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Amundi acquires asset management arm of Austrian bank Bawag PSK
trueAmundi has acquired Bawag PSK Invest, the asset management subsidiary of Austrian bank Bawag PSK, said Amundi spokeswoman Natacha Sharp.
Irving pension fund sues Tesco for fraud
trueTesco 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 rival European companies.
Hawaii Employees OKs real estate, infrastructure commitments
trueHawaii Employees' Retirement System, Honolulu, approved $105 million total in real estate commitments and a $50 million infrastructure commitment, said Vijoy Chattergy, chief investment officer.
Canadian pension funds return 1.1% in quarter on foreign currency gains
trueCanadian 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.
Amundi Smith Breeden going global after merger
trueAmundi 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.
China Investment Corp. chief tapped as chairman of investment bank CICC
trueDing 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 member of the company's board of directors, a CICC news release Thursday said.
BT loses battle at top EU court to block pension aid repayment
trueBT 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 exemptions from pension rules.
Danish pension funds now required to report hedge fund use
trueDenmark's Financial Supervisory Authority will require pension funds to submit quarterly reports on their alternative investments to track their use of hedge funds, exposure to private equity and infrastructure projects. The decision follows pension funds' failures to account adequately for risks ...
NZ Super Fund ends quarter up 1.1% at NZ$26.7 billion
trueNew Zealand Superannuation Fund, Auckland, posted a 1.1% gain for the quarter ended Sept. 30, after paying taxes owed to the New Zealand government, lifting the value of its investment portfolio to NZ$26.7 billion (US$21.4 billion).
San Jose Police & Fire moves away from international small cap
trueSan Jose (Calif.) Police & Fire Department Retirement Plan approved transferring $245 million to a different Northern Trust Asset Management passive strategy to reduce the plan’s exposure to international small-cap equity and increase exposure to international large-cap equity.
France's FRR seeks currency overlay manager
trueFonds de Reserve pour les Retraites, Paris, is looking for a currency overlay manager to run an undisclosed amount, said an announcement on the pension fund’s website.
Northern Trust names head of new representative office in Seoul
trueByun Jai Yung was appointed chief representative of Northern Trust’s newly opened representative office in Seoul.
AP2 to divest from coal, oil and gas companies
trueAP2, Gothenburg, Sweden, is to divest from coal and oil and gas production companies to reduce its financial risk in fossil-fuel-based energy, said a spokeswoman.
Florida SBA sells private equity stakes to Partners Group
trueFlorida State Board of Administration, Tallahassee, sold its stakes in eight limited partnerships in which it invested a combined €314.8 million ($401.5 million) in European private equity, John Kuczwanski, FSBA communications manager, said in an e-mailed response to questions.
EIOPA chairman calls for more governance, transparency
trueA simpler set of products from the pensions industry could lead to less stringent regulation, said Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority.