CEIOPS has issued a report on how countries in the European Economic Area measure the levels that companies must fund their defined benefit pension schemes. Meanwhile, Officials at the Arizona Public Safety Personnel Retirement System are considering a radical shake-up of its $7 billion investment portfolio. Also, Knight Capital Group has formed a joint venture with Clearbrook Financial, an independent financial services firm that provides portfolio solutions to investment professionals serving high net worth individuals. Finally, Identifying climate change as one of the major long-term investment trends that will shape equities markets worldwide, Deutsche Asset Management has launched the DWS Invest Climate Change Fund in Hong Kong, reports Asian Investor.