Aggregate Industries has struck insurance deals to transfer the risk of two of its pension schemes with Pension Insurance Corporation (PIC), Professional Pensions reports.
Baring Asset Management has unveiled the Baring MENA Fund with a two-week initial offer period on March 15, 2010 and launch on March 29, 2010, Financial Times reports.
F&C Asset Management is considering offering about EUR12.5 a share for Austrian investment firm C-Quadrat, The Wall Street Journal reports.
JP Morgan Worldwide Securities Services has been chosen as global custodian by two pension funds and two endowments in the U.K., Pensions & Investments reports.
Skagen Funds’ global fund chief Filip Weintraub has stepped down from his post.
Aros Capital Partners revealed plans to introduce Aros Altru, a U.K.-managed global altruistic opportunities fund, next quarter.
BNY Mellon Asset Servicing announced its assets under administration serviced on its cross-border pooling platform have passed the EUR100 billion threshold.
BP is looking to inject $1 billion into its global defined benefit plans in 2010, Pensions & Investments reports.
Mercer revealed year-end results that showed almost 70% of defined contribution participant balances have come back to pre-crash levels.
Former Deka Investment and HSBC Capital Management fund managers Michael Hallacker and Erich Schilcher have set up an investment firm, Citywire reports.
ITV has improved its deficit via cost cutting measures implemented after its deficit increased from GBP178 million at the end of 2008 to GBP436 million last year because of inflation assumptions and a lower discount rate that hiked estimated liabilities.
The Cumberland Newspaper Group has hired Punter Southall to expand its business across Scotland and the north of England.
Aegon has named Iain Black as coo of its U.K. distribution business, which includes IFA firms Positive Solutions and Origen.
DST Global Solutions’ Investment Management Solutions (IMS) unit has responded to heightened government scrutiny with the launch of a range of risk consulting services.
Henderson Global Investors has appointed Brigid Jackson as the first director of fixed income.
Norfolk County Council Pension Fund is looking for a passive U.K. equity manager.
South Yorkshire Pensions Authority of Barnsley has appointed Henderson Global Investors.
Asset manager T Bailey is closing its multi-manager U.K. best ideas fund. The T Bailey U.K.
Taylor Wimpey is in talks with members of the George Wimpey Staff Pension Scheme about shutting the plan to future accrual.
Grove Pensions Solutions has hired PAN Governance CEO, Steve Delo.
UCITS III platform provider Merchant Capital has announced that its first client is fully operational.
Baring Asset Management has floated five of its core offshore funds on Cofunds.
Cardano has scored a mandate with the GBP5 billion E.ON U.K. Pension Scheme to advise the trustees on its investment arrangements, including asset allocation, liability hedging and choosing managers.
Castlestone Management has introduced a UCITS III-compliant version of its offshore multi-asset fund.
The National Association of Pension Funds has issued a statement in response to the government’s pension tax proposal expressing its criticism, primarily regarding concerns about adding cumbersome and confusing rules and potential costs.
Long/short equity and global macro hedge funds reported positive returns for February based on the performance of the LAB Liquid Indices, said the head of research for alternative beta strategies at Credit Suisse.
AEGON Asset Management is introducing a real estate fund that aims to offer pension fund investors good returns via active management of a direct U.K. property-based portfolio.
The Greek government has put all state pensions on hold amid its plans to cut its deficit.
U.K’s Business Secretary Peter Mandelson is seeking the disclosure of the terms under which fund managers are paid.
Capita Hartshead has finished moving its Sheffield-based employees to its new eco-friendly headquarters.
PNO Media is planning to introduce a separate pension provider to offer additional products.
Defaqto’s latest multi-manager guide shows that multi-managers are gaining confidence, as evidenced by the 18-month cash position low, following a credit crisis that inspired big cash holdings.
Grove Pensions Solutions has appointed PAN Governance CEO Steve Delo as chair of the Grove Governance and Risk Management Committee.
LaSalle Investment Management has hired Susan Lloyd-Hurwitz as its firm managing director of Europe and a member of the global management committee.
New sets of ethical guidelines for responsible investment practices at the Government Pension Fund Global and its asset manager, Norges Bank, have been introduced.
The Alternative Investment Management Association issued a statement announcing its support and accordance with the Committee of European Securities Regulators recognition that “legitimate short selling plays an important role in financial markets.”
Insight has handed over GBP21 billion worth of assets to Scottish Widows Investment Partnership.
JO Hambro Capital Management has appointed Emery Brewer and Ivo St. Kovachev of Driehaus Capital Management to manage an emerging markets fund.
Russell Investments has hired 20 new specialists as part of an expanded services plan to meet demand in its core services line.
State Street Corporation has opened its new Irish headquarters in Dublin.
Qatari Islamic bank, Masraf al-Rayan (MAR), has set up a new USD1.1 billion GCC-wide vehicle.
Asset Super is considering a merger with another superannuation fund, but its chief, John Paul, denied that there is a coming announcement.
JPMorgan Asset Management is preparing to introduce a Brazil-focused investment trust, citing the growth of the BRIC member nation and its role as the world’s tenth largest economy.
Following the Jan. 1 fusion of the asset management units of Crédit Agricole and Société Générale, Amundi is looking to rebrand its business units and products for the purpose of uniformity.
BAE Systems Pension Funds has hired Hermes Equity Ownership Services for corporate governance advice.
Romania’s Fondul Proprietatea (FP) has appointed Franklin Templeton.
Prudential Plc is set to purchase Hong Kong-based American International Group life unit for USD35.5 billion.
Towers Watson’s clients increased their demand for bonds by more than 50% from 2008 to last year, with the demand for U.S. bonds increasing the most, boasting twice the number of selections last year as the year prior.
The Norwegian Ministry of Finance made final rules that will enable the Government Pension Fund Global to invest up to 5% of its NOK2.6 trillion (USD435.8 billion) portfolio in property.
The Shell Contributory Pension Fund has moved more of its stock and bond holdings to passive management after active did not work, according to trustees.
Baring Asset Management has named Roberto Lampl to the newly-created senior role of head of Latin America equity.
The defined benefit plan for Fujitsu has been extended for another 12 months after workers voted to agree on a revised deal from bosses.
BAE Systems Pension Funds has selected Hermes Equity Ownership Services to offer corporate governance advice.
The fixed-income team of Paul Causer and Paul Read at Invesco Perpetual has given up five of their fixed-income portfolios.
A considerable commitment to domestic bonds contributed to the low fourth quarter return exhibited by Japan’s public pension fund.
Aegon U.K. is separating the board of its life and pensions business from its distribution operations.
Australia’s Financial Planning Association has introduced its reporting unit, FPA Confidential.
U.K. outsourcing firm Capita is looking for buyers for its fund administration unit, Capita Financial Managers (CFM).
The closed-ended Aqua Resources Fund has inked a deal to subscribe for five-year convertible bonds of Waterleau Group, for a EUR20 million consideration.
Bank of America Merrill Lynch has appointed Bill O’Neill as cio for Europe, Middle East and Africa (EMEA) wealth management.