According to sources, signing and enactment of Colombian pension fund decree may be delayed. Colombia's Finance Minister, Mauricio Cerdenas, may announce that the signing of the pension fund decree could be delayed, according to high-level government and industry sources.
Tags: Pension fund
Former New York State Pension Fund Manager, Two Brokers Involved In Bribery Scheme
A former portfolio manager at New York State Common Retirement Fund and two brokers were charged with securities fraud after being involved in a bribery scheme that started early in 2014.
Japan's GPIF turns to profit in Q3
The Government Pension Investment Fund of Japan reported an investment profit of ¥4.73 trillion in the third quarter of 2015, compared to an investment loss of ¥7.9 trillion in the previous quarter.
Irish Davy Group acquires Prescient for EUR2 billion
Ireland's largest stockbroker Davy Group bought rival Prescient Asset Management Holdings Ltd. for EUR2 billion. This is Davy's second raid against competitors after it acquired a stake in Bloxham Stockbrokers last year.
Lufthansa to modify pension plan for employees by year's end
Lufthansa had decided to scrap the current pension plan to a plan that is tied to investment returns of the fund.
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Prime Minister Shinzo Abe announced cutting down Japan's pension fund and focusing into stocks, away from government bonds.
The increase in the required pension fees for CalPERS is a good move according to Moody's Investor Services.
In an unprecedented move, Canyon Lake City has opted out and terminated its contract with Calpers. Canyon Lake is home to Calpers, the largest public pension fund in the US with US$256 billion in assets.
Canada's OMERS pension fund poised to make major purposes in 2013. OMERS, one of Canada's leading pension funds, announced last Friday that it is now in the process of diversifying its portfolio away from traditional areas such as North America, the United Kingdom and Western Europe.
One of Canada's largest pension plans teamed up on Thursday with Japan's pension funds and some of its major conglomerates to help raise $20 billion for the world's largest infrastructure fund to invest in assets such as roads and airports.
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