News

UK - State Street Global Advisors (SSgA) has won a £165m global equity 130/30 mandate from the Asda Group Pension Fund, for Global Alpha Edge.

UK- Almost a third of pension funds (30%) reallocated over 5% of their investment portfolio during 2006 as the impact of scheme closures and increased maturity affected investment strategy, according to research by Aon Consulting.

US - Watson Wyatt will pay $110m to settle a lawsuit with the Michigan's iron workers pension fund.

ALMOST a third of pension funds reallocated over 5pc of their investment portfolio to bonds during 2006, research by Aon Consulting has revealed.

GERMANY - Henderson Global Investors has labelled initial rules governing new German REITs "unnecessarily restrictive", but welcomed the asset class's arrival in the country.

ASDA Group Pension Scheme has hired State Street Global Advisors to run a £165m "130/30" global equity mandate.

CANADA/NZ - The C$99bn (US$85bn) Ontario Teachers' Pension Plan has bought Telecom New Zealand's Yellow Pages Group for NZ$2.24m (US$1.6bn).

BALANCED pooled funds achieved a median return of 0.1pc in February 2007, latest Mellon Analytical Solutions CAPS update reveals.

UK - Local authority pension funds will oppose the remuneration report of BP at its AGM as it funds want it to link executive pay with health and safety performance.

SHAREHOLDERS can expect to see substantial falls in pension fund deficits when companies publish their year end accounts next week, Aon Consulting says.