge funds for institutional investors in a bid to provide access to investments uncorrelated to equity markets.

AVIVA is set to combine its asset management businesses into one globally integrated firm - Aviva Investors - from September.

UK - Leeds University is looking for an investment manager to oversee an £80m (158.7m) UK and overseas equity mandate.

US - The US$35bn Pennsylvania State Employees Retirement System (SERS) posted a 17.2% return on investments for 2007, almost double the average return for the nation's largest pension plans.

FRANCE - Almost two million people have signed up for the common retirement savings plan Plan d'épargne retraite populaire (PERP), according to the latest figures released by the French government.

GLOBAL - Aviva has revealed plans to combine its asset management businesses to create a globally integrated group to be known as Aviva Investors.

Poor governance reduces profits, says ABI; UK faces 'real risk of high inflation'; Private equity pioneer says 'golden age' will return

UK - The Government has moved to protect the PPF from private sector competition, by refusing to allow potential BrightonRock clients to escape the PPF levy.