News

GLOBAL - Worthwhile investment opportunities for pension funds in certain high quality mortgage backed securities (MBS) products could be being overlooked due to investor aversion to sub-prime MBS, experts have claimed.

AUSTRALIA - Credit Suisse Asset Management Australia is partnering with Julius Baer Investment Management (JBIM) in the US to provide clients direct and exclusive access to JBIM's global equity products.

US - Indianapolis Mayor Greg Ballard has urged the state to take over the city's police and fire pension obligations, as a way to deal with the impacts of legislation to cap property taxes.

UK - The House of Commons has appointed pensions services company rpmi to provide third party administration services to the trustees of the Parliamentary Contributory Pension Fund (PCPF).

SELF-INVESTED personal pension provider James Hay has been awarded a five star rating by Defaqto for two of its SIPP products.

UK -The £1.5bn (US$2.9bn) Durham County Council pension fund has today announced a radical shake-up of its asset allocations, with six new mandates going live across a range of asset classes, designed to increase returns and reduce contribution rates....

US - The US$174bn California State Teachers' Retirement System (CalSTRS) has selected four investment managers to oversee the construction of a fund of funds for the scheme's $1.8bn US Equities Developing Manager Program.

AUSTRALIA - The world's leading institutional investors, including six pension funds, have been used as a model to develop best practices for all funds.

While volatile trading conditions have generated money-making opportunities for pension funds in securities lending programmes, Rachel Alembakis discovers the cash reinvestment component of these programmes could be putting funds at risk

As the Netherland's biggest pension fund looks to follow PGGM in splitting its administration and asset management from its pension fund, Keren Holland talks to ABP director Olaf Sleijpen