News

AUSTRIA - F&C Investments has introduced a total of 16 mutual funds investing across different asset classes into the Austrian market.

UK - Global Pensions has learnt that Pensions Corporation has entered into an exclusive deal worth £700m for a company within the UK manufacturing sector.

THE Pensions Regulator started legal proceedings against two schemes which had long outstanding levy payments.

INCLUDING: CHINA - No sell out; UK - Private equity has a conscience; US - Ohio stumbles over divestment

MORLEY has appointed two managers to its European property team in response to growing demand for the asset class.

INCLUDING: US - Hawaii record returns; GREECE - Election looms; GHANA - New pension reform soon

US - The Oklahoma Public Employees Association (OPEA) has applauded state representative Chris Benge for urging money received in a settlement from the WorldCom accounting fraud to be placed in state employee retirement systems.

AUSTRALIA - Superannuation fund, Sunsuper, has sought to boost its infrastructure holdings by reaching an agreement with Colonial First State Private Capital Limited (CFI) which could see it acquire all of CFI's shares, valued at approximately A$116 million....

PRUDENTIAL has increased its stake in its joint fund venture with CITC Group in China to almost 50pc.

INCLUDING: GLOBAL - S&P backs funds of hedge funds; UK - Threadneedle appointment; PHILLIPINES - Pension increase