International

Asset owners to push for better alignment, value

Asset owners, which have long been relatively passive players in a financial system dominated by banks and money managers, are poised to play a more active role in shaping that system, predicts David ...

October 27, 2014
Future Fund goes heavy on currency exposure

Future Fund goes heavy on currency exposure

Australia's Future Fund has boosted the foreign currency exposure of its A$104.5 billion (US$91.5 billion) portfolio to record levels to preserve flexibility and boost resilience to liquidity shocks.

October 27, 2014
Ontario Teachers aims to clean up with new investment

Ontario Teachers aims to clean up with new investment

The C$140.8 billion (US$125.5 billion) pension fund acquired a 30% stake in CSC ServiceWorks, Plainview, N.Y., which leases coin-operated laundry machines and gas station tire pumps throughout North...

October 27, 2014

Lofty ambitions require sharp teeth for PRI

In order to continue the fight toward a sustainable future, the United Nations-supported Principles for Responsible Investment must grow sharper teeth, its leadership maintains.

October 27, 2014
Clock ticking for managers in changing U.K. defined contribution market

Clock ticking for managers in changing U.K. defined contribution market

Global money managers operating in the U.K.'s defined contribution market are running out of time to get their strategies in line for a world where savers have more freedom than ever before.

October 27, 2014

Hawaii Employees OKs real estate, infrastructure commitments

Hawaii Employees' Retirement System, Honolulu, approved $105 million total in real estate commitments and a $50 million infrastructure commitment, said Vijoy Chattergy, chief investment officer.

October 24, 2014 | 10:14 am

Amundi acquires asset management arm of Austrian bank Bawag PSK

Amundi has acquired Bawag PSK Invest, the asset management subsidiary of Austrian bank Bawag PSK, said Amundi spokeswoman Natacha Sharp.

October 24, 2014 | 02:35 pm
Irving pension fund sues Tesco for fraud

Irving pension fund sues Tesco for fraud

Tesco PLC and its directors misled investors about its financial health, according to a Texas pension fund that sued the U.K.’s biggest retailer just as it’s facing an onslaught from...

October 24, 2014 | 02:24 pm
Canadian pension funds return 1.1% in quarter on foreign currency gains

Canadian pension funds return 1.1% in quarter on foreign currency gains

Canadian defined benefit plans in the RBC Investor & Treasury Services universe returned 1.1% in the third quarter and 8.6% for the first nine months of 2014.

October 23, 2014 | 03:30 pm

Education firm RM enters into pension buy-in with PIC

RM PLC, Abingdon, England, agreed to a buy-in with Pension Insurance Corp. to insure 13% of the liabilities of the company's defined benefit plan.

October 23, 2014 | 02:21 pm

China Investment Corp. chief tapped as chairman of investment bank CICC

Ding Xuedong, the chairman and CEO of sovereign wealth fund China Investment Corporation, was appointed chairman of Beijing-based investment bank China International Capital Corporation Limited and a ...

October 23, 2014 | 05:44 am
Amundi Smith Breeden going global after merger

Amundi Smith Breeden going global after merger

Amundi Smith Breeden LLC has been in growth mode in the year since its creation from the acquisition by Paris-based Amundi of U.S. fixed-income specialist Smith Breeden Associates.

October 23, 2014 | 09:56 am

BT loses battle at top EU court to block pension aid repayment

BT Group PLC, the U.K.'s former phone monopoly, and its pension fund lost their bid to overturn a European Union order forcing the repayment of as much as £16.6 million ($26.6 million) in...

October 22, 2014 | 11:16 am

Unilever enters into buy-in with Legal & General on expatriate fund

Uniac Pension Fund agreed to a buy-in with Legal & General Group to insure £129 million ($208.5 million) of liabilities.

October 21, 2014 | 02:59 pm
Panasonic completes pension fund buyout for U.K. unit

Panasonic completes pension fund buyout for U.K. unit

Panasonic Systems Networks Co. U.K. Ltd. Pension and Life Assurance Scheme completed a buyout with Rothesay Life.

October 21, 2014 | 12:19 pm