News

GLOBAL - The World Bank has raised US$130m from institutional investors, including some of the world's largest pension funds, through its green bond issuance.

US - Media publisher McClatchy said it expects to lose US$32m from its investment in a fraudulent scheme run by Westridge Capital Management.

US - The chairman of private equity firm Markstone Capital Group has pleaded guilty in the on-going investigation of pay-to-play kickback schemes at the New York State Common Retirement Fund (CRF).

IRELAND - The aggregate pension fund accounting deficit of the top 25 companies quoted on the Irish Stock Exchange and the top state-sponsored bodies totals €9bn (US$13.5bn), a study by Lane Clark and Peacock (LCP) revealed.

EUROPE - Multinationals are increasingly looking at creating cross-border pension funds for their employees, industry figures said.

Local Government Pension Scheme reform could be used to help halve the budget deficit over the next four years, the department of communities and local government says.

The Universities Superannuation Scheme has diversified its property allocation in a deal with Henderson Global Investors' UK Retail Warehouse Fund.

UK - The Universities Superannuation Scheme has diversified its property allocation in a deal with Henderson Global Investors' UK Retail Warehouse Fund.

Towers Perrin and Watson Wyatt have been granted conditional clearance to proceed with their merger to form Towers Watson.

US/EUROPE - Towers Perrin and Watson Wyatt have been granted conditional clearance to proceed with their merger to form Towers Watson.