Because Japan's central bank absorbs JPY7 trillion worth of debt, primary dealers of Japanese government bonds are not concerned over plans of Government Pension Investment Fund to reduce its government debt holding.
Pension funds
UK Pensions Regulator proposes new rules for diverting pension contributions
New rules set forth by the UK Pensions Regulator will enable companies to make their businesses more sustainable while still being able to give their employees their retirement benefits.
Top deals of the deay - bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Friday including Statoil, Cassa Depositi e Prestiti, ThyssenKrupp, Mercator, Avivasa Emeklilik, Hayat Sigorta, Banca Monte dei Paschi di Siena, Telus Corp, Atrium Innovations and John Hardy
Aviva, Sabanci hire banks for Turkish pension unit IPO - sources
British insurer Aviva Plc and Turkey's Sabanci Holding have mandated Citigroup and HSBC to sell between 20 and 25 percent of Turkish life and pensions joint venture Avivasa Emeklilik & Hayat Sigorta in an initial public offering, two sources told Reuters on Friday.
San Jose mayor leads in bid to ease statewide pension costs
Chuck Reed, the Mayor of San Jose, California, is leading a statewide voter initiative that aims to reduce skyrocketing costs of pension plans and retiree healthcare.
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Global Infrastructure Partners will sell its 27% stake in the Port of Brisbane to Cassie de Depot et Placement du Quebec for AUD1 billion (USD908 million). Cassie is the second-biggest pension fund in Canada.
The increasing number of new hedge funds by global banks and asset managers in Asia threatened the business of smaller firms who had opened their independent firms just after the 2008 financial crisis.
The following bids, mergers, acquisitions and disposals were reported on Monday including Greece banking, Fiat, BOFA, Mechel, Saputo, RBS, Lohmann, Carlyle Group, Monte dei Paschi di Siena, Kuwait Airways, Dubai Holding, SunEdison, Blackstone, Greece National Bank, IMG Worldwide, KKR, Babcock, AMR, Orrick, BAC and Fisker Automotive.
Commonwealth Property Office Fund Ltd (CPA) terminated a takeover offer from Dexus Property Group Ltd and Canada Pension Plan Investment Board (CPPIB) after the the consortium failed to top a rival bid within the specified time.
Tomkins Plc is exploring a sale that could value the private-equity owned global manufacturer of auto parts and building products at as much as $7 billion, several people familiar with the matter said on Friday.
Incoming New York comptroller Scott Stringer will be faced with the challenge of bringing down the management fees paid by the city's five pension funds when he assumes office in January, a Bloomberg report said.
US-based private equity fund Exhilway Global has closed USD200 million for its mines and minerals private equity fund that will operate in Indonesia, Turkey, and Kazakhstan.
The Philippines' state-run pension fund Government Service Insurance System (GSIS) allotted PHP2 billion of its cash for additional investments in local stocks, according to the firm's president Robert Vergara.
The following bids, mergers, acquisitions and disposals were reported on Monday including Forbes, Axel Springer, MidCap Financial LLC, Goldman Sachs and others.
