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Investment
Towers Watson has raked in $50bn (£31bn) in global assets under advisement through its implemented investment services business, the firm's fiduciary management offering.
15 July 2011
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Global
GLOBAL - Towers Watson has raked in $50bn in assets under advisement globally through its implemented investment services business, the firm's fiduciary management offering.
15 July 2011
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Canada
CANADA/US - The Canadian Imperial Bank of Commerce (CIBC) has acquired a 41% stake in US asset management firm American Century Investments in a move to increase its international asset management offerings.
15 July 2011
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US
US - United Continental will have to make the first of eight $62.5m payments to the Pension Benefit Guaranty Corporation, which stem from United Airlines' bankruptcy protection deal, by 14 February.
15 July 2011
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Appointments
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.
15 July 2011
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US
US - Assets at the New York State Common Retirement Fund have hit $146.5bn, surpassing 2008 levels, state comptroller Thomas DiNapoli said today.
14 July 2011
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US
US - Russell Investments has landed a $640m mandate from the Alaska Permanent Fund for its Russell Fundamental Developed Large Company Index, the first mandate win for the firm in its new suite of fundamental indices.
14 July 2011
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ETFs
EUROPE - Providers of European ETFs can double their funds' stated management fees through ancillary activities such as securities lending, other enhancements and trading activities, says a new research report from Deutsche Bank.
14 July 2011
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China
CHINA - Li Keping, vice chairman for the National Council for Social Security Fund, will leave the fund to join the China Investment Corporation as chief investment officer.
14 July 2011
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