News

UK - Dorset County Council pension fund has invited applications for a manager to run an active currency mandate. The fund has allocated £35m, representing 2% of the portfolio, for the allocation.

Including: UK - Henderson launches high alpha UK equities fund; UK - IMA annual survey; CANADA - Brookfield Asset Management plans spin-off; US - Higher tax on PE could hurt pension funds; GLOBAL - New fund launched to offset long only volatility

US - Iowa Peace Officers Retirement System has adopted the Dow Jones Wilshire Index Family, to benchmark its equity investment portfolio and monitor fund managers.

Court finds against broker in landmark judgment; Lloyds lifts dividend as it agrees to sell Abbey Life; Standard Life policyholders are promised slice of £1.3bn orphan funds; US markets slide further as mortgage lender stops loans

CHINA / GERMANY - Harvest Fund Management Co Ltd, a Deutsche Bank AG fund joint venture, has reportedly won approval to invest overseas under China's Qualified Domestic Institutional Investor (QDII) programme.

INCLUDING: NIGERIA - Pension assets hit US$4.8bn; UK - Waltham Forest shakes up management; GLOBAL - Watson Wyatt releases its managerial performance; EUROPE - International Asset Management in CEO appointment.

PRINCIPAL Global Investors has moved its European headquarters to London as part of its ongoing expansion programme.

THE Pensions Advisory Service is looking to expand its role to work more closely with trustees and employers, the new chairman had said.

UK - Three times more pension schemes are using derivatives to hedge their liabilities compared to last year, found a survey by Mercer Human Resource Consulting and the Association of Corporate Treasurers.

TWO more council pension schemes have joined the Local Authority Pension Fund Forum - taking its membership to 42 funds.