Asia

GLOBAL - The majority of institutional investors around the world will not renew commitments to existing private equity managers in 2010, a survey by Coller Capital revealed.

JAPAN - The Government Pension Investment Fund of Japan (GPIF) posted returns of 1.06% in the quarter ended September 30, down from 3.89% the previous quarter.

GLOBAL - Pension industry experts predict the fiduciary management model will spread deeper into Europe and other parts of the world, and expand its reach beyond DB plans to the likes of insurance companies and DC plans.

JAPAN - Japan Airlines Corp. President Haruka Nishimatsu proposed cutting retiree pensions by 30% to help return the carrier to profit, Bloomberg News reported.

GLOBAL - Lane Clark & Peacock LLP (LCP) has partnered with Spanish consultant Novaster, in a bid to expand its reach in Spain and Latin America.

SOUTH KOREA/UK - South Korea's National Pension Service has agreed to buy HSBC Holdings' London headquarters for £772.5m (US$1.3bn) in cash.

JAPAN - Japan Airlines Corp., seeking its fourth state bailout since 2001, rose the most in the almost two weeks after the government said a state bank will provide a loan and that laws may be introduced to make it easier to cut pensions, Bloomberg News...

JAPAN - Mizuho Trust & Banking has broken into the top three largest asset managers in Japan, displacing State Street Global Advisors Japan (SSgA), a quarterly report by the Japan Pensions Industry Database showed.

GLOBAL - The International Accounting Standards Board (IASB) today voted to not move forward with plans to eliminate the use of government bonds to determine discount rates.

ASIA - Asian institutional investors have been questioning the use of external managers in their US$5trn pots after their internal portfolios largely outperformed those of outside managers over the past year.