AUSTRALIA - The A$11bn Telstra Super has agreed to provide a combination of debt and equity for a 50% stake in the Adelaide Tax Office Development due to be completed in October 2012.
At an emergency summit in Brussels, EU leaders have finally settled on a debt relief plan for Greece.
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
EUROPE - At an emergency summit in Brussels, EU leaders have finally settled on a debt relief plan for Greece.
US - The California State Teachers' Retirement System said its engagement efforts successfully resulted in the withdrawal of 21 proposals for a majority vote in corporate board elections in the 2011 proxy season.
MALAYSIA - Aberdeen Asset Management has hired Suhaila Suboh as Asian fixed income strategist and plans to expand the Asian debt team in Kuala Lampur, the firm said.
NETHERLANDS - Pensioenfonds Zorg & Welzijn returned 0.4%, while Stichting Pensioenfonds ABP was up 0.8% for the second quarter.
NETHERLANDS - J.P. Morgan Worldwide Securities Services has just completed a $12.5bn transition of pension manager APG's emerging markets portfolio, and been named custodian of those assets, the firm said.
GLOBAL - Global endowments have begun to create bespoke inflation indices to use within their portfolios, said Marcus Grubb, managing director at the World Gold Council at a GP web debate on managing inflation risks.
US - The country's two largest pension funds brought in record returns in for the year ended 30 June 2011 with CalSTRS returning 23.1% and CalPERS, 20.7%, though officials at both pointed to concerns about the US economy going forward.