News

US - CalPERS has appointed three advisers to its absolute return strategy: Pacific Alternative Asset Management Company, 47°N Capital Management and The Rock Creek Group.

AUSTRALIA - Aberdeen Asset Management has agreed to acquire Deutsche Australia's failing Australian fund management businesses (the "Australian Target Businesses") for A$148m (£61m).

DENMARK - Janus subsidiary INTECH has been awarded a US$330m enhanced equity mandate from Pensionskassernes Administration, Denmark's largest administrator for occupational pension funds.

AUSTRALIA - The Association of Superannuation Funds of Australia (ASFA) has produced a best practice paper on death benefits to try and help trustees sort out members' superannuation death benefits.

USING technology to educate members should be a top priority for employers and trustees, Higham Dunnett Shaw claims.

GREECE - The Greek bond overpricing scandal has made its way into parliament sparking furious debate between the two main parties.

CONNAUGHT Asset Management has launched two funds focussing on strategic land investment.

UK - Trustees from Sainsbury's pension fund have quoted estimates that fund deficits could be as high as £3bn, whilst competition hots up for the supermarket giant's imminent sale to private equity investors.

ABERDEEN Asset Management has bought Deutsche Bank's Australian fund management business for £61m.

STANDARD & Poor's Fund Services has issued a warning over some of the risks of direct investment in hedge funds.