London Pensions Fund Authority today announced that Sir Merrick Cockell will take over as its acting Chairman. The position is a natural progression for Sir Merrick, who joined the LPFA Board in October 2010 and, as its Deputy Chairman since January 2013, has steered the organisation through much of its strategic shift.

Global investors have shifted their attention from Greece to China amid continued concern of a Chinese recession, according to the BofA Merrill Lynch Fund Manager Survey for August. Respondents are scaling back their expectations for economic growth.

Equity investments returned -0.2 percent, and fixed-income investments -2.2 percent. The return on these investments was 0.4 percentage point higher than the return on the benchmark indices. Investments in real estate returned 2.0 percent.

During the first months of the year, investors were plain sailing, helped by easy monetary policy, robust economic data and stronger currencies. In euro terms, almost all asset classes generated positive returns...

Norges Bank has decided to exclude the companies IJM Corp Bhd, Genting Bhd, POSCO and Daewoo International Corp from the investment universe of the GPFG. The companies are excluded based on an assessment of the risk of severe environmental damage.