News

US - The Ohio Public Employees Retirement System (OPERS) has received a recommendation to allocate 5% to private equity in its healthcare fund.

SINGAPORE- Janus Capital Group Inc has opened an office in Singapore to target the institutional and wealth management markets in South East Asia.

The Assets Recovery Agency has taken the unprecedented step of freezing pension scheme assets worth more than £300,000 as part of a VAT fraud trial.

UK - The trustees of J Sainsbury plc's pension scheme are to be approached "imminently" by Delta Two, the Qatari-backed investment group which has been in talks with the retail company.

US - Major pension funds and state treasury departments have joined F&C to petition the Securities Exchange Commission (SEC) about companies' attitudes to climate change.

UK - The number of pension funds seeking buyout quotations has risen dramatically over the first half of 2007, claim new figures by Aon.

Bank chief under fire over crisis flip-flop; Sainsbury's to open books for Delta Two; Imminent bid for Northern Rock unlikely; Standard Life admits interest in Resolution; Absolute Capital takes hit after freezing cash

GLOBAL - Analysts have claimed that the 0.50% cut in policy interest rates by the Federal Reserve may prove to be a double-edged sword for pension funds.

Fidelity has launched a new bond fund designed to minimise interest rate risk for defined contribution fund members approaching retirement.

US - The results of a new study have found that investments by the California Public Employees' Retirement System (CalPERS) generated US$15.1bn in Californian economic activity during 2006.