U.K. agency seeks risk managers
By Thao Hua November 17, 2009Britain’s Asset Protection Agency issued an RFI for “a panel of risk and transaction advisory firms,” which can include money managers, to help manage a portfolio of high-risk debt...
CDC commits to pension ‘buy-in’ with Rothesay Life
By Drew Carter November 17, 2009CDC Pensions Scheme, London, committed its £370 million ($619 million) in assets to a pension “buy-in” with Rothesay Life, CDC spokeswoman Miriam de Lacy confirmed.In the deal, ...
Celestica taps Mercer as fiduciary manager
By Drew Carter November 16, 2009Updated Nov. 17, 2009Celestica (UK) Pension Plan, Manchester, England, hired Mercer to run its entire £100 million ($167 million) in assets in a fiduciary management mandate,...
Hermes' latest boutique marks firm's push to gain U.S. clients
By Drew Carter November 16, 2009Hermes Fund Managers has lifted out a six-member global equity team from Fortis Investments in Boston as part of a bid to attract U.S. institutional clients.
Dutch pension plans' funding still a risky business
By Thao Hua November 16, 2009Most Dutch pension funds have returned to their required 105% minimum funding threshold, but fund officials are not out of the woods yet.
A death knell for Euro hedge funds?
November 16, 2009A European Commission draft proposal to strengthen regulations on alternative investment managers would hurt competition, restrict investor choice and put many hedge funds out of business, according to a new report.
Pension reforms could hurt women, paper finds
November 16, 2009Potential reforms in government-backed pension funds in Europe might be handing women the short end of the stick, according to a new paper sponsored by Education International, a Brussels-based global federation of teachers unions.
McCain goes with State Street for custody
By Timothy Inklebarger November 13, 2009McCain Foods Ltd., Toronto, picked State Street Corp. to provide global custody, accounting, benefit payments and investment analytics for its combined C$300 million (US$286.4 million)...
Pictet taps MetWest as subadviser
By Douglas Appell November 12, 2009Pictet & Co. hired Metropolitan West Asset Management to subadvise a U.S. high-yield mutual fund for European investors, a Pictet spokeswoman confirmed. In a statement issued today, MetWest...
Chicago Teachers issues manager-of-managers RFP
By Barry B. Burr November 11, 2009Chicago Public School Teachers’ Pension and Retirement Fund is searching for a firm to run a $90 million to $150 million manager-of-managers program in international equity.The managers in...
Mn nears obtaining its first U.K. client
By Thao Hua November 11, 2009Macmillan Cancer Support Pension Scheme, London, is close to hiring Mn Services as fiduciary manager of the £20 million ($33 million) fund, according to Sarah Smart, chairwoman of the...
U.K. newspaper scheme selects consultant, actuary
By Drew Carter November 11, 2009Midland Independent Newspapers Pension Scheme, Birmingham, England, hired JLT Benefit Solutions as investment consultant and actuary, according to a JLT news release.Watson Wyatt Worldwide ...
Consultant, adviser on North Yorkshire radar
By Thao Hua November 11, 2009North Yorkshire County Council Pension Fund, Northallerton, England, issued RFPs for an investment consultant and an independent investment adviser, according to Tom Morrison, principal accountant of ...
AMG gets 5% stake in Value Partners Group
By Douglas Appell November 9, 2009Affiliated Managers Group acquired a 5% stake in Value Partners Group for about $36 million from a group of that firm’s senior management owners, including Cheah Cheng Hye, Value...
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