News

GLOBAL - A new report has said pension funds remain hesitant about investing in alternatives.

GREECE - JPMorgan and North Asset Management have reached an agreement with all parties affected by a structured bond debacle involving four Greek government pension funds.

EUROPE - Fitch Ratings announced it has been actively monitoring all its ratings for European money market and enhanced cash funds, focusing on exposures to less liquid instruments in the funds, in the structured and securitised credit area.

Here they are - the shortlists for Professional Pensions' inaugural Specialist and Alternative Investment Manager Awards.

Adult magazine publisher Paul Raymond is winding up its pension scheme.

INCLUDING: UK- Myners to speak at NAPF conference; UK - S&P launches new indices; UK - Aberdeen acquires Glasgow Investment Managers

US - The California Public Employees' Retirement System (CalPERS) has supported a bid to remove three directors from the board of a tax services company.

UK - An investment shake up by the Welsh Rhondda Cynon Taf local government pension scheme has reduced mandates controlled by F&C Management and Baillie Gifford Asset Management, as part of an overall diversification of the scheme's portfolio.

ERNST & YOUNG has appointed two partners to lead its new actuarial pensions practice, Professional Pensions can reveal.

US - Pension plans experienced positive results for the second quarter of 2007, but gains have been depleted by stormy market conditions in August, said a survey by Mercer Investment Consulting.