IMF warns Austrian pensions sector requires attention

AUSTRIA – The International Monetary Fund has warned that the Austrian pensions sector requires attention amid the economic downturn, which could involve potential reform of the pension framework.

Hewitt buys remaining stake in BodeHewitt

GERMANY – Hewitt Associates has bought the remaining stake in joint venture BodeHewitt from Bayerische Hypo- und Vereinsbank AG (HVB), the firm announced today.

UKIPC brands GIPS updates ‘too prescriptive’

UK – Proposed updates to global investment performance standards are too prescriptive and fail to recognise attempts to converge accounting practice, the UK Investment Performance Committee warned.

South Korea turns to pension to create $3.9bn investment fund

Credit Suisse bolsters team to re-establish its TM offering

PCG returns $2m to CRF

Consultants and national authorities new targets for Madoff losses

EC taps Hewitt for pan-European feasibility study

Institutional investors place $76.2bn into private equity

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NY State sheds Iran, Sudan holdings

Punter Southall to outsource admin software support to ITM

MSCI FX hedging indices allow pension funds to manage currency risk

SEC issues State Street warning on coming charges

USS to hire 25 hedge funds as part of alternative investment programme

Interviews

The wind of change

Raquel Pichardo-Allison speaks to Joe Dear, who became the chief investment officer at the US$179bn California Public Employees Retirement System (CalPERS) this year

Looking to a brighter future

German investors appear to have weathered the global crisis. Sebastian Cheek investigates how pension funds are positioned for the upturn

Planning ahead

Sebastian Cheek talks to Hans-Wilhelm Korfmacher from WPV, the Superannuation Fund for Auditors and Certified Accountants about how longevity has made the the fund reassess its investment portfolio

Watching over German pensions

Sebastian Cheek talks to Marcus Mecklenburg, senior vice president, policy and associations, BVI - the German investment fund industry association

Building a more efficient machine

Return and responsibility

Looking ahead

Multi-manager: in the line of fire

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Bigger is better

The world of currency management

Building a better safety net

Round Table

Emerging from the gloom

In its second annual roundtable on the topic, Global Pensions gathered key spokespeople in Stockholm to discuss investment in emerging markets

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