Global Pensions | 27 Aug 2010
IRELAND/US - State Street, the world's second-biggest money manager for institutions, is in talks to purchase Bank of Ireland's asset-management business, according to three people familiar with the matter.
GLOBAL – Strategic and tactical asset allocation decisions are converging into “a more holistic process” as investors refine their risk management post-crisis, State Street says.
GLOBAL – Low liquidity levels in the fixed income markets have led investment grade and high yield exchange traded funds to rack up higher-than-expected tracking errors and lower performance, asset manager Robeco said.
GLOBAL - BlackRock has reported a US$213.3bn loss in assets under management in Q2, blaming sharp falls in equity markets and costs related to its acquisition of BGI.
GLOBAL - State Street Global Advisors (SSgA) has discontinued its securities lending programme across a range of funds "in the best interests" of its shareholders.
Joseph C Antonellis, vice chairman of State Street Corporation, looks at the shift to defined benefit pensions
AUSTRALIA – Superannuation fund QSuper hired State Street Global Advisors (SSgA) to run A$10bn (US$8.5bn) in passive strategies that will provide pre-tax returns that match their respective benchmarks, SSgA said.
UK/GLOBAL – Strategy diversification is key to developing a currency portfolio that offers downside protection, currency experts said.
US – State Street Global Advisors has named Kristi Mitchem, former head of BlackRock’s US defined contribution business, its new global head of DC, SSgA announced today.
US – State Street Global Advisors has named Alistair Lowe as its new global equity chief investment officer replacing Arlene Rockefeller who is retiring after nearly three decades at the firm.
The pensions industry in Australia eagerly awaits the publication of the Cooper Review. Rachel Alembakis looks at the potential consequences
The Australian contribution rate is set to increase by three percentage points, translating into A$500bn of new flows. Rachel Alembakis talks to experts about the pressure to invest those assets locally and their potential impact on post-retirement products
GLOBAL – Private equity funds managed to post positive returns of 15% for 2009 despite a slow start to the year, data from State Street revealed.
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