News

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.

UK - Nearly half of all UK employers with defined contribution (DC) pension schemes were considering making changes to their arrangements, according to a survey by the CBI and Watson Wyatt.

Including: UK - Changes to DC schemes; AUSTRALIA - ING strategic shake up; UK - Mercer launches LDI solution; UK - Regulator workshops; HOLLAND - Goodman appoints fund manager; UK - PIMCO strengthens remarketing team; BAHRAIN - Citi appointments; IRELAND...

US - The California Public Employees Retirement System (CalPERS) has welcomed overwhelming support for its proposal to give shareholders the right to amend the by laws of the Sara Lee Corporation.

PERMAL is set to launch an emerging markets fund of hedge funds to focus on countries along the silk road.

MERCER has launched an outsourced liability driven investment solution.

THE UK individual retail pensions market is set for further consolidation, a report by Defaqto claims.