News

SCHRODERS has seen net institutional outflows of £2.9bn over the last three months as it focuses on higher margin business, its latest trading update says.

THE NATIONAL Association of Pension Funds has appointed David McCourt as a investment and governance policy adviser.

SWITZERLAND - Investment bank UBS posted a third quarter loss of CHF726m (US$624m) but said that the group as a whole should return to profitability in the fourth quarter of 2007.

REVISED regulations governing how trustees should deal with scheme disputes have been put out for consultation by the department for work and pensions.

GOVERNANCE specialist eShare has launched a new adviser package to help schemes comply with trustee knowledge and understanding requirements.

Hedge funds too ‘complacent' over market abuse, warns FSA; Panel raps Standard over bid; Workers not saving; Gender gap in pensions grows wider

CANADA - The nation's pension funds were the successful exception to the global rule, according to the country's finance minister, despite company sponsored plan membership falling 10% in two years.

US - The California Public Employees Retirement System (CalPERS) has denied media reports its real estate portfolio has struggled with the sub-prime crisis.

HINDE Capital has teamed up with Laven Patners to launch what it claims is the world's first dedicated gold hedge fund.

AUSTRALIA - State Street Corporation is to provide investment operations for Credit Suisse's Asset Management business.