International

Canada Pension Plan reports 1.8% return for quarter

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Canada Pension Plan returned a net 1.8% in the quarter ended June 30, helping to increase its total assets to C$326.5 billion.
Quebec's Caisse reports 5% return for first half of 2017

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Caisse de Depot et Placement du Quebec returned a net 5% on investments in the first six months of 2017, above its 4.8% custom benchmark.
Commentary: Pensions regulation and the U.S.-U.K. special relationship

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The U.S. once led in pension reform, but the nation's growing retirement woes cry out for immediate fixes. Who will answer the call?
J.P. Morgan says it will absorb research costs

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J.P. Morgan Asset Management is the latest money manager to announce it will not pass on research costs when new European rules come into play.
Manulife cites 'challenging' businesses amid spinoff talk

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Manulife acknowledged it has poorly performing books of business amid speculation that the company is seeking to exit its John Hancock operation.

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Curt Custard was named chief investment officer at Newton Investment Management as of a new management structure.
M&G Investments to merge with Prudential insurance business

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Prudential PLC plans to merge its money management business M&G Investments with life insurance business Prudential U.K. & Europe.

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Jeremy Hall was named investment director for global equities at Nikko Asset Management.
U.K. bulk annuity deals accelerate in first half 2017

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The value of liabilities insured through U.K. bulk annuity deals in the first half of 2017 totaled 5.1 billion ($6.6 billion), up 88% vs. last year.
Energy firm SSE enters into 2 buy-ins, longevity swap

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SSE PLC, Perth, Scotland, completed two buy-ins and a longevity swap to hedge 1.15 billion in longevity risk.

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Three Danish pension funds and AP Moller Capital committed a total $550 million to a new Africa-focused infrastructure fund.
DOL wants 18-month delay on rest of fiduciary rule

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The Department of Labor is proposing to extend the Jan. 1 applicability date for the remaining portions of the fiduciary rule.
Mizuho Capital Markets enters into buyout for DB portion of hybrid plan

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Mizuho Capital Markets U.K. insured 10 million in pension liabilities of its 25 million U.K. hybrid plan via a buyout.
Blackstone, GIC, MassMutual acquire remaining 33% stake in Rothesay Life

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Blackstone Group, GIC and MassMutual have each acquired further stakes in U.K. pension buyout firm Rothesay Life.
Oxford University endowment returns 16.4% in 2016

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Oxford Endowment Fund returned 16.4% over the year ended Dec. 31, bolstering assets to 2.34 billion.