News

HENDERSON Global Investors has confirmed plans to launch into the Asia Pacific property market at the end of this year.

US - The California State Teachers' Retirement Fund (CalSTRS) has reportedly issued a stark warning to trustees: be prepared for the possibility of challenging times in 2007- 08.

NETHERLANDS - Cordares chairman, Joep Schouten, has reportedly argued the internal supervision required under new Dutch pension fund governance rules could be perceived as misleading.

THE CROSS-PARTY amendment to the Pensions Bill which would create a "lifeboat fund" to boost payments from the Financial Assistance Scheme has been vigorously opposed by the government ahead of today's Commons vote.

INCLUDING: IRELAND - BIAM appointment; AUSTRALIA - New boutique manager; NETHERLANDS - Fortis supported by institutions; UK - Ministers oppose pensions proposal

UK - The £3bn (€4.5bn) Northern Ireland Local Government Officers' Superannuation Committee (NILGOSC) has launched a search for two unconstrained or high alpha managers.

THE LONDON Metropolitan Archives has recruited Katy Holman as project archivist for The Pensions Archive Trust.

FRANCE - The €31.3bn Fonds de Reserve pour les Retraites (FRR) has launched a search for two managers covering active US small cap equity portfolios, which are each worth €250m (US$344.4m).

SWITZERLAND - Partners Group, a global alternatives asset manager, has decided to expand its strength in the Asian market by cooperating with Sumitomo Mitsui Asset Management (SMAM) in Japan.

US - The Public Employee Retirement System of Idaho (PERSI) has smashed its own records for the past two decades by delivering a 20% annual return.