News

US - The California Public Employees' Retirement System (CalPERS) is looking to eliminate unrewarded risk from its external equity managers, according to Christianna Wood, senior investment officer at the organisation.

EUROPE - Europe's asset management industry has experienced a year of successful growth but is struggling to control costs, according to the findings of McKinsey & Company's annual survey on the European asset management industry.

INCLUDING: UK - Personal Accounts Delivery Authority appointment; US - State Street launches international treasury bond ETF; AUSTRALIA - QIC appoints new head of equities dealing; GERMANY - Real estate venture

UK - Reports that Delta Two, the Qatari-backed investment group, have earned the support of the trustees of J Sainsbury plc's pension schemes, have been denied.

CANADA - The Ontario Teachers' Pension Plan (OTPP) has acquired Glass Lewis & Co, an investment researcher and governance services provider, for US$46m.

UK - The National Association of Pension Funds (NAPF) has cited evidence from two new surveys to urge the government to consider deregulating pension fund legislation.

THE Pensions Policy Institute has published research into the future of defined benefit pension schemes in the private sector.

INCLUDING - US - CalSTRS joins HSBC battle, JAPAN - Private pensions look further than government bonds, UK - London council slammed

AUSTRALIA - An Australian Securities Exchange-listed trust offering investors exposure to 20 international companies that are involved in the infrastructure industry and derive revenue from emerging markets, has been launched.

SELF-INVESTED personal pension provider Dentons has altered its procedures to help investors aged 75 plus transfer their savings.