News

Including: US - Yahoo! shareholders amend class action; UK - Aberdeen acquires Goodman Property Investors; US - Citi and StateStreet sell CitiStreet; ITALY - Parmalat settles with Hermes; US - CalPERS CEO sets retirement date; UK - Xafinity wins YMCA...

UK - The Strathclyde Pension Fund will be reviewing all its investment managers this year to make sure their strategies are in line with its socially responsible guidelines.

ABERDEEN Asset Management has bought Goodman Property Investors in a deal worth up to £109m.

PIMCO has launched two credit funds for institutional investors in a bid to capitalise on turmoil in bond markets.

US - Mercer has called on the Financial Accounting Standards Board (FASB) to delay the introduction of changes to pension fund reporting and disclosure requirements.

Pension funds and institutions are being urged by campaigners to divest from FTSE 100 mining company, Vedanta, as it plans to mine a tribal area of India.

MEXICO - Pension reform and a strong economy could see an annual inflow of up to US$10bn of domestic institutional money into the Mexican stock exchange, creating opportunities for global investors.

GLOBAL - Credit Suisse has lost its entire European transition management team following a major restructuring which will see execution of deals shifted to New York.

AROUND 90pc of defined contribution members opt for ineffective default funds, Watson Wyatt says.

UK - Oxfordshire County Council has reappointed BNY Mellon as custodians of its £1.02bn (US$2bn) pension fund.