SWEDEN - The first and third AP funds achieved 4.6% and 5% annual investment returns in 2007 respectively, despite recent market turbulence.
M&B suitors discuss gag deal; Barclays mulls US investment banking expansion; Credit Suisse suspends staff after asset writedown; Alliance & Leicester posts one-third drop in profits
US - Institutional plans managed positive returns for 2007, despite negative results in Q4, according to a Mercer report.
GLOBAL - Investor confidence rose 3.5 points last month to a global average of 73.0, according to the State Street Global Investor Confidence Index.
US - The City and County of San Francisco Employees' Retirement System (SFERS) is seeking an alternative investment consultant.
UK - The London Borough of Lewisham pension fund is looking for a global equities and fund of hedge funds manager following a portfolio shake up.
CHANGES in the corporate bond index have caused a ‘considerable but artificial' improvement of around £12bn in the way pension schemes look in FTSE 100 accounts.
AP Information Services has been sold to Waterlow Law & Regulatory for an undisclosed sum.
AUSTRALIA - The promoter of a superannuation rollover scheme has appeared in the Brisbane Magistrates Court.
CANADA - The union oversight committee of Canada's Prince Edward Island (PEI) government employee pension fund has been reduced from three members to one by the province's government.