News

US - The California Public Employees' Retirement System (CalPERS) has invested a further $350m (€239m) to its emerging managers programme through direct and fund of fund allocations.

NETHERLANDS - Dutch pension funds received income of €19.6bn from their marketable investments in the first three quarters of 2007, according to De Nederlandsche Bank (DNB).

PROMINENT fund manager and leading proponent of corporate governance Alastair Ross Goobey has died aged 62.

THE International Organisation of Pension Supervisors (IOPS) has released a set of guidelines relating to the risk management of alternative investments by pension funds.

AUSTRALIA - The introduction of superannuation changes last year have mostly benefited those on average or higher incomes, a report from accounting body CPA Australia has revealed.

AUSTRALIA - The government has announced plans to slash lengthy, complex and unreadable disclosure documentation to cut red tape for business, investors and consumers.

NZ - Auckland International Airport (AIA), which is urging shareholders to reject a partial takeover bid by the Canadian Pension Plan Investment Board (CPPIB), has announced discussions with another potential bidder have ended without an offer.

THE Carbon Disclosure Project has asked 3000 firms to disclose greenhouse gas emissions and report on their strategy for dealing with climate change.

NEARLY three quarters of pension trustees would be concerned if their scheme's sponsoring employer were to be taken over by a private equity firm, research shows.

UK - Lane Clark & Peacock (LCP) has called on private companies and charities to take part in the government consultation on the Local Government Pension Scheme (LGPS).