News

Investors take record amount out of funds; Hedge funds suffer under burden of volatile markets; Cost of living rises for pensioners; Markets catch cold again as US fears persist

US - Proposals to tackle California's pension shortfall have been introduced to the California State Legislature.

HR TRUSTEES has appointed Peter Thurston as assignment director.

STANDARD & POOR'S has launched a range of indices focusing on alpha generation.

THE £1.5BN Durham Pension Fund has completed a "shake-up" of its managed mandates to reduce the cost of employer contributions.

SWITZERLAND - Delegates at the World Economic Forum (WEF) in Davos have passed judgement on sovereign wealth funds (SWFs), broadly supporting the financial vehicles but calling for regulation to stop potential abuses.

UK - The number of defined benefit (DB) schemes that remain open has stayed steady, according to latest National Association of Pension Funds (NAPF) annual survey.

US - The global benefits of the T-Charter have been highlighted at the inaugural New York Global Pensions Transition Managment Forum, along with the struggles in coming to agreement on the document.

UK - The Personal Accounts Delivery Authority (PADA) has launched a consultation on the charging structure of personal accounts.

US - Hedge fund group Capital Z Asset Management has hired CalPERS' senior investment officer Christianna Wood as its chief executive.