Asia

CANADA/JAPAN - The Canada Pension Plan Investment Board (CPPIB) and Global Logistic Properties (GLP) have formed a joint venture to invest in the country's logistics network.

US/ASIA - Acadian Asset Management Singapore has appointed Ho Yew Weng as director of institutional sales for Asia-ex Japan.

JAPAN - Japan's public pension fund scraped a small return on its investments in the second quarter after its assets fell by $33bn, its latest report shows.

JAPAN - The implementation of new accounting rules that would have forced companies to book pension fund shortfalls as liabilities on their balance sheets is to be postponed, according to reports.

JAPAN - Credit rating agency Moody's has downgraded Japan's sovereign debt rating by one notch, saying weak political leadership has hampered growth.

ASIA - ING Investment Management Asia's CIO believes the yuan will become a reserve currency within the next two years driven by the ongoing debt problems in Europe and the US.

ASIA - HSBC Securities Services (HSS) has launched a fund administration infrastructure and operating model in Asia to help pension funds and other clients increase transparency in light of volatile markets and regulatory scrutiny.

JAPAN - Mercer is considering launching its implemented consulting service in the Japanese institutional market.

JAPAN - Japan's corporate pension funds have twice as much money entrusted to pooled accounts run by life companies and trust banks as they have under mandates awarded to asset managers, research shows.

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.